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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 a 10% participating interest in the Exploration Rights 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 19,000 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 22, 2012 11:07am
506 Views
Post# 19821312

that's why sp is so low

that's why sp is so low

Intelligence obtained from Puntland Security Ministry confirm plans by Al-Shabaab to attack oil drilling company resources Africa Oil and its strategic partner Horn Petroleum in Dharoor Valley Puntland.

Events playing out since February 2012 indicate that Al-Shabaab is about to attack the oil drilling companies resources and staff, most likely, take employees hostage besides destroy equipment.

Strategic Intelligence confirms that locals living around the exploration and drilling site are not happy with the drilling citing environmental concern and no consultations about the oil exploration and drilling activities of the Canadian firm Africa Oil.

Al-Shabaab soldiers have been massing in the Galgala mountains of the Bari region of Puntland after fleeing increased military pressure from allied forces in Somalia.

Al-Shabaab was quoted in February and March threatening to nullify all oil exploration contracts though they do not have the capacity to enact such a drastic measure.

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Bullboard Posts