Africa Energy Corp V.AFE

Alternate Symbol(s): HPMCF

Energy Oil & Gas E&P

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.

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Africa Energy Corp

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Post by Yemenon May 07, 2012 6:50pm

493 Views

Post# 19882164

If I held AOI only

I would sell 1/2 or more, take my 500% profit and put it tinto HRN.

I just did this today mailnly because, AOI is touting all this pay zone but has not run a DST. A little odd to announce anything like that without a DST I mean, Kenya discovery could be 100 bbls a day for all we know. Its OK to have a pay zone, but if it doesn't flow, you have big problems.

Bullboard Posts

Geologica Resource: Polymetallic upside at a depressed price