Latest news with #Afentra
Zawya
26-05-2025
- Business
- Zawya
Afentra Chief Operating Officer (COO) Joins African Energy Week (AEW) 2025 to Discuss Maximizing Output Across Africa's Mature Assets
Ian Cloke, COO of Africa-focused oil and gas upstream company Afentra, has joined the African Energy Week (AEW): Invest in African Energies conference as a speaker. During the event – scheduled for September 29 to October 3 in Cape Town – Cloke is expected to share insight into the company's strategy for breathing new life into Africa's maturing assets. As an independent company with a diverse portfolio of production, near-field and exploration assets, Afentra is well-positioned to discuss how junior and independent operators can support production growth in Africa. With its core portfolio in Angola, Afentra has gradually expanded its presence across the market while seeking new opportunities in regional markets such as the Republic of Congo. Onshore Angola, Afentra secured a 45% non-operated interest in Block KON 15 in April 2025. In July 2024, Afentra signed a formal agreement with Angola's upstream regulator the National Oil, Gas&Biofuels Agency for the acquisition of a 45% non-operated interest in Block KON 19. Both blocks are situated in the proven yet under-explored onshore Kwanza basin and are adjacent to the legacy Tobias and Galinda oilfields. As such, they offer significant potential for rapid exploration and appraisal. At AEW: Invest in African Energies 2025, Cloke will share insight into Afentra's investment strategy in Angola, including its expansion into the onshore market. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. In addition to onshore assets, Afentra is targeting increased output at Angola's offshore blocks, with stakes in Blocks3/05, 3/05Aand 23. In May 2024, the company increased its holding in Blocks 3/05 and 3/05A, following the acquisition of non-operated interests from international energy company Azule Energy. Afentra's stakes increased to 30% in Block 3/05 and 21.33% in Block 3/05A, with the company inheriting 480,000 barrels of crude oil stock as part of the transaction. Striving to boost production in Angola, Afentra is working closely with the country's national oil company Sonangol – the Block 3/05 operator - to optimize output at the asset. In a short period of time, the partners increased production at the block from 17,000 barrels per day (bpd) to 22,000 bpd, with plans to bolster output even further. The company is also evaluating a range of investments to support and upgrade existing infrastructure, while evaluating the potential installation of water injection systems, with several light well injections carried out over the past two years. At Block 3/05A, the operator Sonangol alongside Afentra and other block partners are assessing strategies to boost production. Subsurface mapping has been completed to identify future potential production of injection wells, with the data ranked alongside other rig-related opportunities for selection in the potential 2026/2027 drilling campaign. The project partners restored production in 2023 following a five-year shutdown, with the Gazela-101 well averaging 1,248 bpd gross during 2024. Meanwhile, Block 23 - operated by Namibia's NOC NAMCOR with 40%, Afentra with 40% and Sonangol with 20% - also holds significant potential. Covering an area of 5,000 km² in the offshore Kwanza basin, the block has a proven working petroleum system. 'Africa's maturing assets still hold significant upside potential, with new technologies and the expertise of junior and independent players set to revitalize production across these blocks. Afentra is spearheading efforts in this regard, unlocking greater value from the continent's producing fields. As countries continue to improve their operating environments for independent players, companies such as Afentra are expected to play an even larger role in the continent's exploration and production landscape,' states Tomás Gerbasio, VP: Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
10-04-2025
- Business
- Zawya
Unlock Business-to-Business (B2B) Networking Opportunities at Angola Oil & Gas 2025
Angola's planned licensing round in 2025, upcoming infrastructure developments and flexible block opportunities highlight the vast potential across the country's upstream oil and gas market. On the downstream side – with over 400,000 barrels per day of planned refining capacity, a drive to connect Angola's oilfields to regional consumers and growing domestic demand – the country is seeking strategic partnerships to advance projects and promote fuel security. Angola Oil&Gas (AOG), taking place on September 3-4, 2025, supports the country's industry goals by uniting global investors, government stakeholders and industry leaders in Luanda. As the largest event of its kind in Angola, the conference offers a gateway to doing business in Angola, and this next edition will facilitate new deals as Angola celebrates 50 years of independence. Network, Engage and Sign Deals As Angola unlocks new upstream opportunities and advances downstream projects, AOG 2025 offers unparalleled access to the decision-makers shaping the country's oil and gas future. The conference provides a unique opportunity to hear directly from government authorities, providing a high-impact networking environment designed to accelerate deal-making. The event features a structured program of B2B meetings, closed-door investor briefings and sector-specific sessions for targeted engagement. Paul McDade, CEO of Afentra, shared with Energy Capital&Power that 'the AOG conference has supported Afentra PLC's investment strategy by providing a valuable platform to engage with key industry stakeholders, helping to strengthen existing relationships and build new ones. The event has facilitated direct interactions with government representatives, local operators and potential partners, allowing Afentra to better understand Angola's oil and gas landscape and align its strategy accordingly.' With over 3,000 global attendees, 430 companies and 115 ministers and VIPs representing over 32 countries, AOG's proven track record in facilitating partnerships and agreements makes it the ideal platform for companies looking to enter or expand in the Angolan market. 'AOG was instrumental for us in so many ways. It was our first participation at the conference and we were able to meet everyone. Everyone from the industry attends the event and it was exceptionally helpful for us,' stated Andrew Knox, CEO of Red Sky Energy. Following their participation at AOG 2024, Red Sky Energy acquired a 35% stake in Angola's Block 6/24, representing the company's entry into the market. Knox added that they will 'definitely be attending AOG in 2025,' as the company pursues other prospects in Angola. How to Join AOG 2025 Join AOG 2025 as a sponsor or exhibitor and position your brand at the forefront of the country's oil and gas sector. AOG 2025 offers a variety of sponsorship opportunities designed to enhance brand visibility and awareness. The exhibition returns bigger than before, allowing companies to showcase their products, services and innovations. AOG 2025 also offers numerous speaking opportunities, enabling thought leaders, industry experts and entrepreneurs to share their expertise and strategies for Angola's oil and gas development. Join as an official delegation to explore investment opportunities, establish partnerships and connect with stakeholders. AOG 2025 takes place at a pivotal moment in Angola's history – 50 years after independence – with the oil and gas sector at the heart of the country's development agenda. Participating at AOG 2025 means contributing to this milestone and playing an active role in Angola's economic growth story. Visit for more information. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
21-02-2025
- Business
- Yahoo
Declining Stock and Solid Fundamentals: Is The Market Wrong About Afentra plc (LON:AET)?
It is hard to get excited after looking at Afentra's (LON:AET) recent performance, when its stock has declined 15% over the past month. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Afentra's ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Check out our latest analysis for Afentra ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Afentra is: 33% = US$23m ÷ US$70m (Based on the trailing twelve months to June 2024). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each £1 of shareholders' capital it has, the company made £0.33 in profit. Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. To begin with, Afentra has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 9.2% the company's ROE is quite impressive. Probably as a result of this, Afentra was able to see a decent net income growth of 17% over the last five years. Next, on comparing with the industry net income growth, we found that Afentra's reported growth was lower than the industry growth of 23% over the last few years, which is not something we like to see. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Afentra's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Afentra doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above. Overall, we are quite pleased with Afentra's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. As a result, the decent growth in its earnings is not surprising. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
