Afentra Share Discussion Threads

[lauders] 28/11/2023 11:20

Just bought an initial holding. Not many shares but got back to the 30p level on the chart. Hope my timing will be good for once!

[cf456] 28/11/2023 10:46

Not half. Around 30p has acted as resistance for the past year.

Hopefully a breakout above the wide consolidation coincides with positive news and leads to a significant move upwards.

AET has excellent fundamentals, but the price action is frustrating. The market will catch on eventually.

[onedayrodders] 28/11/2023 09:49

The old round number proving a hard nut to crack

[dcarn] 21/11/2023 12:00

BLOCK KON 15, BLOCK KON 19

[dr rosso] 21/11/2023 11:57

On 1 April, the ANPG announced the launch of Tender 2023 for the concession of an additional 12 onshore oil blocks in Angola’s onshore Lower Congo and Kwanza Basins. The deadline for proposals is set for November 2023 and will include Blocks CON 2/3/7 and 8 and KON 1/3/7/10/13/14/15 and 19.

Which two?



Angola's next bidding round is underway. 53 proposals from 22 Companies for 12 onshore blocks.

* 5 C OIL & GAS
• ACE CONSULTS
• ACREP, SA
• AFENTRA
• ANM ENERGY/ QUIMENERGY
• APEX/CORCEL
• EFFIMAX ENERGY, LDA
• ENAGOL, LDA
• ETU ENERGIAS (Somoil)
• GESP ENERGY
• INDEX PETROLUBE
• INTANK GROUP
• KEBO ENERGY
• MONKA OIL
• SERINUS ENERGY
• SIMPLES OIL
• SOCONINFA
• SONANGOL
• TRANSOCEANIC GROUP
• TUSKER ENERGY
• WALCOT GROUP
• WHAZWIMI INVESTIMENT HOLDING

[croasdalelfc] 21/11/2023 07:30

2 blocks applied for as non operator

[mount teide] 20/11/2023 22:46

Where Angola leads the way in Africa in sweetening new and existing O&G fiscal deals to attract new fossil fuel investment others now follow:

'Ghana Seeks to Sweeten the Deal for Drillers. The government of Ghana aims to introduce a more flexible mechanism of royalties to incentivize investment into its offshore oil production, currently at 160,000 b/d, even though the current royalty regime is a fixed 4%-12.5% of gross oil production.' Global Energy Alert - 17 Nov

[dcarn] 18/11/2023 22:33

Nice find CF.

[cf456] 18/11/2023 22:15

AET has applied for onshore licences:



“ANPG RECEIVED 53 PROPOSALS FROM 22 COMPANIES FOR THE ONSHORE BIDDING

November 16, 2023 | The National Agency for Oil, Gas and Biofuels, as a National Concessionaire, held today, in Luanda, the opening ceremony of the proposals for the 2023 bidding process, following the promotion of 12 onshore blocks, located in the land basins of the Lower Congo and Kwanza.

During the ceremony, and within the framework of the terms of Presidential Decree No. 86/18 of April 2, the proposals submitted by the various competitors were opened, which will now be submitted to a due diligence process, to determine the winning companies.

Below for information, the list of 22 companies whose proposals were opened and validated by the National Concessionaire. Of these, 12 were received online.

• 5 C OIL & GAS
• ACE CONSULTS
• ACREP, SA
• AFENTRA
…”

[johnmp] 17/11/2023 14:07

So how much of the new shares have the shorter bought into?

[mount teide] 16/11/2023 17:04

Chairman Jeffrey MacDonald buys 60,000 shares at a price of 30.60 pence per share

[mount teide] 15/11/2023 09:16

Expected Admission Date for new shares connected to the Angolan Acquisitions - Mid December.

[onedayrodders] 15/11/2023 08:48

Always a struggle to get through these 'round number' levels but looking good to start the journey to the 40's IMHO

[cf456] 13/11/2023 14:40

"The best is without doubt yet to come from Afentra and with more activity on the acquisition front I am happy to have a conservative Target Price of 100p on the shares."

[pnetol] 10/11/2023 13:53

Even more so with the directors buy

[tromso1] 10/11/2023 13:33

Thanks Mount Teide.

[mount teide] 10/11/2023 13:26

T1- Euroclear publishes a Stock on Loan Report early each month detailing the average volume of stock on loan during the preceding month.

[zengas] 10/11/2023 13:06

I think there a few r/pieces twittering over on LSE given the non stop attempts to talk it down. Huge vote of confidence this am.

[billy two cocks] 10/11/2023 12:48

I'm partial to a short or two (but certainly not here). Very alarming when the gap up occurs.

There will be some ringpieces twittering amongst that 3.58%.

[tromso1] 10/11/2023 12:37

Thanks Mount Teide. Short closing should certainly help boost the share price further in due course.

Where do you get the short position information from?

[cf456] 10/11/2023 09:49

Director buying RNS:

[someuwin] 10/11/2023 09:36

Cavendish

"Sonangol acquisition receives government approval Positive news from Afentra yesterday, which has received government approval for the Sonangol acquisition, offshore Angola. This should boost investor confidence that both this and the Azule Energy transaction on the same assets will complete before year-end. A successful conclusion to these two transactions, alongside the already completed INA acquisition, will deliver Afentra a material non-operated shallow water portfolio in an established and prolific hydrocarbon province containing significant production enhancement, development and exploration opportunities. The improved fiscal terms of the producing assets being acquired have also been approved by government and are the key driver behind a 45% increase in our price target to 54p/sh. These highly free cash-generative assets will provide a solid foundation for Afentra and an excellent springboard for its wider African growth ambitions."

...


"Our financial forecasts are summarised in Figure 6, below. We forecast 2023 revenue of US$20m assuming the Sonangol and Azule deals complete on 1 December. In 2024, the first full year including all deals, this jumps to US$113m at US$70/bbl Brent, rising further to US$171m in 2025 as planned investment delivers growth. Our EBITDA forecast rises from US$3.6m in 2023, to US$49m in 2024 and US$105m in 2025. At our 54p/sh risked NAV-based price target, Afentra would trade on undemanding EV/EBITDA multiples of 3.1x in 2024 and 1.4x in 2025."

[croasdalelfc] 09/11/2023 17:20

The headline contingent consideration for the Azule acquisition is a max $21m over 3 years ($7m a year) It is based on average Brent over $75 payable at $150k each $ over $75.2023 is likely around $1.35m vs $7m max average Brent $84 according to EIA2024 would be $1.5m at Brent $852025 would be $1.5m at Brent $85So that headline $21m is likely to end up below $5m .The Azule acquisition is the real bargain of the three as includes the above and Block 03/05A 16%