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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 ROUGHTRADER2on Mar 16, 2012 3:37am
340 Views
Post# 19679236

RE: RE: RE: Geopolitical Risks in Somalia

RE: RE: RE: Geopolitical Risks in Somalia

For all HRN investors:

Bear in mind the pros and cons of investing in Somalia before you decide to spend your hard earned money. The pumpers are telling you that oil will be found one day. That is not a sure thing. It is a possibilty. It has yet to be proven.

The risks are very high in Somalia. The country is ravaged by war, terrorism, corruption at all levels, greed, poverty,  prolonged famine and unhealthy conditions which many of us could not possibly bear to live in.

I for one, am very greatful that I live in a great country such as Canada.

The geopolitical issues of Somalia are very complex and will not be easily resolved with the possible discovery of oil. In fact the discovery of oil may actually exacerbate the war and continued terrorism in Somalia, much like it has in Sudan. The tribal and civil warfare will likely spread to capture the oil wealth IF and when it is discovered in Somalia.

Somalia needs a STABLE, SECURE, and DEMOCRATIC government that represents all its citizens' needs.

Unfortunately, greed, corruption, and warfare is more prevalent than goodwill towards humankind in Somalia.

I sincerely hope that the Somali people will one day find peace.

But peace comes at a grave cost.

GLTA.

Bullboard Posts