Afentra Share Discussion Threads

[johnv] 18/12/2023 08:59

UK Smallcap investor on twitter mentions that this spookily looks like Rockrose which went from 50p to 1850p takeover in 4 years.

[mount teide] 16/12/2023 15:50

Afentra - thoughts on the current valuation:

With asset production up 56% in 2023, H1 reserves replacement up 150% and a major improvement in license fiscal terms now renewed to 2040: suggests the management's previous $35/bbl break even price is now likely to have significant potential for a material downward revision.....with FCF generation going in the opposite direction.

So, what investors currently get for their money is a company with zero net debt and a market cap of $87m, generating circa $50 million free cash flow per annum at $75 Brent from a huge 3 billion barrel OIP asset, that has rapidly increasing production AND reserves as a result of being starved of production development investment for nearly a decade, together with low development cost satellite fields that could collectively add a further gross 10-20k bopd.

Even in these educationally devalued times - that's got to make a lot of sense!

AIMHO/DYOR

Declaration: I hold a 7 figure position at an average of 25.9p

[onedayrodders] 15/12/2023 14:22

Should start with a £1 handle at least

[someuwin] 15/12/2023 13:49

What are peeps thoughts on fair price here?

[croasdalelfc] 14/12/2023 14:01

Incidentally the CPR attributes around 13m barrels to AET if waterflood, workovers ,LWI and one well restart are implemented.Equivalent to less than 1.5% recovery factor increase.

[croasdalelfc] 14/12/2023 13:21

1% increase in recovery factors across the field is 30m barrels 2P - 9m net to AET .The size of the prize is huge

[mount teide] 14/12/2023 12:24

Tremendous 25,000 gross bopd production performance from Blocks 3/05 and 3/05A up from 16,000 bopd at the beginning of the year.

Shows the potential - after resuming intervention work this year for the first time since 2015.

[highly geared] 14/12/2023 11:17

15p a share free cash flow or half the current market cap! Crazy valuation. This should be £1.00/share all day long.

[croasdalelfc] 14/12/2023 10:37

7500 bopd - $60m FCF a year at least

[croasdalelfc] 14/12/2023 10:17

hTTps://x.com/jlawsonbaker/status/1735240425659576451?s=46&t=6X1g83YbY4t-D9n0LuuFngA note from Sonangol

[croasdalelfc] 14/12/2023 10:16

Production hit 25k from both blocks on 10th Dec!

[croasdalelfc] 14/12/2023 09:01

hTTps://seekingalpha.com/article/4657827-afentra-acquired-assets-worth-255m-with-only-37m-cash-heres-howGood article

[lauders] 14/12/2023 08:07

Does the recent share price action mean that the shorters are in control again? Seems rather surprising to see the retrace given the last positive news. Allows some to top up, or enter, I suppose!

[billy two cocks] 13/12/2023 15:55

Oil falling again and likely to fall further if Israel successful in Gaza.

Need to look at the long term here which could be very lucrative.

[kevjones2] 13/12/2023 15:39

COP28 and other global news not helping at all. A drop down was expected butt n ot this much. The companies I follow are all down today.

[onedayrodders] 13/12/2023 08:56

Someone tell that to Octopus Energy who just emailed me to tell me my gas bills are increasing again in January

[stockhunters] 12/12/2023 19:08

Issue is oil and gas is now cratering

[onedayrodders] 12/12/2023 15:50

Don't tell me I'm going to have to get the marigolds out again

[1senn] 12/12/2023 09:14

And the cost has been nothing after the next lifting in the new year .

Starting from scratch on 6k good

And the market still sleeps crazy

[croasdalelfc] 12/12/2023 08:34

Reserves are huge for such a small company : 33m 2P and much more if they can increase recovery factors by just 1 or 2 %The license extension to 2040 tells its own story. The new fiscal regime is very good too.

[dilip40] 10/12/2023 12:05

what is the netback per barrel

and any idea of reserves figure and what price is per barrel of reserves thanks

[1senn] 10/12/2023 10:25

What a bargain they have pulled off here paid for fully after next oil sale in Jan .

Cash cow so What's next fully expect a big deal to follow .and over £1 share price in 24 Great entry point should be closer to 55p on this alone imho

[mount teide] 09/12/2023 10:14

New fiscal terms from the Supplementary Admission Doc.