| Market cap (m) | £155.0 |
| Enterprise value (m) | £175.2 |
Afentra PLC is an independent oil and gas company focused on acquiring and developing mature, producing assets in West Africa, with a diverse portfolio consisting of production, near-field development and exploration assets in Angola.
Last Updated: 28/05/2026
Afentra was awarded an operated interest in Angola’s onshore KON4 block following presidential approval, alongside partners Grupo Simples Oil, Sonangol E&P, Brite’s Oil and Gas and Sodedurs. Formal contract signing is expected later. The company said the block includes multiple legacy fields. Initial technical and subsurface work has begun, with the contractor progressing the early-phase work programme.
Separately, Afentra reported year-on-year declines in pretax profit and revenue. It concluded its strategic review, received proposals, and ended discussions with potential acquirers; the company is no longer in an offer period. Afentra secured a pre-payment facility with Gunvor Group, replacing previous facilities with Trafigura and MCB, which is intended to lower financing costs and support its investment programme.