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Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

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

Comment by Ebenizer3on May 04, 2024 10:40am
169 Views
Post# 36023154

RE:RE:South Africa and Gas to Power...hopefully sooner than later.

RE:RE:South Africa and Gas to Power...hopefully sooner than later.try the latest presentation which is I believe may 2023, Luiperd and Brulpadda is predicted at around $1.25 boe with over 1 billion bbl boe, AFE currently has 1.4 bil shares you could put a $1.00 on it if it made it all the  way to production but after listening  to AOI comments thats highly unlikely, but don't forget you have three drill ready prospects with high degree of confidence and predicted to be more liquid. Just waiting on these crazy people who apparently love rolling black outs.
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