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 SBakeron Aug 14, 2020 10:43am

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Post# 31408297

RE:RE:RE:RE:RE:RE:Break even

Always sorry to hear of losses and I've suffered on lots of occasions. I'm more positive than some and my gut feel is to hang on for a few months more. What gives me confidence is not just the fact that Brulpadda found hydrocarbons but more importantly this will have allowed the DHI to be calibrated for the remaining prospects. In a similar analogue to Exxon in Guyana those DHI's give an extremely high chance of making multiple major discoveries >500mmBOE. When you consider the Kloofpadda play is 400 square KM with DHIs the potential is eye watering......the question then is how will stock market react on good news.

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