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I expect a strong performance from Afentra when the Angola deals complete later this year and it is one to watch

I know some private investors are frustrated with Afenta (AET) as it has spent more time in suspension than it has trading over the past couple of years since the acquisition of an asset in Angola was first announced, but I think people will be rewarded for their patience.

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I'm very happy overall with the latest Afentra acquisition and it remains a long term investment for me

The news yesterday that Afentra (AET) had entered into another acquisition, and were suspending the shares until an admission document has been released, seemed to get a mixed reaction, but I for one was pleased with the news.

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Afentra moves closer to completing its acquisitions in Angola and with improved fiscal terms - BUY

In my experience private investors are always far too optimistic about timeframes for their investments to actually deliver, to the extent that sometimes they sell up and move on even though the actual investment case and risk versus reward remains unchanged.

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Why I'm happy to remain invested in Afentra despite some questions over its largest shareholders

From some of the comments I saw on social media, many seemed to be surprised that Tom Winnifrith covered Afentra (AET) here in a negative way last week, given that it’s a company that I’m invested in and have covered on this site several times, including as one of my buy tips for 2023.

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BREAKING SHOCKING DOSSIER: Is £62m AIM darling Afentra Investor Trying To Hide Corruption Allegations And Russia Connections?

I only ask the question of this company, beloved by private investors, and at 28.1p valued at £62 million. A detailed dossier published below begs some serious questions.

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Afentra – proposed acquisitions excitement sparks shares, take 90% profits?

There is no "house view" on this website. Our authors can and do disagree. For instance, I think Malcolm's piece today is complete and utter bollocks and will explain why later on bearcast. Last week Gary Newman was bullish on Afentra (AET), HERE. But there is another view.

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Why I'm happy to continue holding Afentra and still see further upside potential - hold/buy

Afentra (AET) has finally relisted after being suspended for nearly a year whilst it completed the acquisition of producing oil assets in Angola.

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The detail of the Afentra deal in Angola look good to me and I'm very happy to be holding

A couple of weeks back I wrote a piece here about how I was excited about the prospects of a small AIM oil company, Afentra (AET), where I hold a stake myself and which had just announced that it had potentially secured a stake in two blocks, subject to final due diligence. The company has now announced that it has entered into a sale and purchase agreement with the vendor, Sonangol, and has released a lot more information on the finer details of the proposed transaction – including the fact that it is expected to be funded from existing cash balances plus debt, and with no equity dilution to existing holders in order to complete the deal.

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It looks like Afentra shareholders will finally be rewarded with an asset that will have a big impact on the company - and hopefully the share price

Over the weekend reports emerged in the Angolan press that its national oil company, Sonangol, had finally completed the bidding process for the licences that it was selling its stakes in, and that a small AIM company, Afentra (AET), had been successful in being selected for two of these blocks. I’ve been invested in Afentra for some time – as well as having covered it positively several times here going back to the days when it was called Sterling Energy, and like many others have been patiently waiting for some news whilst the shares remained suspended. Due to the size of any transaction resulting from its bids, it will constitute a reverse takeover and the shares were suspended accordingly, and will remain so until either a prospectus is published or it terminates its bids for the Sonangol assets.

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Afentra could finally be on the verge of securing a producing asset - pending success of its bids

Afentra (AET) is a company I covered a few months back as being worth a look, and it now looks as though it could finally be on the verge of securing an asset with its cash pile.