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 > An Astute Observation

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Comment by cjohansen76on Feb 08, 2023 2:17am

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RE:RE:RE:RE:RE:RE:An Astute Observation

And Richard is back! Weren't you just banned again for bashing on CEO.ca? AFE started trading as a shell in 2015 (8 years ago). There are no guarantees in frontier exploration, but having two big discoveries is not a bad track record. Lundin and management are among the largest shareholders, so we're all in the same boat, waiting for the best exit.

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