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 Illuminati1on Jun 19, 2013 6:05pm

262 Views

Post# 21551472

Bombing campaign continues

UN's peaceful return to Somalia shattered as al-Shabaab bomb kills 16 at compound

First notable attack on UN staff since Islamist rebels were driven out of Mogadishu two years ago

https://www.nytimes.com/2013/06/20/world/africa/un-compound-in-somalia-is-attacked.html

More bad news I'm afraid.

This company has no major production, no big revenue per month coming in and nothing much but a speculative license - and its trading way way above their cash in the bank level and no imminent drilling of anything.

Which says the share price will always be dripping downwards apart from when it gets ramped or there is a bit of news - but the trend is going to be down apart from those spikes.

20c soon

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