Afentra Share Discussion Threads

[albert35911] 23/5/2024 17:23

Due a big drop,we shall see eh rampers.

[mount teide] 23/5/2024 15:54

Closing auction of circa 87k at 57.2p - above the 57.0p Ask price.

Dropped into the close on modest volume - the long in the tooth cynic might suggest this is the market makers setting up the book for another strong trading day tomorrow.

[apotheki] 23/5/2024 15:20

Some well known big names there M T [either as entities or individuals]

[madhouse1] 23/5/2024 15:06

is sterling energy now afentra

[mount teide] 23/5/2024 14:52

Major Shareholders
21.17% - Askar M. Alshinbaev
6.60% - Credit Suisse Asset Management
4.90% - IG Markets Ltd.
3.98% - Athos Capital Ltd.
3.28% - Hargreaves Lansdown .
2.90% - Richard Griffiths
2.85% - Hadron Capital LLP
2.36% - David Newlands
2.36% - Paul McDade
1.68% - Ian Cloke

226.15m - Total Shares
119.25m - Free Float (52.7%)

Source: MarketScreener

[lauders] 23/5/2024 14:28

Thanks MT. That would explain it! This thread now removed as a "favourite" and the other one you started added in its place. Cheers!

[jungmana] 23/5/2024 14:15

One of my core holdngs. Been a brilliant 12 months here and I intend to hold this for at least 100p before selling any.GLA

[mount teide] 23/5/2024 14:13

Up over 9% on over 5 million transaction volume - the highest daily figure this year. And there were only two days last year with a higher daily transaction volume.

[mount teide] 23/5/2024 14:08

lauders - they post now on the new thread I set up with an updated header etc.

[lauders] 23/5/2024 14:05

Well that is a nice reaction to today's RNS. Surprised nobody posted anything yet! Busy all day and just found the time to check the price.

[ashkv] 23/5/2024 11:52

How much of the crude inventory translates to net cash post opex, taxes etc?

Share Price - AET-> 59
AET Current Share Price vs 52 Week low of 23.65p on 7 July 23-> 149.47%
AET Current Share Price vs 52 Week High of 59p on 23 May 24-> 0.00%
Brent-> $82.50
Shares Outstanding-> 220,053,520
Market Cap (GBP)-> £129,831,577
GBPUSD-> 1.275
Market Cap (USD)-> $165,535,260
Average AET Net Production Till End April 2024-> 6,800
Production Average FY 2023-> 4,478
Production Average FY 2022-> 5,970
Last Updated Cash (Jan 2024 RNS)-> $19,600,000
Net Debt On Azule Acquisition Completion 23 May 24 RNS -> $46,200,000
840,000 Barrels AET Crude Stock at $75 Brent Subtract 6% Petroleum Tax (23 May 2024 RNS)-> $58,430,400
Enterprise Value (Market Cap + Debt - Cash) (USD)-> $211,735,260
EV/Barrel Average AET Net Production Till End April 2024-> $31,138
EV/Barrel AET Net Production Till End April 2024 including Crude Stock-> $22,545
EV/Barrel (FY 2023 Production Average)-> $47,279
EV/Barrel (FY 2022 Production Average)-> $35,467
2P Reserves Post Revised Acquisitions-> 32,000,000
EV/2P-> $6.62

[controlledmadness] 23/5/2024 11:47

Does anyone know the costs per barrel including taxes and royalties. They quote figures of how much revenue at $75 per but the important figure is what is left to the company.
I make it that for the rest of the year they will have about 1.4 million barrels which means they have about 5 tankers (450,000 per tanker) in all.
That should cover all debt.

[fatfish] 23/5/2024 10:21

That's more like it, Sp looking a little healthier now. Bid and Offer on 58p ???

[roks] 23/5/2024 10:20

That's more like it....not in a hurry, waited so long.....for got it was SEY before 😀,

[mount teide] 23/5/2024 08:12

Investor Webinar Presentation - 10:30 BST / Tuesday 11th June 2024

Afentra's management team will host an investor presentation via the Investor Meet Company platform on Tuesday 11 June 2024 10:30 BST. During the presentation management will provide more details of the significant upside potential of Block 3/05 and 3/05A assets and the Company's plans to realise that potential.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 10 Jun 2024, 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet AFENTRA PLC via:

[onedayrodders] 23/5/2024 07:52

roks ... you could argue a lot of this news is in the share price already judging by it's excellent performance over the last few months. Many have not waited for confirmation and already invested.

Historically here it's typical for a delayed reaction to confirmation of good news, and I expect share price to firm up again and move on over the next few weeks.

Better to travel than arrive and big instant spikes on AIM are nearly always chopped in half or worse which adds nothing but Trolls to our thread.

I'm happy to continue under the radar and an orderly re-rating.

ODR

[roks] 23/5/2024 07:32

Not much of a reaction from the share price.....maybe better slow and steady.

[mount teide] 23/5/2024 07:32

Excellent news - Completion of the acquisition of Azule's working interest in Block 3/05 and 3/05A is bang on this week's expected date. And the final 'price' paid after adjustment for oil sold from the effective economic date of the deal and current 840,000 bbl of inventory an absolute steal, for such high quality, low decline production assets with excellent infill well potential, and the low cost tie-in of numerous yet to be developed nearby discoveries.

'The completion of this transaction presents a strong growth platform for Afentra to capitalise on further compelling opportunities in Angola as well as in target markets in West Africa as we seek to build Afentra into a leading African focused independent.'

As expected, Angola is the prime target market for further M&A activity - since they have been working on the next opportunities for 18 months, we should not have to wait too long before news of the next deal.

AIMHO/DYOR

[apotheki] 23/5/2024 07:00

Commenting on the update, CEO Paul McDade said:

"The completion of the Azule Acquisition is the final step in the complex process of acquiring a material equity position in both Block 3/05 (30%) and Block 3/05A (21.33%) through three separate transactions. We have now achieved our first goal of having significant exposure to these world-class production and near-term development assets. The next step, working closely with our Joint Venture partners, is to deliver the full potential of these assets for the benefit of all of our stakeholders while also reducing the carbon footprint of the assets.

As with the previous two transactions the acquisition structure ensures that Afentra benefits from the net cash flow from the assets while working through the completion process, significantly reducing the cash payment at completion. I would like to thank Azule, ANPG and all the other parties involved for their pragmatism and support through this complex process.

The Block 3/05 asset continues to perform strongly following the successful implementation of an ongoing work programme designed to optimise production from the existing wells. The completion of this transaction presents a strong growth platform for Afentra to capitalise on further compelling opportunities in Angola as well as in target markets in West Africa as we seek to build Afentra into a leading African focused independent."

[catsick] 23/5/2024 06:52

All looks very good, taking the inventory into account they get paid 8 million to take on a free asset producing well and loads of potential.... Will be debt free once all the current inventory sold with half of it offloading in June ...

[fatfish] 23/5/2024 06:14

That is indeed good news, I wonder where the share price will go today!!

[croasdalelfc] 23/5/2024 06:06

Boom! And tanker expected on Palanca for 1st June Amli Voyager.~$68m revenue