Afentra Plc (GB:AET) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Afentra Plc has announced government approval for its acquisition of interests in two Angolan oil blocks from Azule Energy, with the deal set to finalize in Q2 2024. Additionally, the Punja Discovery Area within one of these blocks has been declared a marginal discovery, granting it fiscal incentives that boost its commercial value. CEO Paul McDade expresses confidence in the investment climate in Angola and Afentra’s commitment to growing production and reserves in the region.
For further insights into GB:AET stock, check out TipRanks’ Stock Analysis page.
