Afentra Plc · LSE:AET
Afentra — Investor Presentation (June 2025)
13 slides from Afentra's investor presentation, June 2025
Slide 1: Kwanza Onshore Opportunity
African Energy Transition Kwanza Onshore Opportunity Investor Presentation June 2025 Afentra plc 1
Slide 2: Disclaimer
Disclaimer The information set out in this presentation and the accompanying verbal presentation including any question and answer session and any documents or other materials distributed with the presentation (the “Presentation”) has been produced by Afentra plc (the “Company”) as at the date of th
Slide 3: Rejuvenation of the Kwanza Onshore
Rejuvenation of the Kwanza Onshore Historic Kwanza Basin Supportive Licensing Opportunity Production Data Investment Environment 11 Oil fields discovered ▪ Active licensing ▪ No new technology rounds applied for 40 years 150 ▪ ANPG leading ▪ Last exploration well development wells flexible approach
Slide 4: Kwanza Onshore - Regional Comparison
Kwanza Onshore - Regional Comparison Untapped Hydrocarbon Potential Gabon Basin Creaming Curve Onshore West Africa Basins (oil, gas and condensate) 3.5 Bn boe Onshore Gabon Basin (~47k Sqkm) ▪ 3.5 Bn boe discovered (2P reserves) Lower Congo Basin ▪ 2.5 Bn boe produced >2 Bn boe ▪ ~600 exploration we
Slide 5: Commercialisation of existing fields – KON4
Commercialisation of existing fields – KON4 Efficient pathway to production Production Opportunity >200 mmbbls 12,000 bopd 46 mmbbls ?? % Oil in place Peak Recovered Recovery production to date factor Next Steps ▪ Study phase to review oil in place & historical production data ▪ Determine appropriat
Slide 6: Under-explored working hydrocarbon basin– KON4, 15 & 19
Under-explored working hydrocarbon basin– KON4, 15 & 19 Low-cost, high potential exploration opportunity Exploration Opportunity ▪ Regional analogous basins contain multi-billion bbls ▪ Kwanza onshore is a working hydrocarbon basin ▪ Significant technology advancement since the last exploration well
Slide 7: Stakeholder Strategy
Stakeholder Strategy Proactive approach to ESG and Stakeholder Engagement Environment Considerations Social Impact ▪ National Parks and Protected Areas: Quicama National ▪ Community Mapping: License areas sparsely populated Park overlaps KON4, KON15 and KON19. Engaged with with few villages. Current
Slide 8: Kwanza Onshore – Value-Driven Strategic Opportunity
Kwanza Onshore – Value-Driven Strategic Opportunity Building a Strategic Acreage Position Early Production Opportunity ▪ Previously producing oil fields offering considerable untapped potential ▪ Licenses benefit from favorable fiscal terms ▪ Potential for low-cost re-development of existing fields
Slide 9: Appendix
APPENDIX Afentra plc 9
Slide 10: Summary of Licences Terms
Summary of Licences Terms KON19 KON15 KON4 PSC vs RSC Comparison Afentra Equity 45% 45% 35% Basis for Designation ▪ RSC: Blocks awarded through direct negotiations ▪ PSC: Blocks awarded through bidding rounds. Operator ACREP Sonangol Afentra Ownership Production Sharing Production Sharing Risk Servi
Slide 11: Angola Onshore: Risk Service Contracts in Context
Angola Onshore: Risk Service Contracts in Context Definition & Key Characteristics: Risk Service Contract (RSC) Mechanics Production Sharing Contract (PSC) Mechanics ▪ RSCs – similar to PSCs - offer a clear commercial framework. ▪ In an RSC the contractor is compensated on a fee- based structure thr
Slide 12: Creaming Curve Onshore West Africa Basins
Creaming Curve Onshore West Africa Basins (oil, gas and condensate) Afentra plc Source: S&P EDIN 12
Slide 13: Uniquely positioned to capitalise on the African Energy Transition
Uniquely positioned to capitalise on the African Energy Transition 1. 2. 3. 4. 5. Significant hydrocarbon Gap in market for Proven team Committed to African Energy Transition resource base in Africa credible operators to with significant responsible stewardship provides compelling with material M&A