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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Post by Empire82on May 08, 2017 11:45pm

275 Views

Post# 26219339

new presentation

Well I guess its a month old now but page 2 shows that they are targeting producing assets to fund further exploration? Thought that was kind of interesting. Looks like dead money at the moment as does most of the sector, going to need some really good news to turn this thing around. Anybody still here?

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