Member Info for L2analyst

Which ever government wins they will want to fast track oil projects its their bread and butter

What is the main source of income in Angola?

oil sector

It is the sixth largest economy in sub-Saharan Africa. Angola's economy is overwhelmingly driven by its oil sector. Oil production and its supporting activities contribute about 50 percent of GDP, more than 70percent of government revenue, and more than a 90percent of the country's exports.5 Aug 2022

Api -5.7 draw oil over 100

Looking very nice for a breakout from 30 now

Buys comming thick and fast now I would be very surprised if this doesn't smash 30p today

Directors happy to buy at 30.91p just what on earth is the share price doing under 31p?

DIRECTOR / PDMR DEALINGS

Afentra plc ('Afentra' or the 'Company'), the upstream oil and gas Company listed on the AIM market of the London Stock Exchange, announces that it was notified on 19 August 2022 that Ian Cloke has purchased a total of 64,177 ordinary shares of £0.10 each in the Company ("Ordinary Shares") at a price of 30.91 pence per Ordinary Share.

As a result the total shareholding in the Company of Ian Cloke and persons closely associated with him comprises 2,128,009 Ordinary Shares, representing approximately 0.97% of the Company's issued share capital.

Oil prices heading much higher

https://oilprice.com/Latest-Energy-News/World-News/US-Strategic-Petroleum-Reserve-Falls-To-35-Year-Low.html

https://www.proactiveinvestors.co.uk/companies/news/990759/saudi-arabia-energy-minister-warns-opec-stands-ready-to-cut-oil-supplies-990759.html

333,042 Buy*93.25k that's quite a large buy

3 billion oil in place

"Average daily gross production last year was 17,000 bopd, with an exit rate of 21,000 bopd, and gross 2P reserves of approximately 100 million barrels at year end 2021. The Block offers the prospect of stable production of around 4,000 bopd at a breakeven oil price of $35 per barrel. There are three billion barrels of oil in place, and Net 2P reserves of around 20 million barrels.

93tcf would equals to over 15 billion mmboe, stand corrected

"The Group holds a significant portfolio of shale licences, totalling 292,100 net acres with estimated Mean volumes of undiscovered GIIP of 93 TCF (net to IGas, independently assessed by D&M in 2016).

Fracking is the only solution to current gas crisis

https://news.sky.com/story/energy-bills-forecast-to-top-5-300-a-year-in-aprils-price-cap-12679226

1.5tcf=250mmboe and we have 93tcf !

That's alot of gas

"The Group holds a significant portfolio of shale licences, totalling 292,100 net acres with estimated Mean volumes of undiscovered GIIP of 93 TCF (net to IGas, independently assessed by D&M in 2016).

Has anyone looked at igas, they have 93 tcf

As its 1 week trial you do not want to waste time in your weak points

Looks all good to me

"A number of other motions were ruled upon during the pre-trial conference with no material surprises or disappointments for Nanoco. The Judge agreed to issue a summary judgment order of non-infringement with respect to red quantum dots. Nanoco did not oppose this motion, as its trial strategy is focused on green dots to limit the number of arguments to be presented to the jury in the time constrained one week trial. This has no impact on the number of allegedly infringing units as all displays (TVs and monitors) contain green and red quantum dots, with the former outnumbering the latter in a ratio of around four to one.

With all these motion rejected, samsung hasn't got a leg to stand on, these idiots should just settle this ASAP to limit the damage, if its possible now

Theres 100 Wells current Production from 40 Wells is 19,500bopd once all well put into production then over 50,000 bopd, that's why they said "has material production growth potential.

"The acquisition will take Afentra's combined interest in Block 3/05 to 24%2 with a combined implied acquisition cost of ~$4/ 2P bbl4 and asset breakeven costs of $35/bbl. Block 3/05 production averaged 19,500 bopd in the first half of 2022 and has material production growth potential. 

Aet is on a breakout and directors buy