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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  • CGX Energy Inc. (CGXEF)
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  • Echelon Resources Limited (NZEOF)
  • Chariot Limited (OIGLF)
  • Orca Energy Group Inc. (ORXGF)
  • Touchstone Exploration Inc. (PBEGF)

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