Anglo African Oil & Gas Share Discussion Threads

[ayesha4] 01/11/2017 08:12

Further delays looks like

[honestmarty] 01/11/2017 07:53

Disappointed we haven't been updated.

I suppose no news is better that bad news.

[pistonbroke1] 30/10/2017 17:45

Lets hope the late sells don't reflect disappointing news. To be far the work overs are not the main issue here its the drill which has unfortunately been put back to probably Feb or there abouts.

[aimmafia] 30/10/2017 14:40

Work over news tomorrow

[honestmarty] 30/10/2017 07:34

No news, yet!
I'm hoping we don't see a sell off on further delays.

Around 14p seems to be a good entry point.

[aimmafia] 28/10/2017 12:38

Need a few more 10%'s in a row before I start getting excited

[blueball] 27/10/2017 14:13

Up 10% well done.

[aimmafia] 27/10/2017 09:59

Totally agree. Pre drill rise is on the cards to start any day now.

[aimmafia] 27/10/2017 09:58

Here we go

[sunnybeachboy] 26/10/2017 19:02

When you look at the graph above June - august it took 9 weeks to recover last time! It looks like a perfect U . We are 6 weeks in from that 14th September RNS. Give it another 5 weeks and we are bang on 1st December. We should definitely be 20+ by then. Just have to wait.

[sunnybeachboy] 26/10/2017 18:58

Everyone needs to email laurel and Hardy and ask WTF is happening. And why are we only waiting on this 1 rig. When others must be available. The constant little sells over the last week has been done to make people nervous.

[honestmarty] 26/10/2017 17:25

Looks like a 400k off-load.

BOD really are close to being declared clowns.

Testing times, and will move lower if no news.

Rig "technical adjustments" were flagged for completion mid October" , where is the RNS?

Tubing replacement on TLP-101, has it started? is it finished? Where is the RNS?

Holding tight, but unease growing.

[aimmafia] 26/10/2017 15:58

Work overs due.... results tomorrow?

[ayesha4] 26/10/2017 15:11

Its near the bottom. Buy, stick away for 5 weeks.

[aimmafia] 26/10/2017 10:07

BOD are absolutely useless.

[money4me] 26/10/2017 09:48

not going to see the rig this year really

[cashandcard] 26/10/2017 09:32

From half-year report,


" While TLP 101 and 102 alone have the potential to increase production to between 185 and 250 bopd and see AAOG achieve operating breakeven at low oil prices, success at TLP-103 would be transformational. Not only would we expect to see the R1, R2 sands and the Mengo discovery drive company production to ~750 bopd, it would also open up the Djeno as a new play on the licence. With such a huge prize on offer, we are keen to have the best equipment to do the job. As previously announced, our favoured rig is currently under contract with a major international oil company operating nearby. After a full inspection, a number of technical adjustments are being made to the rig, which will not be completed until mid-October. The rig will likely not be operational at its current site before November 2017 and, as a result, it will not be available to AAOG before mid-December at the earliest. Having originally scheduled drilling TLP-103 in August/September 2017, the delay is frustrating. It does mean, however, that we will drill what we believe has the potential to be a company-making well using a rig that will have passed the standards of a blue-chip operator, and importantly will have been tried and tested in the field.

I want to be clear that we are fully funded to drill the new TLP-103 well in accordance with current licence terms, under which 56% of the cost is met by AAOG and 44% by SNPC. Our cash position was £5.09m at period end. Our expenditure since IPO reflects the acquisition of the shares in Petro Kouilou SA, the gross cost of the workovers undertaken at TLP-101 and TLP-102, the general and administrative costs and listing costs.

We currently hold in excess of $4.1m (£3.25m) cash in hand, which partly reflects the gross acquisition cost of certain long lead items for the drilling of TLP-103, a share of which is recoverable from our partner, SNPC"


"Likely not operational at its current site before November 2017"



Cash

[scyther] 26/10/2017 09:19

Has it now been released from the company that required the rig modified?

[aimmafia] 26/10/2017 07:56

The hand brake got stuck on the rig, they are driving it round the corner today.

[aimmafia] 25/10/2017 19:46

Don't watch day to day. Just wait until work over and rig news. Seriously there is no point even looking.

[dave4545] 25/10/2017 13:37

Must be another sale to show. The mm is taking hits at 14.25p but not moving up.

Cannot buy 100 shares online but they will fill or kill some size and bid is now
well above mid price 14.17p

[dave4545] 25/10/2017 10:15

63k at 14.05p is the delayed sale, lot smaller than I expected the mm's are just trying it on as normal

[dave4545] 25/10/2017 09:39

Strange price action currently.

I've not got a buy quote online for a while but the mm is not budging . I can sell size at mid price and then a 10k sale at 14p shows ??

Expecting to see a distressed sale later say 250k at 14p ??

[soulsauce] 25/10/2017 09:35

Agree too, although I think by the time the rig is mobilised and ready to drill 75%+ could be made from the current share price

[sunnybeachboy] 25/10/2017 09:30

Dave, I totally agree with you. The share price could be 50% higher in 5 weeks /1st December. But aim investors can't wait. They are always chasing the next £ . Smart investors are buying now and waiting 5/ 6 weeks.