Good post from elsewhere3 Apr 2023 13:10
Hope ZENGAS doesn't mind ..
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 the deals soon close here, it should leave Afentras net debt substantially much, much lower than when the deals were announced.
Roughly 4800,bopd and 28 mmbo 2P with production intended to ramp up.
Also looking at similar sized deals to consolidate.
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 and on that basis i've added at these levels myself with oil now through $80/b again.