Afentra Share Discussion Threads

[tim000] 05/5/2024 10:39

The Azule website shows that the company has widespread interests in Angola, although there’s no detail on production levels per block. As you say though xxnjr, it seems quite likely that this sale to AET is a harbinger of a disinvestment strategy from Angola, to focus on larger projects such as Namibia.

[xxnjr] 03/5/2024 19:31

I see Azule have farmed into Rhino's block in Namibia's Orange Basin. Can't say I'm familiar with Azule's other assets in Angola but if they have success in Namibia it could possibly herald further Angolan mature asset sales, assuming there are more mature Azule assets to sell.....

[someuwin] 03/5/2024 15:16

Lots of buys all of a sudden.

[onedayrodders] 01/5/2024 07:30

Thanks Tim ... but I accept it was sort of inevitable!

[billy two cocks] 30/4/2024 17:17

Exciting times.

[mount teide] 30/4/2024 16:51

t000 - Guru indeed - 'into the 50's by mid May' ....... gets there before the last closing bell in April!

[roks] 30/4/2024 16:33

Same tomorrow? Nice....

[tim000] 30/4/2024 15:15

Well done to the guru, ODR!

[roks] 30/4/2024 15:02

Are we breaking out?

[mount teide] 30/4/2024 11:52

Some interesting research and opinions from posters Templeton and My Rhino on Twitter in connection with publication of a recent broker note and Government approval of the acquisition of the Azule working interest in Block 3/05 and 3/05A.

'Worth noting how far estimates for FY '24 have moved since they were last updated in (November)

PAT £42.5m (Nov £13.8m)
FCF £42.9m (Nov -£7.4)
Closing cash £9.8m (Nov -£30.7m)'.......Templeton


'Run a few numbers - My prediction for Azule completion are:

$25m net payment at completion (down from $47m)
570,000 barrels as stock in tank (worth circa $50m)

Let's see if I am right. Obviously would be quite positive.'......Mr Rhino

[cf456] 30/4/2024 11:31

"#AET Afentra going to replicate Serica and Rockrose Energy returns… hopefully. Positioned for that anyway!"

[return_of_the_apeman] 30/4/2024 11:16

Have sold a trading tranche on expectations of a technical pull back. Might buy them back if support at 50 is found later but if it runs away - c'est la vie :-)

[mount teide] 30/4/2024 10:37

Good to see 50p on the ASK side of the book for the new management team at Afentra this morning - its the highest shareprice the stock has seen since 2014, when Brent had previously been averaging over $135/bbl adjusted for inflation for a four year period.

[fatfish] 29/4/2024 16:34

Had a little dabble myself today.
Also, Mount Teidi, yes long may the trolls stay away.

[zengas] 29/4/2024 16:17

Quite simply doing what it said on the tin from day one under McDade and Co.

As time progresses and the next assets are added i expect it to progress to a future 4 bagger from these levels.

A wild card for further upward momentum in the share price would be a sucessful exploration well given the licence prospects reserves potential and RF in line with the existing producing assets.

[mount teide] 29/4/2024 15:21

Considering the exceptional potential here, and the fact the stock has quietly generated over 100% capital gain in a year.........highly encouraging that AET still remains little more than a small blip on the extreme outer edge of the investment community radar, and on a thread where church mice make more noise!

Long may it continue......as it's enabling well researched investors, as the investment case continues to strengthen, to average up on pullbacks at a 'value' price,

AIMHO/DYOR

[mount teide] 29/4/2024 13:44

Encouraging to see the shareprice continuing to push further North on strong buying pressure.

Including high 5 and 6 figure trades at the full ASK price.

[onedayrodders] 27/4/2024 13:02

Baron Investments
@baroninvestment
A very encouraging meeting held with #AET. Confidence further enhanced #Afentra

[apotheki] 26/4/2024 15:20

Afentra

Afentra has provided the following update regarding the previously announced Angolan acquisition.

Government Approval of Azule Acquisition

Afentra is pleased to announce that it has received approval from the Government of Angola for the previously announced acquisition of a 12% non-operating interest in Block 3/05 and a 16% non-operating interest in Block 3/05A from Azule Energy Angola Production B.V. (‘Azule’), pursuant to a sale and purchase agreement between Azule and Afentra’s wholly-owned subsidiary, Afentra (Angola) Ltd, dated 19 July 2023.

The Company is now working with Azule to finalise the formal completion of the Azule Acquisition which is anticipated to occur within Q2 2024 as previously announced. At that time, we will provide an update on the deal completion including the asset cashflow from the 1 October 2022 effective date.

Punja Discovery Block 3/05A – Enhanced Fiscal Terms

Following a request by the Block 3/05A partnership the Government of Angola have declared the Punja Development Area located in Block 3/05A, as a marginal discovery. As a result, the applicable fiscal incentives will be applied to this discovery, significantly enhancing the commercial value of this potential development.

Commenting on the update, CEO Paul McDade said:

“The Angolan government’s approval of the Azule Acquisition allows us to proceed with the completion of our third transaction in Angola providing Afentra a material equity position in these world-class assets. The improved fiscal terms for the Punja Discovery is another clear indication of the support given by the Government of Angola to parties willing to invest in their oil and gas sector. This further encourages us to continue to work with Sonangol and our joint venture partners to grow production and reserves as we develop the vast potential of both the producing fields in Block 3/05 and the significant discoveries within Block 3/05A.”

Approval for this addition in Angola that we already knew about is fantastic news and takes the stakes in blocks 3/05 and 3/05 to 30% and 21.33% on completion if my memory is correct. In addition the news about the Punja discovery means that the Government want to make it work and shows further assistance to oil and gas industry.

Theres a very good reason that the shares are in the bucket list and why they have doubled in the last year, with a target price of 100p they remain amongst the winners in the selection box, and what’s more, there’s more to come…

[cf456] 26/4/2024 14:39

"A very encouraging meeting held with #AET. Confidence further enhanced #Afentra"

[cf456] 26/4/2024 13:32

"Theres a very good reason that the shares are in the bucket list and why they have doubled in the last year, with a target price of 100p they remain amongst the winners in the selection box, and what’s more, there’s more to come…"

[eringael] 26/4/2024 10:51

Indeed and very generous of said posters to share their research and analysis with fellow investors, also nice to have a relatively quiet thread.

[onedayrodders] 26/4/2024 10:21

This thread is lucky to have such quality posters

[xxnjr] 26/4/2024 09:48

AO:PAT ATD: 2024-04-26 05:10
VN:DQT ETA: 2024-05-26 05:00

FSO Palanca has completed another offload. Suezmax class tanker Delta Blue is heading for Vietnam. Not sure what it tells us other than oil is still being produced!

Good news on the Azule approval.