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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
Comment by McBeanburgeron Oct 30, 2013 4:49am
236 Views
Post# 21860659

RE:Invalid Licences

RE:Invalid Licences
misterroachay

there are serveral ethinic groups in somalia, one of the largest is in puntland. that's the main reason puntland has been so peaceful.

if the central government wants those oil rights they will have to come and take them. puntland hold all the aces.

have a look at who holds the oil rights in iraq - the kurds control their oil patch and have their own arrangements. central government wanted control buy the kurds said no. not much they can do about it.

central government can say what it likes but they are not in a position to take what currently puntland controls.






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