Member Info for rifteastafrica

I like the set up here. IPO in September.

CEO Michael Kraftman and CFO Brendan O'Brien have turned a 4.25x in VISION DIRECT (private Equity) before. Octopus investments were invested in that private venture.

Octopus Investments have followed them in here and hold a large 14.76%

Indeed there is a very prestigious shareholder register backing the management.

Octopus Investments Limited  1,000,000 14.76%

Dowgate Group Limited  900,456 13.29%

Gresham House Asset Management Ltd 750,000 11.07%

Canaccord Genuity Asset Management  500,000 7.38%

Schroder Investment Management Ltd 375,000 5.54%

Huntress (CI) Nominees Limited 375,000 5.54%

ISPartners Investment Solutions AG - 0.00%

Otus Capital Management Limited 250,000 3.69%

Considering Pareto conference was presented to today, (wondering about its value now, they do it every year ) and Brent us UP!

Super weird finish - pushed the bid ask to 55.00 - 55.80 for last 13 minutes

I knew something was up in Angola, fantastic to see the news come through yesterday. all about CAPEX and how easy to tie in the 5 discoveries but exciting especially since they got them it appears by bidding the work programme to bring them into production through Palanca FSO

Exactly Desmond you can also use deferred consideration to finance the bigger deals, like Tenaz acquisition of the NAM assets in the Netherland.

Https://angolaoilandgas.com/

Big annual Angola conference today. I'm guessing Afentra are going for a bigger deal this time round and the sidelines of the conference, all the Angola majors will be there!

I believe its time to utilise their relatively unlevered balance sheet and strike out for a bigger deal , possibly doubling or trebling their current production size.

Afentra are serious operators but still relatively young in the industry. Hungry for a deal to step change the size of the company. Watch this space the next deal will be the big one. Balance sheet clean, some nice cash balance and 5% more of Block 3/05 from Etu to come.

Indications they're "inside" on something?

1.Amount of time spent looking for new deal

2. The increasing rhetoric around more deals in ANGOLA

3. No purchases of own shares for employee scheme

Now is the time with Brent $69 and Palanca ~ $71

Q4 should be exciting where they will almost definitely surpass all time high and hopefully a lot more.

Afentra is a stong buy IMHO

Back in the 50's, in a $70 Palanca environment! This means a bigger deal is close in my humble opinion. Net cash and strong balance sheet , allowing for a leveraged purchase of production assets at $70 palanca, with contingent consideration depending on a price pick up in Brent / Palanca.

It can only be rumours of a bigger deal - they've had a long time as assess deals while Block 3/05 outperforms and increases production!

Watch this space and thank me later

By the recent developments and this brown field development seems very interesting. It appears the field just needs to be turned back on and stimulated!

Perhaps appraise around it a bit

Afentra has reached a new level - 144 trades today alone and no new chats??? All shows signs of upward trajectory to me. Increased volume, new higher lows. Wait until the next deal gets announced there wont be a single share available on the trip up to 75 pence. Mark my words, I've generally been correct here since 2018

Nice positive momentum here, with Brent Appearing to provide a floor at these prices with upside that could come from an array of angles including geopolitical, US shale etc!

Buy now. 75p by end of year i reckon

Perfect Oil price to do a deal , please let it be!

They need to PIVOT, NOW and buy back shares at a very accretive price to all shareholders . It will put a floor under the share price and Afentra will recover to 50p and probably never come back if investors feel Afentra are ready to come into the market to eliminate shares in issue

If you are with me on this, please LIKE!

Nice to see and Brent at $73.50 meaning our next lift actually around $75!

Yesterdays big volume still dreaming!

Are my eyes deceiving me, what a depressing share price. What a harsh reaction to what, $69.50 - $70.00 Brent

Hopefully it will recover back above 40 soon

Guyana was frontier once also, same for Namibia, same for Mozambique

Anyone with a positive message is a ramper according to some guys. Jamaica is wildcat acreage has drill ready 3D shot prospect done by Tullow, who left the acreage because of their corporate troubles only, aswell as acreage in the Comoros at the same time and other plays in Africa.

Until they confirm the Farm Out has failed, then it hasnt failed, and for all we know has a better chance of succeeding rather than failing as the excellent headway was mentioned 31 October RNS

Its a punt, its a very risky share but im here for the RISK REWARD ratio with a tiny PUNT money but excited about the RISK REWARD so throw me in the "Ramper" bucket if you want but i dont care !

There's no riskier but at same time, better RISK REWARD on AIM currently

Brisk trading again today! Let's go back to the days of 1% per day!!!

Very happy with the press release.

There's rumours its a discovery. Excellent for Eco Atlantic

https://www.upstreamonline.com/exclusive/does-totalenergies-have-a-new-billion-barrel-discovery-on-its-hands-in-namibia-/2-1-1764520