Afentra Share Discussion Threads

[wbodger] 18/9/2023 14:12

I'm glad they emerged from suspension without waiting for an announcement of contract signing. That means investors can buy in on hope or sell on fear, and take their chances in the market.

[jungmana] 18/9/2023 12:50

Any questions? ask here,Afentra will be hosting a Management "presentation audiocast via Investor Meet Company on 20 September 2023 at 10.00am BST ( https://www.investormeetcompany.com/afentra-plc/register-investor ) and a short accompanying presentation will be uploaded to the Afentra website: https://afentraplc.com/investors/ .Analysts and investors wishing to participate in the Q&A session can do so by pre-submitting questions via the Investor Meet Company platform or via the chat function of the live presentation, and these will be addressed by management during the audiocast."

[cf456] 18/9/2023 11:48

"we reiterate our BUY stance with a raised target price of 60p (vs. 40p)."

"In summary, with Afentra shares trading on a P/NAV of 0.4x and an EV/EBITDA of 1.7x (FY24), we see significant upside at present levels - with the promise of further value steps to come."


Broker note here -

[jungmana] 18/9/2023 11:07

Aren't the acquisitions nearly paid off ( ie the debt) by the oil production accrued since the deals effective dates?The smallest acquisition just brought in $26 million in sale of 300k barrels

[ashkv] 18/9/2023 10:39

You have to factor in the debt

Jungmana18 Sep '23 - 07:20 - 818 of 824
0 2 0
What's the fair valuation here today? imo must be worth minimum GBP 120 million , that is 50p.
"Net 2P reserves of approx. 33 mmbbls(1,3) and net 2C resources of approx. 20 mmbbls(1,3,4)
-- Production of approx. 5,700 bbl/d net (including production from Block 3/05A)(6) "

[dcarn] 18/9/2023 08:56

I finally got a decent chunk at 28p after having some initial issues with Halifax.

[spooky] 18/9/2023 08:45

I have added a reasonable number this morning around 28p. The seller that was there before the suspension is obviously still active.

[croasdalelfc] 18/9/2023 08:03

iWeb won't let you buy - declared unavailable

[zengas] 18/9/2023 07:52

With 3/05 running at over 20k bopd since end July and 1.45k in 3/05A net production is around 6,300 bopd.

[jungmana] 18/9/2023 07:50

The market will wake up to this soon. Anything below 40p here is a steal especially considering the effective dates of these deals.

[wahlberg] 18/9/2023 07:36

Been a slow mover to date. Holding tight but would be pleased for it to trade over 30 today

[jungmana] 18/9/2023 07:20

What's the fair valuation here today? imo must be worth minimum GBP 120 million , that is 50p."Net 2P reserves of approx. 33 mmbbls(1,3) and net 2C resources of approx. 20 mmbbls(1,3,4) -- Production of approx. 5,700 bbl/d net (including production from Block 3/05A)(6) "

[palisz] 18/9/2023 07:10

the Company anticipates that the suspension of the trading in the Company's shares will be lifted and that trading in the Company's Ordinary Shares will recommence at 8.00am BST this morning.

[onedayrodders] 12/9/2023 17:27

Whilst I want trading to resume ASAP, I'm not sure it's a good thing to over promise when the pen is actually not in your hand.

Given the delays to the first license approvals, I fully accept Paul cannot give definitive date.

Just like before they will be benefitting from accrued crude inventory again during any delays.

All good things come to those who wait.

Happy to let these guys make my money work.

ODR

[wbodger] 12/9/2023 16:42

Q4 starts in 3 weeks. There's a lot to be done considering Q4 includes Christmas. They have to sign the contracts and call the EGM to ratify the deals, because they are big enough to need shareholder vote. (Then do they have to take it to Court for sanction? I hope not. Just asking.)

The careful punctuation in the RNS makes me think shareholder approval is not necessarily in Q4, just contracts signed.

I was looking for something like "confident of approval of Sonangol (etc.) before the end of the current quarter". I hope the contracts will be signed in November, so the formalities of ratification can be done in Q4. I really don't want this still not trading in January.

[jungmana] 12/9/2023 07:19

Rns out;"Post period,First crude cargo sale : the Company sold its first cargo of 300,000 bbls of crude oil in August comprising crude oil stock and subsequent production from the INA Acquisition. The sales price inclusive of the Brent premium was $88/bbl, generating pre-tax sales of $26.4 million net to Afentra."

[dcarn] 08/9/2023 09:49

Does anyone know if that's an onshore or offshore well?

[onedayrodders] 08/9/2023 09:10

Smack .. can you kindly elaborate

[smackeraim] 07/9/2023 13:24

Seen Crcl Sonagol related spud? Completely passed me by that one until today

[otemple3] 04/9/2023 16:06

I don't think the military tend to advertise these things in advance so no one really knowsIt's stable for Africa as far as I am aware, but that's not saying much

[dilip40] 04/9/2023 10:26

lot of coups in sub shahran africa mali niger chad etc.
does anyone know what the political situation is in angola ie risk of army coup

[wbodger] 10/8/2023 19:03

hxxps://www.occrp.org/en/paradisepapers/kazakhstans-secret-billionaires