Afentra Share Discussion Threads

[1jonnyk] 28/4/2022 09:20

In case there's any confusion, I've been in touch with their comms firm Buchanan and the webcast is at 10:00am. They have updated the link too:

hxxps://webcasting.buchanan.uk.com/broadcast/625eab44841dd838fd0be737

[stockhunters] 28/4/2022 08:19

Yes Kev what a result! they beat many other big companies over the finish line and they had to contend with a $40 rise in oil to get the deal aswell

[septimus quaid] 28/4/2022 08:18

There seems to be some confusion over the start time, this is the reply you get when you register:

EVENT DETAILS
Event:
AFENTRA
Date:
Thursday, April 28th 2022
Time:
9:30 am

[kevjones2] 28/4/2022 07:59

Wow. What a deal. I wonder when it will be re-admitted. Maybe we'll find out more at 10am. Still, a longer way to go than expected but still very quick considering the boys announced their plans only in May 2021.

"The next steps will be to complete our due diligence process and to conclude our discussions on the debt facility to fund the acquisition, with a view to completing the transaction in the third quarter of 2022."

[septimus quaid] 28/4/2022 07:31

Update re apparent success of Angolan E&P acquisition issued via todays's RNS. Subject to registration, live audiocast can be accessed via the following link:



Today @ 09.30

[excellance] 28/4/2022 07:30

And now we have a business, for $130m

[kevjones2] 26/4/2022 20:22

It's a big deal. Both parties want to get it right. Hopefully it'll be quicker but having been in and out of Aminex (operate in Tanzania) for 8/9 years nothing would surprise me re African nations' negotiations.

[stockhunters] 19/4/2022 20:20

You think 3 months? I was thinking a few weeks

[kevjones2] 19/4/2022 16:29

Only a couple of more months to go - possibly 3 months. Can't believe how quickly things are moving for Africa.

[palisz] 12/4/2022 06:23

Afentra plc confirms that Sonangol E.P has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23.
Progress going well....should e a big bounce if this goes through.

[stockhunters] 09/4/2022 16:11

if i recall a while back someone posted a company that owned 20% they were on about 4000bopd (with a few maintenance downtimes aswell)

[divmad] 09/4/2022 16:01

Price paid? Funding split between fresh equity and debt? Net bopd production forward-looking to Aet?

Listing document needed.

[stockhunters] 09/4/2022 14:54

this has to be one of the best small cap deals in a long term a $40 rise in price and they still let the asset go to AET

[cornishtrader1000] 08/4/2022 19:04

In a statement to which Agência Lusa had access on Friday, Sonangol states that Blocks 3/05, 4/05, 5/06, 15/06, 18, 23, 27 and 31 were open to public tender for the partial alienation of its participatory interests.According to Sonangol, for the places in production, Afentra (20%) were selected for Block 3/05; for Block 15/06, Namcor, Sequa and Petrolog (10%); for Block 18, Somoil and Sirius (8.5%) and for Block 31 Somoil and Sirius (10%).For the blocks under exploration, the Angolan state oil company selected for Block 23 Namcor, Sequa and Petrolog (Operator 40%) and Afentra (40%) and for Block 27 Namcor, Sequa and Petrolog (35%) and Somoil and Sirius (25%).After evaluating the bids received, the companies that presented values that were closest to those established in the conditions of sale defined by Sonangol were selected.

[2prsimo] 08/4/2022 19:00

Nice - thanks for the link Cornish

Looks like Afentra got one producing block and one exploration block

[cornishtrader1000] 08/4/2022 18:44

See link on Sirius Petroleum thread.

[stockhunters] 07/4/2022 07:48

it is africa things take longer all will be good soon enough

[chesty1] 05/4/2022 13:47

Nearly 7 months & nothing from the "management" NICE!

[kevjones2] 24/3/2022 22:04

Moronic comments from chesty. As if Afentra (or any other company) could dictate the pace of a sale by another company. Judging by his posts I'd say his lack of success with Sterling was more down to his own stupidity. Time to filter.

[stockhunters] 24/3/2022 11:16

chesty clear you have beef with old management

[chesty1] 24/3/2022 08:49

zzzzzzzzzzzzzzzz

Management still asleep then...sssshhhhhhh!!

[stockhunters] 14/3/2022 13:52

chesty you know a new board took over last year?

Unless you are new to the markets you would know acquisitions lead to suspensions 3-6 months is typical

[yawn1971] 11/3/2022 08:19

Tumbleweed still passing through here.... Come on !