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Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

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 located in the Outeniqua Basin approximately 175 kilometers (km) off the southern coast of South Africa. The block covers an area of 18,734 square kilometers (Km2) with water depths ranging from 200 meters in the north to 1,800 meters in the south.


TSXV:AFE - Post by User

Bullboard Posts
Comment by investpro2on Mar 19, 2012 5:52pm
326 Views
Post# 19691871

Fully Agree Skier

Fully Agree Skier

https://www.africaoilcorp.com/i/pdf/2012-02_Avanza.pdf

Check out page 33 of AOI deck. Tullow purchase of 335 Million barrels in the ground for $4 per barrel for $1.2Billion, yes Billion.

AOI 2 rigs drilling now, one with HRN, AOI majority shareholder, just one strike and AOI sp is $6.

They have P50 prospective oil of 5 Billion barrels of oil.

AOI market cap possiblity in the Billions. HRN just as good.

Good luck to all.

Bullboard Posts