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.

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Africa Energy Corp

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Comment by creaturecomphorton Mar 07, 2013 10:09am

167 Views

Post# 21093283

RE: RE: RE: RE: KH support

This is one of the ugliest environments for raising money I have ever seen. Once HRN sorts out where it will drill next they will have to raise money before they can proceed. They will get it. The dillution will be awful. Just how it is right now. What price will the next private placement be at? Should happen in the next 2 - 3 months.

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