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AET Afentra Plc

0.80 (2.73%)
Last Updated: 10:30:31
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Afentra Plc LSE:AET London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 2.73% 30.10 200,501 10:30:31
Bid Price Offer Price High Price Low Price Open Price
29.40 29.95 30.10 29.35 29.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -9.09M USD -0.0413 -7.29 66.24M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:41:37 O 67,983 29.4297 GBX

Afentra (AET) Latest News

Afentra (AET) Discussions and Chat

Afentra Forums and Chat

Date Time Title Posts
29/11/202308:59Afentra PLC - energy transition in Africa925
23/12/200808:14Canadian Energy Trusts19
09/10/200608:38AET with Charts & News1

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Afentra (AET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Afentra (AET) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 by Afentra Daily Update
Afentra Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AET. The last closing price for Afentra was 29.30p.
Afentra currently has 220,053,520 shares in issue. The market capitalisation of Afentra is £66,236,110.
Afentra has a price to earnings ratio (PE ratio) of -7.29.
This morning AET shares opened at 29.35p
Posted at 28/11/2023 10:46 by cf456
Not half. Around 30p has acted as resistance for the past year.

Hopefully a breakout above the wide consolidation coincides with positive news and leads to a significant move upwards.

AET has excellent fundamentals, but the price action is frustrating. The market will catch on eventually.
Posted at 10/11/2023 12:37 by tromso1
Thanks Mount Teide. Short closing should certainly help boost the share price further in due course.

Where do you get the short position information from?
Posted at 24/10/2023 13:25 by zengas
AET should mirror Panoros growth

Panoro 3 year history on production, revenue, reserves, net debt, dividends and m/cap.

2020 Production = 2200 bopd.

Revenue $26.9m. Cash $5.7m. Debt $21.3m.


9th Feb 2021 Eq Guinea & Gabon acquisitions of 6900 bopd + 25 mmbo 2P for $140m .

Financed with $70m placing and debt of $90m from Trafigura.

113m shares in issue 21 NOK at this date = N2.37 billion = £174m m/cap.


RNS 23/2/22 = Year end 2021 Production 7495 bopd. Total 35.8 mmbo P2, Revenue $119.7m. Net debt $72m .

RNS 30/11/22 = "USD 20 million core dividend paid on a quarterly basis in cash weighted towards H2 and subject to average oil price realisation remaining above USD 80 per barrel after the effects of any hedging.

Target distribution for 2023 of USD 30 million subject to higher oil price realisation of USD 90 per barrel being achieved for the year after the effects of any hedging"


2023 Production

Q1 = 6,320 bopd

H1 2023 results = Revenue $66m. 'Net debt' at 30/6/23 = $50.4m

Working interest production averaged 7,220 bopd in the first half (H1 2022: 7,860 bopd).

71m NOK paid out in Dividends to end H1 = $6.7m paid out so far for H1

$6.7m paid out so far for H1.

117m shares in issue NOK 30 = N3.5 Billion = £260m m/cap against a an average broker target price of $4.18 or £390m m/cap


AET = same 2P, approx 6,600 bopd. A $10m future dividend = 3.5p or 12.5% at the current share price or 3.3% yield at a £1 target price = £220.5m m/cap or 15% discount to Panoro. Should track Panoros rising production via 3/05 peak target programme and 3/05A commercial start up - not to mention any further acquisitions.
Posted at 20/10/2023 18:57 by croasdalelfc
When M&P bought 20% in 2019 the block was producing 4600bopd net to them. 4 years later it is still producing 4350bopd with little intervention during the covid years and only the water flood and LWI capex since . Ie $11m on the LWI this year - It's nailed on that 4600bopd will be beaten on 2024 with further targeted investment (my words) into the water injection . A fantastic investment for M&P that AET are trying to match.Water injection has only reached 60% of capacity (4 out of 9 pumps) and is intermittent due to leaks, pump failures etc. Once stable and up to 80-100% capacity the field should easily reach 25kbopd (7500 bopd net to AET) PS the new tax terms started 1st Oct
Posted at 19/10/2023 09:02 by cf456
‘M&P results out this morning (so read across for #AET).

Q3 av. production 4,341 bbl/d net / ≈21,700 bbl/d gross (20% of 3/05) so for #AET (on completion, 30% of 3/05), >6,500 bbl/d.’
Posted at 10/5/2023 15:30 by zengas
Sunbed I think both have tremendous growth potential. Saves gas business alone is huge given it's infrastructure. I think there'll be further acquisitions beyond those currently and like i say it's how they fall in terms of announcing/completion when weighing up the entire risk profile rather than 1-2 deals in isolation.

Save doesn't intend to pay major dividends ($10m to start and i can see that delayed for now possibly due to Chad) as they direct funds into growing a renewables division which should add significant value in its own right.

A $10m dividend from say a 10k bopd production profile for AET would be a very decent return if the shares in issue stay at 220.5m - would be about 13% at these levels. So could be good value from a dividend if it gets closer say to $20m in say 2 years. I sold down ENQ2 bonds and IPF to build a better position in AET in terms of potential value for capital growth and dividend but happy to hold both SAVE/AET.

I posted here on 3/4/23 (637) re Panoro

Panoro Energy's m/cap = £233m
Net debt $46.8m
It's African 2P = 35.8 mmboe. Production = 7,000 bopd.

Their quarterly dividend is $3m ($12m/yr $70/b oil)

Also " Panoro intends to pay out a USD 20 million core dividend in 2023 on a quarterly basis in cash weighted towards H2 and subject to average oil price realisation remaining above USD 80 per barrel"

"If they too were to introduce a similar sized $12m dividend in the next year - 18 months it would be a yield of over 20% at these levels or 4.3% if the share price equalled 100p and a m/cap of £220m which would still be lower than Panoro"
Posted at 07/3/2023 11:00 by onedayrodders
TENNYSON Morning news – Afentra PLC – Angola completion update
Tennyson Securities, Energy Research
7 Mar 2023

Afentra (AET LN) has announced an update on its two Angolan deals. The INA transaction, which has received ministerial approval, is expected to complete by the long stop date of 17 April 2023 – despite the process being impacted by some additional paperwork delays. Meanwhile, regarding the Sonangol transaction, to allow time to finalise remaining CPs (most notably the licence extension), talks are underway with Sonangol to extend the long stop to 30 June vs. 31 March 2023. AET notes that the Block 3/05 partners are now in final discussions with the regulator ANPG around a licence extension to at least 2040 and expect it to include improved fiscal terms which will enhance field economics. Finally, an Executive Decree, dated 27 Feb 2023, has extended the term of the exploration licence on Block 23 to 2 Dec 2026. This will allow more time for the new consortium (AET and Sonangol) to discuss and agree the forward work programme.

For both INA & Sonangol deals, as the consideration is adjusted for cash flow accrued since effective dates, the deferral means a smaller cash payment on closing. In its latest presentation (published today), AET has included a completion statement for the INA transaction totalling US$18.4m. In addition, some US$15.2m worth of oil inventory (190k bbls @ US$80/bbl) has accrued to AET’s name due to infrequent crude liftings on the INA interest. As such, the net cash outflow on completion is estimated at just US$3.2m. A further US$10m is due on finalisation of the Block 3/05 licence extension. Taking today’s update into account, we estimate an aggregate completion payment for the INA + Sonangol transactions of US$40-55m (depending on the exact Sonangol closing date in Q2 and netting off oil inventory value) – some ~33-50% lower than AET’s earlier estimate (which assumed INA + Sonangol closing on 1 Oct 2022). Thus, the additional time taken to completion is far from all bad, in our opinion.

Alongside the transaction update, AET also reported latest production numbers for Block 3/05. FY22 output averaged 18.7 kbopd (4.5 kbopd net to AET’s 24% stake), compared to 19.2 kbopd for first 9M. This reflects planned downtime in the final quarter to improve the efficiency of power generation facilities with a view to achieving higher water injection uptime. These production numbers were already in the public domain courtesy of licence partner Maurel & Prom (Paris-listed). Encouragingly, AET notes a significant increase in average water injection rates in the first couple of months of 2023 which bodes well for production levels over the coming year.
Posted at 24/1/2023 16:20 by mount teide
The share price manipulation through the use of automated trades(BOTS) going on this afternoon is laughable.

A 227 BOT trade triggers a 2.76% drop to 28.2p, following which there were 55k of O trade buys at average of 28.8p that had NO impact on the share price, because 2 small BOT trades totalling 10k were used to keep the share price at 28.1p.
Posted at 10/8/2022 09:59 by ashkv
Stock Hunters it appears you are a newbie - should look at Enterprise Value = Market Cap + Debt - Cash for a full picture - as market cap per se is not representative more so when a firm has a lot of debt.

At today's Share Price levels for a deal that is yet to be completed AET is trading at a free cash flow which is approximately 4 times current Enterprise Value...

Whereas a firm like GENL at 137p share price is trading at 1.27 times its projected 2022 Free cash flow of US$250mn - and most other oilers in the same boat...rock bottom bargain prices...

As I conveyed - AET is not cheap... maybe it grows and rewards share holders but after today's rise is more than fairly priced for present business circumstances... let AET management provide the uplift in acquired assets and hopefully share price will reflect...
Posted at 10/8/2022 07:19 by ashkv
This self dealing insane - I am surprised the shares are not falling... WOW STAGGERING STUFF



CEO Nil Cost Options -> Such number of shares as equals 41.5% of the value created above a starting share price of £0.15 if a hurdle price of £0.30 is met up to a maximum calculated by reference to the issued share capital at time of grant

CFO NIl Cost Options -> Such number of shares as equals 27.5% of the value created above a starting share price of £0.15 if a hurdle price of £0.30 is met up to a maximum calculated by reference to the issued share capital at time of grant

COO Nil Cost Options -> Such number of shares as equals 31.0% of the value created above a starting share price of £0.15 if a hurdle price of £0.30 is met up to a maximum calculated by reference to the issued share capital at time of grant
Afentra share price data is direct from the London Stock Exchange

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