Africa Energy – TotalEnergies Proceeds with Block 11B/12B – applied for environmental authorization

TotalEnergies is proceeding with its production rights application. Total has applied for environmental authorization as part of the production right application for Block 11B/12B. It is a next step to production on the 11B/12B. Fearnley Securities note from today TotalEnergies has applied for environmental authorization as part of the production right application for Block 11B/12BContinue reading “Africa Energy – TotalEnergies Proceeds with Block 11B/12B – applied for environmental authorization”

Pareto: Africa Energy spent USD 5m on the 2B compared to a negative valuation impact of USD 150m

Africa Energy announced dry well on 2B prospect. Pareto: “The Gazania-1 exploration well was dry, lowering our risked valuation by SEK 0.5/share or ~10%. We find the ~40% negative share price reaction excessive.. The main value driver in Africa Energy remains progress on the development of its discovered resources on Block 11B/12B offshore South Africa.Continue reading “Pareto: Africa Energy spent USD 5m on the 2B compared to a negative valuation impact of USD 150m”

Quantafuel – Most important Quotes from the Webcast Today

This has been a good quarter, and our business activities progressed as expected Main highlights: Saipem cooperation moving ahead – generated significant interest from major petrochemical companies Skive is moving forward with confidence Dubai Sunderland Kristianslund Esbjerg My take. Positive quarter. All projects are progressing well. Saipem is a big deal. It generated significant interestContinue reading “Quantafuel – Most important Quotes from the Webcast Today”

Fearnley Securities on Africa Energy – “92% upside to Price Target”

Fearnley Securities published an update on Africa Energy. Very bullish report. I enclose below my summary of their main points from the 18 page long research: From E To E&P In Global Hotspot Entering development in South Africa at Block 11B/12B and Block 2B. Drilling of Gazania-1 a major short-term trigger. A discovery could fastContinue reading “Fearnley Securities on Africa Energy – “92% upside to Price Target””