Re-Admission: Afentra plc
Afentra plc (Afentra), an upstream oil and gas company listed on AIM, has announced the successful completion of the acquisition of working interests in Block 3/05 and Block 23 from Sonangol, together with the publication of an AIM supplementary admission document and the re-admission of the Company’s shares to trading on AIM.
This acquisition increases Afentra’s working interest in Block 3/05 to 18%. Afentra’s working interest in Block 3/05 will further increase to 30% following the completion of the Azule acquisition, which is expected to complete later in 1Q 2024 following government approval.
Crowe's role and team
Crowe acted as reporting accountant on the transaction. Our capital markets team was led by Paul Blythe, supported by Ferdia McCarville, Monty Cann and Jacob Porter.
Client quote
“We appreciate Crowe’s Capital Markets team ongoing support as we continue our acquisition pathway in Angola. Crowe have been a pleasure to work with throughout the process, we would recommend Crowe to companies looking to perform Capital Markets transactions.”
Anastasia Deulina, Chief Financial Officer, Afentra plc
