Afentra Share Discussion Threads

[apotheki] 19/1/2024 10:25

Just added

[someuwin] 19/1/2024 10:21

Added today.

[mount teide] 17/1/2024 06:37

Angolan - As it seeks to diversify and grow its economy, the Angolan oil & gas sector is emerging as its leading catalyst.

Dealmaking in Angola's reformed oil & gas sector is even shaping the face of African M&A. According to a H2/2023 study by Rystad Energy, Angolan oil & gas M&A accounted for 70% (US$15 billion) of all M&A transactions on the African continent during 2022.

What a contrast to the brutal fiscal/tax reforms announced last year on North Sea O&G producers.

Recent legislative and fiscal reforms implemented to attract foreign investment and increase oil & gas production:

The government reduced the headline tax rates for marginal fields. For fields with discoveries of fewer than 300 million barrels of oil, the petroleum production tax was reduced from 20% to 10%, while the petroleum income tax was also reduced from 50% to 25%.

Paulino Jerónimo, the President of ANPG - the regulatory body in charge of regulating, supervising and promoting oil & gas operations - stated that the new fiscal and contractual terms are "focused on incentivising the exploration and the production of such reserves for both African and international medium-sized E&P companies."

The State Budget Law for 2021 further evolved the tax landscape by approving a reduction from 15% to 6.5% of the withholding tax rate applicable to services provided by non-resident entities to oil companies with permanent establishments or residency in Angola.

A new private investment law, also reduces the minimum capital requirement, facilitates the repatriation of capital and eliminates the requirement that local investors must have a 35% stake in foreign investment projects. This last point is a significant development, given the economic and legal challenges created by what was typically a carried interest.

Source: Bloomberg and International Law firm White and Case.

[lauders] 17/1/2024 05:39

One video that doesn't look like it has been shared yet: Check out Michael's opinion at 6.55 into the footage.

[mount teide] 16/1/2024 21:29

Angolan - As it seeks to diversify and grow its economy, the Angolan oil & gas sector is emerging as its leading catalyst.

Dealmaking in Angola's reformed oil & gas sector is even shaping the face of African M&A. According to a H2/2023 study by Rystad Energy, Angolan oil & gas M&A accounted for 70% (US$15 billion) of all M&A transactions on the African continent during 2022.

What a contrast to the brutal fiscal/tax reforms announced last year on North Sea O&G producers.

Recent legislative and fiscal reforms implemented to attract foreign investment and increase oil & gas production:

The government reduced the headline tax rates for marginal fields. For fields with discoveries of fewer than 300 million barrels of oil, the petroleum production tax was reduced from 20% to 10%, while the petroleum income tax was also reduced from 50% to 25%.

Paulino Jerónimo, the President of ANPG - the regulatory body in charge of regulating, supervising and promoting oil & gas operations - stated that the new fiscal and contractual terms are "focused on incentivising the exploration and the production of such reserves for both African and international medium-sized E&P companies."

The State Budget Law for 2021 further evolved the tax landscape by approving a reduction from 15% to 6.5% of the withholding tax rate applicable to services provided by non-resident entities to oil companies with permanent establishments or residency in Angola.

A new private investment law, also reduces the minimum capital requirement, facilitates the repatriation of capital and eliminates the requirement that local investors must have a 35% stake in foreign investment projects. This last point is a significant development, given the economic and legal challenges created by what was typically a carried interest.

Source: Bloomberg and International Law firm White and Case.

[billy two cocks] 15/1/2024 13:10

Elizabeth Bingham sold about £20,000 worth then bought back the roughly the same.

My guess is that Elizabeth Bingham has transferred a holding to an ISA therefore no tax on any dividends or CGT.

My other guess is that Elizabeth Bingham is expecting great things.

[chessman2] 15/1/2024 08:53

The start of an interesting year for AET.

Very quiet but working hard to bring rewards to investor.

[excellance] 13/1/2024 09:31

What the Ukraine war and Houthi attacks shows us is that drones and guides missiles are cheap, easily available, and very effective, and some of these weapons find their way to other regions where they could be used for terrorism, assassinations and crime.

The response by the powers has been very heavy handed, in Gaza the Israelis are destroying infrastructure and undertaking ethnic cleansing, while in Yemen two carrier groups are trying to protect commercial shipping by launching 161 cruise missiles on 61 sites which is not particularly effective and is extremely expensive.

Globalism is hanging by a thread as we move to a multipolar world and the belligerents choose sides.

[onedayrodders] 13/1/2024 08:24

People know these sort of incidents are short lived in terms of impact on the oil price and won't buy shares on that basis The short medium and long term looks great here IMHO

[kevjones2] 12/1/2024 11:50

I would have expected this to rise after the USA/UK attacks against the Houthis. PoO gone up 2.5% so far.

Mind you, that would be only be a temporary thing and does not affect the excellent longterm prospects either way.

[mount teide] 11/1/2024 22:53

An article that sums up well the tremendous O&G industry growth opportunities available to Afentra in Angola and the wider, rapidly developing African Continent over the decades ahead.

[onedayrodders] 10/1/2024 10:48

Thankfully it's not just about today

[return_of_the_apeman] 10/1/2024 10:37

Down through support @35p, could do with some more buyers today to close above that level

[jeanesy] 08/1/2024 15:11

price of oil has fallen 4% today. That is quite a big fall

[mrnumpty] 29/12/2023 20:06

Otemple . Afentra hasn’t been tipped in the printed , monthly version of Small Company Share Watch , but SCSW nonetheless has recently been making some very positive comments about Afentra on “ X “

[otemple3] 29/12/2023 17:53

Is that a new tip? I don't subscribeAfentra is totally different entity. Bit of history covered here https://www.energyvoice.com/oilandgas/africa/ep-africa/320392/afentra-mcdade-esg-producing/

[mrnumpty] 29/12/2023 17:04

Afentra is being strongly tipped by Small Company Share Watch . However , whilst I do realise that this is going back a quarter of a century , the share price was about £ 15 in August 1997 , rising to about £ 18 in December 1997 . Does anyone know why the share price then collapsed ? I am tempted here , and I’m sure the board of directors has changed in the intervening 25 years , but knowledge of the reason for the fall all those years ago would be useful .

[lauders] 28/12/2023 08:12

Some Angola related news and a bit about KON-11. I believe KON-15 and KON-19 are linked to AET in the New Year and hopefully good news will arrive on that front.



About KON-11 and the Kwanza Basin

As previously announced, KON-11 is considered a brownfield development and includes the historically producing Tobias field, drilled, and developed by Petrofina in the 1960s and 1970s, and inactive since the late 1990s. The Tobias field constituted 12 historic vertical wells, and Corcel and the operator believe that a revised interpretation of the existing structures along with the application of modern drilling and completion technology, including potentially adding sidetracks or horizontal drilling to the Field Development Plan ("FDP") will lead to a higher Original Oil in Place ("OOIP") figure recognized in the reactivated field and subsequently more producible field resource potential.

The traditional Tobias field reservoir is in the Binga limestone, located at a depth of approximately 700m along the crest of the structure, with 4-14% primary rock porosity which is enhanced by an extensive, naturally fractured carbonate system. Historic peak production at Tobias was 17,500 bbls/d with 29 MMbbls produced over the life of the field.

Corcel's estimated unproduced prospective oil resources are 65 MMbls with 11.7 MMbls net to CRCL. The field will qualify for marginal field fiscal terms, as outlined by the Angolan government, resulting in advantageous royalty, tax and depreciation regimes.

[burtond1] 28/12/2023 07:53

10 Oil and Gas Companies to follow in 2024https://total-market-solutions.com/2023/12/10-oil-and-gas-companies-to-follow-in-2024/

[smackeraim] 28/12/2023 07:29

CRCL Rns with Sonangol Tobias-14 Initial ResultsThe TO-14 well penetrated the entire Binga reservoir section (~80m column) with potential pay zones seen in multiple intervals. TO-14, with a total depth of 781m, was drilled in close proximity to TO-4 as an offset well from the best historic producer in the original Tobias field; a well which produced at its historic peak 12,580 bbls/d despite only penetrating the first 8m of the reservoir. 

[return_of_the_apeman] 27/12/2023 18:34

Watching to see if this can break 40p

Next resistance levels are 57, 85 and 175p

[kevjones2] 27/12/2023 13:29

I despise rampers but it's hard not to be very positive about Afentra. It really does seem to be going places.

[chessman2] 27/12/2023 13:28

Got some early at 36.5.

AET is looking good with an interesting year ahead.