Actualización de la empresa
13 de marzo de 2024
ACENTRO PLC
Actualización de la empresa
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:
Actualización operacional
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.
Government Approval of Azule Acquisition
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.
Comentando sobre la actualización, el CEO Paul McDade dijo:
"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.
Para más información comuníquese con:
Afentra plc +44 (0)20 7405 4133
Paul McDade, director ejecutivo
Anastasia Deulina, directora financiera
Buchanan (relaciones públicas financieras) +44 (0)20 7466 5000
ben romney
barry arquero
jorge papa
Peel Hunt LLP (Asesor designado y Broker) +44 (0)20 7418 8900
Richard Crichton
David McKeown
Langoulant de Georgia
Tennyson Securities (conjunto Broker) +44 (0)20 7186 9033
pedro krens
Sobre Afentra
Afentra plc (AIM:AET) es una empresa de petróleo y gas centrada en oportunidades en África. El propósito de la Compañía es apoyar una transición energética responsable en África estableciéndose como un socio creíble para desinvertir en las COI y los gobiernos anfitriones. 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 tiene una participación actual en el bloque Odewayne en la costa del suroeste de Somalilandia.
Información interna
Este anuncio contiene información privilegiada a los efectos del artículo 7 del Reglamento 2014/596/UE (que forma parte de la legislación nacional del Reino Unido de conformidad con la Ley de (Retirada) de la Unión Europea de 2018) ("UK MAR"). Tras la publicación de este anuncio, esta información privilegiada (como se define en UK MAR) ahora se considera de dominio público. A los efectos de UK MAR, la persona responsable de organizar la publicación de este anuncio en nombre de Afentra es Paul McDade, director ejecutivo.
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