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

Bullboard Posts

Comment by Grizzle1on May 30, 2013 2:09pm

192 Views

Post# 21462144

RE: RE: RE: We took a punt on Puntland

I said the same thing when the licence was awarded. Think AOI have enough to be gettin on with and the licence transfer should be relatively easy with AOI as guarantor and with little cash flow impact on HRN at this point.

IMO AOI should stay as Kenya focussed and widen HRN brief to Somalia and Ethiopa.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario