Anglo African Oil & Gas Share Discussion Threads

[honestmarty] 16/5/2018 08:02

Rumour is having its desired effect I see.

Any sensible holder will sit and wait for news.

Sellers are being mugged

RNS time please

[honestmarty] 16/5/2018 07:55

Scaremongering afoot on LSE.

Best look away from the screen at 8.

[bad gateway] 16/5/2018 07:47

Agree honestsmarty. Been able to sell at a decent price and always within the split since the last update so no sign of people in the know forward selling so far which is good imo but see what happens at 8.

[honestmarty] 16/5/2018 07:34

Hi bad gateway.

Even at a discount of say 8p, securing drill funding, will transform our value.

And to a level much higher than the current 10p.

Sefton needs to issue an update.

If there is any sign of people selling into the rumour

Sefton really, really needs to issue an update.

[bad gateway] 16/5/2018 07:30

Thanks for the updates honestsmarty. with even Dan saying they tried to place at a premium I'm left wondering what level they'll actually place at.
Was expecting a premium myself with these so will watch today with interest hopefully for an in.

[honestmarty] 16/5/2018 07:13

No sign of the rumoured placing.

Today's trading could be fun.



Will it force the beleaguered Sefton to issue an RNS?

I really hope so.

[euclid5] 15/5/2018 21:54

lets see how much they raise & at what price & if they buy any new assets if they are appraisal or Exploration assets

Hopefully not long to wait but good that 103 well has got 2C 8mmbls in it

forgot what the NPV on this, but excellent it will have a increased NPV just on the shallow depths

[honestmarty] 15/5/2018 21:23

Euclid
I think the current contract and proposed new one allow Aaog to recover the unpaid costs from future revenue.

I don't know how this will be priced into any fund raise, but it can only be a positive. Add in the proposed new licence and there is plenty of scope for a good deal.

I wonder will the flagged new assets be involved?

Are we raising more than just the funds to drill 103?

[euclid5] 15/5/2018 19:52

Thought that if AAOG fund the 100% cost of the 103 drill they get 100% revenue & if anything the terms of the contract change as SNPC broke part of their contract but not cpvering their 44% share.

So doubt they will be legally entitled to any revenue split

At least AAOg will have 8mmbls net to them in the shallow depths of this well

[honestmarty] 15/5/2018 19:43

The math on any placing is very complex as any raised funds used on the 103 drill will be recouped from SNPC's share of profits, assuming we hit oil. That is an enormous sweetener, and could well allow a placing at a premium to the current price?
Equally if we swap the SNPC contribution for a free carry with an extended licence?
It will be fascinating to see how this pans out?

[honestmarty] 15/5/2018 19:12

I see anything above 7.5 p as being very good news. Who knows, perhaps they got it away at a premium? LOL.

If they can announce it with POSITIVE work over updates and a ñew licence we might actually go up.

[sunnybeachboy] 15/5/2018 19:07

Brokermandan reporting on twitter about aaog placing search twitter #aaog

He was right last year with regards to ANGS

[honestmarty] 15/5/2018 16:31

Yes, bad G.

26th of September update, mentioned that SNPC had not paid up.

This isn't a shock revelation, and could work in our favour when negotiating the new licence.

[honestmarty] 15/5/2018 16:02

M4M

We will know within a couple of weeks.

[money4me] 15/5/2018 15:59

i think if you look at tbe evidence then the lack of confidence in these muppets is understandable. when will they actually achieve anything

[honestmarty] 15/5/2018 15:57

Hopefully our seller is nearly done.

[honestmarty] 15/5/2018 15:45

SunnyBB, I understand why you feel you can't trust DS.

But it is important to distinguish a failure to deliver based on a change in circumstances from outright lies.

I don't believe for a moment that DS deliberately lies.

Anyway, your post demonstrates how disillusioned the average PI is with AAOG, so this is the time to buy as just one of several possible RNS updates will see us above 15p.

[sunnybeachboy] 15/5/2018 15:35

I don't trust a word david sefton says. I believe he has know since September last year that snpc were not paying there share of the drill. But he has kept misleading us.

You only only to look at how much much left aaog in September when price went from 27p -17p I was holding a shed load of these and sold a 7k loss. The loss don't matter to me. It's the 7.5 months I wasted here that bothers me.
The company needs to raise funds for the new assets if that ever happens. Time will tell.
Ds and the team have run out of excuses for tlp 103 hence this new asset purchase.

The rig that we were supposed to use on 15th june is still active in Gabon. Smp-drilling.com smp 102 was the rig.

[honestmarty] 15/5/2018 15:07

SunnyBB, if we get a positive RNS at 7am tomorrow, buying in below 15p will be impossible.

Now is the time to load up, those who bought at much higher prices are hitting capitulation, negativity is rife. Hence the bargain price.

[sunnybeachboy] 15/5/2018 14:26

Dont want to be out of this on a tuesday night.

Who wants to be in it on a tuesday night.

[honestmarty] 15/5/2018 14:06

Drip, drip buying ahead of the updates and licence news.

Online prices starting to tighten and the MM's will take 150k at a premium.

A little flurry before the close could work wonders as the MM's are short on stock.

I wouldn't want to be out of this one on a Tuesday night.

[honestmarty] 15/5/2018 06:34

I wonder will we get an update today?

We are getting close to expected news period.

Good to see the price rebound yesterday as the cheap shares were gobbled up.

I wasn't able to buy anything at 10p.

Looking back at trading volumes at these prices or lower, there can't be many investors who could sell at a profit at the current share price

Hopefully the bottom is in, and a positive update will start the climb North.

Come on Sefton, you can't have been running around the Congo, erecting fences, cutting roads and buttering up bacon butties without a good reason.

Drop us some positive news.

[money4me] 13/5/2018 22:09

i certainly hope this goes north. lets see how it goes and hope for a positive move