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Bullboard - Stock Discussion Forum Africa Energy Corp HPMCF


Primary Symbol: V.AFE

Africa Energy Corp. is a Canada-based oil and gas exploration company focused on South Africa. The Company owns approximately 49% of the common shares and 100% of the Class B shares in Main Street 1549 Proprietary Limited (Main Street 1549), which holds 10% participating interest in the Exploration Right for Block 11B/12B offshore the Republic of South Africa (Block 11B/12B). Block 11B/12B is... see more

Bullboard (TSXV:AFE)

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Comment by sparticus777on Nov 01, 2020 11:07am

RE:RE:RE:RE:RE:Why afe is down?

True GoJerez2, but don't forget the Block 2b well, Gazania. This well should be drilled 2Q next year and as AE holds 27.5% and the likely hydrocarbon is definitely oil, this could be a very big ...more  
Comment by tadjames1on Nov 01, 2020 11:04am

RE:RE:RE:RE:RE:Why afe is down?

They are testing as we speak and Garret mentioned there still may be a good chance of oil below the gas leg. Should be results soon. 
Comment by GoJerez2on Nov 01, 2020 5:40am

RE:RE:RE:RE:Why afe is down?

The only potential lift will be if the flow rates are excellent and have significant liquids associated with it. They need to be huge to get the excitement back. Theoretically, 75metres of qaulity ...more  
Comment by RHertigon Oct 31, 2020 3:07pm

RE:RE:RE:Why afe is down?

I thought it was condensate which is worth triple natural gas. I guess it will come down to the test showing how much is liquid vs gas.
Comment by Harel1976on Oct 31, 2020 3:04pm

RE:RE:RE:RE:Why afe is down?

You might be right, perhaps there are things we still dont know, but if not then the market trades on expectations, when the market was expecting 4 wells campaign the hype took the share to highs, now ...more  
Comment by Schreibzeyon Oct 31, 2020 2:52pm

RE:RE:RE:Why afe is down?

I'm not doubting you at all, trying to simplify in my head. If the Lundins and related parties are doubling down at $0.45/ share, I think there is more than meets the eye. I fully recognize this ...more  
Comment by Harel1976on Oct 31, 2020 2:50pm

RE:RE:Why afe is down?

I compere it to another investment i have, an israeli company that holds 15% of the biggest israeli gas field of about 1.6billion boe, it started producing early this year with high price contracts ...more  
Comment by Schreibzeyon Oct 31, 2020 2:39pm

RE:Why afe is down?

I think the current pricing is based on the private placement costs related to the related party transaction with Soden, AOI, and the two Lundin enterprises. The current price seems to extend to the 1 ...more  
Comment by Ferryboyon Oct 31, 2020 2:10pm

RE:RE:RE:RE:Luiperd to be discussed at Africa Oil Town Hall

Keith Hill did say they (meaning Total) was off to drill and even deeper well off Africa (I forget exactly where) than Luiperd so it would likely be the same deep water rig.  My question ..is the ...more  
Post by Harel1976on Oct 31, 2020 9:05am

Why afe is down?

The luiperd discovery is huge but was already over priced when afe was at the 50's. How come total halted the exploration campaign? The big hope in luiperd was to discover oil, if they would then ...more  
Post by gimo211on Oct 31, 2020 6:41am

Energy Voice article

Source: EnergyVoice Africa Energy finds room to run with Total at Luiperd Total’s Luiperd gas condensate discovery has been sufficient to end drilling in South Africa’s Block 11B/12B, leaving ...more  
Comment by tadjames1on Oct 31, 2020 12:33am

RE:RE:RE:Luiperd to be discussed at Africa Oil Town Hall

Yes SBaker, that's what he said.... 50% bigger. And yes, you are correct that AFE will have to pay thier share of rig cancellation fees. One can not sign a 1 yr contract and cancel within a few ...more  
Comment by tdon1229on Oct 30, 2020 3:21pm

RE:RE:RE:Luiperd to be discussed at Africa Oil Town Hall

I also heard him (KH) describe the Luiperd find as being 50% larger than expected.
Comment by SBakeron Oct 30, 2020 10:43am

RE:RE:Luiperd to be discussed at Africa Oil Town Hall

Luiperd got a brief mention at the AOI Townhall but not a huge amount of airtime and very little in the way of meaningful questions answered. The key takeaways I noted were: Luiperd is 50 ...more  
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