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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
Comment by Yemenon Mar 01, 2012 8:15pm
317 Views
Post# 19614677

RE: RE: There are some pro's chasing this stock

RE: RE: There are some pro's chasing this stock

If you were around for the initial KRG discoveries, you would not say that.  The float is the key.  Low float, the higher the stock will go if there is significant discovery. 

Even AOI went from $1 to $6 a few years ago, just on spec, and they. didn't even get close to drilling.  Here, I believe that we have better than a  50/50 chance, perhaps much better of a major discovery coming down the pike.   Even with a political discount, I see 5X in the near term if they hit.

the funny thing is, that even if they discovery something significant and Shabaab boys get foolish, do you really think that Lundins haven't got the cavalry just over the hill.   They are too good, not to.

Bullboard Posts