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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 tdon1229on Aug 14, 2021 3:05pm
138 Views
Post# 33706406

RE:Sale behind the corner…

RE:Sale behind the corner…
Splinnter wrote: <p> In the video of Rick Rule where he interviewed many CEO&#39;s of Lundin Companies an interesting question arose. Dilution is typically bad when you are an investor. Yet, the Lundin Family manages to monetise Tier 1 deposits and still reward the shareholders.</p> <p> This will be demonstrated by AOI for those who have seen the Q2 earning report but also for AFE if you have patience. AFE never made a secret about it that they will sell at the right price at the right moment.&nbsp;</p> <p> <br /> <span style="-webkit-text-size-adjust: auto; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: UICTFontTextStyleBody; font-size: 23px;"><span dir="ltr">https://seekingalpha.com/article/4444974-africa-energy-backed-by-total-asset-sale-behind-the-corner-to-triple-your-capital</span></span></p>
<br /> <br /> The private Impact Oil is AFE&#39;s largest owner at 37%, so it&#39;s likely they won&#39;t lack for a buyer, especially if the Venus well works out.<br /> <br />
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