Afentra PLC. Stock Analysis AET.L

Afentra Plc is an independent oil and gas company focused on acquiring and developing mature, producing assets in West Africa. The company is focused on optimizing and expanding its portfolio of producing fields, near-field development assets and short-cycle exploration opportunities within its target markets of West Africa. The company has a 30% non-operated interest in the producing Block 3/05 and a 21.33% non-operated interest in the adjacent development Block 3/05A in Offshore, Angola. The company also holds a 40% non-operating interest in Block 23, a deepwater exploration license with a proven hydrocarbon potential and covers an approximately 5,000 square kilometers (km2) exploration and appraisal block located in the offshore section of the Kwanza basin. The company also has 45% non-operated interests in KON19 and KON15. The Block is an unexplored frontier acreage position covering 22,840 km2, offering the opportunity to explore an undrilled onshore rift basin in Africa.