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

Bullboard Posts

Post by superoilhunteron Jul 18, 2012 11:29am

285 Views

Post# 20126003

same upper oil section of shalbee1

This should be the same oil baring section we found in shalbeel1.. but this should be thicker pay. Good news all around, stock will be north of 2 shortly on confirmation this is a nice size find in the basin.

Bullboard Posts

How one company is disrupting PoC testing