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

Bullboard Posts

Post by Harel1976on Oct 28, 2020 6:56am

190 Views

Post# 31794141

"bad news flow"

aec in stockholm is down 26%.
the impact dilution is bad news, a way to keep it all in the "family" on expance of PI's.
might be that the quick move to fid will require cash and thats the reason for the equity.
the halt of exploration being considered as bad news, ill sign here and now for that kind of bad news in all my investments.
everybody hoped for fast money but that is not the case, afe is a fly on the bulls back and all you need to do is keep your position, this might end up being a much better way to creating value.

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