Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

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

Bullboard Posts
Post by Illuminati1on Jul 26, 2013 2:15am
439 Views
Post# 21631703

Sub 20c

Sub 20c U.S. pushes 'Secret War' in Somalia while oil companies for the gfishold
Posted: Wednesday, July 24, 2013 3:04 pm
 
In a good week, reports from the Horn of Africa couldn’t be more upbeat. “Somalia is a good news story for the region,” declared Johnnie Carson, U.S. ass’t secretary of state for African affairs last October, “for the region, for the international community, but most especially for the people of Somalia itself.”
 
This year, however, the news picture went from upbeat to grim. Foreign Policy magazine reported that the U.S. has upped its aid to Somali intelligence agencies allied against al-Shabaab, the country’s Islamist insurgency. Training camps were preparing Ugandan peacekeepers to fight Somalia militants, and Predator drones, fighter jets and nearly 2,000 U.S. troops and military civilians were being parked at a base in neighboring Djibouti.
 
Despite billions in U.S. aid spent on Somalia to, as President Obama observed: “strengthen the security of the United States and promote world peace,” a new U.N. report confirms that “the military strength of al-Shabaab, with an approximately 5,000-strong force, remains arguably intact in terms of operational readiness, chain of command, discipline and communication capabilities.”
 
“By avoiding direct military confrontation, it has preserved the core of its fighting force and resources.”
 
Meanwhile, as the U.S. is pulled deeper into this costly and seemingly unwinnable war, Western oil companies from Canada and Norway are trolling Somalia’s semi-autonomous regions – Puntland and Somaliland – for potentially-enriching oil exploration contracts.
 
In some cases Somaliland and Puntland have awarded licenses for exploration zones that overlap.
 
The U.N. Monitoring Group warns:“Potentially, this means that exploration operations in these blocks, conducted by both DNO (Norway) and Africa Oil (Canada) under the protection of regional security forces, its allied militia or private forces, could generate new conflict between Somaliland and Puntland.”
 
“It is alarming that regional security forces and armed groups may clash to protect and further Western-based oil companies interests,” the U.N. report said. 
 
Bullboard Posts