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 StupidInvestoron Nov 22, 2012 10:28am

224 Views

Post# 20631477

RE: RE: RE: Short Volume 13000 15/Nov/2012

Issuing options when the shareprice is low makes sense. I mean, why wouldn't you? I've got no problem with that. I think it's far better than, for example, repricing the $1.50 options at 32 cents, which is a method I've seen lots of companies utilize this last year.

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