Anglo African Oil & Gas Share Discussion Threads

[dandadandan] 06/9/2018 08:15

Sp stable and getting ready to go UP.

Just watch the trades. Move on elsewhere day traders....

This is a technical rig issue nothing to do with the seismics.
They will know a solution and it is just a matter of a little delay.

What a prize to seek and a silly share price due to market madness.

You cannot hide the fact that 'Mengo means big MONEY'.

Just topped up with quite a few more...

GLA.

[ronwilkes123] 06/9/2018 08:13

Definitely under 7Lower if shifting sands

[costax1654x] 06/9/2018 08:07

It will go under 7!

[costax1654x] 06/9/2018 08:02

Every day with delays is a red day

[pinkfoot1] 06/9/2018 07:54

I clearly know more about drilling than you do.They also have plenty of cash so unless you are a day trader, the share price is a sideshow until they start drilling again.Im sure we will get the clarification you need in the next few days

[ronwilkes123] 06/9/2018 07:26

Where does it say that is the problem ?This will open 10% down and continue to fall until they clarify the issue

[pinkfoot1] 06/9/2018 07:25

It’s a technical issue with the rig-the reason they stopped drilling was to avoid damaging the well.Bad luck but hardly worth the carnage that has unfolded

[ronwilkes123] 06/9/2018 06:12

How much off today then another 10%

[ronwilkes123] 06/9/2018 06:11

How much off today then another 10%

[ronwilkes123] 06/9/2018 03:02

A complete disaster - share price will continue to drop until they can clarify what the problem is

[thamestrader] 06/9/2018 02:48

That definition of topsides is fairly irrelevant for a land rig (although i guess it kinda works if you replace ‘waterlineR17; by ‘ground level’).

[thamestrader] 06/9/2018 02:27

That is exactly my understanding too. It’s not a well or geology problem (they are not topsides), but a rig problem.

[cashandcard] 06/9/2018 00:14

Ronwilkes,The RNS clearly states 'topside issue that has affected the rig', that's not a problem downhole or with the geology.Cash

[sep800] 05/9/2018 23:27

All you need to know about all variations of TOPSIDE

Read from the link below and your'e read its common practice and easily remedied.

Hold on to your shares as weak investors know not what they invest in.

I have read a few posts here that are concerning. My advise ... Don't invest in AIM if you don't understand what AIM is or provides for companies.

Understand the fundamentals, The Risk involved and get both of these right and your'll be well rewarded. Loosing sleep worrying about your investment daily, then this is not for you. You need patience and when the tide turn against you like today, turn this negativity into a positive ..... Low risk here with potential huge gains, and much multiples of 25% fall as seen today.
DYR

[money4me] 05/9/2018 22:15

these lot seem to do anything to avoid hitting oil. keep getting paid though

[duckdown] 05/9/2018 21:14

Get the rig crew digging with a shovel in the meantime.

[pazzuzu] 05/9/2018 20:11

Ron when this is all said and done I will be entirely honest with you, it will blow your little mind little man. ;)

[investorsiba] 05/9/2018 20:03

That David Sefton email makes no sense - he states he doesnt know how serious the issue is - then states various solutions are already being looked in

So many have called this wrong - It was over pumped

The pump is over - now its time to leave before it gets worse

[ronwilkes123] 05/9/2018 19:26

They don't half ramp on that other thread - down 15% tomorrow if noupdate guaranteed

[dandadandan] 05/9/2018 19:14

Patience pays.

They found the problem before reaching R1/R2, foundation sands already mentioned by Sefton..

They have contingency money to cover the costs and a rig crew being idle will not be liked by anyone.
Get the video conference calls working for some expert eyes on the problem.
Better still, just use your iphone in the Congo.


Solutions are what the experts provide. Now get ready to inject a foam raft, like they do on those boggy roads. Shifting sands are under control and stable.

Watching out for the next RNS and getting this back on track.

Blue day tomorrow?

GLA.

[ronwilkes123] 05/9/2018 18:39

Yes not finished yet - but the race may be cancelled half way ;-)

[pazzuzu] 05/9/2018 18:39

Lest not get ahead do our self's though Ronald, the race is not over yet.

[ronwilkes123] 05/9/2018 18:38

But I'm better at this than you