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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Afentra Plc | AET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.40 | -0.97% | 41.00 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.40 | 40.90 | 42.40 | 41.00 | 41.40 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 21/3/2025 09:36 by septimus quaid Putting some context on London's Alternative Investment Market (AIM), based on market capitalisation:Total AIM ≡ 4% of total FTSE 100 ≡ 75% of largest US stock (Apple) So, in market terms, AIM is pretty much a pimple on a pimple, witnessed by the blizzard of tuppeny-ha'penny daily trades in (such as) AET. There is so little real cash available from (mainly UK) investors to boost share prices. I really hope that AET inaugurate a maiden dividend, to at least provide some return for ordinary shareholders? |
Posted at 14/3/2025 12:56 by oilinvestoral Thanks for the cross ramp Danny but CRCL is a huge AVOID IMHO! Tobias is pretty much worthless and if any investors have a penchant for onshore Angola why not get exposure via AET and also get downside protection via a strong balance sheet, good management and offshore producing 7000 BOPD? What's the reason anyone would want to gamble on CRCL? I see the pumpers on Twitter who pushing it at 1.2P are now claiming they don't own it anymore ... The favourite at the 3:30 at Cheltenham isn't too bad .... |
Posted at 30/1/2025 11:49 by cf456 Very upbeat Investor Meet Company session. Next acquisition could be a biggie. |
Posted at 18/1/2025 10:14 by mount teide Angolan Assets - Bought for a net $9.7m.* Net 6,800 bopd Production - @ $23/bbl Opex. * 3.5 billion bbls oil in place * Net 52 mmbbls - 2P + 2C Reserves and Resources * Potential to double P2 Reserves at low cost * No infill wells drilled for >10 years - Over 20 opportunities identified * $50 million @ $75/bbl Brent - Annual Asset Cash Generation * 20% Long Term Effective Tax Rate * 5 Year Development Plan to increase production by >100% to 40,000+ bopd(Gross) by 2028 Fundamentals good enough to turn any self respecting trader into a 'buy and hold' value/growth Investor, where the real money is made! This excellent video interview with the CEO and CFO should be required watching for any shareholder or prospective investor: 'With these initial transactions, we have successfully proved our suitability as a credible counterparty for divesting IOCs/NOCs, our ability to deliver high value accretive deals, and to fund these types of deals through smart deal making. The market dynamics in Africa continue to support our inorganic growth strategy and we are actively screening compelling opportunities that meet with our commercial criteria. We look forward to updating the market through what will be an active year ahead for Afentra.' 'Selected as the preferred bidder for 45% non-operating equity in both KON15 and KON19 located in the Kwanza Basin onshore Angola.'......Very low-cost entry with significant potential upside. To be awarded preferred bidder status for a 45% working interest in these two blocks by ANPG the National Concessionaire (Granting Authority), with Sonangol, the Angolan NOC as operator, is no mean feat.....and a good steer as to the likely prospectively, as it was rubber stamped by these blocks receiving the most tender offers. It is inconceivable that Sonangol will not have been given first pick of these blocks as operator in the most recent licensing round. So, for Afentra to have been selected as a preferred bidder and awarded a huge 45% working interest is a major thumbs up with respect to the management's professionalism and competence in establishing itself as a highly credible counter party and partner - this will surely have not been missed by other divesting IOC's in Angola, and across the wider African continent. AIMHO/DYOR |
Posted at 31/12/2024 09:56 by onedayrodders Never ceases to amaze me how many AIM investors still think share prices just go upfatfish filtered |
Posted at 12/11/2024 12:39 by zengas From Up/S12 November 2024, Angola seeks investors to develop 10 oil discoveries hosting 500 million barrels of oil 10 dormant finds relinquished by supermajors and state oil company offered to industry Angolan officials have urged investors to move fast to secure access to an ever-dwindling number of exploration and development opportunities available in the country, including four blocks holding more than 500 million barrels of discovered, but untapped, resources that could be accelerated towards first production. The offering is the latest in a swathe of initiatives launched by Luanda since 2018, a year after President Joao Lourenco came to power, embarking on a massive shake-up and clean-up of the country’s upstream sector, creating the conditions for all varieties of E&P players to thrive. Under a just-instigated auction process, Luanda is looking for oil companies to develop 10 discoveries in shallow water Block 4 and deepwater blocks 14, 15 and 18, all of which are within tie-back distance of existing infrastructure. Perhaps the most sought-after opportunity lies in Block 14 where the former operator has handed three legacy finds to the state. The Gabela, Lucapa and Malange finds hold estimated contingent oil resources of 84 million, 95 million and 64 million barrels, respectively. Gabela, located in 400 metres of water, and Lucapa, in a water depth of 1500 metres, could be tied back to Chevron’s Tombua-Landana complex, according to the ANPG, while Malange, in 1200 metres of water, could be developed as a satellite to Chevron’s Benguela-Belize-Lobi Block 15 hosts three untapped finds — Mbulumbumba, Tchihumba and Vicango — and the abandoned Xikomba field, all originally discovered by ExxonMobil. The trio of discovered resources lies in about 1000 metres of water and hosts contingent resources of 58 million, 136 million and 18 million barrels of oil, respectively. ANPG reckons that production from Mbulumbumba and Vicango could be sent to ExxonMobil’s Kizomba B complex, which comprises a floating production, storage and offloading vessel and a tension-leg platform. These two finds “represent very good investment potential", said an upbeat Lombo. Xikomba was tapped by an FPSO and had produced 99 million barrels before being abandoned in 2019. Up for grabs in Block 18 is the former BP-operated Chumbo discovery which houses about 32.5 million barrels of contingent resources, and 277 million barrels of prospective resource, in waters 1575 metres deep. ANPG believes this find could be tied back to Azule Energy’s Greater Plutonio FPSO. The assets available in Block 4 are two abandoned fields — Kiame and Kiabo — which could potentially be developed through Sonangol’s Gimboa complex, as well as what are described as ‘free areas” that cover the bulk of the block. In a concerted effort to encourage investment, Lombo stressed that Luanda consistently talks with industry — incumbents and potential new entrants — to establish clear fiscal terms, gas legislation, transparency and definitive licensing schedules and, by walking the talk, boosts trust between government and industry. Luanda has also instigated marginal field legislation which applies to discoveries of less than 300 million barrels with an internal rate of return (IRR) below than 15%. This law, explained Lombo, would halve a company’s taxes, increase cost oil up to 80% and accelerate capital spending depreciation, all with the single goal of boosting IRR to more than 15%. Luanda’s latest piece of legislation, which has just been approved by the National Assembly, covers incremental production and offers better fiscal terms for every barrel of oil that is not classified as proven reserves. “It’s amazing terms for investors,” argued Lombo. In mid-October, 30 exploration opportunities were available, but two deepwater concessions — blocks 42/21 and 42/21 in the deepwater Namibe basin — have since been awarded to unnamed parties, leaving 28 opportunities on the table. “They’re flying fast. Investors, if you want to get hold of them, the time is now,” said Lombo. |
Posted at 22/10/2024 15:17 by mount teide Angolan O&G Sector'Up to 60% of Africa’s energy mix will still be fossil fuel driven by 2040' “Having the big players sell to independents is the future. It doesn’t make sense for TotalEnergies or Chevron to hold onto mature fields with declining production, so it’s a natural cycle to sell them to independent players, and Trafigura provides them with financial protection,” .........Matthieu Milandri - Head of Upstream Finance at Trafigura, who worked closely with Afentra on the acquisition of non-operating interests in offshore Blocks 3/05 and 3/05A. “We see great opportunities to acquire mature assets in Angola, reduce emissions from those assets and further develop them,” said Paul McDade, CEO of Afentra, adding, "We anticipate more large companies divesting in the future, with independents stepping in to acquire mature fields. We aim to continue working alongside Angolan companies, combining efforts to secure additional assets. The challenge lies in convincing investors to finance these projects.” Investors urged to respond to opportunities in Angola’s O&G sector - Legislative reforms aim to attract investors - Maritime Review(Africa) / 20th October 2024 |
Posted at 30/8/2024 12:03 by bleemster More food for thought:As a very frustrated large investor in Tende Energy (formerly Sirius Petroleum), I have seen one continuous broken promise after another (public facts). They have hidden the truth from investors for years (public facts), repeatedly delayed asset completions that happens to never be their own fault (public fact), assets that magically disappear in to the void never to be spoke about again (public facts) and now they're partnering with Somoil and Afentra (public fact). I urge you to look into everything Sirius has done, including their (what is perceived) delay tactics, missed deadlines (public fact), and continuously delayed accounts year on year (public fact). It even appears they intentionally delisted from the stock market to avoid market scrutiny (look in to Ororo and where we are with that today).It's no wonder many Tende investors are closely following this thread. What are they all waiting for? If the delay isn't on your end, and the usual excuses like government approval don't apply, then who is causing these delays? Tende? Somoil? Trafigura? NNPCL? Sonangol? Why would you need financing from us who is (officially LoL) way smaller market cap than yourselves which our 'official accounts' (public fact) show we don't have this sort of money.From the other side of the fence's perspective, the speculation/golf course chatter is that we're waiting for your side to announce the rest of the Angola deal, which no one believes, more like a merger or takeover involving you and maybe the names above.Find the reason for the delays, and you'll probably find the answer. This is not a rant nor a ramp, it's just laying out my thoughts. But everything I've said is researchable. My concern is not for Afentra, but is this finally the finish line for us (I hope) or another company Tende to screw over (public fact - too many to mention) |
Posted at 11/6/2024 07:22 by mount teide Afentra plc is pleased to announce that it will host a live online investor presentation today on Tuesday 11 June 2024 10:30am BST via the Investor Meet Company platform.During the presentation management will provide more details of the significant upside potential of Block 3/05 and 3/05A assets and the Company's plans to realise that potential. The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and add to meet AFENTRA PLC via: The investor presentation is now available on |
Posted at 23/5/2024 08:12 by mount teide Investor Webinar Presentation - 10:30 BST / Tuesday 11th June 2024Afentra's management team will host an investor presentation via the Investor Meet Company platform on Tuesday 11 June 2024 10:30 BST. During the presentation management will provide more details of the significant upside potential of Block 3/05 and 3/05A assets and the Company's plans to realise that potential. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 10 Jun 2024, 09:00 BST, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet AFENTRA PLC via: |
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