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An announcement from Afentra ( (GB:AET) ) is now available.
Afentra has reported a more than fourfold increase in its 2C working interest contingent resources to 87.3 million barrels of oil equivalent across Angola’s offshore Blocks 3/05, 3/05A and 3/24, following an independent audit by Sproule ERCE and internal assessments of recently awarded acreage. The upgrade, driven by undeveloped discoveries and early evaluations of Block 3/24, underlines substantial upside beyond currently booked volumes and is set to be further tested by a planned 2026–27 infill drilling and heavy workover campaign on the producing Block 3/05 fields, alongside efforts to mature near-field discoveries and onshore Kwanza Basin opportunities, potentially strengthening Afentra’s production profile and growth trajectory in Angola.
The most recent analyst rating on (GB:AET) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on Afentra stock, see the GB:AET Stock Forecast page.
Spark’s Take on GB:AET Stock
According to Spark, TipRanks’ AI Analyst, GB:AET is a Outperform.
Afentra’s overall stock score is driven by its strong financial performance and attractive valuation, indicating a solid investment potential. However, technical analysis suggests caution due to bearish momentum. The company’s strategic initiatives and corporate events further bolster its growth prospects, contributing positively to the score.
To see Spark’s full report on GB:AET stock, click here.
More about Afentra
Afentra plc is an upstream oil and gas company focused on acquiring production and development assets in Africa to support a responsible energy transition. Listed on AIM, it holds non-operated and operated interests in multiple offshore blocks in Angola’s Lower Congo Basin, including the producing Block 3/05 and adjacent Blocks 3/05A and 3/24, as well as non-operated interests in onshore Kwanza Basin blocks KON15 and KON19 and offshore exploration Block 23.
Average Trading Volume: 559,642
Technical Sentiment Signal: Sell
Current Market Cap: £93.4M
For detailed information about AET stock, go to TipRanks’ Stock Analysis page.