Member Info for mcfcnige

Thanks Mike.

It’s a long time since we had stuff to look forward too :-)

Hi Mike,

Any thoughts when we might hear about board changes/additions?

I notice on the RNSs it says AK is exec chair, rather than interim?

If that’s the case we still need a CEO and some O and G board experience?

Any thoughts:-)

Hi Ed

Thank you for your analysis today, it’s really useful and it explains how much potential there is in this block.

Hopefully we get some good news soon and the company reveal there plans going forward.

We are lucky to have AK on board, as none of this would be possible without him.

Fingers crossed and with some patience, the company is at the start of very big things?

Thanks Nige

Hi Ed,

Thank you, that’s a great explanation of how it’s done.

You certainly know your stuff, so thank you for sharing it with us.

The Angola operator will know this field like the back of there hand, so fingers crossed they are drilling in the sweet spot.

It’s very exciting that we are involved in a drill like this and we are only £6 mill market cap, so hopefully this is right at the start of the journey:-)

What are your thoughts on the other Angola acreage that we have bought into and the other 2 wells that hopefully will be drilled?

I think they are KON 12 and 16 ?

Thanks Nige

Ed,

Can I ask a question please? :-)

How will the different result scenarios work on this drill?

They say they think they can increase the amount of oil in place by using modern drilling techniques.

So what happens if this it doesn’t increase?

Do they resume production anyway or just leave it down there?

It sounds a lot of oil down there just on the known figures, so surely that has a high value even if it doesn’t increase?

Thanks Nige

That would suggest that they will aim to get the sp to around 1.2p

What do you think?

Lost track of the warrants, are they at.40p and .80p ?

It says it’s gusher and we will all be millionaires:-)

The limit buy on it is £1000

Feels like some want out and some want in?

I wouldn’t be surprised if we get a TR1 over the next couple of days?

Don’t have L2 but well spotted, hopefully it’s a buy?

The timing of the spudding announcement has nothing to do with Corcel, they will pass it on to shareholders as and when they receive it.

The RNS was issued around 10am which would suggest they received written notice that morning or late the day before and wrote the RNS and delivered it to the market straight away.

Bit if a long shot but Dave L mentioned he was meeting AK this week for 2 days.

Maybe they are talking about Mt Weld? :-)

They must have something of value at Mt Weld to put this in the presentation?

First crude cargo sale: the Company sold its first cargo of 300,000 bbls of crude oil in August comprising crude oil stock and subsequent production from the INA Acquisition. The sales price inclusive of the Brent premium was $88/bbl, generating pre-tax sales of $26.4 million net to Afentra.

Hi Ed,

Not sure if you have seen the AET RNS today?

They have sold 300000 barrels of the Angolan oil for $88 per barrel.

Bodes very well for us when we start producing:-)

I think we will know the result within a couple of weeks .

This is an important well for Angela and they will want a success to attract bids for the next round of licensing that due to be given out at the end of September.

(Hopefully Corcel will bid for one or more of the licenses)

Just imagine the demand for the new licenses if this well is a gusher:-)

Hi SJ,

Maybe it’s being negotiated, pending an announcement.

Morning Ed,

I notice Mambare has been removed from the presentation.

Do you think they have probably sold it ?