# Afentra PLC 66.6% potential upside indicated by Canaccord Genuity

- Link: https://www.directorstalkinterviews.com/afentra-plc-66.6-potential-upside-indicated-by-canaccord-genuity/4121176167
- Published: 2024-11-04T14:35:02+00:00
- Author: Charlotte Edwards

**Afentra PLC** with ticker (LON:AET) now has a potential upside of 66.6% according
to Canaccord Genuity.
AET.LCanaccord Genuity set a target price of 80 GBX for the
company, which when compared to the Afentra PLC share price of 48 GBX at opening
today (04/11/2024) indicates a potential upside of 66.6%. Trading has ranged between
27 (52 week low) and 63 (52 week high) with an average of 662,585 shares exchanging
hands daily. The market capitalisation at the time of writing is £108,093,921.Afentra
plc is a United Kingdom-based an upstream oil and gas company. The Company is focused
on opportunities in Africa. It has an 30% non-operated interest in the producing
Block 3/05 and a 21.33% non-operated interest in the adjacent development Block 
3/05A and a 40% non-operating interest in the exploration Block 23, all offshore
Angola in the Lower Congo Basin. The Company also holds interest in the Odewayne
Block onshore southwestern Somaliland. It also holds a 40% interest in the exploration
and appraisal Block 23, located in the Kwanza basin. Block 3/05 is located in the
Lower Congo Basin. Block 3/05A, which is located adjacent to Block 3/05, contains
the undeveloped discoveries Punja, Caco and Gazela with an estimated in place resource
of 0.3 billion barrels. Block 23 is a 5,000 square kilometers exploration and appraisal
block located in the Kwanza basin in water depths from 600 to 1,600 meters and has
a working petroleum system.

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