Member Info for rifteastafrica

Yes and very happy to hold

Delighted to see 50p but these assets are worth £1.10 - £1.20 at current production and Brent levels

Steady few per cent growth suits the profile of the company better but i must admit the next deal coming earlier than expected will throw a spanner in that!

Afentra is a strong buy at these prices

:-)

Its still extremely cheap. >7k barrels of oil per day, which break even at $35.

Nothing for the next deal or the team, still. I read Investors Chronicle at weekend and the amount of buy recommendations at 9 times Net Asset Value and over, was startling!

The focus turns to the completion, the barrels and the oil price!

Nice consolidation and + today. Completion the natural follow on. So excited about the story here and even the stimulation of Block 3/05

Only getting started

Fantastic news today. The Agony of waiting on Government approvals is finally over!

Onwards and upwards nice and slow

Something going on. Might take a day or two to reveal.

Competition Authority decision in the bag the long wait will be worth it and surely a minimal consideration once effective date barrels since October 2022 offset against the consideration!

Thanks for the chance to buy in the 42's lads :-)

By way of Executive Decree 79/24, of 11 April 2024, the Ministry of Natural Resources, Petroleum and Gas (MIREMPET) has approved the Declaration of Marginal Discovery of the Punja Development Area in Block 3/05-A.

The Punja DA will enjoy the following tax incentives:

➡ Depreciation of Development Costs – 3 years

➡ Cost Oil Cap – 80% during the first 4 years and 65% from year 5

➡ Petroleum Income Tax – 25%

➡ Investment Premium (uplift) – 1,20

Block 3/05-A is located in the Lower Congo shallow waters and is operated by Sonangol P&P with partners Maurel & Prom, Afentra and Etu Energias.

Https://www.linkedin.com/posts/onelegaloficial_onelegal-activity-7185561223382351872-pCTq?utm_source=share&utm_medium=member_desktop

Https://x.com/BobInvest/status/1779784281872633912

AZULE DEAL approvals on Monday hopefully! (or late this afternoon even better!)

If its Azule's turn to get the lifting which i suspect it might be, then you're looking at a $93 lifitng price as Palanca is +$2

Good to see further consolidation and slow share price appreciation. Institutions and family offices definitely buying now

Donmac excellent find. i would expect it is perhaps AZULE's turn.....ie........OUR barrels again

4 weeks ago tomorrow Paul Mcdade said the Approvals are in "the coming weeks"

Approvals will kick in the closing / completion process

Completion kicks in the number crunching and the next lifting date

And the next deal can finally come out of the shadows....

Good point Quiggers. WOnder if the Azule transaction will be an "adjusting post-balance sheet event" where the barrels from the Azxule close will appear in the financials