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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

Comment by silverlinenson Nov 19, 2022 10:07am
160 Views
Post# 35112468

RE:RE:RE:I guess we will sit here

RE:RE:RE:I guess we will sit here 1988. The year of the at home dot matrix printer and commodore 128, the aj-1 discovery in block 2B flowed light oil. 35 years later with 2D/3D seismic and decades of paid study because god knows the QR from AFE says that's all they do, the result is swamp gas. "Proven technical team", "basin openers", "a team that knows how to find oil". Coming up with 60% CoS I'd question everything I've ever done if came to a 60% CoS with all these futuristic tools at my disposal and f'd up this bad.
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