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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

Post by tadjames1on Sep 22, 2021 3:35pm
135 Views
Post# 33899730

If they drill again in Paddavisse

If they drill again in Paddavisse If AFE decides to drill more wells around 11/12B and need to raise more cash, will they be smart enough to raise at a much higher level ? For example, let's say 2B is a success and the stock runs up. That would be the time and not wait till the Swedes with weak hands sell off after they make a few pennies. G. Slodum likes to dilute though so who knows.
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