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Afentra ( (GB:AET) ) has provided an announcement.
Afentra plc’s recent Competent Person’s Report highlights significant potential in Block 3/05, with a 140% reserve replacement ratio over 18 months, reflecting the ability of the assets to maintain and replenish reserves. With rig activities planned for 2026 and continued development of Block 3/05A, Afentra expects significant sustainable production and reserves growth, affirming the long-term value of these assets and their capacity to boost cash flow and value creation.
More about Afentra
Afentra plc is an upstream oil and gas company focused on opportunities in Africa, aiming to support a responsible energy transition by partnering with divesting IOCs and Host Governments. The company holds various non-operated interests in offshore and onshore blocks in Angola, including a 30% interest in Block 3/05, a 21.33% interest in Block 3/05A in the Lower Congo Basin, and a 40% interest in Block 23 in the Kwanza Basin. Additionally, Afentra has a 45% interest in Block KON 19 in the Onshore Kwanza Basin and a 34% carried interest in the Odewayne Block in Somaliland.
YTD Price Performance: 0.65%
Average Trading Volume: 582,742
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £104.9M
See more data about AET stock on TipRanks’ Stock Analysis page.
