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 > Pareto Securities Report

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Comment by SBakeron Oct 29, 2020 4:42am

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Post# 31801595

RE:RE:Pareto Securities Report

Thanks to Gimo for posting.........the key is in the top right hand corner.........

The Broker has a share price target of 4.0 SEK and a Buy recommendation........

The price after yesterdays carnage was 2.4SEK

The Broker believes the share price has scope to grow.

We can discuss FPSO's, pipelines, water contacts, AVO hotspots etc etc but the crux for us all is that the Broker believes this is a buy opportunity.

I still wish everyone good luck.

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