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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 a 10% participating interest in the Exploration Rights 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 19,000 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

Bullboard Posts
Post by freddahlon Sep 26, 2011 7:49am
325 Views
Post# 19082951

Hello

HelloNice to see someone else in pp.

I have also invested some capital in this company.
You are totally right. great speculation but at the same time extreme high risk due
to the terror groups regrouping in the area and the threats that has now
poured in to local medias.

there has been alot of bombings directed to western oil companies.

the other risk i can see that is Conoco Phillips stateing that they have approved papers
that they also have assets in the area.

im not sure what will happen but yes, if horn drills a successful well and the nr of oil in place are
what they say it is, the share will just rocket from here.......

good luck to you and if you hear any news please inform us.

take care.
best regards
Fredrik
Bullboard Posts