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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum 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... see more

TSXV:AFE - Post Discussion

Africa Energy Corp > Could south africa be the stupiest country in the world?
View:
Post by Harel1976 on Jul 02, 2024 10:02am

Could south africa be the stupiest country in the world?

Top 5 for sure...
Afe could find itself with 100% wi in two of the biggest gas finds in the last decade, though i believe total wont give up the block..
Could be part of a deal to compensate total for commercial terms that are negotiated..
Any way, for now afe is up to 13% WI for free...
The market might be moving the wrong way..
Answers in 30 days..
(: gla
Comment by Suppe11 on Jul 03, 2024 6:34am
Total wants to quit too...Ng not commercia https://www.bloomberg.com/news/articles/2024-07-02/totalenergies-plans-to-exit-south-african-offshore-gas-finds?sref=f2E6A62x Afe would be finished then, Imho.
Comment by hikari on Jul 03, 2024 9:23am
When even Total is talking about an exit from this block, it must be very fishy  , delicate and / or difficult down there in South Africa.??? Is the SA Market too small or is the reservoir too small for an exporting LNG floating facility? ,.................. TotalEnergies to exit gas discoveries offshore South Africa to focus on Namibian exploration "TotalEnergies SE plans to exit ...more  
Africa Energy Corp