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 > Cheerleader

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Comment by papaloapanon Nov 07, 2022 1:06pm

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Post# 35079352

RE:RE:RE:RE:RE:Cheerleader

I was mistaken on the 10 year time frame. 10 years ago goes back to the Puntland/Somalia/Horn Petroleum days. and the stock dropped from about1.8 to .28 in 2012. Those were heady days when the market placed excessive values on frontier explorers; Africa Oil was up to about $10. Since then howver - for the past 9.5 years - the statement is true.

In my opinion, it is the nature of frontier exploration, and the forward looking focus is they have something in 11/12, and may have something in Gazania.

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