Anglo African Oil & Gas Share Discussion Threads

[thesloth2] 23/4/2018 15:22

Bit worrying with news just around the corner. Fingers crossed.

[pistonbroke1] 23/4/2018 15:16

A few 100K sells today.

[sunnybeachboy] 17/4/2018 15:33

Next update next week on tlp 102 pumping up to 250 bpd ? Drilling of tlp 103 getting nearer by the day 15th June!

[supercity] 17/4/2018 07:13

Well you have both - rns out

[sunnybeachboy] 12/4/2018 11:12

Last rns update was 19th March. I would expect another rns update on Monday 16th April in a few days. Could see this rise very well if 101 has increases production and 102 is finally pumping something

[sunnybeachboy] 08/4/2018 19:10

With the new licence I would guess 85% for aaog and 15% for snpc. From aaog 85% I would guess a partner would come in to drill 103 and 104.and aaog would gI've them 25% from there share.
Aaog 60%
Partner 25%
15% snpc.
Contingency would be the partner.
Total guess Imo

[money4me] 04/4/2018 11:07

is it oil leaking

[shafaq] 04/4/2018 10:39

Getting leaky!!!

[euclid5] 03/4/2018 12:36

Wonder what their Contingency plans are if SNCP don't pay their 44% share of costs for drilling the TPL-103 well ?

__ _____________________________________________________________________________

"With Anglo African yet to carry out a fundraising despite delays and moderations at TPL-103, some have speculated that it will soon need to raise cash to fund operations. Berwick said this is not necessarily the case because these matters have had little impact on costs. Indeed, it remains fully funded for its share of the well.

Going forward, Berwick assured investors that they will not be sold short in any potential future fundraises: ‘As it stands, we are funded for our share of the well and for the work done at the other wells. We will ensure that all shareholders will have the opportunity to participate in anything we do going forward. We are not looking to upset any of our retail shareholders,’ he said.

What’s more, Berwick said the business already has contingency plans in place should there be a shortfall from SNCP in its contribution to TLP-103. He told us: ‘We have put in place various plans that we can activate when this position becomes clearer. As it stands in the current contract, SNCP is a paying partner of 44pc and we would expect them to pay their share of the well. We have scenarios in place to deal with any potential future changes or issues’

hxxp://www.valuethemarkets.com/index.php/2018/03/29/full-focus-drilling-tlp-103-vtm-talks-exclusively-anglo-africans-new-ceo-james-berwick-aaog/

[homebrewruss] 31/3/2018 17:17

Zengas, sounds like they are now applying for a new licence which may enable them to circumvent the renewal restrictions

[sunnybeachboy] 29/3/2018 20:25

15p close. Highest close since 15th November!

[pinkfoot2] 29/3/2018 20:09

Great interview from a class act.Now we just need to find the oil and we are off to the races

[sunnybeachboy] 29/3/2018 14:45

Money me... read the Ben Turner interview with James Berwick. Nobody got the nod.

[money4me] 29/3/2018 14:38

looks like the chaps have been given the nod before the PI

[sunnybeachboy] 29/3/2018 14:09

If good flow rates from either well land on Tuesday it will catch a few out. With DS only giving Ben permission to release the interview to market today.... I have a sneaky feeling good news will come Tuesday!

[novicetrade68] 29/3/2018 14:08

TLP101 only has potential for up to 250bopd, and TLP102 could be better, but I'm writing this from memory of the IPO doc.

[shafaq] 29/3/2018 13:50

Also if we are given higher % then we can bring a partner for a free ride.

[sunnybeachboy] 29/3/2018 13:45

Flow rates will be known in next 2 weeks for 101 and 102. Where will share price be if we are pumping 200bpd?
James Berwick is the man!

[shafaq] 29/3/2018 13:42

Are we in for a surprise?Very difficult to buy any size.

[novicetrade68] 29/3/2018 13:26

Even at 14.50p it's going to NT atm.

[novicetrade68] 29/3/2018 13:13

Good read here :

[sunnybeachboy] 20/3/2018 08:04

14.88p close last night. Highest close since 15th November. Good news flow on the way.

[zengas] 20/3/2018 07:44

From AEI.

20/3/18

In a buoyant press release posted early March, Anglo African Oil & Gas, partly controlled by French businessman Gerard Bourgoin, enthusiastically declared that Societe Nationale des Petroles du Congo (SNPC) had "recommended" that its producing block Tilapia be extended for a further 20 years. However, there are several grey areas to consider. The hydrocarbons code does not allow the Congolese State to renew a permit more than 12 months before the end of the contract. This means the minister will not be able to approve the extension until 2019, given that the current production period legally ends in 2020.

While AAOG aims to drill a well over the coming months, it will need to raise funds from investors convinced that the permit has been renewed. Again, this possibility cannot be confirmed until 2019.

With 2018 proving to be a year of uncertainly, as the promise of a renewal is only based on a recommendation from the SNPC, Bourgoin has been trying to protect his back. He has the support of his friend Denis Gokana, who previously chaired the SNPC. Gokana, who enjoys close ties with President Denis Sassou Nguesso, as does Bourgoin himself, reportedly assured the French entrepreneur that the permit will be renewed in 2019. According to our sources, it is not entirely impossible that Gokana's firm Africa Oil & Gas Corp will invest in Tilapia if the renewal is signed.

[sunnybeachboy] 19/3/2018 12:47

15.5p paid.
Waiting on flow rates for 101. 102 being done sooner than later. A signed and staped licence to land. And think directors would be looking to buy. Happy days ahead. If good result's on 101 and 102 could see this in mid 20s. Can't see a raise under 20p. Hold for gold.....

[pinkfoot2] 19/3/2018 10:05

I think the finances will pivot on the results of the clean up of the two minor wells-if these are positive,cashflow will be strong.

I think they can manage either way on 103 to be honest but would be tight if the other two opportunities don’t produce much.

New CEO certainly making his mark.Stock is tightly held so good news will see this go nuts