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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 Houndtraderon Nov 13, 2013 4:55pm
367 Views
Post# 21903367

RE:Correction...

RE:Correction...Sounds like it won't be in the areas of Kenya, Ethiopia.or Somalia but in other areas of Africa.



For Africa Oil's associates Horn, with operations in Somalia, expected an African acquisitions during the first quarter of next year.

"It's hard to say exactly, but we should have something by the end of the first quarter., We have been very close before., We look at interesting oil facilities on land or in shallow water but outside our current areas of Kenya, Ethiopia and Somalia. There interesting opportunities in West and Northwest Africa, "says Keith Hill.

Bullboard Posts