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 tecnica1on Sep 07, 2018 7:01am

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Post# 28577560

RE:RE:RE:Level 2

Horn shares were spun off out of AOI and went on to drill 2 dusters in Somalia. There was an incredible amount of hype on this board because AOI was riding high on the success of its initial opening well or wells in Kenya. There wasn’t a lot of outstanding shares then and half of em were held by AOI and I believe the share price spiked as high as $2.00 for a couple day before it collapsed.

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