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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
Comment by longrider1964on Jun 28, 2012 9:55am
259 Views
Post# 20063265

RE: HRN.WT

RE: HRN.WT

Warrant is good until Sept 2013 (dont know exact date) and has exercise price of $1.50  It is a very good way to play Horn as if they hit the stock should go to $4-5 dollars which means the warrant is worth $2.5-3.5 which is a 6-8 bagger from today.Has acceleration clause built in that requires exercisement if stock trades over $2 for 20 consecutive trading days so if these two holes prove up a successful oil system and it flies the warrants will all be triggered by end of August at latest but will be worth much more.   

Bullboard Posts