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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Post by Yemenon Jul 10, 2012 1:53pm

383 Views

Post# 20098811

Not Wet Blanket, but

Keith Hill said pretty much the same thing regarding the pipeline matter at the AGM for AOI at the end of May.

I have pulled in my "horns" on this one until we get a DST. I am more than a little concerned that more than 2 months after the initial shows in the upper sections of the first hole that we still do not have a DST. There may be hydrocarbon shows and a large reservoir, but if there is a flow problem, then we all have a problem.

I am only saying, don't be stampeded on this one. I am holding, not adding.

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