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 > afe long time shareholder wonder how they will roll it back

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Comment by Gambrinuson Oct 28, 2024 10:05am

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RE:RE:afe long time shareholder wonder how they will roll it back

They need to do something! A delisting is in the future. If we get positive news it may boost the share price enough but if not we will be delisted from the Venture exchange (Not sure of delisting rules for other exchanges in Europe).

A 10/1 Reverse split will not be sufficient. It will likely be 20/1 or more.

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