Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, announces the successful closing of the equity issue of 509,092,771 common shares in the Company to Impact Oil & Gas Limited pursuant to the terms of a subscription agreement between the Company and Impact dated August 24, 2020, previously announced in news releases dated August 24, 2020 and September 22, 2020. View PDF [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, announces financial and operating results for the three and nine months ended September 30, 2020. View PDF version Garrett Soden, the Company's President and CEO, commented: "We now have two world-class discoveries with significant follow-on potential on Block 11B/12B offshore South Africa. The Luiperd drilling results [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce a significant gas condensate discovery on the Luiperd prospect located on Block 11B/12B offshore South Africa. This discovery follows the adjacent play-opening Brulpadda discovery in 2019, which proved a significant new petroleum province in the region. View PDF version. Garrett Soden, Africa [...]
Africa Energy Corp. is pleased to announce that it has closed its previously announced transaction pursuant to an investment agreement with Impact Oil & Gas Limited and Impact Oil & Gas SA Blocks 11B-12B Limited . Closing of the Company's investment in Impact 11B/12B in accordance with the Investment Agreement is the first stage in a series of transactions designed to increase the Company's effective interest in Block [...]
Africa Energy Corp. held its special meeting of shareholders in Vancouver, British Columbia today. View PDF version. At the special meeting, disinterested shareholders were asked to consider and, if deemed appropriate, approve matters related to the recently announced transactions with Impact Oil & Gas Limited and Arostyle Investments Proprietary Limited through which the Company will increase its effective interest in [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, announces the successful closing of the equity issue of common shares in the Company previously announced on September 21, 2020. The TSX Venture Exchange conditionally approved the Private Placement on September 23, 2020. View PDF version The SEK denominated Private Placement rendered gross proceeds of approximately USD [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, will host a virtual town hall meeting on Wednesday, September 30, 2020, at 18:00 CEST . View PDF version. Mr. Garrett Soden, President and CEO, and Mr. Jan Maier, VP Exploration, will present an update on the company's operations including the current exploration drilling program underway on Block 11B/12B offshore South [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, announces that it has successfully completed the book-building for the previously announced equity issue of common shares in the Company . View PDF version After upsizing from the original offer size of USD 25 million, the SEK denominated Private Placement is expected to result in aggregate gross proceeds of [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, announces that it intends to undertake an equity issue, on a private placement basis, of up to USD 25 million in newly issued common shares of the Company through an accelerated book-building process . View PDF version The Company retains the right to increase the size of the Private Placement at its discretion based on [...]
Africa Energy Corp. announces that a Special Meeting of Shareholders will be held in Canada on Thursday, October 15, 2020 at 9:00 am at Suite 2000, 885 West Georgia Street, Vancouver, British Columbia, V6C 3E8, in order to approve matters related to the recently announced transactions with Impact Oil & Gas Limited and Arostyle Investments Proprietary Limited through which the Company will increase its effective interest [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, announces that the Company's President and Chief Executive Officer, Garrett Soden, will be presenting the opening keynote address at Frontier's Africa E&P Virtual Summit today at 9:05 am British Summer Time. View PDF A copy of the presentation will be available on Africa Energy's website below. About Africa Energy Corp [...]
Africa Energy Corp. , an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce spud of the Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in February 2019. View PDF version Jan Maier, Africa Energy's VP Exploration, commented: "The Outeniqua Basin offshore South Africa remains an under-explored [...]
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