IN BRIEF: Afentra hires CFO after name change from Sterling Energy

Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore ...

Alliance News 5 May, 2021 | 3:39PM
Email Form Facebook Twitter LinkedIn RSS

Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Hires Anastasia Deulina as chief financial officer and board member. Deulina joins from FTSE 250 listing Tullow Oil PLC, where she was head of Strategy, Planning & M&A. Afentra says Deulina completes the assembly of an executive management to pursue its new strategy to "support sustainable change in the African energy industry". Sterling Energy changed its name to Afentra, with the proposal approved at a general meeting on Friday last week. Afentra refers to African energy transition.

"We have formed Afentra to capitalise on a compelling market dynamic and see a clear role for our company to support a responsible and sustainable energy transition in Africa that serves the purposes of all stakeholders," says Chief Executive Officer Paul McDade, adding:

"We have ambitious growth plans and look forward to engaging with the various counterparties on the target opportunities. Afentra has a strong balance sheet, supportive shareholder base, experienced and motivated leadership team, and a strategy that is tailored to the present and future outlook for this industry."

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Tullow Oil PLC 43.47 -
Sterling Energy PLC 14.55 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.