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Afentra ( (GB:AET) ) has issued an announcement.
Afentra plc has been awarded a 45% non-operating interest in the KON-15 onshore license in Angola’s Kwanza basin, following a Presidential Decree. This award is part of Afentra’s strategy to establish a significant presence in Angola’s energy sector, reinforcing its commitment to building partnerships with local operators like Sonangol. The KON-15 license, along with the previously awarded KON-19, is expected to offer significant potential for Afentra, given the historical production in the basin and the limited activity over the past 40 years.
More about Afentra
Afentra plc is an upstream oil and gas company focused on acquiring production and development assets in Africa. The company aims to support a responsible energy transition in Africa by partnering with international oil companies and host governments. Afentra holds interests in various blocks in Angola’s Lower Congo Basin and Kwanza Basin, as well as in Somaliland.
YTD Price Performance: -4.34%
Average Trading Volume: 631,574
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £99.73M
Learn more about AET stock on TipRanks’ Stock Analysis page.