Afentra Share Discussion Threads

[croasdalelfc] 01/3/2024 08:06

Webcast at 09:00 with Q&A - there might be a few snippets on Angola hTTps://www.maureletprom.fr/en/article/2023-annual-results-webcast-audio-1st-march-2024

[croasdalelfc] 01/3/2024 07:32

Development capex pro rata for AET $22.5m

[croasdalelfc] 01/3/2024 07:29

hTTps://www.maureletprom.fr/en/documents/download/1561/2023-annual-results

[croasdalelfc] 01/3/2024 07:29

M&P : forecast 2024 production of 21500 bopd on block 3/05 (presumably inc planned Q3 shutdown.No news on block 3/05A but I expect continued production testing.I anticipate guidance of 5500-6500 bopd for 2024 from AET to account for unplanned downtime .

[croasdalelfc] 01/3/2024 07:26

I doubt it will be announced - but payment is a few days/week after the offtake as it becomes buyers oil at that point.

[noramping] 29/2/2024 13:54

When will the proceeds of the oil sale be announced/paid?

[someuwin] 29/2/2024 13:36

Cheers MT - I thought you might know a bit more about such things than GPT.

[mount teide] 29/2/2024 12:58

someuwin - from a technical perspective, the ChatGPT 'calculation' is a crude(in more ways than one!) calculation that was very lucky to have come out remotely close to the actual figure loaded in barrels - as its based solely on the internal volume change between the loaded and arrival draught, as opposed to taking into consideration the often large number of variables that must be taken into account to accurately complete such a calculation.


The tanker will have completed the sea passage to the FSO in ballast (ie, most of the seawater ballast tanks will be filled with tens of thousands of tonnes of sea water).

During loading of the oil cargo, for safety purposes some of the seawater ballast will be discharged to ensure the optimum stability of the ship is maintained and, in preparation for the sea passage to the oil refinery.

The Diamondway is a small VLCC and has a total oil cargo capacity of circa 1.07m bbls - so the 450,000 bbl cargo lifted will have been loaded in just a relatively small number of cargo tanks......supplemented by a now reduced but still materially significant volume of seawater ballast in many of the wing tanks for optimum stability purposes on the return sea leg.

So, the change in the draught of the tanker will not be solely due to the amount of cargo loaded but in addition would need to be adjusted for the net change in the amount of water ballast - and adjusted further for the change in hull form/internal volume at various draught levels, and weight differential per cubic metre between the volumes of sea-water and oil etc.

[itsriskythat] 29/2/2024 12:01

That ChatGPT calculation is impressive. Scary how many people could be out of a job.

[itsriskythat] 29/2/2024 11:55

Unusual to see such a large sell go through. That’s 450,000 sold at 38.5p. It’s hopefully loss of patience waiting for Azule and nothing more.

[someuwin] 29/2/2024 10:57

...I noticed on ShipTracker that they give a few details of the Tanker concerned. Being bored, I asked ChatGPT the following question based on the numbers available...

"An Oil tanker with Length = 277m and width=48m has an initial draught of 9.6m. After filling with oil has a draught of 15.5m. How many barrels of oil has it taken onboard?"

This was the response...



Obviously this is a simplification and the real figure will be less due to hull shape and internal configuration etc. So this calculation comes out surprisingly close to the anticipated 450,000 barrels of oil.

[tim000] 28/2/2024 15:13

Crude oil tanker Diamondway has now departed FSO Palanca.

[roman2325] 23/2/2024 11:32

Very interesting, and I know each market well. Good friends at Clarksons and Scorpio but I don't have the stomach to invest there!

I heard about Afentra through work, great management and the right backers. Very comfortable buying more as it rises

[mount teide] 23/2/2024 11:16

R2325 - now retired after a 40+ year career in the sectors - firstly at sea with P&O trading worldwide on General Cargo, Reefer, LNG, Dry Bulk, and Cruise ships, until I qualified as a Master Mariner. Then came ashore as a Port Captain, before moving up to run, with full profit and loss responsibility, a nine ship short sea freight ferry shipping company and, then a number of ports(which proved a stroll in the park by comparison to the boom and bust shipping sector), where the market downturns are without exception brutal, as evidenced by the Baltic Dry Index(cost to ship commodities by sea) falling 98% peak to trough during the last market cycle.

Still very active in the sectors from an investment/research perspective...currently hold a long term position in Clarkson(first bought in 2000), and circa two year holdings in Star Bulk Carriers (SBLK) and Scorpio Tankers (STNG) as investments for the duration of the recovery/boom stage of the latest shipping market cycle, which I expect to peak in these two sectors in 2026/7 - all three companies are global leaders in their own sectors - Shipbroking, Dry Bulk Shipping and Product Tankers respectively.

[roman2325] 23/2/2024 10:37

Thanks MT, did you say you worked in shipping/ports? Are you still active?

My background is energy we might have some crossover

[mount teide] 23/2/2024 10:35

R2325 - yes, to update the header with an overview of the excellent progress the management has made developing the business over the last 18 months, and to provide some useful links that may be of interest for further research.

There is a plenty of useful PI research and links/discussions of Broker Notes going back over 2 years posted on the old thread. Well worth a read.

[roman2325] 23/2/2024 10:10

Hi - is there any reason why this new thread was created?

(I am a new holder i.e. am i wasting my time reading the old thread?)

[mount teide] 23/2/2024 00:38

VJ2 & C2 - thanks - the strong post September uptrend does look very promising.

[chessman2] 22/2/2024 23:08

Thanks MT and I see we have an interesting uptrend here.

Having been a Tullow holder for many years I'm a fan of Paul McDade. The experienced management team is a great plus.

[kevjones2] 22/2/2024 21:38

Well done, Mount Teide. Great stuff.

[mount teide] 22/2/2024 21:15

Well done!

New AET thread with Company Overview, Presentations, Broker Reports and additional charts.....Moving Averages, Daily Transaction Volumes, and MACD Charts.

Still under development, so as a technophobe, would appreciate being cut some slack on its initial appearance and content.

[tim000] 22/2/2024 21:13

First post! 😁

[tim000] 22/2/2024 08:20

Crude oil tanker Diamondway now due to arrive at FSO Palanca at 16:00 hours Sunday.