Africa Energy Corp V.AFE

africa energy

[Harel1976]

the gazania-1 well will be spudded by year end.
total will continue the drill campaign on 11b/12b.
lng is now 25$ and winter is coming, total needs to conclude its negotiations with the sa government before they green light the rest of the campaign.
dont let the frustrations of tadj confuse you, he obviously dont have any experience in trading small caps oil'is other then afe.
this is a classic buy and hold share.

[klarkin]

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[tadjames1]

Obviously this guy does not know what he's talking about. Many shareholders have held this share for 10 years. That is not acceptable to create shareholder value. Now they hit world class discoveries and we sit and wait for years again. Not acceptable.

[AkaSrsInvestr]

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[tadjames1]

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[tadjames1]

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[RHertig]

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[tadjames1]

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[AkaSrsInvestr]

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[tadjames1]

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[tadjames1]

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[papaloapan]

Agree on the buy/hold, though I'm unclear on the value and process of 11b/12b. Believe there is a difference of opinion on stated reserve estimate between Total/AFE - question of how large, and easily resolved by 3rd party.  In any case, it depends on what the buyer agrees with. Premised on agreement, will they be selling interest in total tract or just these wells.  

[AkaSrsInvestr]

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[tadjames1]

Yup, it's a sad state of affairs for this group. Can't book a rig, can't dial the phone , can't capitalize on 2 world class discoveries.... Etc.etc etc etc etc etc

[klarkin]

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