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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 Apr 25, 2012 2:55pm
291 Views
Post# 19835285

Not so fast!!!

Not so fast!!!

I have looked closely at the much ballyhooed and debunked photos and find that there are some basic truths contained therein.

1. The second photo is taken at night.  Self evident, you say.  But if you wanted to conduct a DST at least somewhat away from prying eyes, a night time test might suggest itself as being a prudent course.

2. I pay at least some attention to the trucks themselves.  Obviously, these trucks belong to rig higherups llike K. Hill and HRN executives.  The larger truck could easily be deduced to be a DST vehicle and looks very much like one.  These vehicles hire out a hundreds of dollars per hour and would not be on site unless an actual DST was being contemplated.

3. The name on the larger truck is only a partial, but anyone with intimate timely knowledge of contractors in Yemen or Egypt who do DST's would know which tester the larger truck belongs to.

The photo may be fake, maybe it isn't.  My guess is that its not at this point.  Not prepared to bet the farm, but maybe a granary or two based upon all the rest of the background that we know.

Comments are welcome.

Bullboard Posts