Africa Energy Corp. , an oil and gas exploration company, announces corporate update and financial and operating results for the three and nine months ended September 30, 2024. View PDF version FINANCIAL AND OPERATIONAL UPDATE The Company's financial results for the nine months ended September 30, 2024 have been negatively impacted by a US$97.4 million non-cash loss on revaluation of our investment in Block 11B/12B, which [...]
Africa Energy Corp. has engaged Bergs Securities AB as its certified advisor on the Nasdaq First North Growth Market in Stockholm, replacing Aktieinvest FK AB. View PDF version About Africa Energy Corp. Africa Energy Corp. is a Canadian oil and gas exploration company focused on South Africa. The Company is listed in Toronto on TSX Venture Exchange and in Stockholm on Nasdaq First North Growth Market . Important [...]
Africa Energy Corp. announces that the joint venture partners in respect of Block 11B/12B, Offshore the Republic of South Africa, have obtained an extension to the deadline for the submission of the Environmental Impact Assessment Report to May 19, 2025. View PDF version In light of the withdrawal of the joint venture partners as announced July 29, 2024, the Company is currently assessing the best way forward in respect [...]
Africa Energy Corp. , an oil and gas exploration company, announces corporate update and financial and operating results for the three and six months ended June 30, 2024. View PDF version FINANCIAL AND OPERATIONAL UPDATE The Company's financial results for the six months ended June 30, 2024 have been negatively impacted by a US$70.2 million non-cash loss on revaluation of our investment in Block 11B/12B, which was due to [...]
Africa Energy Corp. announces that TotalEnergies EP South Africa B.V. and QatarEnergy International E&P LLC have provided notice to the joint venture partners that they will withdraw from their 45% and 25% interest, respectively, in accordance with the joint operating agreement in respect of Block 11B/12B, Offshore the Republic of South Africa . View PDF version As previously announced on July 1, 2024, CNR International [...]
Africa Energy Corp. announces that CNR International Limited has provided notice to the joint venture partners that it will withdraw from its 20% interest in accordance with the joint operating agreement in respect of Block 11B/12B, Offshore the Republic of South Africa . View PDF version Under the JOA, the other parties to the joint venture may advise whether or not they will also withdraw within 30 days. Withdrawing [...]
Africa Energy Corp. held its annual general and special meeting of shareholders in Vancouver, British Columbia today , and all resolutions were passed. View PDF version Shareholders voted as follows on the matters before the meeting: Election of Directors Shareholders elected the following six board members to serve on the Company's board of directors until the next annual meeting of shareholders or until their successors [...]
Africa Energy Corp. is pleased to announce that its Annual General and Special Meeting of Shareholders will be held in Canada on Thursday, June 20, 2024, at 9:00 am at Suite 2500, 666 Burrard Street, Vancouver, British Columbia, V6C 2X8 for the following purposes: View PDF version To receive the consolidated audited financial statements and accompanying management discussion and analysis of the Company for the year ended [...]
Africa Energy Corp. , an oil and gas exploration company, announces corporate update and financial and operating results for the three months ended March 31, 2024. View The Company's financial results for the three months ended March 31, 2024, have been negatively impacted by a US$23.1 million non-cash loss on revaluation of our investment in Block 11B/12B, which was due to changes in base assumptions for discount rates [...]
Africa Energy Corp. announces financial and operating results for the year ended December 31, 2023. View PDF version Rob Nicolella, Chief Executive Officer of Africa Energy, said, "Our year end results have been negatively impacted by a US$114.2 million non-cash loss on revaluation of our investment in Block 11B/12B, which was due to changes in base assumptions for discount rates, future development costs and future [...]
Africa Energy Corp. announces financial and operating results for the three and nine months ended Sept 30, 2023. View PDF Rob Nicolella, Chief Executive Officer of Africa Energy, said, "We are encouraged by the focus within the government of South Africa to resolve the current energy crisis and the requirement for natural gas to play a critical role in the energy transition." On March 6, 2023, the President of South [...]
Africa Energy Corp. announces that it has amended its existing credit facility, increasing the amount available from US$5.0 million to US$8.3 million and extending the maturity date to March 31, 2025 with Africa Oil Corp., Deepkloof Limited, Lorito Doraline, Lorito Floreal, Lorito Arole and Lorito Orizons. Jeromie Kufflick, Africa Energy's CFO, commented: "We are grateful for the continued support of our key shareholders [...]
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