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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 justwinon May 17, 2012 12:36pm
259 Views
Post# 19921170

RE: RE: RE: RE: Stunning How This Was Interpreted

RE: RE: RE: RE: Stunning How This Was Interpreted

Read the release again. Its a paragraph on the 3M zones. They are in addition too the 20M and 180M and not worth testing.

They are bringing testing equipment in. Why spend massive money to bring in and test if its only 3M sections?

The Puntland Prez is announcing an oil discovery in India yesterday and there is only one hole being drilled.

IMO there will be clarification from one of the companies involved soon.

Who knows, maybe AOI bought a whack of this back down here, they were sitting pretty in the $6 ++ range for the last few weeks. 

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