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 > South Africa and Gas to Power...hopefully sooner than later.

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Comment by Harel1976on May 04, 2024 5:10pm

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Post# 36023509

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

1.25$ is a fair value for boe in the ground while project is stuck due to regulations and political complications, the value of a boe that is fdp/fid in such an economic, fast track, tie in to existing infrastructure is 4$ a boe min'.
The gap will close as the project advances. Beginning with inking the new bill, to commercial agreemenrs and fid.
Other prospects are the bonus.

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