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 Illuminati1on May 31, 2013 12:27pm

184 Views

Post# 21467262

RE: RE: RE: RE: AOI money coming into Horn

There is no getting over that this is being ramped to the heavens.

26M $ market cap and yet only 6m $ cash.

Their "super prospect" has a VERY LOW CHANCE OF SUCCESS (CoS).

Furthermore the licence is NOT even been recognised by the Somali government.

Thats pretty awful and odds very much on to be a failure.

The simple fact that so many are trying to ramp and pump and hype and promote this should act as a big red warning flag to any private investors - when they are all trying to ramp you into buying - it means someone wants to sell out and wants you to be holding the stock when things go wrong, if they do.

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