Anglo African Oil & Gas Share Discussion Threads

[bad gateway] 04/6/2018 11:38

Sounds like I was the only no vote lol.
Terrific vote of confidence. Do they flip or do they hold for gains?

[neo26] 04/6/2018 11:35

Sister also voted in favour lol

[honestmarty] 04/6/2018 11:09

Good luck ladies.
At the AGM, a circus.
A bunch of tough looking Frenchies in the front row.

Sefton looks terrific of them, he is hiding behind Berwick who has a few rough looking mangey cats from the Legion as backup. Meanwhile Gokana is grinning like a black Jabba the Hut.

Let's get it done.

[bobby1904] 04/6/2018 11:07

Exactly the point. Assuming vote goes through then this should bounce to 12-15p at least but ultimately it could be huge on the out come of well 103!!

[neo26] 04/6/2018 09:22

Investors have to remember aaog will have over £8m in bank it will take c.£6m to complete drilling but around half of snpc share will be recovered by oil revenue.

[rwells4474] 04/6/2018 07:47

All eyes on the vote today ?

[bad gateway] 04/6/2018 06:11

I disagree. They may issue a wooly RNS that fools the market into thinking they're going to but imho drilling won't commence until both the licence and final contracts for the production sharing agreement with SNPC and AOGC are formalised and signed.

[neo26] 03/6/2018 22:16

i think they will drill even if they dont get the license upgraded short term.

[pinkfoot1] 03/6/2018 18:31

I have taken part in the placing.The reality is that raising the cash to cover the unfortunate hole in the drill cost was the correct option-without it,no drill.

Tomorrow will see the vote go through-and then this latest hiccup,hopefully the last,will be behind us.

The investment case is more compelling than the original raise.Quality CEO,oil price much higher,Long licence,
and hopefully a BOD who have learned from past errors.

Thee can surely be no further excuses.The CEO is a real achiever in my view and it’s a pity he wasn’t around this time last year.

[bad gateway] 03/6/2018 18:07

Yes it will be good to get the drill on the go.
Would like and expect to see positive results from 101 & 102 shortly after placing news too. They've separately reported 85-90BPD in the previous few RNS's so updates on those may be timely if they've equalled or beaten current targets of 200-250 BPD combined.
Also want to see the new licence arrive before they drill 103. They have stated it could take some months in their placing RNS. Hope not as nailing down these contracts first seems good business from their history there.

[neo26] 03/6/2018 17:48

No..Just regular pi...Snpc have no dough, they cant fund the drill, if aaog dont raise the cash the company is going nowhere. All institutions will vote for the placing apart from sister. Not many pi's would vote so the funding will go through.What i want is they actually drill now its dragged on far too long.

[bad gateway] 03/6/2018 16:52

I presume when you say game over you're simply repeating what fincap told you? Talk about hook line and sinker.

[neo26] 03/6/2018 16:48

badgateway

shareholders have waited over 1 year to get this well drilled, no one gives a toss about tlp101/102.

Sister holds 23% of share capital, i cant see them having enough votes, any pi's voting against this placing are crazy, its game over.

If they finally drill mid july this will be trading near 20p.

[neo26] 03/6/2018 13:08

placing at 8p a share, one large shareholder not happy, its the only way to get the tlp103 drilled as our partners are broke.

[bad gateway] 31/5/2018 16:59

So quite some upside then?

[money4me] 31/5/2018 16:57

if it reaches anywhere near £800M market cap i won't be able to speak i will be so drunk

[honestmarty] 31/5/2018 16:21

M4m

Rig mobilization 10th June, drilling by mid-July, 800 million mcap possible, that's five pounds per share.

But please don't tell anyone.

[money4me] 31/5/2018 16:05

just wondering if they can manage to delay this any longer. perhaps drilling season will run out?

[honestmarty] 31/5/2018 15:17

I think it will pass.

A tasty update thrown in on Tuesday morning to shake things up hopefully.

[themadstork] 31/5/2018 15:02

They are referring to offers from CLN providers. This placing is the best deal available for shareholders; it funds 103 and unlocks large potential upside. There is no non-dilutive option on the table. If there were then the board would have taken it.

[honestmarty] 31/5/2018 14:58

The board says a number of funding solutions. Perhaps Sugar Daddy Gokana will throw some spare change at us?