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.

TSXV:AFE - Post by User

Africa Energy Corp > Pareto Research Update on AFE

<< Previous

Bullboard Posts

Next >>

Comment by papaloapanon Sep 04, 2022 5:09pm

225 Views

Post# 34941023

RE:Pareto Research Update on AFE

Trying to understand Pareto's number ..

A current unrisked value of 11b.12b of 4.5 SEK (US$0.42) and the value of current discoveries 2.8 SEK (US 0.26).

Current unrisked value of Gazania at 3sek ($0.28) and could double stock price with a hit.

We have 10% of 11b/12b with 3.4 trillion cft of gas (586mm boe and likely much more having drilled only 2 of 5 planned wells) and 27.5% of Gazania with possibly 300mm bbly oil.

Apply % stakes to fields, Gazania is 82mm and 11/12b 58 mm - bbls, so Gazania is bigger for AFE, but also not a discovery.

Had always assumed 11/12 to be more important (and the exploration there has been minimal, so in time cojuld be) but for the moment Gazania is very important.

Makes you thin about how to play the family - including AOI and ECO.

<< Previous

Bullboard Posts

Next >>

The top TSX healthcare stocks under $1