Afentra PLC

Operational and Financial Update:

By Alex Langton | 22 January 2025

As we kick off 2025, Afentra has delivered an encouraging operational and financial update demonstrating its transformation into a significant player in the African oil and gas sector. The company's strategic moves in 2024, particularly the Azule transaction, have set the stage for what could be a pivotal year ahead.

Regular readers may remember we featured Afentra's share price on 19 September 2023, at 28.4p, from which it experienced a significant rally, reaching an all-time high of 60p. This represents a 111.27%. However, the shares have spent the last six months in a consolidation holding pattern between 47p and 51p. More on the TA side later.