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

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Comment by whe4toon Jul 25, 2012 3:10pm

272 Views

Post# 20151591

Constructive Su. Wait!

If it were me entering now I would probably go all in; however in these markets I would await news. If news is poor you have saved yourself good money, if the news is good you may miss the first 20/30% rise but you will still get in at a good price. The next 6-8 weeks is vital for us! TD here at SN, and testing at S-1.

I'm holding at these prices, but watchin volumes like a hawk. To be fair there has not been a large sell off since water NR, whilst RMP (JV partner) has been hammered in the UK.

ATB

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