Afentra

Africa Energy Transition (Afrentra plc) is an oil and gas company focused on acquiring and developing assets in sub-Saharan Africa. The company has interests in production and exploration assets offshore Angola and the Republic of the Congo.

Afentra's key assets include a 30% interest in Block 3/05 and a 21.33% interest in Block 3/05A, both located offshore Angola. These blocks contain 2P reserves of 32.9 million barrels of oil equivalent (mmboe) net to Afentra's interest. First half 2023 net production from these assets averaged approximately 6,450 barrels of oil equivalent per day (boepd).

The company also has a pipeline of additional assets offshore West Africa which it is targeting through mergers and acquisitions. This includes the pending acquisition of Azule Energy's non-operated 16% interest in Block 3/05A, which would increase Afentra’s position to 21.33%.

Afentra aims to deliver value via enhancing production from existing assets, making additional acquisitions on assets with near-term production and exploration upside, and providing compelling investment opportunities on hydrocarbon resources base in Africa with a material M&A pipeline.