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.

TSXV:AFE - Post by User

Africa Energy Corp > Break even

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Comment by misterroachayon Aug 13, 2020 12:14am

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Post# 31401596

RE:RE:Break even

Hi Argaiv,

I bought in Somalia and averaged down over the years. I refused to sell as I know there will eventually be an upside. I believe that time to be now.

Curious to see what others think the share price will be after 11B/12B. Some say $0.60 other over a dollar $1. I'm glad it's now moving in the right direction. I feel very positive about this now the likes of Total and QP are involved.

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