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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 Grizzle1on Feb 23, 2013 5:23am
284 Views
Post# 21032297

RE: RE: No News coming

RE: RE: No News coming

Skier and Smarter are absolutely spot on here!

Anyone bailing out of HRN at this point or bad mouthing on these boards or iii doesnt understand the relationship beween AOI and HRN and its shareholders. The"friends" of Lucas Lundin will be invested in both.

Just take a look at slides 28/29 of AOI Jan 13 presentation and tell me they are seperate entities - HRN was designed to carry the risk portfolio. As Ngamia and Twiga de risk the Kenyan basins, I would expect KH to start pulling assets into HRN which could include the new Ethiopian licences.

If he doesnt, then they might as well just reverse HRN back into AOI and stop messing the shareholders around.

At the end of every AOI presentation, KH pulls the slide with Lundin Groups corporate share price growth - around 30% PA  - you know the one. 

You think hes going to be pulling this slide with HRN goin bust!! Not a chance.

Best get finding that rabbit soon Keith!

GLA Griz.

Bullboard Posts