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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 justwinon May 17, 2012 11:49am
309 Views
Post# 19920816

Stunning How This Was Interpreted

Stunning How This Was Interpreted

They hit 12 to 20M close to surface.

They hit 180M @ 3246M

They hit 3M in several thin sand units.The 3M units "are not considered to warrant testing at this time"

Why would they test the small 3M zones when they have a massive 180M plus a 12 to 20M?

and AOI did $8.50 on their news?

Bullboard Posts