5th May 2021 15:39
Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Hires Anastasia Deulina as chief financial officer and board member. Deulina joins from FTSE 250 listing Tullow Oil PLC, where she was head of Strategy, Planning & M&A. Afentra says Deulina completes the assembly of an executive management to pursue its new strategy to "support sustainable change in the African energy industry". Sterling Energy changed its name to Afentra, with the proposal approved at a general meeting on Friday last week. Afentra refers to African energy transition.
"We have formed Afentra to capitalise on a compelling market dynamic and see a clear role for our company to support a responsible and sustainable energy transition in Africa that serves the purposes of all stakeholders," says Chief Executive Officer Paul McDade, adding:
"We have ambitious growth plans and look forward to engaging with the various counterparties on the target opportunities. Afentra has a strong balance sheet, supportive shareholder base, experienced and motivated leadership team, and a strategy that is tailored to the present and future outlook for this industry."
By Tom Waite; [email protected]
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