Africa Energy (AFE) has notable insider buying

Africa Energy (V:AFE)

Africa Energy Corp. (AFE) has a high amount of executive buying compared to its small-cap peers over the past three months. Willem Adrian Nel, a Director, acquired 350,000 Common Shares on a direct ownership basis at a price of $0.176 through the public market on December 20th, 2017. This represents a $61,775 investment into the company's shares and an account share holdings change of greater than 100%.

Africa Energy Corp. (Africa Energy), formerly Horn Petroleum Corporation, is a Canada-based exploration-stage international oil and gas exploration and development company. The Company focuses on the BLOCK 2B in South Africa. Block 2B covers approximately 4,360 square kilometers of the South African Western offshore approximately 300 kilometers north of Cape Town. Block 2B is an under explored, shallow water area off the west coast of South Africa containing a proven hydrocarbon-bearing rift basin.