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Afentra Plc. (AET) Share News

IN BRIEF: Afentra CEO buys GBP200,000 in shares; holds 1.4% stake

12th Aug 2022 08:57

Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Chief Executive Officer Paul McDade buys 821,192 shares at 24.30 pence each, worth GBP199,550, on Wednesday. Afentra on Wednesday had reported the purchase as a "conditional award of right to be granted nil cost options" before issuing a correction on Friday. McDade now has 3.1 million shares, a 1.4% stake. Read More

IN BRIEF: Afentra Non-Exec Director Gavin Wilson buys 300,000 shares

11th Aug 2022 13:41

Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Non-Executive Director Gavin Wilson buys 300,000 shares at 24.50 pence each, worth GBP73,500, in London on Wednesday. Afentra shares were suspended in October at 14.55p each. On Wednesday, the suspension was lifted and its shares surged 72% to 25.00p each. Read More

IN BRIEF: Afentra shares up 68% as resume trading ahead of Angola deal

10th Aug 2022 14:31

Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Calls general meeting for August 30 for shareholders to vote on proposed acquisitions of oil assets offshore Angola from Sonangol Pesquisa e Produco SA. The purchase of blocks 3/05 and 23 from Sonangol was first announced back in April. Afentra will pay USD80 million, plus up to USD51 million in contingent consideration. Block 3/05 has net proven and probable reserves of about 20 million barrels, while Block 23 is a prospective deepwater exploration opportunity. Afentra expects to complete the Sonangol deal in the fourth quarter, subject to Angolan government approval. "We view these inaugural deals in Angola as the early building blocks in our long-term growth ambitions and look forward to rewarding our shareholders for their trust and patience," Chief Executive Officer Paul McDade says. Read More

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