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HPMCF does not currently pay a dividend.
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Africa Energy Corp. engages in the acquisition, exploration, and production of oil and gas properties. It also operates a portfolio of exploration and production assets in Namibia and South Africa. The company was founded on April 27, 2010 and is headquartered in Vancouver, Canada.
Africa Energy Corp. (OTCPK:HPMCF) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Shahin Amini - IR Manager Roger Tucker - President and CEO Pascal Nicodeme - CFO Oliver Quinn - Chief Commercial Officer Conference Call Participants Teodor Sveen-Nilsen - SB1M Sander Nilsen - Fearnley Securities Kevin Fisk - Scotiabank David Round - Stifel Operator Hello everyone, my name is Sharon and I will be your conference operator today. At this time, I would like to welcome everyone to the Africa Oil Corp Q2 ‘24 Results Management Presentation.
Africa Energy announced that its partner in Block 11B/12B, CNR, intends to withdraw from the block and that the block operator, TotalEnergies, is considering its options. Africa Energy's share price reacted by dropping 75% on large trading volume. Investors are speculating that TotalEnergies will also withdraw after a Bloomberg article quoted a PetroSA source saying that TTE had already notified the government of its intention to withdraw.
Africa Energy is a Lundin Group company. Africa Energy is a development stage company that has the potential to convert to an operating upstream company.
Orange Basin Is The New Guyana: Buy Africa Oil Stock To Profit From The Basin Opening
Africa Oil Corp. released extremely encouraging quarterly earnings, but the market was blasé.