Not sure if their online booking system accurately reflects the actual bookings, or they reserve a certain % for nightly walk ins, but when i tried to book various tables between 4-8 people over a few week and weekend dates in Dec across 3 different sites, everything was booked. They could offer a table at about 1500, but that was about it.
Buy the news as zero debt reduction comes into play9 Nov 2023 08:36
Except the fact that AET have been stockpiling barrels of oil ever since the Sonagol deal was actually confirmed without selling them.
Much like the INA deal, once the deal is fully confirmed, AET will be given control of those barrels and will be allowed to sell this stockpile for $$$.
Whatever way you spin it mate, you lost, cover those shorts now before its too late.
The completion of both the Sonangol and Azule acquisitions, combined with current interests, will result in Afentra having a 30% equity interest in Block 3/05 and a 21.33% in Block 3/05A providing Afentra with net working interest production of around 6,000 bopd.
The above quoted 21.33% includes the China portion they lost.
6k barrels per day at $80. Looking juicy! Just hopes it completes quickly to keep the upward momentum going. max of 7 weeks, better get out now Terry.
Afentra is pleased to announce that it has received approval from the Government of Angola for the acquisition from Sonangol Pesquisa e Producao S.A. ('Sonangol') of a 14% non-operating interest in Block 3/05 and a 40% non-operating interest in Block 23, offshore Angola (the 'Sonangol Acquisition') pursuant to a sale and purchase agreement between Sonangol and Afentra's wholly-owned subsidiary, Afentra (Angola) Ltd, dated 20 April 2022, as amended and restated on 18 July 2023.
The Company is now working with Sonangol to finalise the formal completion of this acquisition which, as previously announced, is anticipated to occur within Q4 2023.
BT increased their prices by CPI + 10.1% back in April this year, and they are only just now seeing the benefit of the price rises in the results out last week, these things take time to filter through.
I dont know too much about the ins and outs of shares, so would be interested in other's takes.
Do you think that this investor company/person wanted a 25% stake, but there wasn't enough shares available for them to buy on the open market, so the company HAD to create more to get the deal done?
i understand we have all been diluted by 25%, as there are 25% more shares in play now, but were they created specifically for this one person to buy immediately.
Exactly, the fact that someone has taken a proper 25% stake shows they are expecting to leverage the product and get some returns in either financial or brand awareness; else you'd just sponsor.