Afentra Share Discussion Threads

[cowie19] 11/6/2024 17:44

Nothing goes up in a straight line. MT is correct this is a buy and hold. Also, RSI is falling to more respectable levels allowing the add on trade.

[mount teide] 11/6/2024 16:02

Net 6,800 bopd Production - @ $23/bbl Opex.

Net 52 mmbbls - 2P + 2C Reserves and Resources

$50 million @ $75/bbl Brent - Annual Asset Cash Generation

All for a net $9m.

Fundamentals good enough to turn any self respecting trader into a 'buy and hold' value Investor, where the real money is made!

[eringael] 11/6/2024 15:50

Nearly a 10% intraday swing on the bid, investing is a fickle business

[eringael] 11/6/2024 15:46

Looks like traders moving on and some taking profits, perhaps expected another acquisition, happy to wait and let the business grow and flourish

[onedayrodders] 11/6/2024 12:55

ahhh that 'magnetic' round number is so strong !

[mount teide] 11/6/2024 11:52

Yes - the three came across as very impressive leadership team.

Paul's comments in today's presentation regarding M&A opportunities continues to strongly suggest to me that the next acquisition will most likely be a working interest in another large Angolan mid/late life asset.

[xxnjr] 11/6/2024 11:33

It was a pretty polished presentation. Was impressed with the finance lady.

[mount teide] 11/6/2024 10:52

Net payment of $9m for all three Angolan working interest deals in a world class asset is an outstanding achievement, particularly when considering the reinvestment potential.

[catsick] 11/6/2024 09:51

Seems what they are doing is well though out, initially doing light workovers and gas lift with 2-3 months payback which is a crazy IRR and accounts for the production rise,then over a few years doubling production with infill and satellite drilling which costs a bit more but easily covered from cashflow, plenty of other assets to develop too, would be nice to hear firm plans to drill or contract of some rigs ...

[fatfish] 11/6/2024 09:31

Had a tiny top up at 60.5p :-)

[someuwin] 11/6/2024 09:18

Maximise Value from Core Assets

▪ Optimising existing base production
▪ Increase recovery through well works and infill drilling
▪ Further life extension through development of satellites

Build on achievements in Angola

▪ Leverage relationships and first mover position
▪ Onshore licenses under negotiation
▪ 15 Bn bbls of discovered resources provide significant opportunity to secure further material assets

African M&A beyond Angola

▪ Broad regional network and relationships
▪ Pursue further M&A opportunities in West Africa
▪ Target assets with cash flow, proven reserves and unrealised upside

[onedayrodders] 11/6/2024 09:12

60p round number consolidation over ? Next stop 70p;0)

[mirabeau] 11/6/2024 09:04

It's popped

[mount teide] 11/6/2024 08:22

Afentra plc is pleased to announce that it will host a live online investor presentation today on Tuesday 11 June 2024 10:30am BST via the Investor Meet Company platform.

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



The investor presentation is now available on

[taurusthebear] 06/6/2024 13:20

FOMOs moving in before next week. :0)

[onedayrodders] 05/6/2024 16:43

Perhaps the share price consolidation we saw at 40p in play here and will lead to a push to 70p over the next month.

Either way a solid medium / long term buy or hold

[mount teide] 05/6/2024 15:15

In the month prior to the Opec+ June meeting 'speculators' had driven the short position in oil up to a multi decade high, equal to that hit at the height of the pandemic when oil demand was nearly 15m barrels/day lower than today's record 103m bbls/d.

[someuwin] 05/6/2024 14:02

Tennyson

"...We look forward to a fulsome update on the portfolio and growth prospects on 11 June at the planned investor presentation – the first opportunity to showcase the potential post completion."

[someuwin] 05/6/2024 10:17

Africa
Africa’s importance in the global energy and natural resource landscape cannot be overlooked as it holds a significant proportion of the world’s critical mineral resources. Harnessing these resources for sustainable development requires concerted efforts to overcome numerous obstacles such as aged and inadequate infrastructure and a legacy of limited investment. For many African nations, reliant upon oil and gas revenues while also facing challenges such as energy poverty, achieving a Just Energy Transition means ensuring a responsible use of their natural resources to generate revenues to fund their socioeconomic development.

As observed by the IEA Africa Energy Outlook 2022: “nearly 600 million people, or 43% of the total population, have no access to electricity”, Solving this imbalance, or energy poverty, requires a fair and orderly Energy Transition. To address this challenge, it is crucial that Africa be allowed to continue to benefit from oil and gas as a source of much needed revenues for its immediate Energy Security, while developed richer countries should lead the way in diversifying their energy mix toward low carbon solutions.

Strategic partnerships between governments, international organisations, and the private sector are crucial for unlocking the continent’s vast energy potential and accelerating the transition towards a sustainable future in a fair and responsible manner. Afentra is positioned to support Africa through its own Energy Transition, by leveraging our deep technical expertise in operating fields in the most efficient way, reducing emissions to a minimum and maximising value for all stakeholders."

[taurusthebear] 05/6/2024 09:17

Seemed rude not to add early doors. :0)

[mount teide] 04/6/2024 22:23

Annual Report - Block 3/05 - Production Development Planning

The 4,000 bopd production growth achieved over the 12 months to May 2024 for a total cost of $15m is remarkable and, highlights well the tremendous untapped potential of the assets. The result of a failure to carry out production development activities on Block 3/05 since 2015 and, drill an infill well since 2005.

This uplift in production was delivered through a combination of increased operational uptime of 87%, the successful delivery of 30 light well interventions and increased water injection volumes.

4,000 bop/d is 1.46m bbls/yr. At an average $82.5/bbl this would generate circa $120m of gross annual revenue.

'Light Well Interventions - In 2023, an initial phase of 30 Light Well Interventions (‘LWI’) were successfully completed. A further phase of 30 interventions commenced in September 2023 and are ongoing. To date this LWI program has delivered on average an additional 140 bopd per intervention at an average cost of $420,000 each, delivering incremental production and gross daily production rates exceeding 21,000 bopd during
the second half of 2023.

At current oil prices these LWIs pay back in less than 6 weeks. Gross production for the first four months of 2024 has averaged 23,000 bopd.

Further opportunities have been screened and will be ranked into future programs to sustain the base production. These future LWIs will also include gas lift change out of selected wells to further optimise production.

The result of these efforts was reflected in our 2P Gross reserves increasing to 110 mmbbls as of 30 June 2023 and a reserve replacement ratio of in excess of 150% in the first half of 2023. These reserves are from existing producing fields so do not rely upon the construction of new infrastructure which limits incremental emissions. The base opex associated with the assets is attractive at $23/bbl in 2023.

Production performance through 2H 2023 has been excellent and this data has not been incorporated into an updated CPR but will be added in the 2024 reserves updates.

In 2024, planning continues on the next phase of activities targeting continued production growth. This will consist of an initial phase of installing artificial lift in the form of ESP’s and heavy workovers with an investment decision in 2H 2024.

A further phase of investment will consist of infill wells and development of appraised discoveries.'

Page 37: Well optimisation and infill drilling has the potential to raise the 20,000 bopd base production to 38,000 bopd by 2028 and to around 42,000 bopd through development of the satellite discoveries by 2029.

'Artificial Lift project and Heavy Workovers - The aim of the installation of artificial lift with ESPs in the initial phase is to return production from shut-in wells that are unable to flow naturally. More than 30 opportunities were screened and 10 have been selected as tier 1 and 2 candidates. These projects are not currently in the reserve base.

Heavy workovers, such as gas lift change out, will enable additional existing well stock performance improvements. Sidetracks of existing wells will target bypassed oil pay. These activities are expected to grow near term production and will add incremental reserves.

New Wells - Longer cycle potential associated with infill drilling campaigns and access to shallower oil pools in the Labe and Malembo reservoirs are under consideration to further grow production and reserves. Over 20 opportunities have been identified across Block 3/05. These consist of infill wells in fields to target undrained fault compartments, development of appraised discoveries and near field wildcat wells.

Infrastructure Led Exploration (ILX) - The JV partnership have identified a significant opportunity adjacent to the Pacassa field. A well is being planned which when drilled, if successful, will be brought on stream immediately through the existing infrastructure. The JV partnership are re-processing existing legacy seismic data with the aim of identifying further targets and a modern 3D Seismic acquisition program may be considered.'

[croasdalelfc] 04/6/2024 20:53

Askar Ashinbayev owns 21.27% of shares . Up from 6% on Admission Sep 2023

[croasdalelfc] 04/6/2024 20:20

Lots of lovely snippets in the AR.... Here's one : next CPR to add ~25m barrels of 2P and 2C .....mostly 2P imo. Net 7.5m to #AETHere's another: Block 3/05A has the potential for 10kbopd with little additional infrastructure costs - at 21.33% u can do the maths!

[billy two cocks] 04/6/2024 18:09

Bought a few more this afternoon.