LONDON - Afentra PLC (AIM: AET), an upstream oil and gas company with a focus on African assets, has announced the appointment of Stifel Nicolaus Europe Limited as its new Nominated Adviser (NOMAD) and Joint Broker. The change took effect on Monday, with the aim to strengthen the company's advisory team.
Afentra, which is engaged in acquiring production and development assets on the African continent, is working towards supporting a responsible energy transition in the region. The company holds various interests in offshore and onshore projects in Angola and a carried interest in Somaliland.
The appointment of Stifel is part of Afentra's strategic efforts to align with partners that can support its growth and development in the African oil and gas sector. Stifel Nicolaus Europe Limited, known for its financial advisory services, will now be responsible for advising Afentra on compliance with AIM rules and will also serve as a Joint Broker, alongside Tennyson Securities.
This move comes as Afentra seeks to expand its footprint in Africa, where it currently has a 30% non-operated interest in Angola's producing Block 3/05, a 21.33% interest in the adjacent Block 3/05A, and a 40% interest in exploration Block 23. Additionally, the company has a 45% interest in the onshore Block KON 19 in Angola's Kwanza Basin and a 34% interest in the Odewayne Block in Somaliland.
The company's CEO, Paul McDade, and CFO, Anastasia Deulina, along with their financial PR team at Buchanan, are the primary contacts for further information regarding this corporate update.
This announcement, which does not contain inside information, is based on a press release statement and is intended to inform shareholders and the market of the new advisory relationship, which is expected to support Afentra's strategic objectives in the oil and gas sector in Africa.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.