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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
Post by beethovennon Apr 16, 2012 5:51pm
483 Views
Post# 19800491

hrn

hrn

However investors who have injected capital in the high risk exploratory activity have to cautiously trend as militants retreat to Galgala mountains of Puntland.

According to intelligence sources Horn Petroleum is a choice of many investors and if the drilling of Shabeel-1 hits a depth of 2700-3800 meters, billions of oil barrels will be discovered.

This puts investors with a stake in Horn Petroleum possible big-time beneficiaries as Africa Oil and Horn Petroleum edge closer to make the anticipated announcement of the volume of the oil find.

glta

Bullboard Posts