Afentra Share Discussion Threads

[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!

[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