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 > An Astute Observation

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Comment by silverlinenson Feb 07, 2023 12:15pm

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Post# 35272024

RE:RE:RE:RE:RE:An Astute Observation

While what you say about Total is objectively correct, it's not for the average AFE shareholders been worth waiting 15 years and 1.5 billion shares. We've had a joke of a geo team that made money (60% chance of success after 5 years of study, wtf?!) Management made money. A lot of money while the rest of us made none. The rest of us, like the shareholders? The ones that's important to companies. Well gosh, hust give it 5 more years and we'll see a almost penny a year in dividend! We'll be breakeven come 2050!

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