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Azule is another 12% of Block 3/05, and 16% of Block 3/05A.
the BOPD will likely be on somewhere in here
https://afentraplc.com/wp-content/uploads/2023/09/
For those like terry who yes, have disappeared, but perhaps sowed doubt.
sonangol cost - 56.6.
oil accumulated while waiting for completion - 35.4m
left to pay - 21.2m
oil stock we have ready to sell - 11.9m
so we actually paid out
Downside is that azule has ben pushed backto Q1
Completed acquisition from Sonangol of interests in Block 3/05 (14%) and Block 23 (40%) on 7 Dec 2023
• Net completion payment of $21.1m with inherited crude oil stock valued at $11.9m1
• Net upfront consideration fully funded from debt facilities, with deposit of $5.6m returned to balance sheet
• The Company expects to sell its next cargo of crude oil in Q1 2024
Azule acquisition ongoing
• Government approval process for the Azule transaction is ongoing and will be followed by the Novation process
• Completion now expected later in 1Q 2024
Paper was released last night at 1849, but i'd gone home by then
https://afentraplc.com/wp-content/uploads/2023/12/AET-Sonangol-Completion-081223.pdf
I cant see any RNS in LSE, but assuming its my end as charta has said one is out! let's goooo :)
I dont know why the markets and analysts react so much to broker ratings anymore. maybe back in the day they meant something and it was their 'expert opinion' about a stock. now they use their reputation and weight to move shares in their favour or for their customers pockets. their ratings mean absolutely nothing these days, yet 1 word from them and it moves significantly
Fantastic that they are bringing in revenue
I understand that people need to get out when suits them, but only a few days away from re-admission, unsure why people are selling.
only thought would be that sonangol deal is already priced in, but azule is not.
I understand that people need to get out when suits them, but only a few days away from re-admission, unsure why people are selling.
only thought would be that sonangol deal is already priced in, but azule is not.
I understand that people need to get out when suits them, but only a few days away from re-admission, unsure why people are selling.
only thought would be that sonangol deal is already priced in, but azule is not.
This says it all really. sucking up the cheap shares. they know what they have. once interest rates drop, we'll be onwards and upwards again. the upside is that we dont even need to wait for interest to drop here, as EZ and US drops will greatly help this as well, of which are speculated to come in march at the earliest.