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Africa Energy Corp

Energy CA AFE

0.055CAD
0.005(10.00%)

Last update at 2024-07-25T13:30:00Z

Day Range

0.060.06
LowHigh

52 Week Range

0.090.19
LowHigh

Fundamentals

  • Previous Close 0.05
  • Market Cap154.86M
  • Volume2000
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-5.01700M
  • Revenue TTM0.00000M
  • Revenue Per Share TTM-
  • Gross Profit TTM 0.00000M
  • Diluted EPS TTM-0.01

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -20.77200M 21.56M -4.26300M -4.51800M -13.08500M
Minority interest - - - - -
Net income -20.77200M 21.56M -4.26300M -4.51800M -13.08500M
Selling general administrative 5.77M 5.46M 4.36M 4.86M 5.23M
Selling and marketing expenses - - - - -
Gross profit -0.01400M -0.03200M -0.03200M -0.01600M -0.02000M
Reconciled depreciation 0.01M 0.03M 0.03M 0.02M 0.02M
Ebit -20.50000M -5.20000M -4.15500M -4.72600M -4.91800M
Ebitda -20.74700M -5.46500M -4.35700M -4.50200M -5.22600M
Depreciation and amortization - - - - -
Non operating income net other - - - - -
Operating income -6.13400M -5.49700M -4.38900M -4.87400M -5.24600M
Other operating expenses - - - - -
Interest expense 0.01M 0.00000M 0.00000M 0.00000M 0.04M
Tax provision - - - - -
Interest income 0.10M 0.03M 0.14M 0.08M 0.56M
Net interest income 0.09M 0.03M 0.14M 0.08M 0.56M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - - - - 0.00000M
Total revenue 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total operating expenses 6.13M 5.50M 4.39M 4.87M 5.25M
Cost of revenue 0.01M 0.03M 0.03M 0.02M 0.02M
Total other income expense net -14.72500M 27.03M -0.01800M 0.28M -8.39700M
Discontinued operations - - - - -
Net income from continuing ops -20.77200M 21.56M -4.26300M -4.51800M -13.08500M
Net income applicable to common shares -20.77200M 21.56M -4.26300M -4.51800M -13.08500M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 257.42M 267.24M 244.03M 41.91M 44.30M
Intangible assets - 6.53M 7.17M 7.02M 6.82M
Earning assets - - - - -
Other current assets - - - - -
Total liab 8.39M 1.68M 1.80M 0.46M 0.08M
Total stockholder equity 249.03M 265.56M 242.24M 41.44M 44.22M
Deferred long term liab - - - - -
Other current liab - - - - -
Common stock 360.61M 358.44M 357.90M 152.65M 152.48M
Capital stock 360.61M 358.44M 357.90M 152.65M 152.48M
Retained earnings -121.69500M -100.92300M -122.48700M -118.22400M -113.70600M
Other liab - - - - -
Good will - - - - -
Other assets - 247.93M - - -
Cash 6.79M 10.85M 19.64M 2.41M 3.01M
Cash and equivalents - - - - -
Total current liabilities 3.39M 1.68M 1.80M 0.44M 0.08M
Current deferred revenue - - - - -
Net debt - - - - -
Short term debt - - - - -
Short long term debt - - - - -
Short long term debt total - - - - -
Other stockholder equity - - - - -
Property plant equipment 0.01000M 0.02M 0.04M 0.07M 0.02M
Total current assets 7.25M 11.15M 19.99M 2.56M 3.27M
Long term investments 250.16M 249.54M 216.84M 32.26M 34.18M
Net tangible assets 249.03M 259.04M 235.07M 34.42M 37.40M
Short term investments - - - - -
Net receivables 0.34M 0.19M 0.15M 0.06M 0.06M
Long term debt 5.00M - - - -
Inventory - - - - -
Accounts payable 3.39M 1.68M 1.78M 0.41M 0.08M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - 39.35M 41.02M
Deferred long term asset charges - - - - -
Non current assets total 250.17M 256.09M 224.04M 39.35M 41.02M
Capital lease obligations 0.00000M 0.00200M 0.02M 0.05M -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.46900M -5.63500M -33.31000M 2.18M -35.29800M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -7.21700M -5.00100M -32.00100M 2.04M -39.88900M
Net borrowings - -0.03300M -0.03300M -0.01400M -0.01400M
Total cash from financing activities 6.22M 0.29M 52.59M 0.08M 44.09M
Change to operating activities -0.01600M -0.04500M -0.28800M 0.38M -0.71300M
Net income -20.77200M 21.56M -4.26300M -4.51800M -13.08500M
Change in cash -4.05800M -8.79100M 17.23M -0.60100M -0.12300M
Begin period cash flow 10.85M 19.64M 2.41M 3.01M 3.13M
End period cash flow 6.79M 10.85M 19.64M 2.41M 3.01M
Total cash from operating activities -3.02200M -4.03800M -3.35300M -2.75300M -4.28800M
Issuance of capital stock 1.22M 0.32M 54.58M 0.10M 45.20M
Depreciation 14.69M 0.03M 0.03M 0.02M 0.02M
Other cashflows from investing activities 1.41M -0.00900M 1.45M 0.07M -4.47900M
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock - - - - -
Other cashflows from financing activities 5.00M 5.00M -1.95500M -1.95500M -1.10400M
Change to netincome 3.08M -25.58900M 1.17M 1.37M 9.49M
Capital expenditures 0.00200M 0.00200M 0.00200M 0.00500M 0.00300M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -0.01600M -0.04500M -0.28800M 0.38M -0.71300M
Stock based compensation 3.03M 1.44M 1.14M 1.64M -
Other non cash items - 0.00200M 0.00400M 0.00200M -
Free cash flow -11.26100M -4.23800M -3.49700M -2.96200M -4.43300M

Peer Comparison

Sector: Energy Industry: Oil & Gas E&P

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to EBITDA (x)
AFE
Africa Energy Corp
0.005 10.00% 0.06 - - - 0.47 -8.097
LOU
Lucero Energy Corp
-0.01 1.75% 0.56 6.75 6.75 1.73 0.71 1.06 2.00
ALV
Alvopetro Energy
-0.05 1.02% 4.85 5.27 3.93 3.88 1.93 3.55 4.59
RECO
Reconnaissance Energy Africa Ltd
0.03 2.88% 1.07 - - 45.00 2.83 6.85 -5.3673
FO
Falcon Oil & Gas Ltd.
-0.005 4.35% 0.11 - - 88769.75 3.05 80428.51 -39.5332

Reports Covered

Stock Research & News

Profile

Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. The company focuses on potential gas condensate development on Block 11B/12B offshore in South Africa. It holds interest in the Block 2B offshore the Republic of South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp. in March 2015. Africa Energy Corp. is headquartered in Vancouver, Canada.

Africa Energy Corp

885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8

Key Executives

Name Title Year Born
Mr. Garrett Soden Pres, CEO & Director 1974
Mr. Jeromie J. Kufflick C.A. Chief Financial Officer 1976
Mr. Jan Maier VP of Exploration 1954
Ms. Ronda L. Fullerton Sec. 1969

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