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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Comment by Empire82on Nov 21, 2017 3:08pm

183 Views

Post# 27005907

RE:RE:RE:RE:News out

well AOI is getting valued at pennies per barrel in the ground right now. I'm hoping during the euphoric discovery phase that AFE will get valued at higher than that. If you assume 2.4 billion barrels which might be on the optimistic side, value in the ground ranges from .37 cents to 1.50 a barrel just for this play. Now I need to go add in Block 2B and Namibia. This thing could very well hit $1 a share or higher in the next 12-18 months if things go well

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