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 Dave4444on Jan 16, 2020 5:55pm

138 Views

Post# 30562535

RE:RE:Attending investor conference - NEWS

So just exactly how do you determine AFE is undervalued. At today's market cap. of about $240 million for a 4.9% interest in the drill program. That values the discovery at about $5 billion based on just one drill hole. Does not sound over valued to me.

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