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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
Comment by Illuminati1on Oct 27, 2012 12:47am
686 Views
Post# 20529874

Rig Sk501 in Somalia

Rig Sk501 in Somalia

Rig PR 5 is in Kenya that's correct but we are not after rig PR 5.

Our Rig is SK 501 which is tugged away in eyl, northern puntland.

The exact whereabouts is unknown due to security reasons but insider sources say its in eyl, northern somalia.

The link below said the rig has been moved to a village south of Garowe and then to Eyl.

Not just idle chatter ..one of the posters is a puntlander with links to the puntland gvt.

https://www.somaliaonline.com/community/showthread.php/67139-What-happened-to-Puntland-oil?p=863075

Rig SK 501

https://www.saksonegypt.com/pages.php?id=24

Sakson Egypt Petroleum Services our oil rig supplier joined Facebook 2 weeks ago.

There you can see that they also supply Genel Energy in Iraq.

JV with Genel could be handy.

So just waiting to get access to drill ready prospects in nugaal.

6th November is the key date.

Thats when the cabinet sits in place.
I am certain that the energy minister will press ahead with sorting out the conflicting areas in the Nugaal valley between Puntland and Somaliland.
So positive news flow about JV/ Nugaal is possible this year.
DYOR
GLA

Bullboard Posts