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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 > Why afe is down?
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Comment by GoJerez2on Nov 01, 2020 5:40am
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Post# 31819712

RE:RE:RE:RE:Why afe is down?

RE:RE:RE:RE:Why afe is down? The only potential lift will be if the flow rates are excellent and have significant liquids associated with it. They need to be huge to get the excitement back.
Theoretically, 75metres of qaulity reservior will produce at great rates.
Sadly we are tied to Total and their plans for the play which are different than AFEs
Total can wait forever, AFE needs to promote activity

just my 2 cents...btw i came in just after the pleacement
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