Afentra Share Discussion Threads

[kevjones2] 09/12/2021 12:14

Oh well. Yesterday was the end of the Assessment of Preemptive Rights. Afentra seem to be still in the game.

[kevjones2] 07/12/2021 16:57

If I remember correctly tomorrow (08/12/2021) is the end of the next phase of the Sonangol process. Might be news on Thursday but these things take time - especially in Africa.

[kevjones2] 03/12/2021 12:28

In closedown pending a tender for some of Sonangol's blocks. Might be some news before Christmas but if the tender is successful it will probably take until about February/March to be signed, sealed and delivered. All good at the moment.

[roks] 03/12/2021 08:50

Whats happened here, my portfolio shows 100% LOSS

[sea7] 01/12/2021 20:28

well said stockhunters

[stockhunters] 30/11/2021 09:09

looking good for AET no news is good news when acquisitions are concerned

from the article good for us to see no shows and companies not able to access capital, AET does not have that problem

as for oil price down 20% from highs but let us not forget it has gone up almost 300% so a non event

[sea7] 24/11/2021 17:24

The vacated space has also opened up an opportunity for new foreign companies to step in. One such player is Afentra, a new Africa-focused company led by Paul McDade, former CEO at Tullow Oil. He has experience in the North Sea from his Tullow days. And what has played out in the last 25 years in the North Sea is playing out in West Africa.

“There’s going to be a migration of assets from much larger IOCs to smaller independent oil and gas companies. The majors have better places to allocate their capital. They see that these assets may be better off in the hands of a smaller, independent oil and gas company,” says McDade.


Afentra is looking across all Africa and has focused on production in West Africa. Nigeria has a number of well-developed indigenous companies, albeit ones which require significant funding.

“As assets become available is there the financing available for companies to acquire those assets? Maybe they need to co-join with international independents, bringing in the competency of managing the local operations with international finance,” says McDade.

[kevjones2] 24/11/2021 12:47

Further investigation leads me to believe there will be nothing finalised until February/March 2022, if successful. There should be RNS updates in the meantime.

[kevjones2] 07/11/2021 23:23

The article below is a very good summary of what's going on, and why, with Sonangol. It mentions that Sales and Purchase Agreements (SPAs) are hoped to be reached by the end of 2021.

[kevjones2] 07/11/2021 23:13

Sonangol announcement due tomorrow (08/11/2021). Might be delayed as African countries can often have bureaucratic issues.

Just did some research and the Kwanza region is an oil goldmine so to speak. I know now why Afentra's bod keeps referring to environmental standards: so does Sonangol's website. Could be a very interesting few days ahead if there are no delays.

[kevjones2] 02/11/2021 12:20

Indeed. Success on Afentra's first bid would be quite something, and no worries if bid does not succeed. A very good position to be in for investors who got in after the new board was installed.

[stockhunters] 02/11/2021 11:54

high chance we get block 23 I think

still have massive cash pile even if bidding fails

[kevjones2] 01/11/2021 15:53

Decision time next week.

[sea7] 19/10/2021 16:18

The “most notable region-focused independent” participating was Afentra, Welligence said. Tullow Oil alumni launched Afentra in May this year. “The only really big player to bid was Sinopec.”

[chesty1] 18/10/2021 10:52

They won't use cash in the bank that's to pay wages for the next 5 years drip drip!

Deffo placing will be had here for sure

[stockhunters] 09/10/2021 10:19

fwiw excellance we have $40million cash block 23 has a value of $10-$25million which you can see in the African presentation block 3/05 will cost a bit more but we can cover alot with current cash pile

both mega stuff for us but there a lot of bidders so do not count our chickens just yet

[excellance] 08/10/2021 20:38

Well, suspended.

Back to West Africa, so why did we need a name change?

Exciting times ahead if this bid is accepted, but a billion new shares to be issued no doubt.

[sea7] 08/10/2021 16:40

Sonangol is expected to award the oil concessions between October 7 and November 8, 2021.





sonangol bid process - block 3/05 is at around 39 minutes in and block 23 is 58 mins in

[2prsimo] 08/10/2021 14:11

5 other bidders on Block 3/05

[stockhunters] 08/10/2021 14:00

exciting times

[kevjones2] 08/10/2021 13:46

Expression of interest in Angola RNS.

[kevjones2] 08/10/2021 11:25

Hope they're not rushing into anything. 6 months is rather quick.

[stockhunters] 08/10/2021 08:46

exciting stuff gents taken 6 months to get to this point and the market is booming

[otemple3] 08/10/2021 08:24

Now will be the time to judge the BoD. Hopefully they have managed to pick up a quality asset at a decent price, which given we are valued at cash, should lead to a decent re-rate......Hopefully get some news / press speculation soon

[abid6814] 08/10/2021 07:44

Shares suspended. Deal incoming......