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 Schreibzeyon Oct 28, 2020 6:13pm

126 Views

Post# 31800153

RE:RE:Why is everyone asking why the price is down, and nobody is

There also aren't figures for the number of equivalent barrels listed yet either. Let's also address ODs point, how does the gas get to market 175km away in rough seas? Total wouldn't be spending all of this money if they don't think it's feasible, but for my benefit, how are they going to get this gas to market?

Bullboard Posts

Two micro-cap stocks with strong fundamentals