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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

Comment by tadjames1on Jan 21, 2021 6:05pm
190 Views
Post# 32355397

RE:RE:RE:where did everybody go

RE:RE:RE:where did everybody go All the things you mention they should be doing have already been in their corporate presentation's. They don't have to pay anything for the drilling of 2B, that's why they gave up a good percentage of ownership. You know that and it's called being carried. I say lazy because they find the easiest way possible to raise capital. They could have acquired a short term loan from the Lundin Group and then promoted the company, raising the share price and then a small financing to top up the kitty. Now we have 1.5 billion shares, wow ! That hurts everyone in my opinion. They could have been doing lots of virtual roadshows and never promote the company in N. America. That's another reason why I say, lazy.
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