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 StupidInvestoron Dec 17, 2015 12:29am

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Post# 24390727

RE:RE:Africa Energy enters definitive deals for block 2B

I hope Lundin takes a large part of the PP. However, I guess for future financings, it will be ideal to get some more people on board. It's always disappointing when companies talk about taking advantage of the current situation in the oil-space and put their own shares on discount to make acquisitions. They've got till March 2017 to do their work, and here you can read some more about the 2B block:

https://crownenergy.se/en/operations/operations/south_africa

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