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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 Aug 14, 2021 4:52pm
141 Views
Post# 33706529

RE:RE:Sale behind the corner…

RE:RE:Sale behind the corner…Totally agree there. The old man was the one who paved the way. Lukas has made tons of mistakes and just loves issuing shares. Lucara, AFE and SNM to name a few. They implemented a dividend in Luc way too soon and now they have to borrow money and issue shares for the underground. If they would have not had the Divi, they would have had all the cash. Just plain dumb.
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