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.

TSXV:AFE - Post by User

Africa Energy Corp

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Comment by canadafoxon May 09, 2012 11:40am

267 Views

Post# 19889796

RE: RE: RE: Turning Cautious

HT; I was remarking that the absence of full testing of the shallow zones should not be viewed as either a negative or remarkable. We'll know soon enough if the principal reservoirs are oil-bearing and productive. HRN's illiquidity will cause an instant SP spike or collapse as soon as the first whisper hits the airwaves and hi-volume sales or purchases are attempted.

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