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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 > EOG up 6% today, AFE down 2.6%
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Comment by silverlinenson Nov 26, 2022 10:25am
67 Views
Post# 35130505

RE:RE:RE:RE:RE:EOG up 6% today, AFE down 2.6%

RE:RE:RE:RE:RE:EOG up 6% today, AFE down 2.6%It would if we didn't have 150000000000000 shares already. 3000000000000000 after financing 11b/12b development and the exploration wells you propose. For what? What makes sense is get bought out and get shares in a proper run company. Annual $50 mm chump change on this share structure is total nonsense.
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