Afentra Share Discussion Threads

[sunbed44] 10/5/2023 12:08

Bought some more here today, I like what the company are doing here. And especially walking before they try to run as oppose to SAVE who are taking to too big and too risky deals. I really do like this and a good slot by the leader earlier on. Will be adding quite a few more when I take a decent chunk off the table from SAVE whenever they start to trade again.

[mount teide] 10/5/2023 10:46

Jung - thanks.

Interesting interview - a very positive outlook, with more acquisitions likely in 23/24.

[jungmana] 10/5/2023 09:51

hTTps://youtu.be/AiefvkQI7eY

[rimau1] 10/5/2023 09:17

On completion of Sonangol i don’t think there is a cheaper oil play on the market (AXL and Valeura are close). For $70m marketcap we are getting 2P of 28mmbl and 4500-5000bopd

[rimau1] 10/5/2023 08:19

Confirmed on track for 30th June closing.

[mount teide] 10/5/2023 08:03

INA Acquisition - Great news and a tremendous net price for such a high quality asset.

Sonangol Acquisition - With the Block 3/05 JV partners and the Angolan Oil & Gas regulator now having agreed the terms of the Block 3/05 licence extension, which extends the production sharing agreement to 31 December 2040 with improved fiscal terms that strengthen the economics of the permit, the process of ANPG obtaining the requisite governmental approvals for the licence extension should be a formality.

[dunderheed] 10/5/2023 07:45

This one's pretty big!!

[royalalbert] 10/5/2023 07:40

Now for the big one, June hopefully.

[jungmana] 10/5/2023 07:35

Happy days :-)

[alxo82] 09/5/2023 20:26

A paid article

[x54v] 09/5/2023 16:44

“Very pleased to have coverage initiated by finnCap, with a buy recommendation attached, as we progress towards completion of our first acquisitions in Angola.

finncap.com/research-porta…

#AET #Opportunity”

[onedayrodders] 09/5/2023 16:19

Building nicely again here

[mount teide] 09/5/2023 11:05

Interesting development in the Middle East - China is using Angolan and other African currencies to pay Iran for oil under a new 25 year supply deal, so that these countries, in turn, can service their loans to China!

'In a 25-Year Oil Supply Agreement China has signed with Iran, China is guaranteed oil and gas prices at least 30% lower than the relevant oil pricing benchmarks. However, since the Russian invasion of Ukraine in February 2022, China has been demanding an extra discount on Iranian oil to the 30% discount at which it can currently also buy Russian oil, according to an EU energy security source.

“On average, the Chinese discount for Iranian crude oil to the international benchmark over the last 12 months has been around 44%.” he said.

"From 11 November 2022 - China has been paying Iran in non-convertible Yuan, that is Yuan that can only be used inside China and/or spent buying Chinese goods,” he added.

“Whilst Yuan is the key instrument in payment, China is also using the currencies of Angola, Zambia and Kenya to pay Iran, and China is doing this as a means to induce Iran to buy goods from these countries so that these countries, in turn, can service their loans to China,” he concluded.'

Simon Watkins - O&G Sector Analyst

[x54v] 08/5/2023 18:54

finnCap buy note out last week:

[jungmana] 08/5/2023 16:12

Thanks MT that's him. My friend speaks very highly of him and so does many of the English people I met there during my short 1 week visit. The country has some of the most amazing clean white sandy beaches I have seen

[jungmana] 08/5/2023 14:42

Is actually 3 years since my friend relocated to the Gambia. How time flys.Whilst I was there I learnt that their current President Mr Barrow, lived , studied and worked in the UK for many years . I read a story about him doing 8 hour shifts at asda and studying at Uni at the same time. He like many others there running businesses and in key positions were living in Europe or North America for many years.I He then went into real estate business in The Gambia and that's how he made his money before entering politics.

[jungmana] 08/5/2023 14:19

For work, business and better life there is a growing number of Africans too returning especially to Nigeria, Ghana, Kenya and Tanzania. How I know this , my family has business in those countries. I have a personal friend who was an orthopaedic surgeon at St Thomas hospital in London for many years and 2 years back he relocated to The Gambia, a tiny country in West Africa. I went to visit him for a week and was shocked at the large number of Anglo Saxon folk living there. And these are people from all backgrounds and professions in the UK.

[jungmana] 08/5/2023 13:19

"give it 10 years or less and these developing nations will be pulling people back in to enjoy the fruits of their renaissance. "This is already happening but not known by many as the media only focus on the opposite movement of people. I personally know many professionals who have moved to places such as Angola, Ghana, India, Nigeria Indonesia, Brazil , Tanzania etc and are doing far better than were in Europe. They've gone back with the education, skills and expertise gained in The UK.

[fireplace22] 08/5/2023 12:14

give it 10 years or less and these developing nations will be pulling people back in to enjoy the fruits of their renaissance. The west will be a a backwater, squalid, crime infested with a majority living in poverty whilst the 'elite' will have departed long ago with pockets full. That's the current political dogma forced upon us which our political leaders appear to be following. We sanction companies like BP and Shell for making excess profits despite the level of investment they have had to make yet 'land' owners such as king Charles can afford to distribute £1B to his less well off subjects from profits he makes by allowing companies to erect turbines on his properties (actually offshore). How many more like him are there? They are raking it in at the expense of the cash strapped public when electricity produced from locally produced gas would be far more economic and environmentally friendly. Good luck to the third world they deserve a turn for the good.

[excellance] 08/5/2023 11:56

The problem with Davos is that business folk have to be there in order to not miss out. Fairly sure that Davos influences or guides global policy decisions, so attending is a must. It is where kings are made.