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Africa Energy AFE.V · CAD

Energy · TSX Venture · 🇨🇦 Canada

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0.18

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Close of 9 Nov 2026, in CAD

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About Africa Energy

Its shares trade on TSX Venture under the ticker AFE.V. It has been listed since 5 October 2010.

Africa Energy Corp. engages in the acquisition, exploration, and production of oil and gas properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2010-10-05. The firm focuses on the BLOCK 2B in South Africa. Block 2B covers approximately 4,360 square kilometers of the South African Western offshore approximately 300 kilometers north of Cape Town. Block 2B is an under explored, shallow water area off the west coast of South Africa containing a proven hydrocarbon-bearing rift basin.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Listed since
5 Oct 2010
Employees
8

Leadership

Pay as last reported

  • Mr. Robert NicolellaChief Executive Officer, Director, since 2023$212,000
  • Mr. Jeromie KufflickChief Financial Officer$301,545
  • Dr. Phindile MasanganeHead of Strategy and Business Development, Director, since 2025
  • Mr. Siraj AhmedIndependent Director$9,375
  • Mr. Johnny CopelynIndependent Director$8,750
  • Mr. Keith HillIndependent Director, since 2011$10,625
  • Mr. Larry TaddeiIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Headquartered in Vancouver, British Columbia with a focus on Block 2B in South Africa.
  • Employs 8 full-time employees with a clear focus on oil and gas exploration.
  • IPO date of 2010-10-05 provides historical market presence.

Weaknesses

  • Limited employee count of 8 full-time staff may restrict operational capacity.
  • Reliance on a single exploration block (Block 2B) increases business risk.
  • Under explored area with no proven production yet may lead to financial uncertainty.

Opportunities

  • Block 2B's under explored status offers potential for significant oil and gas discoveries.
  • Shallow water location in South Africa could reduce exploration costs compared to deep water.
  • Proven hydrocarbon-bearing rift basin in Block 2B suggests geological potential.

Threats

  • Under explored nature of Block 2B may lead to unsuccessful exploration efforts.
  • Geopolitical risks associated with operating in South Africa could impact operations.
  • Limited workforce may hinder the ability to respond to market changes effectively.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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