Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The flow test is almost certain to be another duster. The company has seemingly decided to pick up another set of jam tomorrow acreage in Namibia likely to let the merry go round of dilution for speculative drilling continue for another decade after they call time on Alaska after a disastrous few years. All long term holders here have been diluted to smithereens.
Afentra have a FTSE100 calibre management team. They are currently interacting with top government and industry officials at Africa energy week. The deals were signed with effective dates meaning cash and/or oil inventory is accruing every single day, on assets which are increasing in production each quarter. The deals closing is simply a matter of time - new improved fiscal terms have been active since October 1st. The metrics of the assets have improved relative to original CPRs.
Given the El Niño weather phenomenon appears to have returned this year it’s highly likely Alaska will have warmer temperatures and more frequent storm conditions. I suspect that the duration of operational time out there using ice roads will be reduced significantly. Not very good news at all - may have to wait until 2025 to get the well properly tested. DYOR
disagree. relatively low commodity prices at the moment mean aa and co will be relentlessly pursuing new acquisitions, more than likely in norway or possibly even further afield in countries who aren’t ran by lunatics - angola perhaps? based on the boards track record further deals will be sooner rather than later and i suspect gas prices will increase significantly over winter once again boosting the bottom line. strong buy at these prices. in my experience, buying when everyone is ****ting themselves (i.e now) is the way to go. many will chase this up once ttf/ice start to move again + brent looks healthy. of course there have been set backs operationally and with taxation but the company isn’t skint for cash and aa is a shrewd operator. bookmark this post and check back in 6 months. dez
Perhaps someone has spotted a flair at Benriach
With about £10m in cash and producing only a few hundred barrels of oil a day at longhorn, such production isn’t even enough to cover staff, lease and admin costs. This still looks grossly overvalued at £75m market cap.
The only thing that is certain is another placing and more dilution for long suffering shareholders! Will see 0.1p before the year is out IMO