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Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

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

Bullboard Posts
Post by whe4toon Aug 23, 2012 5:55pm
518 Views
Post# 20254088

Read this from RMP in UK

Read this from RMP in UK

 


Forgot to mention my conversation with a very professional lady from Old Park Lane today, key points:

+ Private investor driven
+ Suspension is to squeeze the shorter's (protect us long term holders)
+ $18 million in the bank (5p per share)
+ Offshore Nugaal (no comment)
+ S1 flow test (without a doubt)
+ Results were expected yesterday, now expected today or tomorrow as can come out of suspension at any time

All her words not mine (sounded confident though, think she wanted my portfolio lol)
 
Therefore results any day (we guessed that), but S-1 deffo to be flow tested (great news)
 
ATB
Bullboard Posts