Afentra Share Discussion Threads

[apotheki] 22/12/2023 12:35

Managed to grab 25k at 36.2425p towards the market close

[chessman2] 22/12/2023 12:32

How annoying as I tried to buy earlier but couldn’t deal

The share price is now running away. One to watch in 2024.

[apotheki] 22/12/2023 12:31

LOL already in profit!

[apotheki] 22/12/2023 12:20

Just joined you chaps here as it looks to be seriously going places in 2024

[onedayrodders] 22/12/2023 11:37

AET givng us a nice re-rating xmas present

[excellance] 21/12/2023 22:14

This is looking great now, with a healthy oil price margin.

Can't see many negatives, other than the usual oil price variability as we potentially hit a recession, but with Yemen threatening the supply route for oil the west of Africa looks like a great alternative and should keep oil prices firm.

[kevjones2] 21/12/2023 20:56

Don't know of this is good or bad news tbh.
Share Message - Angola leaves Opec oil cartel in output quota row

[rimau1] 21/12/2023 13:47

Yes i agree this is positive. I suspect Angola was getting hit with a reduced quota based in historic failings around production rates. Hopefully means that the government is now fully incentivised to drive up production.

[walter walcarpets] 21/12/2023 12:47

Hmmmm.......Angola has left OPEC. Anybody know the implications for Afentra?

[donald pond] 21/12/2023 12:45

Angola leaving OPEC, suggests they want to max out production Very positive

[ashkv] 20/12/2023 14:58

# Trades 224
Vol. Sold 1,327,090
Sold Value £481.95k
Vol. Bought 1,769,046
Bought Value £639.80k

[ashkv] 20/12/2023 14:57

Share Price - AET: 37.5
AET Current Share Price vs 52 Week low of 18.85p on 24 Mar 23: 92.31%
AET Current Share Price vs 52 Week High of 34p on 11 Dec 23: 10.29%
Brent: $80.10
Shares Outstanding: 220,053,520
Market Cap (GBP): £82,520,070
GBPUSD: 1.265
Market Cap (USD): $104,387,889
Production Average FY 2022: 4,478
Production Assuming Acquisition Completion 3/05 & 3/05A (Nov 2023): 6,427
Block 3/05 2023 Production Forecast as of 8 Dec 23 (AET 30%): 5,730
Cash (HY 2023 Results): $15,700,000
Cash Outlay For Equity Component of Acquisitions: $20,700,000
Net Debt Forecast YE 2023 at $75 Brent (8 Dec 23 RNS) : $20,700,000
AET Crude Stock at $75 Brent (8 Dec 23): $11,900,000
Enterprise Value (Market Cap + Debt - Cash at HY 22) (USD): $125,087,889
EV/Barrel (FY 2022 Production Average): $27,931
EV/Barrel Production Assuming Acquisition Completion 3/05 & 3/05A (Nov 2023): $19,463
EV/Barrel Block 3/05 2023 Production Forecast as of 8 Dec 23 (AET 30%): $21,830
EV/Barrel November 2023 Production including YE Crude Stock: $17,611
2P Reserves Post Revised Acquisitions: 33,000,000
EV/2P: $3.79

[mount teide] 20/12/2023 13:59

Always encouraging to see a rerating driven by strong volume.

[rimau1] 20/12/2023 12:02

Apologies if posted alteady but i only just realised Lourenco met with Biden at the White House earlier this week to discuss closer economic, energy, infrastructure and security ties between Angola and the US. First Angolan president at the White House since 2014. Country risk (was) the only bear case here for me so maybe this is also a factor in the re-rate.

[donald pond] 20/12/2023 09:30

Expect the last of the weak holders to be exiting now. They've not understood the recent news and are being replaced by those who do.

[onedayrodders] 19/12/2023 17:50

Yep and some will remember I mentioned here last week ... OneDayRodders - 13 Dec 2023 - 15:58:55 - 960 of 984

That it wouldn't be long before another GEO political event of some sort suddenly appears to turn the oil price around ... and as if by magic .... "Voila"

1 minute ago ..
"Fears of higher oil prices after Red Sea attacks"



IMHO There is without a doubt a 'dark pool' controlling everything, we are just mere pawns in this game of life and survival ... it will never be exposed, so all we can do is try and profit by it.


Apologies for getting all 'heavy', and I'll drop the conspiracy theories now it seems I was vindicated !

Back to Afentra from here and their quality management who are looking after our money so well.

Couldn't be more pleased with progress.

ODR

[highly geared] 19/12/2023 15:40

Brent going back towards $80. All good!

[htrocka2] 19/12/2023 14:27

'Nice to see directors transferring shares into ISAs.'



'Ian Cloke has sold 617,190 Ordinary Shares and purchased 602,874 Ordinary Shares into his ISA'

With a maximum £20k Annual Allowance....how does one transfer £180k worth into an ISA....in one hit?

[puzzler2] 19/12/2023 12:47

I bought in today too.

[someuwin] 19/12/2023 12:38

Bought a few more today. This should be one of the star performers in 2024 - surely?

[spooky] 19/12/2023 08:42

Nice to see directors transferring shares into ISAs.

[onedayrodders] 18/12/2023 15:09

Let's hope so johnv

[mount teide] 18/12/2023 11:59

Block 3/05 - from my notes, the last infill well was drilled in 2005!