Anglo African Oil & Gas Share Discussion Threads

[sunnybeachboy] 27/2/2018 15:20

My guess is tlp 101 is pumping...

[soulsauce] 27/2/2018 10:38

Sefton leaving? Waste of space.

[ayesha4] 27/2/2018 10:36

We will be getting news in the next few days. They have some positive news but are awaiting permission to release it.

[neo26] 21/2/2018 09:33

Really frustrating, that options rns was to try and dupe us.Need news asap....

[sunnybeachboy] 19/2/2018 12:57

To buy.... 200,000@11.8p

[purple11] 19/2/2018 11:31

up she goes.

[pinkfoot1] 16/2/2018 17:01

Allotment

We shall see-if these guys are pulling the wool,they have managed to do it with a lot more intelligent people than me.They do not need cash-unless they need to buy something else.Read the working Capital report in the share placing.They are not frittering it away either on big salaries-again read the Placing docs.

They have made some strategic mistakes-that’s what happens.Im in this for the drill-not a spud and rig deal like some seem to be.

Good luck and let’s hope I’m right

[sunnybeachboy] 16/2/2018 16:12

Live quote 200,000@11p

[allotment] 16/2/2018 16:05

I hope you can afford to lose the lot as you would not be able to get out of a position of 1.8m shares for tops 5p let alone 15p if you were lucky the chart is implying zero.

I hope you did your due diligence on the chair and some of the board who wiped out International Oil and Gas technologies Ltd to zero and had to delist.

The same appears to be happening here.

I hope for your sake and all stake holders stake they manage to raise additional funds and get round the difficulties you are living in cloud cuckoo if you think the rights issue (a most expensive and costly exercise) would be anywhere near 15p the existing share holders would demand a deeply discounted rights issue circa 5p and your investment would be diluted to bits.

If as alluded to there are investors who are prepared to invest in the company now at presumably a discount to the current share price then they would be foolhardy not to consider it and bite their hands off although I suspect the Chairman and some of the board would have to stand down and lose their options so we will be none the wiser as this wont happen any time soon.

The price will remain under pressure whilst the company needs to raise money and will drift or remain the same.

If the funding issues are sorted the share price would then recover even though there is no certainty that they will recover any oil as drilling is a tricky business and who knows what will occur. Although obviously if they did then it would be well worth going through the short term pain.

Your naivety of how the market works is terrifying.

Although I dearly hope I am very wrong, although it is telling that none of the original institutions have looked to increase their shareholdings at this "bargain price" of 10p.

The King Canute approach to investing can result in drowning. (Afren springs to mind)

[pinkfoot1] 16/2/2018 15:47

I bought again yesterday-and whilst I don’t believe they need cash,I can only think it would be to satisfy good news given they are well funded just now.

Strong buy for me and highly illiquid-if I’m right,it will be lift off

[sunnybeachboy] 16/2/2018 15:32

Neo. Look how much share price moved on 20000 pounds. Any serious buying and this is back to 20p. How many shares available under 15p ? I reckon 1m max.
Current shares in issue 69.5m million shares. Big guns hold 42.7m million shares. In the whats app group im in we hold 1.8m
Leaves 25m shares. Do tbe eastwoods still own 1.4m shares ? Does BM still hold 420,000 shares ?
Mininum rights issue price for me is 15p.

[neo26] 16/2/2018 13:45

Sunny I believe it will be 10p, still not impressed what has happened to our investment here.Still waiting for rig news..

[money4me] 16/2/2018 13:34

is that in addition to a salary?

[soulsauce] 16/2/2018 12:12

Yes and only on production of varying degrees of oil so also shows confidence in the prospect.

[supercity] 16/2/2018 12:00

Those director options are showing confidence at 20p

[sunnybeachboy] 16/2/2018 07:44

With all the scaremongering going on about rights issue/ placing. I cant see it being less than 15p.
Any sniff of good news will bring buyers back and nobody will be selling at silly lows. Rememember the freefloat is so small. How many share available right now under 12p ? I would say max 1 million shares.

[pinkfoot1] 16/2/2018 06:38

It was a roadshow-a chat with bigger investors over a period of a few days.Nothing unusual in that but certainly nothing negative came out of it.The BOD know they made some strategic errors early on-We all do.However I’m impressed with the way they acted to rectify and also the new personnel

[sunnybeachboy] 15/2/2018 21:21

Totally agree with popeye post.

[sunnybeachboy] 15/2/2018 21:19

Where was the road show ?

Anyone that wants a large amount of stock will have to buy on open market. I reckon max 250,000 shares available under 10p. This has been a very long slog.

[pinkfoot1] 15/2/2018 20:08

Brilliant piece of writing Sep-I know for a fact there are buyers out there for big lumps of stock but the company has turned them away because it doesn’t need the cash.The BOD have made some bad moves but the changes are for the better-the new CEO is first class-I have spoken to him when they were doing the roadshow a couple of weeks ago.No issues-just timing so hang in there is my advice

[pinkfoot1] 15/2/2018 20:07

Brilliant piece of writing Sep-I know for a fact there are buyers out there for big lumps of stock but the company has turned them away because it doesn’t need the cash.The BOD have made some bad moves but the changes are for the better-the new CEO is first class-I have spoken to him when they were doing the roadshow a couple of weeks ago.No issues-just timing so hang in there is my advice

[sep800] 15/2/2018 14:41

Copied this from LSE board... see some one makes sense of all the deramping on LSE

Hope you don'e mind F458 ( ps not seen you post on ADVFN ? )


Too Much Chat - De-RampersToday 14:37What nonsense these De-rampers are waffling about to scare monger weak sellers so they can fill their buy orders lower ! Otherwise why are they wasting their time posting here !! Easy ... I WANT AAOG SHARES before the news arrive any time now.

So for all you weak Investors out their a few simple facts....

1. Read documents from administration into Aim and you will find that the licence can be re-newed at any stage.
2. The Congo Oil company own 46% of this site ( Congo Government ) and ask yourself why would they hold and keep such a stake if there is no Oil !
3. The delay in the negotiations to re-newal the licence further than the 2020 date is only due to the terms that flow rates were required by the Congo Government and are re-assesing final terms of continued production date that will be given in the conditions of the new licence .
4. AAOG Still have 2 further years without the requirement of a new Licence.
5. AAOG have £3m in the bank of which £700K has already been place to one side for the commencement of drilling.
6. We are fully funded for the complete drill at T103
7. We NEED NO FUNDING !!! = NO PLACING .... FACT
8. Once drilling has been completed and full flow rates have been confirmed then ( we already know there is oil flowing just require to confirm ) negotiations best to place production with the Rig company will be confirmed, hence why we need an extorted Licence so we can make sure the Rig and drilling stay for the entire production campaign
9. It will cost AAOG only $5 per barrel to produce ( Read the RNS's )

I can go on but if you haven't done your research why the hell are you invested here ?.... We all know why !!!! OIL OIL OIL.

At Any moment we will get an RNS stating new extended Licence granted, we don't need a placing and 9p a share, no chance... more like 19p a share... watch the mm's mark this up on any sniff of news.

And yes very un-proffessional of the previous BOD but now all makes sense, we have a banker, adviser and may I say it, a previous officer in the Foreign Legend required to keep in order the drilling team and future production of this find.

You can't argue with any of the above before if anything we have money in the bank ....Fact .... what the placing for ?

Would you want to wait for a lower price in get back in ..... No chance

DYOR

[jnbrw] 15/2/2018 12:45

Price action does suggest there might be a massive dilutive placing on the cards here to keep the gravy train rolling