Anglo African Oil & Gas Share Discussion Threads

[pro_s2009] 28/8/2018 06:02

Security wise need the R1/R2 and Mengo to come in good. That will firm things up and then the excitement will build for the Djeno and potentially the Vanji.

[sep800] 28/8/2018 02:22

A phrase from CEO

' "The commencement of drilling operations ahead of schedule expected represents the culmination of a considerable amount of hard work by the team,” David Sefton, Executive Chairman, commented. “In the space of six months, we have effectively built a new operations team from scratch, commenced the well planning process, raised additional funds, negotiated all relevant contracts, completed a new Environmental Impact Assessment, successfully executed the workover of the two existing wells and have now mobilised an entire drill team and equipment. This is a real achievement for a junior oil and gas company.”

What more do you need to invest

[pro_s2009] 27/8/2018 11:48

Thanks JonnyFro.

Direct click link below:




.

[jonnyfro] 27/8/2018 11:33

https://www.forbes.com/sites/markvenables/2018/08/26/low-risk-exploration-the-key-to-success-in-the-congo/

[dandadandan] 27/8/2018 08:32

Just waiting for the good news on Thurs.
They also have a lot of news feeds all lined up.

We will all start to dance the 'conga in the congo' soon, once Djeno news hits the headlines. They know the oil is there just a matter of 'hitting' the right spot.

Eni are in there too.

Watch this share price move next week once the market wakes up after the holiday season break. Exciting times are about to unfold.

GLA.

[thamestrader] 26/8/2018 15:19

(sorry duplicated)

[thamestrader] 26/8/2018 15:05

If they're running to schedule, they should be drilling out the 20" casing today/tomorrow, and be in the R1/R2 tuesday/wednesday. But they could be several days adrift by now, for all I know.

But has anyone heard what's actually happening at the wellsite since spud day??

[money4me] 26/8/2018 12:45

next week hopefully. will we actually see any movement in the share price dead so far as with many such companies.

[pro_s2009] 25/8/2018 16:02

Updated drill/time/depth chart

[thamestrader] 25/8/2018 01:33

And there was me thinking it was aaaallll about AAOG.

[pistonbroke1] 25/8/2018 00:12

Might be true if they didn't have to worry about the other few thousand stocks.

[thamestrader] 24/8/2018 11:56

Spread a massive 6% again.
MMs trying to subdue trading so they can knock off early for the long weekend.

[money4me] 24/8/2018 09:20

get in before the long weekend

[shafaq] 24/8/2018 09:10

Imo could be a good afternoon to cob.

[apfindley] 24/8/2018 09:07

Yes a lot of buying pressure in anticipation of early feedback from the shallower zones. Not far away from a move upwards now.

[ammu12] 24/8/2018 09:03

Buyers coming in now for the oil shows

[thamestrader] 24/8/2018 08:05

ok, yes, i did see the B/N, it didn't sink in that it was by finncap.

[pro_s2009] 24/8/2018 02:59

The Finncap report link is in the header.

[thamestrader] 23/8/2018 21:07

Haven’t seen the Finncap bn, but am aware of the CoS figures you quote.

[euclid5] 23/8/2018 20:45

Thamestrader, have you read the Finncap BN?

"The next two zones have higher risk of failure" 60% CoS for the Mengo formation

The Djeno is the higher risk at 25%

[money4me] 23/8/2018 13:01

good news hopefully. if they somehow cant get oil from R1 R2 then they will be decimated. perhaps could still get something from below though. all or nothing

[pro_s2009] 23/8/2018 11:43

Expecting a weak day today and tomorrow, ahead of the long bank holiday weekend. Volume and price should zoom upwards from Tuesday open........ plenty of news and events next week and the week after.

[sportbilly1976] 23/8/2018 08:42

anyone submitting questions for the podcast on the 30th?

Given that R1/R2 should have been hit by then it could be damage limitation exercise or celebratory!

[thamestrader] 23/8/2018 08:42

They will almost certainly find oil in commercial quantities the R1/R2, which they will hit next week if all goes to plan. They are already producing from here on two adjacent wells, which is why it is so certain. But this alone will not change the game.

The next two zones have higher risk of failure, but potentially much bigger rewards. These are considered as appraisal drilling.

If these two look good, they may continue drilling to a fourth possible zone lying below, This is exploration or wildcat drilling.

Depending what they find, a fourth well, drilled back2back with this one, would further appraise and produce from these new horizons.

[wanobi] 23/8/2018 08:27

many thanx Pro