Afentra: First Interview with CEO Paul McDade

A compelling opportunity awaits

Good Morning Team.

Please enjoy listening to my first chat with Afentra CEO Paul McDade, recorded on 2 May 2025 (we had a Bank Holiday weekend).

In this interview, we considered a high-level look at Afentra’s performance since launch alongside the strategic direction shaping its future. We explored the broader vision behind Afentra’s recent moves and how the company is positioning itself as a key non-operator in Africa’s energy landscape.

Key Discussion Points:

• Transformational Year in Angola:
  Afentra cemented its operational presence in Angola, completing the Azule acquisition and increasing its stake in offshore Blocks 3/05 and 3/05A. These assets are now central to Afentra’s long-term production optimisation strategy.

• Operational Embedding & Partnership Model:
  With a new Luanda office and an Angola-based Country Manager, Afentra reinforced its commitment to operational collaboration in Angola and long-term value creation alongside its JV partners.

• Production Optimisation & Emissions Strategy:
  A technically engaged redevelopment plan is underway—focused on light well interventions, infrastructure upgrades, water injection and flare reduction. These efforts are already delivering increased production and reserve replacement.

• New Onshore Footprint:
  Afentra entered the underexplored but promising Kwanza Basin with interests in KON15 and KON19. Early-stage geophysical work began in 2024, with evaluation efforts continuing into 2025.

• Balanced Growth Philosophy:
  With strong cash flow and a net cash position at year-end, Afentra is taking a disciplined approach to growth—focusing on M&A opportunities alongside efficient capital deployment.

Looking Ahead:
Listeners will hear insights into how Afentra plans to:

• Build on redevelopment momentum offshore

• Leverage its onshore entry for future exploration

• Continue strengthening its balance sheet and operational footprint across West Africa.

Afentra’s strategy is clear: operational discipline, value-focused M&A, and long-term partnership in African energy.

Listen for yourself.