Afentra Share Discussion Threads

[onedayrodders] 25/4/2024 16:16

fair enough tim ... but I'll still stick my neck out and say 50 handle here by mid May

;o)

[dragon35] 25/4/2024 14:05

Multiples of FCF, DCF based on $85 oil $75 oil etc with field life stated in CPR, EV, NPV take your pick and I am sure it's already been covered by the analysts note on their website. Equally we know their cost of approx $35 a barrel and we roughly know what they are selling it for and we know how much they are selling, so it depends how accurate you want your be. Based on any of the above it's undervalued right now.

[cardinal3] 25/4/2024 12:22

Any thoughts of a reasonable valuation here? The deal-making is taking time but gets there in the end.

[tim000] 25/4/2024 12:11

ODR, indeed, I know we’re all on the same page. I know my point is a simple one, but it’s never a bad thing to remember that short-term movements in the share price are almost random and not indicative of value.

[onedayrodders] 25/4/2024 11:21

I'm not stressing on today's share price tim, just making an observation

[catsick] 25/4/2024 10:15

Wow all the way back down, this is the final barrier out of the way, once we see the final settlement figures in a couple of weeks we will have a perfect picture for the first time, I reckon the ev per flowing barrel will then be around 17k usd, a fair price for a small cap producer should be around 50k , plus this pudja development potentially could add at least double the barrels at a cost of sub 5k , all in all this is a crazy undervalued share ...

[rimau1] 25/4/2024 10:09

Anyone thinking of taking profits IMO should study VLE. The market likes to reward an operational track record that backs up the business case. VLE has more than doubled since it acquired its Thai assets on a flat oil price.

[tim000] 25/4/2024 09:51

I’m sure the Directors don’t fuss about daily movements in the share price, their job is to grow the business. We too need the same approach; no one knows when exactly the share price will rise, or by how much. If you just buy and hold, MT’s mantra, none of that really matters. It’s clear that AET has enormous potential to grow into a substantial business, our only decision is how much of our available capital do we deploy on the journey.

[onedayrodders] 25/4/2024 09:18

V nice indeed .. a breath of fresh air this Company

Once the sell on news 'gang' have departed we should push throug 50p over the next few weeks or so.

[excellance] 25/4/2024 09:17

This isn't new news, but it is confirmation of already known news, and therefore reduces risk and increases value.

Buy on the rumour, sell on the news...markets are always tricky to predict, but let's look at the facts...

AET are building a portfolio of cash generative interests with very little resources required, apart from cash, and with growth potential for decades to come.

The main risks are the price of oil/gas, and geopolitics, which over time perhaps the board will address, and because our financial structure is underpinned by debt we always need to focus on the cost of that debt and costs generally in an inflationary environment.

Looking forward to seeing the numbers and the next proposed developments...with an eye on the gearing of that debt.

[apotheki] 25/4/2024 08:33

Commenting on the update, CEO Paul McDade said:

"The Angolan government's approval of the Azule Acquisition allows us to proceed with the completion of our third transaction in Angola providing Afentra a material equity position in these world-class assets. The improved fiscal terms for the Punja Discovery is another clear indication of the support given by the Government of Angola to parties willing to invest in their oil and gas sector. This further encourages us to continue to work with Sonangol and our joint venture partners to grow production and reserves as we develop the vast potential of both the producing fields in Block 3/05 and the significant discoveries within Block 3/05A."

[citys2874] 25/4/2024 08:15

FABULOUS NEWS OUT TODAY for AET and STG. Hopefully both should fly today

[someuwin] 25/4/2024 08:13

Fantastic news! I was concerned approval was taking too long and had sold out. Suffice to say I'm now buying back in.

[mount teide] 25/4/2024 08:05

Tremendous news - patience has been rewarded - looking forward to hearing about the size of the huge asset cashflow from the 1 October 2022 effective date.

Don't think we will have to wait too long for news about the next deal either, considering by their own admission they've been working on it for 18 months.

[return_of_the_apeman] 25/4/2024 07:54

Would be surprised to see any significant selling, this news is transformational, total cash flows pa should now equate to over half of current market cap

"The Angolan government's approval of the Azule Acquisition allows us to proceed with the completion of our third transaction in Angola providing Afentra a material equity position in these world-class assets. The improved fiscal terms for the Punja Discovery is another clear indication of the support given by the Government of Angola to parties willing to invest in their oil and gas sector. This further encourages us to continue to work with Sonangol and our joint venture partners to grow production and reserves as we develop the vast potential of both the producing fields in Block 3/05 and the significant discoveries within Block 3/05A."

[lauders] 25/4/2024 07:40

Good RNS today. Hopefully there will be a good reaction too and the sell on the news brigade will stay away.

[return_of_the_apeman] 25/4/2024 07:13

Great news indeed :-)

[palisz] 25/4/2024 07:08

Afentra is pleased to announce that it has received approval from the Government of Angola for the previously announced acquisition of a 12% non-operating interest in Block 3/05 and a 16% non-operating interest in Block 3/05A from Azule Energy

[tim000] 25/4/2024 07:07

Good news this morning!

[yumyum] 24/4/2024 23:40

Post-Azule close shortly I am deeply struggling to come to a post-tax, post-royalty, post capex, post opex, of less than £50m p.a. That is after all royalties, taxes and all expenditure. Maybe I miss something. I actually come to around £60m....per year...and then all the upsides which look highly likely.

edit: the above is basis crude oil sales price of $90/bbl FOB Angola

[onedayrodders] 24/4/2024 11:01

That would be another cherry on the top to an already exciting future

[mount teide] 23/4/2024 15:54

Neighbour Namibia - a whale discovery, comparable to the collective size of Guyana's offshore discoveries to date( and more than three times the STOllP of Block 3/05), sees shares of operator Galp Energia surge after the company announced the first phase of its exploration in the Mopane field in offshore Namibia could contain at least 10 billion barrels of oil.


Namibia Racks Up Another Major Offshore Oil Discovery - Oilprice.com - today

'Shares of Portuguese integrated energy operator Galp Energia have popped more than 20% in Monday’s early trading session after the company announced that the first phase of its exploration in the Mopane field in offshore Namibia could contain at least 10B barrels of oil.

Galp says it conducted testing operations at the Mopane-1X well in January and the Mopane-2X well in March, with, "significant light oil columns discovered in high-quality reservoir sands." The Mopane field is located in the Orange Basin, where Shell Plc and TotalEnergies SE have made several oil and gas discoveries. Galp produced an average of just over 122,000 barrels of oil-equivalent per day in 2023.

According to Galp, flows achieved during the tests reached the maximum allowed limit of 14k bbl/day, "potentially positioning Mopane as an important commercial discovery." Citi is bullish on Galp’s discovery, saying the test results are close to a best-case scenario, and has labeled the discovery as "totally transformational" to the company.

From some perspective, Galp’s discovery is comparable to the more than 11 billion barrels of recoverable oil and gas contained in Guyana’s Stabroek block, an 6.6 million acre (26,800 square kilometers) area owned by U.S. oil majors Exxon Mobil Corp and Hess Corp, as well as China’s CNOOC Ltd. However, Chevron Corp could end up partaking in Guyana’s prized asset if it succeeds in its planned $53 billion merger with Hess. Exxon is the main operator of the block with a 45% stake while Hess and CNOOC own 30% and 25%, respectively.

Galp has launched the sale of half of its 80% stake in Petroleum Exploration Licence 83 (PEL 83), which covers almost 10,000 square kilometers in the Orange Basin. Namibia’s national oil company NAMCOR and independent exploration group Custos each holding a 10% stake apiece.

Galp plans to cede control of the development of the project to the potential buyer, likely to be a major international energy company with a strong track record in project management. Galp has hired Bank of America to run the sale process, with proceeds likely to be in the billions of dollars.

The Mopane discovery--one the largest made in the nascent basin following successful exploration campaigns by rivals TotalEnergies and Shell--could help kickstart the southern African country’s oil industry. In recent years, Namibia has attracted huge interest from international oil companies seeking to grow their production..

Despite the ongoing clean energy transition, most energy analysts have predicted that oil demand will continue growing for years, if not decades. The U.S. Energy Information Administration (EIA) is the most bullish on long-term oil demand, and has predicted a demand peak will not come before 2050, while the OPEC Secretariat sees it coming in 2045.

According to StanChart, a structural long-term peak is very unlikely within 10 years despite a high probability of cyclical downturns over the period. StanChart has argued that the current gulf between demand views creates significant investment uncertainty which that’s likely to force longer-term prices higher.'

[onedayrodders] 22/4/2024 11:44

I'll be happy with a steady upward climb in the oil price over the next few years ... can you imagine the chaos of a quick doubling oil price shock