Afentra Share Discussion Threads

[jungmana] 09/6/2023 11:12

Without foreign investment this could happen in Angola some years down the line. The government is keen on attracting investment from small players like aet as majors exit for large offshore developments.hTTps://oilprice.com/Latest-Energy-News/World-News/OPECs-Smallest-Producer-Sees-Crude-Oil-Exports-Drop-To-Zero.html

[jungmana] 09/6/2023 10:29

Patience here will pay off big time in 12 months from now imo.Aet and axl have about 50% of my cash invested and building a position in jse from yesterday

[herman_m] 09/6/2023 09:00

Not long to wait until AGM on 20th. Fingers crossed they will present some positive then.

[hubs] 09/6/2023 08:14

Not such a good week...wobbly holders? gla.

[1senn] 02/6/2023 15:21

Multiples of 60p MT

That would be very nice

ATB

[mount teide] 02/6/2023 13:58

1s - a few short term traders maybe - some well researched long term investors see the potential for multiples of that over a 3-5 year investment view assuming Brent averages $75/bbl.

[1senn] 02/6/2023 13:16

Poor show

Many on here predicting 60p on completion. Can't see the market cap doubling what's the justification for that??

ATB

[jungmana] 02/6/2023 12:05

Opportunity for a good top here. Oil going back up and we are heading the other way. hope the deal completes by the 30th June

[captain james t kirk] 31/5/2023 16:46

Off topic.

I didn't read the petition because I'm not interested but I'm afraid that hubs's post cannot go unanswered.
The UK has a long and distinguished record of helping those in genuine need and long may it continue, both here and abroad.
However, accepting low skilled migrants by the million,in an uncontrolled manner, with little or no benefit to the country, might be charitable to the migrants but it certainly isn't compassionate to the poorest in society already resident on these shores.The folk who cannot get a doctor or hospital appointment, can't get their kids into local schools, can't get decent housing at an affordable price and live in areas increasingly affected by crime.
You maybe haven't noticed but the reason big business promotes the policy of importing these people, who largely have a negative effect on the exchequer, is because they provide cheap labour and increase their market size, through their sheer numbers.
However, they do nothing to improve our GDP per capita, with our productivity levels already languishing some 20% below that of our competitors and this before AI and robotics really clicks in. What do we do with them then ?
As one of the most densely populated countries in Europe, from a quality of life point of view and with a debt of £2.5 trillion, we simply cannot afford this largesse.
It poses the simple question, where does it end ?

ps Apologies for the Afentra out of market hours off topic.

[linz22] 31/5/2023 15:52

Displacement and disposession, coming to a neighbourhood like yours, pdq.
By your very own volition, it seems!

Now, let's get back to Afentra, please...

[hubs] 31/5/2023 13:34

A definite Crank. I'm proud of our rich, multi-cultural society and we need to welcome with open arms those who have been persecuted and down trodden, whether through years of colonialism or crackpot dictators. Anyone who gives up a life and home, and journeys thousands of miles in search of something better, deserves compassion.

[crankylad] 29/5/2023 09:40

Cut immigration, petition.

[onedayrodders] 29/5/2023 09:31

He was under 3% but not necessarily finished.

In any case, the chart and news going the right way.

[1senn] 29/5/2023 02:55

That was then

He has finished do what gives now st 27p

ATB

[onedayrodders] 28/5/2023 15:30

Were you not following the story of the forced seller "Richard Griffiths" offloading millions of shares through March ? .. check out the major notification of holdings in March ... that's what took the share price from 28 to 21.

Mr Griffiths was a leveraged holder of another stock that nosedived and had to raise cash at short notice.

In addition it's a very poor market sentiment overall ... but for those with with patience, the cream always rises to the top.

ODR

[1senn] 26/5/2023 22:22

Yes all good

But why have we got s share price of 27p

Was almost 34p and that's before the deal completed .

Should be neater 47p than 27p surely

[mount teide] 24/5/2023 23:00

Pleased to read this statement in the Company Presentation made at the Frontier Africa Energies Summit, London - 17 May 2023

'Afentra has ambitions to build a material portfolio of assets in Angola building
upon the initial acquisition of Block 3/05'

Angola is an OPEC country and considered one of the largest African O&G producers. It's Upstream Market Leaders are:

* ExxonMobil
* TotalEnergies
* Eni
* BP
* Chevron

The Angolan offshore segment is expected to experience significant growth over this decade, led by these companies. Some of which are currently divesting mature Angolan assets to focus on large yet to be developed discoveries offshore, which have high potential.

[x54v] 22/5/2023 15:51

"Exciting times ahead

As we enter our third year as Afentra, we are very satisfied with the progress we have delivered. Our first year was about defining the strategy and identifying our first deals, and the second year was about putting in the building blocks to deliver that strategy and execute value accretive transactions. This current year will be truly transformative for the Company as we complete the Angolan deals and set about working closely with our partners to deliver mutually beneficial outcomes for all the stakeholders.

In parallel with the work we will be doing in Angola, we will continue to screen compelling opportunities in line with our strategy. We believe the efforts to establish Afentra as a credible counterparty of choice have been successful and we have built up the internal resources and capabilities to ensure we can deliver the next wave of growth in tandem with our new operational focus in Angola. We are excited about the opportunities that lie ahead in Angola, and will be active in other core target markets if we find opportunities that deliver the criteria we seek in terms of creating value and delivering positive outcomes for all stakeholders."

[mount teide] 21/5/2023 23:48

Small Oil Moves In Where Big Oil Moves Out - Oilprce.com today

'A Dutch court ruled against Shell two years ago in a case targeting the supermajor’s emission footprint. It obliged the company to slash its emissions by almost half from 2019 by 2030.

In response, then CEO Ben van Beurden wrote a post on LinkedIn, noting an obvious fact that seems to have remained a mystery for the environmentalists that sued Shell and many more like them.

“Imagine Shell decided to stop selling petrol and diesel today. This would certainly cut Shell’s carbon emissions. But it would not help the world one bit. Demand for fuel would not change. People would fill up their cars and delivery trucks at other service stations.”

In confirmation of the above simple truth that while there is demand for a product, supply will find its way, the Wall Street Journal this week reported that as oil majors pulled out of higher-emission projects across the world, smaller companies came and took their place.

We are now witnessing the same thing that happened in 2016 and 2017 in the North Sea but at a larger scale. Back in 2016/17, majors were leaving the North Sea to focus on lower-cost assets. At the time, emission reduction was not such an emergency. Supermajors just wanted to save on platform decommissioning and high UK taxes.

Yet it turned out that there were companies willing to take on those platform decommissioning costs and high taxes, plus the fact of natural depletion, that turned the North Sea into the hottest spot for oil and gas mergers and acquisitions in the world, second only to U.S. shale.

Shell sold some North Sea assets in 2017. Chevron remained there. BP put up some of its North Sea assets for sale but kept its presence in the region. Meanwhile, a lesser-known firm by the name of Chrysaor bought $3.8 billion worth of oil and gas assets in the North Sea that same year and three years later merged with Premier Oil to become the largest oil and gas operator in the area.

The story is repeating now on a global scale. The supermajors have been quite explicit in their intentions to focus on low-cost, high-return assets with the added consideration of emission footprints. So, many of them are leaving emission-intensive projects in Africa, Latin America, and Asia.

Yet, just like nature, the oil industry cannot stand a vacuum, and smaller companies are taking the freed-up space. “What we are seeing is that the larger companies are reducing their share in aging assets with little upside production that have relatively large emissions,” Audun Martinsen, head of energy service research at Rystad Energy, told the WSJ. “Their space has been filled by smaller exploration and production companies.”

According to Rystad, the trend will continue, with offshore investments coming from large public oil companies declining from 45% of the total in 2019 to 37% of the total in 2025. At the same time, smaller, often private companies will increase their share of total investments in oil and gas.

Also, the Norwegian-based energy research firm said, investments in new oil and gas production this year, thanks to these smaller companies, are set to hit $100 billion for the second year in a row. All this is happening while Chevron, TotalEnergies, Shell, BP, and Exxon focus on reducing their emissions without going bust.

According to the WSJ report, the smaller, often privately owned companies are more nimble than Big Oil supermajors and, as such, are better positioned to take risks with projects that are either new, with a high emission footprint or both.

They have lower costs than mammoth organizations like the supermajors and can, according to the WSJ, more quickly recoup their investments in case a downturn looms on the horizon.

In Africa, according to Rystad data cited in the report, Big Oil is reducing its presence, but smaller players are happy to fill the void. As a result, the value of new oil and gas deals on the continent hit $21 billion last year, up from $5.5 billion in 2020. The share of oil production held by smaller, independent players is also on the rise.

The same trend is noticeable in Latin America. Following the partial exit of the supermajors as they focused on their lower-cost and lower-risk assets, small independents moved in and continued exploring for more oil and gas and extracting what was already discovered.

It seems this shift in oil and gas investments will continue, with more and more investment in new production coming from small companies. This is not a welcome development for environmentalists. Because smaller companies cannot be held up to the scrutiny of shareholders that increasingly include representatives of those same environmentalists.

Many of the smaller energy firms taking on emission-intensive projects are privately owned. They are only accountable to their owners and relevant regulators. They cannot be pressured into dropping this or that project. All that because of the simple truth expressed in Ben van Beurden’s LinkedIn post from 2021: while there is demand for a product, supply will find a way.'

[mount teide] 20/5/2023 18:40

1S - I would think that post the expected completion of the Sonangol asset in June 2023, that the market cap would likely be greater than the headline value of another 10-12% chunk of Block 3/05 or an asset of a similar value, and so would not trigger a RTO.

If it were another chunk of Block 3/05, would expect that to complete a lot quicker than the first two acquisitions, as the Executive Decree to formally approve the period of the Block 3/05 licence extension, which extends the production sharing agreement to 31 December 2040, has been now negotiated, improved upon, agreed and published.

AIMHO/DYOR

[1senn] 20/5/2023 12:30

If the next deal is less than the market cap here ? Am presuming no need for a suspension,? MT thanks

[1senn] 19/5/2023 22:47

Thank you MT

[mount teide] 19/5/2023 15:08

1S - scroll back through this week's posts - some of us have given our thoughts on that very subject.

[1senn] 19/5/2023 14:57

Suspension would not be required Correction sorry

[1senn] 19/5/2023 12:59

Anyone got any thoughts on the 3rd deal

With up to 35 mill available

Am presuming now suspension of shares would be required as the market cap should be past 45 p once the deal completes in June