Afentra Plc · LSE:AET
Afentra — Pareto Energy Conference London 2026
12 slides from Afentra's conference presentation, Jan 22, 2026
Slide 1: African Energy Transition: Value driven growth
African Energy Transition Value driven growth Pareto Energy Conference London 22 January 2026 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: Afentra Plc – Introduction
Afentra Plc – Introduction Emerging African Independent with Cash-Generating Assets & Growth Trajectory Key milestones Emerging African Independent E&P focused on Afentra PLC formed with production, near-field development & exploration 2021 $40m cash on balance sheet Signed foundation SPA with Sonan
Slide 4: Multi-Billion Barrel Asset with Significant Recovery Upside
Multi-Billion Barrel Asset with Significant Recovery Upside Shallow-water Offshore Angola – existing fields, discoveries & infrastructure across Blocks 3/05, 3/05A & 3/24 Scale of the Prize Oil & Gas in Place >3.7 bbo ~ 1.2 Tcf Reserve & Resource Potential >250 mmbbls >550 bcf Oil Rate kbopd (net) 2
Slide 5: Impala Field – Proven Resource, Material Untapped Potential
Impala Field – Proven Resource, Material Untapped Potential Impala-2 well planned for 2026, potential for significant additional reserves Oil in place1 lmpala 2 – Potential1 ▪ 4000 bopd expected initial rate 60 - 200 ▪ US$50m well cost mmbbls ▪ First Oil target for Q4 2026 Impala Field Development R
Slide 6: Pacassa SW– Unlocking Large, Undrilled Potential
Pacassa SW– Unlocking Large, Undrilled Potential Pac SW-1 well planned for 2026, potential to open up significant extension of the Pacassa Field Potential Oil in place1,2 Pacassa SW-1- Potential2 ▪ 5000+ bopd expected initial rate 32 – 210 ▪ US$50m well cost3 mmbbls ▪ First Oil target for Q4 2026 De
Slide 7: HWO Programme– Restoring Production from Shut-in Wells
HWO Programme– Restoring Production from Shut-in Wells Low-cost interventions to unlock incremental reserves & resources c Recoverable Potential1 HWO-Phase 1 – 2026 Campaign 1 ▪ 3 workovers (integrity + gas lift failures) 10 - 20 ▪ ~3,500 bopd expected uplift in Yr 1 mmbbls ▪ US$5-10m cost per worko
Slide 8: Block 3/24 - Near-Term Operated Development Opportunity
Block 3/24 - Near-Term Operated Development Opportunity Low-Cost Development Opportunities Adjacent to Existing Infrastructure Block 3/24 Potential1 ▪ Portfolio diversity: 10 oil & gas discoveries, including 3 previously produced fields ▪ All wells tested, with flow rates up to 6,000 bopd ▪ Estimate
Slide 9: Kwanza Onshore - Regional Comparison
Kwanza Onshore - Regional Comparison Gabon Basin 3.5 Bn boe Untapped Hydrocarbon Potential Creaming Curve Onshore West Africa Basins (oil, gas and condensate) Onshore Gabon Basin (~47k Sqkm) ▪ 3.5 Bn boe discovered (2P reserves) ▪ 2.5 Bn boe produced Lower Congo Basin ▪ ~600 exploration wells drille
Slide 10: 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 favourable fiscal terms ▪ Potential for low-cost re-development of existing fields
Slide 11: Afentra: Next Phase of Growth
Afentra: Next Phase of Growth Foundation Established ▪ Existing production stabilized and optimised ▪ Infrastructure performance enhanced and de-risked ▪ High-quality portfolio built through disciplined asset selection ▪ Strong partnerships and operating relationships established Significant Organic
Slide 12: 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