Anglo African Oil & Gas Share Discussion Threads

[soulsauce] 05/3/2018 10:07

See this back towards 15-16p short term, may be raise at around 14p and then it will be a scramble to get in at anything near that.
The thing is if you sell for a raising and they get a decent one away at a decent price then you are unlikely to gain anything and run the risk of not getting your position back.
With that in mind I am keeping what I have and will top up on any funding.

[ayesha4] 05/3/2018 09:48

Yup. Agree. They are raising some funds.

[cashandcard] 05/3/2018 09:20

Finally, some progress is in sight. However, I still see the need to increase funding moving forwards. So I will hold the little I have left, cautiously awaiting funding news.



Cash

[pistonbroke1] 05/3/2018 08:42

Almost defo a free carry for SNPC so we are going to need some more cash, however the potential prize is big enough to make that worth while. I think this will stabilise the share price more than make it take off at this stage as theres one or two unanswered question at the mo.
Am hoping for a significant uplift near to drilling when all is clear.

[money4me] 05/3/2018 08:19

no doubt they will need money to cover their ineptitude

[sep800] 05/3/2018 07:54

Just whats needed, no need for funding, once drill results for new production levels this will be 20p Plus then followed by JV

[escapetohome] 05/3/2018 07:47

The recommendation by SNPC that this 20-year licence be awarded will dramatically improve the value of the Company.

[zengas] 05/3/2018 07:45

What's the take on the signing bonus comment ?

They had $4.1m left end Sept 2017.
$2m needed for the rest of drilling and $700k contingency. Owed $300k by SNPC.

Cash burned in the same period £600k/circa $840k so given it's still loss making on the existing production I expect them down by similar to maybe $3.3m now and then another 3 months burn to well spud ($400k?) down to $2.9m ? (with $300k owed by SNPC).

Costs to pay for Schlumberger contract on well intervention tlp-102.

"It is not proposed that a signing bonus be paid, but the Company has committed to drilling TLP-103, a new multi-horizon well" - Wonder why they inserted that in or any chance that we may have to carry SNPC to gain the licence extension when/if announced ? With spud in mid June means well result in August.

[toolsmoker] 05/3/2018 07:39

Placing needed for drill so don't get carried away

[soulsauce] 05/3/2018 07:27

Yes very good news but now not drilling til June.

Still it is only another 3months and the prize is still every bit as large and now with an extensive licence.

Hopefully there will be no more delays.

[honestmarty] 05/3/2018 07:26

Should be worth a few pence

[novicetrade68] 05/3/2018 07:19

Wow, fantastic RNS.

[purple11] 05/3/2018 07:16

watch em try and scramble in now.

o yes.

[sunnybeachboy] 01/3/2018 10:16

If you look at all those sells this morning and the mm not dropping the price. That shows me they are looking for shares. Normally they would drop the price on just 1 sell. I'm keeping mine very tight.

[novicetrade68] 28/2/2018 20:29

The 450k trade is interesting, looks like a sell, but could also be a buy if it was delayed by an hour. But even if it was a sell, I can't see MMs taking it if at least they'd sold 75% of that amount already higher, for which there are no trades published yet.

[neo26] 28/2/2018 17:47

so news tomorrow then, nice rise.

[sunnybeachboy] 28/2/2018 17:32

With 44 trades and 87,300 pounds invested today the stock has moved up 23%. The key here is the low freefloat. Only 25m in freefloat.
Roughly 900,000 were traded today.
Last week on matd 12m shares were traded. Should that amount ever be traded here in 1 day. You can imagine where it would go...
Anyone that thinks a rights issue will come under 15p is deluded. It will never happen. The mm will mark this up 30% on any good rns. And then you try getting live quotes when everybody else is trying to get in. I can see the sheep lining up..

[puphead] 28/2/2018 16:30

The rise reminds me ZIOC couple days before they signed enviro permit.

[purple11] 28/2/2018 15:54

on the runway:)

[runwaypaul] 28/2/2018 15:50

purple calls the move again.gl

[soulsauce] 28/2/2018 15:49

Heyup what's this?

[soulsauce] 27/2/2018 15:50

Well that should add about 0.5p to the share price :-/

Rig and licence news is what we want.

[sunnybeachboy] 27/2/2018 15:44

I meant flow lines cleaned and tlp 101 pumping more!

This company needs some good news. Hasn't had anything for months and months. Apart from 23rd Jan with James Berwick new CEO. He is definitely the man to take this company forward.