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1、 African Energy Limited ABN 63 650 431 226 ACN 650 431 226 Annual Report 2022 AFRICAN ENERGY LIMITED Directors report 30 June 2022 2|P a g e The directors present their report,together with the financial statements,on the consolidated entity(referred to hereafter as the consolidated entity)consistin
2、g of African Energy Limited(referred to hereafter as the Company or Parent Entity)and the entities it controlled at the end of,or during,the period from incorporation on 24 May 2021 to 30 June 2022(“Period”).Directors The following persons were directors of African Energy Limited during the whole of
3、 the period and up to the date of this report,unless otherwise stated:Alasdair Cooke(appointed 24 May 2021)Charles(Frazer)Tabeart(appointed 24 May 2021)Valentine Chitalu(appointed 24 May 2021)Daniel Davis(appointed 24 May 2021)Principal activities The principal activity of the Consolidated Entity du
4、ring the period was the development of power projects in southern Africa.Dividends No dividends have been paid or declared during the period.Review of operations The loss after tax for the consolidated entity amounted to$4,693,202;the net assets at 30 June 2022 were$154,659 and the cash outflows use
5、d in operating activities were$63,142 Significant changes in the state of affairs Nil Matters subsequent to the end of the financial year No matters or circumstances have arisen since the end of the financial period which have significantly affected or may significantly affect the operations,results
6、,or state of affairs of the consolidated entity in future financial years.Likely developments and expected results of operations Information on likely developments in the operations of the consolidated entity and the expected results of operations have not been included in this report because the di