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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 Yemenon Jan 24, 2012 5:50pm
303 Views
Post# 19444060

Lots of interesting activity today on the mkt.

Lots of interesting activity today on the mkt.

1/2 million shares, most taken by one buyer.  Hmmmm  I know that the first well reports were reviewed in Vancouver yesterday at the Horn office.  They won't say much as the target formations are still at least a month away, but I thihk the word is out to the Lundin followers.

 

What i found amazing is that someone put up 1/2 million shares.  Why anyone would be selling much if any here is puzzling.  I wonder if they know the geology.  More likely one of the Lundin camp followers requested a large block of stock as opposed to taking it in drabs over the next week and possibly inflating the price.  I think it will happen.  Just a question of when, assuming the drilling goes according to Hoyle.

Bullboard Posts