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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 Illuminati1on Feb 13, 2013 2:18pm
329 Views
Post# 20983028

Bombing Campaign continues

Bombing Campaign continues

 

Gulf of Aden Security Review - February 13, 2013
 
Horn of Africa Security Brief
 
Al Shabaab attacked Baidoa, Bay region on February 12. Both al Shabaab and the Somali government troops stationed in the town used heavy artillery during the fight. Casualties are confirmed but exact numbers are not known.
 
Al Shabaab spokesman Abdi Aziz Abu Mus’ab said that his terrorist organization will continue its bombing campaign in Somalia. He threatened continued attacks like the bombing that targeted a Puntland security official in Galkayo on February 11.
 
 
This company has no major production, no big revenue per month coming in and nothing much but a speculative license - and its trading way way above their cash in the bank level and no imminent drilling of anything.
 
Which says the share price will always be dripping downwards apart from when it gets ramped or there is a bit of news - but the trend is going to be down apart from those spikes.
 
20c coming soon

 

Bullboard Posts