Deal coming buy buy7 Jul 2021 18:26
AnnouncedTradedActionNotifierPriceCurrencyAmountHolding26-Aug-2025-Aug-20Buy David Clarkson8.92GBX112,1071,113,69226-Aug-2025-Aug-20Buy David Clarkson9.18GBX435,7191,113,69226-Aug-2026-Aug-20Buy David Clarkson9.58GBX208,8661,113,69225-Aug-2024-Aug-20Buy Marco Iannotti8.00GBX500,8843,667,98425-Aug-2024-Aug-20Buy Stephen Ian Jenkins7.95GBX126,000463,800
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RE: Chad Delonex blocks07 Jul 2021 12:06
Thank you for coming back Zengas! Was about to post asking how you are. Thank you for reporting that you’re keeping well. Haven’t time to read your post yet but have to post this.
For those watching England tonight, good luck! If I have time I will.
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Chad Delonex blocks07 Jul 2021 11:05
Given Save would have a 40% pipeline interest with still 70k+ bopd spare capacity, it could only be very beneficial for revenue if new players come in. Posted here a few times in the past re Block H having a number of discoveries and ready for further drilling and possible major production which is adjacent to Saves Agadem block.
7/7/20 AEI
Why Delonex is talking with ex-Tullow Oil boss
Paul McDade needs to secure a first asset on the double so that he can launch his new company in style.
The brand-new oil company Afentra, founded at the start of the year by Paul McDade, has been scouring Africa for its first investment opportunity. According to our sources, McDade, his head of operations Ian Cloke - a fellow former Tullow Oil executive - and the company financial director Anastasia Deulina are currently in talks with the British teams of US private equity firm Warburg Pincus, owner of Delonex. The topic of their discussion is the purchase of Chadian blocks H, Largeau III, DOC, and DOD, Delonex's only assets of real value, as well as various blocks in Ethiopia and Kenya still at a very preliminary exploration phase prior to any drilling.
As we revealed (AI, 07/10/20), in September 2020 Delonex hired Scotiabank to oversee the sale of its permits in Chad. The man in charge of the project at the bank, Moncef Attia, and technical director Alonso Maggo estimate that the assets Delonex acquired from United Hydrocarbon Chad Ltd in 2017 for $35m could produce up to 85,000 bpd (according to Delonex). A drilling campaign was scheduled for 2021 but druming up interest from the project was hampered by the outbreak of the Covid-19 pandemic. Afentra is looking at several other investment opportunities, including Glencore's producing fields in the Doba basin of southern Chad.
McDade needs to find a first asset as soon as possible to give Afentra credibility. He wants to avoid going down the same path as his former boss and Tullow Oil founder Aidan Heavey, who has not managed to secure a single asset for Boru Energy, the firm he created two years ago, despite having