Afentra Plc. Share News (AET)

Afentra touts government approval for acquisition of Azule interests

(Alliance News) - Afentra PLC on Thursday said that it has received approval from the Government of Angola for its acquisition of two non-operating interests from Azule Energy Angola Production BV.

Afentra to finalise Angolan acquisition in "coming weeks"

(Alliance News) - Afentra PLC on Wednesday announced that it has received approval from the Angolan competition authority for the partial acquisition of two offshore sites.

TRADING UPDATES: MetalNRG's legal settlement; Impellam confirms payout

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News:

IN BRIEF: Afentra named preferred bidder for two blocks in Angola

Afentra PLC - upstream oil and gas company focused on acquiring mature production and development assets in Africa - Announces selection as preferred bidder for two blocks in Angola, having submitted an application in the 2023 onshore bid round. Blocks KON15 and KON19 are located in the Kwanza Basin, "an under-exploited, over-looked proven hydrocarbon basin [with] numerous oil fields and discoveries dating back to 1955." Afentra says blocks are high-graded due to "good signs of a working petroleum system". Will now engage with the blocks' operators to discuss negotiations with relevant authorities.

IN BRIEF: Afentra completes Sonangol reverse takeover

Afentra PLC - upstream oil and gas company focused on acquiring mature production and development assets in Africa - Completes acquisition, constituting a reverse takeover, of a 14% non-operating interest in Block 3/05 and a 40% non-operating interest in Block 23, offshore Angola. Buy increases Afentra's interest in Block 3/05 to 18%. This will increase to 30% once Afentra completes its acquisition of further non-operated interests in Block 3/05 and Block 3/05A, offshore Angola, from Azule Energy Angola Production BV. Expects completion in first quarter of 2024. Says gross production from 3/05 averaged 20,560 barrels of oil per day in November 2023, with annual guidance for 2023 set at around 19,100 barrels. Says payable cash consideration totals USD21.1 million.

Afentra upbeat on completion of Sonangol acquisition

(Sharecast News) - Afentra announced the successful completion of its acquisition of non-operating interests in Block 3/05 and Block 23, offshore Angola, from Sonangol on Friday.

IN BRIEF: Afentra sets sights for early December AIM admission

Afentra PLC - upstream oil and gas company focused on acquiring mature production and development assets in Africa - Expects market value to be around GBP65 million on admission to AIM. Expects admission date to be early December. Points out no capital to be raised on admission.

Afentra acquisition of block interest approved by Angolan government

(Alliance News) - Afentra PLC on Thursday said the Angolan government has approved its acquisition of interest in two oil blocks from Sonangol Pesquisa e Producao SA.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Afentra trading suspension lifted after document published

Afentra PLC - upstream oil and gas company focused on acquiring mature production and development assets in Africa - AIM says suspension in trading was lifted today after an admission document was published. Earlier, announces that an admission document will be sent to shareholders today relating to the previously announced proposed acquisition of interests in Block 3/05 and Block 3/05A from Azule Energy Angola Production BV. Once the admission document has been published, anticipates suspension of trading in the company's shares will be lifted. Calls general meeting to approve the acquisition on October 5.

TRADING UPDATES: TruSpine accepts Aquis findings after investigation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Afentra records widened interim loss, cash resources drop

Afentra PLC - upstream oil and gas company focused on acquiring mature production and development assets in Africa - Reports a pretax loss of USD3.9 million in the six months ended June 30, widened from USD2.9 million the year prior. Posts no revenue, unchanged from the previous year. Loss widens as pre-licence costs rise to USD2.2 million from GBP1.6 million. Company's cash resources as at June 30 fall to USD15.7 million from USD35.1 million at the same time a year prior.

Afentra subsidiary to buy stakes in Azule blocks offshore Angola

(Alliance News) - Afentra PLC on Wednesday said its wholly-owned subsidiary Afentra (Angola) Ltd signed a deal with Azule Energy Angola Production B.V. to buy stakes in Block 3/05 and Block 3/05A offshore Angola.

IN BRIEF: Afentra expects completion of Sonangol acquisition in July

Afentra PLC - Africa-focused energy company - Says Angolan oil and gas company Sonangol is now pursuing requisite government approvals for the acquisition of its Block 3/05 and Block 3/05A offshore Angola.

UK shareholder meetings calendar - next 7 days