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 smarter_of_moron_idiot_imbecileon Jul 22, 2012 12:44pm

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Post# 20139762

RE: RE: Worth Posting-Aoi, hrn,Tullow

From the wording its unclear whether they ment each target or each basin having the potential of one Billion barrels? Must be each basin they are referring to I would strongly suspect. Otherwise it would be utterly mind blowing!

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