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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Comment by pjmcarlsonon May 26, 2012 1:53am

418 Views

Post# 19949005

RE: What a poor finish

Are you kidding me? A poor finish? The stock was at .85 cents two days ago and now it is at $1.37 for a 61% gain. Whoever purchased it under .80 cents is probably happy with the increase in share price. I am back to my purchase price so even I am not complaining. Yeah, it could eventually be a $4.00 stock or greater but calm down and give it some time. The fundamentals will win out in the long run.

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