Afentra Share Discussion Threads

[lauders] 09/12/2023 01:37

Will firestarter1 look stupid by the end of the day? I hope so!

Mission accomplished!

Not really a Malcy follower, but since his comments weren't shared from his blog yesterday, here they are:

At long last Afentra can announce completion of the Sonangol deal which as CEO Paul McDade says above is indeed a major milestone but perhaps more important is that the effective date and which reduces the cash payment on completion.

It should not be ignored that in what is a very tricky sector Afentra has outperformed recently, the shares have nearly doubled from the 18.8p low and I put this down to the market realising just what a good series of deals that have been done and perhaps more importantly that Mr McDade still has more in him…

Accordingly I’m sure that come the January Bucket List assessment it will still be very much front and centre.

[mount teide] 08/12/2023 16:03

5.2m and counting transaction volume for the day - seems like the MM's are trying to manage the book to help some of those short positions to exit on the cheap!

[htrocka2] 08/12/2023 09:48

Some media coverage...

[onedayrodders] 08/12/2023 09:34

Nice opportunity from the market to build a position ... it's times like this I'm glad we are not a stock the boiler room Twitter gang like to pump

[croasdalelfc] 08/12/2023 09:02

The net debt/cash numbers for end 2023 would include the first contingent consideration payable to Sonangol of $3.5m and the up to $2m paid to INA hence net debt slightly higher than figures imply from the results end June 2023.Also cash burn ~$2.5m from June to end Dec. Cash burn will now be firmly in the rear mirror going forward .One last point is the $7m contingent consideration for Azule for 2023 will not be paid in full Brent is not high enough. They pay $150k for every $1 Brent averages above $75 - so around $750k.The accrued or sold barrels from Azule now top 1m barrels

[dr rosso] 08/12/2023 08:55

Supplementary AD published for Afentra for the Enlarged Group

[mount teide] 08/12/2023 08:38

Great news - a very good deal, which as suspected has outstanding numbers after the cash flow adjustments from the effective economic date.

Highly encouraging to hear that the asset is performing very strongly following the successful implementation of the initial work programme to optimise production on a huge asset, that has effectively been starved of investment since 2015.

These excellent Angolan deals should financially position the company extremely well to effect further highly material acquisitions in H1/2024.

[jeff114] 08/12/2023 08:03

And $20 mio in oil inventory

[lauders] 08/12/2023 07:56

Transformational Production Acquisitions

• Completion of Sonangol Transaction is a transformative event for Afentra
• Completion statement highlights asset cash flow profile and value accretive nature
of transaction
• Projected YE net debt and cash flow outlook ensures strong liquidity for future
value enhancing M&A
• Positive asset performance reflects potential for asset optimisation and
realisation of value upside
• Sonangol completion supports confidence in completion of Azule transaction later in
Q1 2024

From the ppt presentation in the link in the RNS. Only slight disappointment is last line (Q1 timeline). Other than that should be positive. Will firestarter1 look stupid by the end of the day? I hope so!

[firestarter1] 08/12/2023 07:49

70m Mcap20m debt2m cash Ouch

[firestarter1] 08/12/2023 07:47

Time for the sell off

[palisz] 08/12/2023 07:40

Afentra plc ('Afentra' or the 'Company') is pleased to announce the successful completion of the previously announced acquisition of interests in Block 3/05 and Block 23 from Sonangol,

[onedayrodders] 06/12/2023 07:52

I hope your physical advantage over the normal man has not made you overconfident

[billy two cocks] 05/12/2023 17:54

I reckon that in the fullness of time, £1.03 will be a distant memory.

Good luck all.

Thanks

BTC

[naughtynicky72] 05/12/2023 17:48

I need £103p Just Too Brake Even !

[pnetol] 05/12/2023 16:49

I think that's a 12 month breakout , really hoping that Malcy's "conservative" 100p price target doesn't seem so far fetched this time next year. Very bullish breakout when we are expecting the near term positive news on Sonogal GLA

[onedayrodders] 05/12/2023 16:39

Yep looking good:0)

[mount teide] 05/12/2023 16:33

Very strong finish on good volume.

[onedayrodders] 05/12/2023 11:23

Quick .. the elephant is slipping again

[lauders] 05/12/2023 09:52

Good to see the share price reaction yesterday after the RNS appeared. Hopefully there will be more buying before the next update as some try and avoid FOMO on the next leg!

[onedayrodders] 04/12/2023 20:46

Could be either .. same effect

:0)

[loafingchard] 04/12/2023 17:06

Are we wearing the marigolds or the elephant? ;-)

[onedayrodders] 04/12/2023 16:47

Is the elephant finally up :0)

[cf456] 04/12/2023 11:45

Today's RNS:

"EXPECTED ADMISSION DATE: Early December 2023"

vs 15/11 RNS

"EXPECTED ADMISSION DATE: Mid December 2023"

[onedayrodders] 29/11/2023 08:59

so do we Lauders

Getting through 30p is a bit like pushing an elephant up a hill in the snow wearing marigold gloves at the moment.

We'll get there