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

Comment by botched$on Jul 18, 2012 4:14pm

354 Views

Post# 20127970

RE: i don't understand

market senitment blows a big one right now, so there arn't too many ready to jump into anything even if it is HRN (disclaimer: I am an HRN shareholder) and people probably just see it as too much risk.

with the sp move today it seems anyone wanting to make a play on s-N is doing it through AOI which is the less risky way but everyone knows less risk, less reward.

If I had any more capital availible to be buying HRN at this time I would not be hesitating. .

Bullboard Posts

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