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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 Harel1976on Oct 23, 2020 6:09pm
209 Views
Post# 31775271

RE:Share price prediction on sale of assets

RE:Share price prediction on sale of assetsIts very hard to value a barrel in the ground in this markets sentiment and poo when there are companies that get 0 value for their reserves, but having total as operator, the magnitude of the resources and the fast planned fid, I feel confident with a 3.5$\barrel in the ground (including other prospective resources). So if we end up with gross 1.5b barrels at brulpadda and luiperd thats 150m barrels net to afe, i think ~525m$(us) might be the market value.
Bullboard Posts