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 Houndtraderon Jul 23, 2012 2:49pm

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Post# 20143314

RE: RE: agree something fishy here

Could very well be for political reasons, but believe, they can't see oil one week, and water without oil shows the next. Pretty obvious, they waiting on something to announce .Why they didn't wait til total deph is beyond me, but telling somalia they have hit water, I'm sure have those people thinking. Somalia needs to get something in writing soon. I posted a month ago this would take til the end of the summer,I'm not far off, if they waiting til the 20th of August.

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