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We're 2 months into the Kon15 & Kon19 onshore Angola discussions, as preferred bidder on the blocks. We're also 7 weeks into the 2nd quarter of the Azule sign off, which is expected to be completed WITHIN this quarter. We're also just a couple of days away from the Final Results Annual Report (Thursday this week, I believe).
So many catalysts in such a short space of time.
70p+ is looking conservative!!
Looking for blockbuster results this week .Best get onboard now .
Looking very good. Deal completion followed by a next deal announcement possibly on the cards?
Unreal performance here. Feels like somebody might have gotten wind of the next deal looking at the price action. Life changing stock for me already and can’t wait to see it all play out!
Breakout into blue skies !!!!
Looking great here into next week. Well set for more ATH’s now.
Have a great week all!
Looking at reports for previous years the results were usually posted in April or March. Only last year was May and there is another in June.
Obviously waiting for finalization as the income for 2023 is affected by the acquisition being back dated.
Results posted on 16th last year so defo news next week .
I hate using that old cliche
"Wouldnt want to be out of this over the weekend"
It surely applies here.
Pushing on to a new level now once everyone who sold a slice or two realises they've sold too much and the next deal is around the corner !
Anyone heard from Terry , Bellamy loser lately?
He was wrong in the 20's, 30's, 40's and now get ready for him to carry on being wrong in the 50's lol. Morale of the story is, stay long whilst Terry stays wrong.
And there is the new ATH already.
I wonder if we can really kick-on here with a substantial rise.
I think annual results are due next Thursday - 16th May. I'd like to think they're pushing to sign off the deal before then, so it can be announced with the annual results.
I'm still buyin' :)
And likely to have new ATH's this week I think.
Hopefully official deal completion this week with a production update.
Annual results due sometime next week ?
I’m hoping for 100p+ this year
Azule completion- rerate when people realise the amount of cash generated
3rd/4th deals announced
Seeking Alpha post from Analyst Robert Whelan on news of the Government approval of the Azule Deal.
'Fantastic news this morning. Afentra have received the third government approval from the ministry of energy in Angola. This paves the way to completion of the final 12% of Block 3/05 and will add to the already completed 18%.
Production currently up from 18,100 2023 average to 23,100 bopd gross (30% or 7,000 net to Afentra ). 2023 estimated asset level cash flow to Afentra was $67.4 million so looks like 2024 will beat that easily. (better economic terms from 01 Jan 24 also).
Not bad for a company with a market capitalisation of £105 million!
Keep your eyes on this company folks'
Some may remember Robert publishing an incredibly well researched and balanced Seeking Alpha article back in December 2023 setting out the investment case for Afentra - its well worth a read for those that may have missed it, or for a refresh, as Robert knocked the ball out the park with the quality of his analysis.
Afentra Acquired Assets Worth $255m, With Only $37m Cash: Here's How:
https://seekingalpha.com/article/4657827-afentra-acquired-assets-worth-255m-with-only-37m-cash-heres-how
More realistic is probably that the SP will make 70p by the end of this year & 100p end of next year.
Dependent on what new deal(s) come through in the meantime.
Never forgetting McDade's stated aim to start paying a dividend by 2026!!
IMHO/GLA
Fabulous close - closer to my target a few multiples higher than here we go!
Yes and very happy to hold
Flurries of buys this afternoon.
“ i would hate to be out of this over the weekend “
No it isn't :)
There's plenty of good news still to come & plenty more deals as well :)
This is a buy and hold, then buy some more kinda share :)
Up to you but the “good news” is all fully priced in
And over a quid by the end of the year!
That's my guess :)
Just thought I'd post to get rid of Belle-end's negative subject header :)