Africa Energy Corp (TSXV: AFE) is one of this year’s Venture 50 companies — the company’s operations include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.

Backed by the Lundin Group of Companies, Africa Energy Corp has a proven technical and management team. The company drilled a basin-opening discovery offshore South Africa in 2019 and plan to drill up to four exploration wells offshore South Africa in 2020.

The 2020 Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking comprises 10 companies from each of the five industry sectors, selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume.

For the full 2020 Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit: www.tsx.com/venture50