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 [...]
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 [...]
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