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 [...]
Africa Energy Corp. announces financial and operating results for the three and six months ended June 30, 2023. OUTLOOK The Block 11B/12B1 joint venture has applied for the Production Right and is contemplating an early production system for a phased development of the Paddavissie Fairway. The EPS would provide first gas and condensate production from the Luiperd discovery and would accelerate the Block 11B/12B [...]
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. The Board of Directors would like to thank Mr. William Lundin upon his resignation for his invaluable contribution and support since joining the Board in 2021. A total of 937,267,913 common shares were voted at the meeting, representing 66.58% of the votes [...]
Africa Energy Corp. announces the appointment of Robert Nicolella as Chief Executive Officer to replace Garrett Soden effective June 22, 2023, following the Company's annual shareholder meeting. As previously announced, Mr. Soden is expected to be appointed Chairman of the Board on June 22, 2023, following the departure of William Lundin. View PDF version William Lundin, Chairman of Africa Energy, said, "We look forward [...]
Africa Energy Corp. is pleased to announce that its Annual General and Special Meeting of Shareholders will be held in Canada on Thursday, June 22, 2023, at 9:00 am at Suite 2000, 885 West Georgia Street, Vancouver, British Columbia, V6C 3E8 for the following purposes: To receive the consolidated audited financial statements and accompanying management discussion and analysis of the Company for the year ended December 31 [...]
Africa Energy Corp. , an oil and gas exploration company, announces a corporate update and reports financial and operating results for the three months ended March 31, 2023. View PDF Version CORPORATE UPDATE Africa Energy's Chairman of the Board, William Lundin, will step down from the board at the Annual General Meeting on June 22, 2023, in order to comply with industry corporate governance guidelines regarding the [...]
VANCOUVER, BC, March 30, 2023 /CNW/ - Africa Energy Corp. , an oil and gas exploration company, has granted incentive stock options to certain directors, officers, employees and other eligible persons of the Company to acquire 19,180,000 shares of the Company at an exercise price of CAD$0.17 per share. The options are exercisable, subject to vesting provisions, over a period of five years. View PDF version. About Africa [...]
Africa Energy Corp. , an oil and gas exploration company, announces financial and operating results for the year ended December 31, 2022. View PDF version Garrett Soden, the Company's President and CEO, commented: "The Block 11B/12B joint venture has applied for the Production Right and is advancing the proposed Luiperd gas condensate development to support South Africa's energy transition. The Company expects the [...]
Africa Energy Corp. announces that the Company's Chief Financial Officer, Jeromie Kufflick, will be presenting at the SpareBank 1 Markets 2023 Energy Conference in Oslo, Norway on Wednesday, March 1, 2023, at approximately 2:45pm Central European Time. View PDF version. Investors can watch a live webcast of the presentation by registering for the conference at: http://sb1menergyconference.com/ A copy of the presentation [...]
Africa Energy Corp. announces that the Company's President and Chief Executive Officer, Garrett Soden, will be presenting at the Pareto Securities E&P Independents Conference in London, England on Wednesday, January 18, 2023, at approximately 11:10am Greenwich Mean Time. View PDF Version A copy of the presentation will be available on Africa Energy's website below. About Africa Energy Corp. [...]
Africa Energy Corp. announces that it has secured a US$5 million credit facility from Africa Oil Corp. , Deepkloof Limited and Lorito Holdings S.à.r.l. . View PDF Version Jeromie Kufflick, Africa Energy's CFO, commented: "We are grateful for the continued support of our key shareholders demonstrated by this bridge loan facility. The funding allows us to minimize shareholder dilution while we advance the proposed [...]