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.

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Africa Energy Corp

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Post by FitInvestmenton Jan 11, 2022 10:22am

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Post# 34303291

Minutes of the call with Africa Energy mgmt on 10 Jan 22

 		There will be a lot of traction for Africa Energy (AEC) in 2022.

 		During 2022 AEC will get into a position to be able to sell its major asset 11B/12B.
 		
 		I believe that the market value of 11B/12B stake is multiple time higher than AEC market capitalization today.

 		Should be a good year for AEC shareholders. Full detailed minutes link below
 		
 		https://fitinvestmentideas.com/2022/01/11/africa-energy-minutes-from-the-call-with-the-management/