Africa Energy Corp V.AFE

Alternate Symbol(s): HPMCF

Energy Oil & Gas E&P

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.

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Africa Energy Corp

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Post by Dave4444on Sep 18, 2019 4:53pm

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Post# 30140843

Must say, I bought a lot of cheap shares this summer and

I am somewhat surprised at how strong the share prices has been lately. Not complaining mind you as it is always nice to be 20 to 30% on no news, just surprised. I sold 50% and lowered my cost base on the remaining shares as between now and January drilling I expect something will happen to cause the shares to drop at least temporarily and I will be able to repurchase shares at the cheaper price, time will tell. In any case, I also have a non-trading core position in AOI so one way or the other I will be happy.

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