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Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

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

Bullboard Posts
Comment by tadjames1on May 11, 2020 3:45pm
285 Views
Post# 31013624

RE:RE:RE:RE:New presentation ...

RE:RE:RE:RE:New presentation ...My actual target is also a dollar and I have a ton of shares. Been accumulating for about 4 years. It could work out that they do sell the company in about a year as it will take almost that long to drill and process the results from 11/12B. So maybe everything goes at once. I would hate to see AOI buy us and it's kind of a conflict of interest in my books. Plus we would probably get some AOI shares and I am staying away until they get it together. Rather see a cash deal or cash and shares of a large and stable company.
Bullboard Posts