Afentra (GB:AET) has released an update.
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Afentra PLC reports significant operational and financial progress, with successful maintenance and upgrades at Block 3/05 leading to increased production rates. The company maintains a solid financial position with $37.4 million in cash and low net debt, thanks to strategic crude sales and hedging. Upcoming developments in the Kwanza Onshore Basin and a planned crude sale in Q4 2024 position Afentra for future growth.
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