AFENTRA PLC (AET) — Trading Update

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the AFENTRA PLC Trading Update. Simply type in your questions and press that. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Paul McDade. Good afternoon to you, sir. Thank you, and welcome, everyone. Thank you for taking the time to join us for today's update following a recent trading statement. Today, what what we want to do is focus on a number of areas. It's actually just about five years since we started AFENTRA back in February 2021. And I think what we'll be able to demonstrate today is the extensive portfolio that we've built within Angola. If you look at the recent update on reserves and resources, we now have approximately a 120,000,000 barrels of 2C and 2P reserves and resources. And at current production rates, that equates to reserve and resource life of about fifty years, a clear indication that we're at a point where production is about to grow and and grow significantly. Also, over the recent, period, we've continued to deliver strong production and strong revenue, and that has continued to support significant investment in our core assets offshore that you know talk about. But it's also continued to support the broader growth of the of the company, and as I say, building out that newer portfolio. As we look ahead into '26 and beyond, the for the next five years, what I think you know demonstrate is a very significant production growth we have ahead of us. And we're have some near term activities later in '26 that will stop that material increase in in production. We anticipate that we can up to triple production as we head towards 2030. Obviously, funding that investment is a priority, and managing our balance sheet appropriately will continue to be a priority. ...