Africa Energy Corp. (HPMCF) Research
Africa Energy Corp. is an oil and gas company primarily engaged in exploration and production endeavors within South Africa and Namibia. The firm holds several key interests, including a 27.5% participating stake in the offshore Block 2B Exploration Right, which spans an area of 3,062 square kilometers situated off South Africa's western coastline. Additionally, it maintains a 43.85% share in Petroleum Exploration License 37 (PEL 37), encompassing 17,295 square kilometers in the northern offshore waters of Namibia. A significant 49% interest is also vested in the Block 11B/12B Exploration Right, covering roughly 19,000 square kilometers within the Outeniqua Basin, off South Africa's southern coast. Initially known as Horn Petroleum Corporation, the company adopted its current name, Africa Energy Corp., in March 2015. Established in 2010, its corporate headquarters are located in Vancouver, Canada.
Market snapshot
- Symbol
- HPMCF
- Price
- $0.14
- Day change
- 0.00%
- Market cap
- $66.0M
- P/E ratio
- -14.34x
- 52-week range
- 0.071-0.383
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Next earnings
- in 2 months
Peer companies
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