AFENTRA PLC (AET) — Trading Update

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the AFENTRA PLC Trading Update. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using the Q and A tab situated on your hand on your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses, which is appropriate to do so. 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 morning to you. Thank you. Good morning, everyone, and welcome to our first half update presentation. In 2025, we've continued to make good strategic progress in Angola, both in the offshore and onshore. Offshore, Iain will take you through the significant progress we've made in Block 205 redevelopment plan. This is laying a very strong foundation for the production growth that will come from the workovers and drilling plan for 2026 and beyond. And as you'll see, we remain on track to materially grow production from these assets over the coming years. And we see that production growth and the associated cash flow being sustained for many years given the reserve and the resource potential of the assets. Obviously, the AETU acquisition we announced recently will add additional exposure. And then onshore, again, we'll take you through what con four, which we initial recently, will basically bring to our onshore Kwanzaa strategy. It obviously gives us that additional avenue of field redevelopment opportunity as well as extending the exciting exploration potential that we have already in form fifteen and nineteen. And then as you'll hear ...