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From: JonH🍕
Africa: The gift that keeps on giving. More good news on the drill campaign from AET. Top management team. Will almost be a shame when they get taken out. Free drilling Afentra accelerates Angola drilling with Sonangol rig deal By Published 03/30/2026, 02:11 AM Afentra accelerates Angola drilling with Sonangol rig deal © Reuters. AET 1.65% ANGOLA - Afentra plc (AIM:AET) announced Monday it has signed a commercial agreement with Sonangol to accelerate its two-well drilling programme on Block 3/05 offshore Angola, according to a press release statement. The Block 3/05 Joint Venture partners will use the Borr Grid jackup rig, currently under contract to Sonangol, to execute the planned drilling programme. The first well, Pacassa SW, is expected to spud in the coming days. Sonangol will finance the two-well programme, with costs to be recovered from future incremental production revenues from the wells being drilled. The company stated the programme is not expected to impact Afentra’s 2026 cash capex. The Pacassa SW exploration well is expected to have a drilling duration of 80 to 90 days. The well will be drilled from the Pacassa F4 platform and targets a fault block adjacent to the Pacassa field. The company stated the area has potential for up to 70 million barrels of recoverable oil. The second well will be either a Pacassa SW injection well or the Impala-2 development well, depending on the outcome of the initial Pacassa SW well and operational preparedness. The Impala-2 well would be drilled from the Impala wellhead platform and could assist in defining potential incremental recoverable resources of up to 50 million barrels of oil. The programme targets a potential gross production uplift of around 9,000 barrels of oil per day. Afentra holds a 30% non-operated interest in Block 3/05 offshore Angola. The company is focused on acquiring mature production and development assets in Africa. Edited on 30/03/2026 at 08:15:03. Edited on 30/03/2026 at 08:19:15.

Current Thread	Author	Time
Africa: The gift that keeps on giving. More good news on the drill campaign from AET....[more]	JonH🍕	08:09:25
>> The new frontier for oil and gas,,...[more]	JonH🍕	19:20:00

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