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Last post: ChartaRex, 14 Jun 2024 12:41
Crawshaw,
Lol!
Great minds think alike :)
Good luck :)
ChartaRex, are you me? Just did exactly the same.
Good luck with that. I just bought another chunk at 55p (used some of my Raspberry Pi profits).
….like a lead balloon! I’ve put in an auto purchase at 49p!
Started: Valhalla14, 14 Jun 2024 12:21
Last post: Valhalla14, 14 Jun 2024 12:21
There is a gap fill down to 53.97, looking for support there.
Last post: Devil2789, 13 Jun 2024 19:23
80’s before 40’s unless oil drops of slide of a cliff
40s before 60s!?
Glad you made profit I like the way you wait for drop to say! I’m still predicting we hit a new high this month helped with oil perking up.
June lift or KON block updates soon?
My sell at 57.75p is looking very sensible now. More to drop before we see an uplift. Gl all
Started: rifteastafrica, 13 Jun 2024 15:14
Last post: rifteastafrica, 13 Jun 2024 15:14
Production low hanging fruit with Light Well Interventions
They're not going to rush the payment of the Debt Facility back, building cash instead
600-800 k lifting to do in August - Brent $82.73 plus Palanca $1/$2 premium
Q3 Shut Down only 3 weeks long!
More Deals being assessed
Started: ChartaRex, 12 Jun 2024 06:20
Last post: Curio1, 12 Jun 2024 09:36
Even the way he linked his initials to his name! Not very imaginative!
Looks like we were right. He's gone :)
Yep, back again under a different alias and this time with a different angle - they're now a holder despite deramping from 20p upwards.
This has been going on for years and years, they need serious help from a medical professional.
I believe JPBrown is JW Bellerby or JAdams. I've reported him/her/he/she/it/cat this morning.
Not gonna put up with the disruption on this board.
Started: donmac101, 11 Jun 2024 01:41
Last post: Quiggers52, 11 Jun 2024 12:32
Great to see this slipping back
Gonna use SLP divi to buy in more but HL not released yet - Goddamn thieves
Donmac don't miss the boat :-)
GET BACK IN QUICK :-)
Yeys ur aw talking shiezer Mcdades his something tae say would be rnsed so tuesday s news will be update on production et al so stop pumping.
Started: BJoe, 10 Jun 2024 10:57
Last post: ChartaRex, 11 Jun 2024 09:42
Not sure why we're going up this morning, McDade's not going to reveal anything material without an RNS.
I expect a pullback later this afternoon.
Even if we get no ‘new’ news last count they had reviewed 50+ potential deals how many now. Just giving more detail on current assets will help.
What’s strategy for year buy backs / new deals / KON block plans? / Dividends?
I'd imagine there'll be a 7am RNS to discuss new information. Disappointing if not. Otherwise, it is just explaining what we already know.
Looking forward to this call tomorrow. Enjoy everyone!
After that, at any time the next deal could bounce!
I expect some interesting questions to be asked at this online forum & also some rather important news updates on AET current activities & future A&E.
Should result in an upward movement in the SP.
GLA
Started: Valhalla14, 10 Jun 2024 07:50
Last post: Axelrod111, 10 Jun 2024 08:06
Should see some new ATH's this week! Should see some strong volume return
ALMI VOYAGER arrived at Saldanha oil terminal jetty in South Africa from FSO Palanca and is currently offloading.
https://x.com/14Valhalla14/status/1800056771500761209
Started: rifteastafrica, 4 Jun 2024 12:42
Last post: Devil2789, 9 Jun 2024 23:12
RNS new deal tomorrow be nice
If not new high from new info from webinar (Tuesday) be nice
It all depends on the lifting schedule what fits into the year or whether they carry over inventory into the new year. But over the longer term its pretty easy
30% x say, 23000 x oil price, say $82 x 330 (note below) days
dont know how long shut down is
I make it $170m with an allowance included for downtime/maintenance 87% efficiency.
Have not read the report yet; plan to this week.
Do you have an estimate of revenue for Financial Year End 2024?
I`ve heard $160m. $220m
Going once, going twice!!
Seems to have been a rush to get accounts out of the way.
Another deal while accounts not complete would have been problematic as disclosures on the new deal would be required.
Started: JackB14, 31 May 2024 23:22
Last post: rifteastafrica, 4 Jun 2024 09:18
Paul McBag ! Love it made me laugh out loud nice one!
The details of how this is achieved is Paul Mc bag. However a £500m Mcap = £2.22 share price. Have a great weekend holders.
Started: Valhalla14, 3 Jun 2024 16:07
Last post: JCEP, 3 Jun 2024 17:18
Solid sleuthing Valhalla
Tanker Almi Voyager has left FSO Palanca after loading and is now increasing speed on route to Saldanha oil storage and blending facility, RNS to follow soon hopefully.
Started: ChartaRex, 30 May 2024 07:40
Last post: control.madness, 31 May 2024 10:30
On top of the 390,000 you can take it that they have the 6054 bbl for another 7 months which is about 210 days.
That approaches another 4 loads by the end of the yead .
So your 2024 revenue is going to be about 226 million for 6 loads (including February).
Dealt with on the last few pages under 8. Subsequent Events
This month (June) $37,700,000 incoming (at $75 spot) leaving another 390,000 bbls as inventory
That`s another $29.2M @75
= $67M rev
Not counting daily c6054 bbls (at 87% efficiency)
(AET state the gross production of both Blocks 3/05 and 3/05A at 20,180)
You have to add the $32.401 million on Acquisitions Note 7 to the "revenue" shown in the Income Statement ($26.4) to give $58.808 million. On top of this , the Azule 12% which has now proven to be ours, had a lifting of $75 million (a year's worth from October 2022 to October 2023)
That would get you closer to the real revenue of $134 million for Afentra 30% in 2023
We all know the "revenue" was actually much higher than $26.4M right?
They're only counting the INA lifting , where they were closed. However we all know there was an Azule lift last September and Sonangol lifts all year round that contributed to reducing our acquisition $$$payable
We all know this is Accounting "Shennanigans" right?
Super inter-day reversal here. Primed for the next ATH's again. Very nice.
The results are ridiculously good as expected.
I wonder if we get morning RNS on June 11th with another backdated acquisition.
Started: rifteastafrica, 26 May 2024 10:14
Last post: ChartaRex, 29 May 2024 12:30
Could the KON 15&19 deals be ready to sign off?
Or something else........?
Lots of trades today (compared to yesterday) WHO KNOWS WHAT??????
Nice to see the oil price flying just in time for the 450,000 Bbl lifting. Serious cash generating
Or a step doon if like me having bin in since 15p took a chunk of profit he hee
Tomorrow and rest of week as we get closer to the mysterious 11 June Presentation Date. Don't lose the opportunity to be in for the next deal which could be a STEP UP!
Started: Walkersworld, 24 May 2024 11:11
Last post: Devil2789, 24 May 2024 14:13
TBH the only way this goes private in my view is if Askar Alshinbayev wanted it all but he could have already done that. He holds 21.27% of all shares.
In the short term anyway, who knows down the line when hopefully share price much higher.
100+ this year now doesn’t seem so hard with 1-2 more deals and favourable oil and production updates
I do, unfortunately. I worked for a firm where KKR "acquired" us and then got laid off shortly thereafter! One person`s "acquisition" is the counterparty`s "divestment"; it is just the other side of the coin.
The day-to-day management normally remains the same after the hatchet has been wielded!
BAU, yes indeed. Here, any PE would be buying Paul and his team. No doubt about that.
By "big boys" I assumed the OP meant one of the oil giants, not a PE, which is possible I agree.
Also, its a "start-up" that has an MCAP of 135M. Not so small anymore.
Quiggers. Not sure you know how Private Equity works. Its not a divestment.
If a fund takes a majority stake they can help fast track Afentra to IPO as a FTSE listed business after the usually 4 year cycle. In my view that would be the only real outcome. Could also see a fund taking a minority stake, but less likely.
Paul would still stay at the helm "prove a point" as you say.
Furthermore, the senior leadership stand to make a massive personal financial gain from it via sweet equity.
Quiggers52, Thank you 😊. Appreciated.
Started: Bagzzz718, 24 May 2024 09:13
Last post: Devil2789, 24 May 2024 12:11
Congratulations Baggz, I hope you’ve made a decent amount to hopefully offset/ take pain away from other shares.
Isn't Baggzzz Terry and JWB ?
Always happy to be proven wrong when in a share that goes up! 😆
I wonder why you were so unnecessarily pessimistic before Baggzzzz - surely this is what investing is about. Spottng a good company and then patiently waiting for movement. Much healthier than spikes and dips
Just looking for my hat to eat! Good work…happy to see my investment 60.42% up! Hope the momentum continues!
Last post: Quiggers52, 24 May 2024 10:40
Hey Rift:
Two Qs if I may (always good to second 2nd opinions):
What`s your fair value?
Have you run a DCF valuation?
Muchas gracias
Very happy with the progress but these assets are worth a lot more than 60p.
Excited about the next deal and delighted McDade Cloke and Deulina are at the helm.
Onwards and Upwards
IIs will be waking up to this interesting fact here.
At 59p the Market Cap (MC) is £133,434,400.
Azule alone, prod. = 6,800 bopd [28% aggregate stakes in Blocks 3/05 and 3/05A] based on Jan - Apr 2024
Assuming USD of 75 and same prod to EOY = rev in GBP equal to 75% of today`s MC.
In 8 months, Azule rev ONLY = three quarters of today`s MC.
Wowzers.
(I`m not "Terry" btw. - whoever that is)
Bye bye 60p hello 70p?
The base has now formed with Afentra now a circa 7000k producir. The risk of the deal Azule falling through was massive, being nearly 50% of the production. New deals and organic growth will occur, but the safety net under the Mcap currently is outstanding. Daily movements should be ignored and just let this company growth. It's how you make your millions, for example when Baron held SQZ from the low pennies to ~£1.30. Risk removed enables easy holds no matter what profit youre in.
Last post: Glengarth, 23 May 2024 13:05
Wonderful stuff but still only early days. Management doing very well on the deal front so far. The financial strength of the company makes it look primed for more deals. This company could be something very special.
Started: ChartaRex, 3 May 2024 10:19
Last post: Walkley, 23 May 2024 08:50
Presentation (on web site) says oil stock is worth $63m -$75 per barrel. $33m due in June.
Inventory of 840,000 barrels = $42million @ $50 per barrel.
Next month will be the second time we've lifted 450,000 barrels this year. Realistically, we can expect 2 more lifts between July and December.
I expect 70p+ in quick time.
This is a cash machine.
Wouldnt even be reaching the NAV they say Block 3/05 is worth - see the CPR
That's 6+ months away. Has to be doing 125p+ in my view by then.
Think we'll see 85p by end of June IMHO
100p end of the year is my prediction here gtrat time to be holding
Started: CrazyFox, 20 May 2024 13:43
Last post: donmac101, 23 May 2024 07:53
21 million in bank at completion,$570k a day flowing into coffers as well .
Nice to see the azule breakdown , given the inherited oil , they get paid $8m to take on this asset ! what is not to like
! offload the inventory and debt free , with half being offloaded in June ...
Those are some heft late showing buys. Woof!
Hopefully Azule completion this week, wouldn’t worry to much about calculations all will be clear when they do investor presentation.
I read somewhere in one of our updates that we were producing for 87% of the year, ie. downtime of 47.5 days per year. That need to be reflected in your figures.
Also there's a PIT (Petroleum Income Tax) of 7% that needs to be deducted from your figures.
Started: ChartaRex, 22 May 2024 19:39
Last post: Devil2789, 23 May 2024 00:54
Nothing wrong with people taking profit, 60+ on its way
This is only the start of the company's growth phase. Much organic growth and further purchases to come. Deal closure will likely overlap with financials. Lots of people sitting on 6 figure profit. This is only the begining though. IMO
Chartex
This run up is not warranted. This will go south from here-expect 35 p in the next month or so.
Some very large sells showing. Never good to see I'll be honest.
*reinforces :)
Started: ChartaRex, 22 May 2024 17:04
Last post: ChartaRex, 22 May 2024 17:04
Final results were exactly a year ago, so I'm thinking Mr McDade's possibly waiting for the Azule sign off so he can put it all out in one go.
Let's hope so :)
Started: rifteastafrica, 22 May 2024 09:11
Last post: JCEP, 22 May 2024 11:00
So it is...oops...never mind !
Think you will see its a sell ,look at time stamp!
Looks like a buy just went through for 150,000 shares at 55.40...bullish....which I like !
Agreed. Only natural to see a slight pullback today. However, that could imminently change.
I have learn't with this share not to be concerned on longer than expected news.
Really eager to see the current state of the finances and revenue etc
I would say completion is "imminent" and by that i mean it could complete today at lunch or tomorrow morning.
Next deal is also probably imminent
I know Rift. But 89p isnt on the ASK yet haha
Yeah but NAV is easily over a pound. ERCE reserve auditors calculated £0.89 when Brent $75 and production was ~18,500
Paid.
Started: MountTeide, 17 May 2024 16:29
Last post: rifteastafrica, 18 May 2024 11:52
Paul McDade talked (check youtube Afentra interviews) about "proactively" chasing acquisitions (aswell as bid rounds)
This is interesting in the context of the Next Deal. It could come from any bilateral discussions
Angola's new Incremental Production Project providing incentives to O&G companies to produce additional volumes bears early fruit, as Block 15 partners, Exxon, Azule and Sonangol make a new offshore oil discovery.
ExxonMobil(Azule Energy and Sonagol) hits oil offshore Angola and takes steps to search for more hydrocarbons - Offshore Energy - May 15th
https://www.offshore-energy.biz/exxonmobil-hits-oil-offshore-angola-and-takes-steps-to-search-for-more-hydrocarbons/
Started: Quiggers52, 17 May 2024 10:12
Last post: Quiggers52, 17 May 2024 10:12
Looking forward to that!