Anglo African Oil & Gas Share Discussion Threads

[ssrover] 19/3/2018 07:53

whens the placing

[money4me] 19/3/2018 07:53

getting on with some work. lets hope it achieves some increase in value

[supercity] 19/3/2018 07:08

Nice rns - things moving faster than planned and Schlumberger taking on the work

[dave4545] 12/3/2018 16:08

Funny when you held it you never mentioned that problem and it was going to 50-100p soon.

You just could not help yourself could you.

Premium buy paid 14.4p, should have split trade, can still buy at 14p mid price

[ileeman] 08/3/2018 11:04

Looks good but they will need to raise cash.

[supercity] 07/3/2018 07:20

This only dropped from the mid 20's due to the delay - I'm quietly confident it will work its way back up to those levels now a date has been set

[pinkfoot1] 07/3/2018 07:16

I personally think they have enough cash to cover their share of the drill but of course getting the two other wells opened up will create a new landscape cash wise.We hope that the two other wells are only technical issues eg wax which can be sorted.

I am comforted by the fact that the delay did not hurt them much cash wise-their monthly cash burn is very low and it’s not as if they are paying themselves exhorbitant salaries.

I am comforted by the fact we are firmly on the front foot so raising money if needed is going to be a lot easier.I would certainly follow through based on the progress made.

[euclid5] 06/3/2018 21:37

Hello Pinkfoot,

The IPO stated they were to drill TLP-103 in Dec 17, so there has been a delay of about 6 months - pending drilling this June.

The other 2 wells never produced the oil they expected so cash flows were not as expected.

It's good that you spoke to the BoD, however, for compliance reasons they would not give anyone any hints about their cash position & if they are fully funded to cover this drill in June 18.

Recall Zengas calculaed they may have $2m bal left in June, so not sure if that's enough to cover the drill, or if they will raise a small sum to cover themselves

Even if they raised £2m at 10p - 12p, that's only 20m - 16m new shares. Quite small less than 100m in total then fully funded. So not a large dilution, if they raise. Hopefully not.

[sunnybeachboy] 06/3/2018 21:29

Nice buy pinkfoot!
We closed at 14p. That's our highest close since 7th December! We are definitely heading in the right direction little steps is good for me!

[pinkfoot1] 06/3/2018 20:48

Bought another 150k today at 14.5p-CEO smart and I think the rubbish from last year now behind us.I was a bit worried about the drift of late but if you were happy to buy at 20p at IPO,then you should be filling your boots at this level after the RNS.New CEO is dynamic-just a pity he wasn’t around at the start.

[tidy 2] 06/3/2018 11:58

You haven't looked very hard then. It was a genuine question. Don't matter. GL and enjoy.

[bmwman3] 05/3/2018 20:11

Almost deffo great upside for Anglo African I believe!

[bmwman3] 05/3/2018 20:10

Heads up aaog is going places!

[bmwman3] 05/3/2018 19:41

Never heard of the conga market! Do they form a chain and dance around, flicking their legs in the air alternatively, when they strike oil? Or is your post an ever so subtle way of trying to de- ramp a perfectly good share, on a good news day? BTW the Congo oil market was fine last time I looked!

[neo26] 05/3/2018 15:06

still have a soft spot for this company, tlp 103 is the one we are looking forward to.

Funding will be required, with aaog going along with these workovers 101 and 102 aaog will require $3-$5m judging on how the new license is written.

What we need to know is if sncp will still have equity share of the license or if its a free carry.

[dave4545] 05/3/2018 11:22

Well done those that held prior to the rise today.

I was half expecting all the derampers to turn rampers but they have shown respect
and stayed away for once.

[ayesha4] 05/3/2018 11:16

I wont come back to diss it. Gave me a nice 9k which I cant scoff at. May well go much higher but I am happy.

[ayesha4] 05/3/2018 11:15

Im out. Good luck.

[sunnybeachboy] 05/3/2018 10:42

Raise won't come for anything less than 20p. Don't be deluded.

[pinkfoot1] 05/3/2018 10:18

I have spoken to management this morning.Very impressed after last year’s problems.

The new licence should be contrasted with what was on offer at IPO

Strong buy in my view

[supercity] 05/3/2018 10:07

From the half year report...plus they issued themselves options at 20p only a few weeks ago...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 GBP5.09m 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 (GBP3.25m) 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.