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 pennyoilkingon Nov 07, 2019 8:02pm

113 Views

Post# 30324669

RE:RE:RE:Insider buying

Nice write up by Pareto, but I don't see any need to raise cash until after the next well is drilled! Looks like a sure thing and it's supposed to be likely more oil bearing than Brulpadda. Now if it's going to be a 3-4 well program starting in January then, they can do a small $15 million dollar raise at .30 cents and sell the Company for $1.00 US after the first well or 2 hit, otherwise,
the price just keeps going UP!!!!!

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