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Home CompaniesAfrica Energy Corp

Africa Energy Corp

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.18 CAD -0.02 ( 10.00%)
Last update at 2026-11-03T17:26:00Z
VOLUME
1000
Market Cap
112.60M

Momentum Score

…

Africa Energy Corp. operates as an oil and gas exploration company in South Africa. The company focuses on potential gas condensate development on Block 11B/12B in offshore 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 based in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.18
Low
0.18
High
52 Week Price Range
0.04
Low
0.55
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Africa Energy Corp is a Canada-listed oil and gas exploration company with non-operated interests in offshore Namibia and South Africa. Long-term growth may be driven by exploration success, farm-outs or partner-funded project progress and higher oil prices, offering investors leveraged exposure to frontier offshore upside.

Principal risks are exploration failure, volatile commodity prices and consequent financing needs, and political or regulatory uncertainty in operating jurisdictions.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.20
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
0.05
ROE
-13.63%
Net Debt
8.05M
ROCE
-5.56%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -4.96M -100.61M -119.78M -20.77M 21.56M
Net income -4.96M -100.61M -119.78M -35.48M 48.65M
Selling general administrative 2.03M 1.82M 4.33M 5.77M 5.17M
Gross profit 0.00M -0.00M -0.01M -0.01M -0.03M
Reconciled depreciation 0.00M 0.00M 0.01M 0.01M 0.03M
Ebit - - - -6.05M -32.55M
Ebitda - - - -6.04M -32.52M
Depreciation and amortization - - - 0.01M 0.03M
Operating income -2.27M -2.02M -4.87M -6.05M -32.55M
Other operating expenses - - - 6.13M 5.50M
Interest expense 0.39M 1.23M 0.82M 0.01M 0.00M
Interest income 0.14M 0.08M 0.10M 0.10M 0.03M
Net interest income -0.25M -1.15M -0.72M 0.09M 0.03M
Income tax expense - - - 14.71M -27.09M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 2.27M 2.02M 4.87M 6.12M 5.46M
Cost of revenue 0.00M 0.00M 0.01M 0.01M 0.03M
Total other income expense net -2.44M -97.44M -114.19M -14.72M 54.12M
Net income from continuing ops -4.96M -100.61M -119.78M -20.77M 21.56M
Net income applicable to common shares - - - -20.77M 21.56M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 41.13M 42.58M 138.83M 257.42M 267.24M
Intangible assets - - - - 6.53M
Total liab 0.32M 10.65M 6.99M 8.39M 1.68M
Total stockholder equity 40.82M 31.92M 131.85M 249.03M 265.56M
Common stock - - 360.61M 360.61M 358.44M
Capital stock 378.28M 360.61M 360.61M 360.61M 358.44M
Retained earnings -347.04M -342.09M -241.47M -121.69M -100.92M
Other assets - - - - 247.93M
Cash 3.16M 2.31M 1.71M 6.79M 10.85M
Total current liabilities 0.32M 10.65M 0.16M 3.39M 1.68M
Net debt - 8.05M 5.12M - -
Short long term debt - 10.36M - - -
Short long term debt total - - 6.83M - -
Other stockholder equity - - 12.70M - -
Property plant equipment - - - 0.01M 0.02M
Total current assets 3.27M 2.43M 1.83M 7.25M 11.15M
Long term investments 37.86M 40.15M 137.00M 250.16M 249.54M
Net tangible assets - - - 249.03M 259.04M
Net receivables 0.07M 0.07M 0.06M 0.34M 0.19M
Long term debt - - 6.83M 5.00M -
Accounts payable - - - 3.39M 1.68M
Non current assets total 37.86M 40.15M 137.00M 250.17M 256.09M
Capital lease obligations - - - 0.00M 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -0.22M -0.58M -3.95M -0.47M -5.63M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities - - - -7.22M -5.00M
Net borrowings -5.32M 2.30M - - -0.03M
Total cash from financing activities 2.86M 2.30M 1.00M 6.22M 0.29M
Change to operating activities - - - -0.02M -0.04M
Net income -4.96M -100.61M -119.78M -20.77M 21.56M
Change in cash 0.85M 0.60M -5.09M -4.06M -8.79M
Begin period cash flow 2.31M 1.71M 6.79M 10.85M 19.64M
End period cash flow 3.16M 2.31M 1.71M 6.79M 10.85M
Total cash from operating activities -1.85M -1.11M -2.13M -3.02M -4.04M
Issuance of capital stock 8.32M - 0.00M 1.22M 0.32M
Depreciation 0.00M 0.00M 0.01M 0.01M 0.03M
Other cashflows from investing activities - - - 1.41M -0.01M
Change to account receivables -0.00M -0.01M - - -
Other cashflows from financing activities - - -3.95M 5.00M -5.00M
Change to netincome - - - 3.08M -25.59M
Capital expenditures 0.00M 0.00M 0.00M 8.24M 0.20M
Change in working capital 0.03M 0.14M 0.04M -0.02M -0.04M
Stock based compensation 0.25M 0.69M 2.59M 3.03M 1.44M
Other non cash items 0.39M 1.23M 0.82M 14.72M 0.00M
Free cash flow -1.85M -1.11M -2.13M -11.26M -4.24M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
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		 -0.02
10.00%		 0.18 - - - 2.00 -31.88
LGN
Logan Energy Corp		 0.01
1.01%		 1.50 15.00 14.99 3.80 1.96 5.87
RECO
Reconnaissance Energy Africa Ltd		 -0.02
3.85%		 0.50 - - 10.07 2.29 -7.57
CEI
Benchmark Metals Inc		 0.01
0.75%		 0.68 - 27.03 23.27 2.66 1369.65
EOG
Eco Atlantic Oil & Gas Ltd		 0.02
2.56%		 0.80 - 1.05 145.60 16.68 -25.23

Profile*

Africa Energy Corp

Africa Energy Corp. operates as an oil and gas exploration company in South Africa. The company focuses on potential gas condensate development on Block 11B/12B in offshore 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 based in Vancouver, Canada.

Park Place, Vancouver, BC, Canada, V6C 2X8

604-689-7842

https://africaenergycorp.com

3

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
Mr. James Robert Nicolella B.Sc., C.A. President, CEO & Director 1969
Ms. Ronda L. Fullerton Secretary 1969
Dr. Phindile C. Masangane Head of Strategy and Business Development & Director NA
Mr. James Robert Nicolella B.Sc., C.A. President, CEO & Director 1970

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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