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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 Harel1976on Aug 01, 2024 6:40am
390 Views
Post# 36157684

RE:The future....

RE:The future....brulpada and luiperd hold in access of 2 billion boe, could make afe the most undervalued stock in the world, though the risk is their the upside of getting a production permit means unlocking a 4 billion us$ value of gas condensate in the ground.
but first afe needs to get the approval of its increased 100% WI from the government.
dont forget this gas is a part of the official transition plan of SA and pollitical obsteacles will be solved in time.
the engineering problems are not that bad, total have already worked on a DP and was eager for years to advance this high quality find, its only political issues that needs to be solved..
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