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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 May 17, 2012 3:34pm
281 Views
Post# 19922333

I will Wait for the AGM before

I will Wait for the AGM before

seeing what the next move will be.  By that time they will have started at Shabeel North.

I had always thought that of the two locatins, the new one held a bit more promise.  Notice the long upslope before the formations hit the fault.  It would appear to be many times the upslope conditions of the first hole and Shabeel may well have a commercial find in the Cretaceous.

If that Cretaceous find is commercial, there is a good chance that Shabeel north will find more in the Cretaceous.  There is a working petroleum system here and how many wells did they drill in the Leduc area before they hit???  But that was in the days of the oil witch, which by the way does work in the proper hands.

Maybe I should dust off the old beast and go see the Lundins.

Bullboard Posts