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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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Post by whe4toon Apr 26, 2013 7:10pm
180 Views
Post# 21310550

What is current cash balance?

What is current cash balance?

Worried that in order to do seismics or future drilling will need massive dilution or at least to give away 20% of puntland away to a JV!?!

 

 

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities