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    Oil & Gas Exploration & Production
Africa Energy Corp.

Africa Energy Corp.

HPMCF
Africa Energy Corp.US flagOther OTC
0.15
USD
- -
- -
71.87MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
0.11
-4.77
-0.13
-0.08
-0.07
-0.12
-0.03
-0.02
0.08
-0.07
-0.43
-0.36
- -
-0.01
Free Cash Flow per Basic Share
-0.18
-0.14
-0.1
-0.1
-0.07
-0.04
-0.02
-0.02
-0.02
-0.01
-0.01
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.66
-0.1
0.12
0.24
0.12
0.35
0.25
1.35
0.92
0.85
0.42
0.07
- -
0.06
Tangible Book Value per Share
0.2
0.07
0.28
0.2
0.09
0.33
0.25
1.35
0.93
0.89
0.47
0.11
- -
0.08
Basic Weighted Avg Shares
19
19
24
51
64
112
137
175
279
280
282
282
- -
479
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
2
-92
-3
-4
-5
-13
-5
-4
22
-21
-120
-101
-5
-5
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
4
1
7
10
-2
3
2
18
9
4
2
-8
3
2
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
7
- -
- -
- -
Total Equity
93
1
7
17
12
44
41
242
266
249
132
32
41
40
Return on Invested Capital (%)
-2
- -
- -
- -
- -
- -
- -
- -
-2.16
- -
- -
- -
- -
- -
Return on Capital (%)
2.47
- -
- -
- -
- -
- -
- -
- -
8.75
- -
- -
- -
- -
- -
Return on Common Equity (%)
2.47
- -
- -
-54.61
-47.45
-56.4
-12.34
-3.16
8.75
-8.37
-66.9
-146.17
-19.92
-13.71

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
479
479
479
Market Capitalization
64
33
103

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4
3
3
Cash, Cash Equivalents & STI
4
3
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
76.83%
-18.31%
27.87%
Free Cash Flow
6.16%
-3.7%
66.22%
Net Income, GAAP
-28.76%
-87.32%
-95.07%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
-0.17
-0.1
- -
-0.36
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
James Robert Nicolella
Full Time Employees
3
Sector
Energy
Industry
Oil & Gas Exploration & Production
Address
885 West Georgia Street Vancouver BC Canada V6C 3E8
IPO Date
Aug 3, 2012
Website
africaenergycorp.com
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Business
Africa Energy Corp. (TSXV: AFE; Nasdaq First North: AEC; OTC: HPMCF) is a Canadian oil and gas exploration company focused on offshore assets in South Africa and Namibia. The company holds a 75% participating interest through its subsidiary Main Street 1549 Proprietary Ltd. in Block 11B/12B offshore South Africa, which contains the significant Luiperd and Brulpadda gas condensate discoveries in the Paddavissie Fairway, and a 10% interest in Block 2B offshore South Africa; it also maintains interests in Petroleum Exploration License 37 offshore Namibia. Operations target gas condensate development, with plans for an early production system utilizing nearby Mossel Bay infrastructure to supply gas for power generation and liquid petroleum products, supporting South Africa's energy transition and base-load power needs amid the Integrated Resource Plan 2023's emphasis on over 7 gigawatts of new gas-to-power capacity. Founded in 2010 as Denovo Capital Corp. and renamed Africa Energy Corp. in March 2015 following its prior identity as Horn Petroleum Corporation, the company is headquartered in Vancouver, British Columbia, and forms part of the Lundin Group of companies. In May 2025, Africa Energy executed definitive agreements with Arostyle Investments (RF) Proprietary Ltd. to restructure ownership in Main Street, securing 100% of ordinary and Class B shares while settling inter-party loans and positioning for 75% control of Block 11B/12B following the withdrawal of prior joint venture partners in July 2024; the company paused its Environmental and Social Impact Assessment for Block 11B/12B in late 2025 pending review of a Western Cape High Court ruling on related offshore activities, with an extension granted to May 2026, and continues stakeholder engagements for offtake agreements alongside technical development scenarios.

Company News

APIChat

  • seekingalpha.com

    Africa Energy Corp. (HPMCF) Q2 2024 Earnings Call Transcript

  • seekingalpha.com

    Africa Energy Talks With Insiders - What Is Next?

  • seekingalpha.com

    Africa Energy: A New Lundin Group Venture That Is Worth Looking At

  • seekingalpha.com

    Orange Basin Is The New Guyana: Buy Africa Oil Stock To Profit From The Basin Opening

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    Africa Oil: Too Cheap To Ignore

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    Giant Hydrocarbons Discovery By Total And Africa Energy Better Than Expected