Mise à jour de l'entreprise
13 Mars 2024
AFENTRA SA
Mise à jour de l'entreprise
Afentra plc ('Afentra' or the 'Company') (AIM: AET), the upstream oil and gas company focused on acquiring production and development assets in Africa, provides the following update on its operations:
Mise à jour opérationnelle
Production performance on both Block 3/05 and 3/05A has been strong year to date with combined gross average production of ~23,700 bopd (Net: ~6,995 bopd1) for the period to the end of February 2024. The next program of Light Well Interventions is underway and we expect these to support current production levels.
The Company sold its first 2024 cargo of 450,000 bbls of crude oil in February 2024. The sales price inclusive of the Brent premium was $85/bbl, generating pre-tax sales2 of $38.2 million to Afentra.
Onshore License Round
Following the announcement by ANPG, which confirmed Afentra as preferred bidder for a 45% non-operated interest in both KON 15 and KON 19 onshore Angola, the Company is now reviewing the license documentation which will be negotiated over the coming months.
Approbation du gouvernement pour l'acquisition d'Azule
Afentra has received approval from the Angolan Competition Authority for the acquisition from Azule Energy Angola Production B.V. ('Azule') of a 12% non-operating interest in Block 3/05 and a 16.33% non-operating interest in Block 3/05A, offshore Angola (the 'Azule Acquisition') pursuant to a sale and purchase agreement between Azule and Afentra's wholly-owned subsidiary, Afentra (Angola) Ltd, dated 19 July 2023.
The Company awaits approval from the Minister of Mineral Resources, Petroleum and Gas and it is therefore now expected that the transaction will be completed in 2Q 2024. Afentra continues to benefit from the asset cashflow from the effective date of October 2022 and upon the completion of the transaction Afentra will provide details on the financing of the final completion payment, which will be positively impacted by the asset cashflow.
Commentant la mise à jour, le PDG Paul McDade a déclaré :
"The strong performance of the Block 3/05 and 3/05A assets has continued into 2024 and highlights the significant upside potential of these assets. We expect the Angolan government's approval of the Azule Acquisition to be given in the coming weeks, and this will enable us to proceed with the completion of our third transaction in the country, providing Afentra with meaningful exposure to both of these quality assets. In the meantime, we continue to benefit from the strong asset cashflows from both our existing interests and the Azule interests and this will be reflected in the final payment upon completion of Azule Acquisition."
1 Net production post completion of the Azule transaction
2 The sales revenue is subject to Petroleum Income Tax (PIT) which represents approximately 7% of sales revenue.
Pour plus d'informations, contactez:
Afentra SA +44 (0)20 7405 4133
Paul McDade, PDG
Anastasia Deulina, directrice financière
Buchanan (RP financier) +44 (0)20 7466 5000
Ben Romney
Barry Archer
Georges Pape
Peel Hunt LLP (Conseiller désigné et conjoint Broker) +44 (0)20 7418 8900
Richard Crichton
David McKeown
Géorgie Langoulant
Tennyson Securities (Conjoint Broker) +44 (0)20 7186 9033
Pierre Krens
À propos d'Afentra
Afentra plc (AIM:AET) is an upstream oil and gas company focused on opportunities in Africa. The Company's purpose is to support a responsible energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. Afentra has 18% non-operated interest in the producing Block 3/05 and 4% non-operated interest in the adjacent development Block 3/05A offshore Angola in the Lower Congo Basin. Afentra has a current carried interest in the Odewayne Block onshore southwestern Somaliland.
Information privilégiée
Cette annonce contient des informations privilégiées aux fins de l'article 7 du règlement 2014/596/UE (qui fait partie du droit interne du Royaume-Uni conformément à la loi de 2018 sur l'Union européenne (retrait)) (« UK MAR »). Dès la publication de cette annonce, ces informations privilégiées (telles que définies dans UK MAR) sont désormais considérées comme appartenant au domaine public. Aux fins de UK MAR, la personne chargée d'organiser la publication de cette annonce au nom d'Afentra est Paul McDade, président-directeur général.
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