Anglo African Oil & Gas Share Discussion Threads

[apfindley] 18/9/2018 10:48

Let's hope so. Delays not great, but nothing has changed regarding what they will find down there. It was 12p for a reason before, and it will be again. And the target prices are not adjusted much for the delay and slight cost overrun.

[pro_s2009] 18/9/2018 10:39

Firming up now..........should not be too long to get back to 12p, another few weeks.

[apfindley] 17/9/2018 14:17

Leaky leaky. Buying on the Grapevine news ?

[wanobi] 16/9/2018 22:10

thanx isa, good to see progress from so far away!! cheers Wan Obi

[isa2020] 16/9/2018 22:07

https://mobile.twitter.com/angloafricanog/status/1041384734146867201Interesting - things happening

[ianio5691] 14/9/2018 12:32

lot of buying - bid and offer slowly rising.

[pro_s2009] 12/9/2018 21:09

Yes, looks like it. Thanks for the updates JF.

[sep800] 12/9/2018 20:06

. I believe it will be 4 weeks before rig can start to be assembled on this pad.

[jonnyfro] 12/9/2018 16:19

Jonathan, we expect the pad to be ready within 10 days, we then need to hammer the new conductor and then move the rig. I haven't confirmed my schedule for next week as yet and I am heading home this evening. Regards, James.Email from jb redrilling end of month imo

[cperkin] 12/9/2018 16:16

Rig down and pad underway



Soon be spud time.

[jonnyfro] 12/9/2018 16:13

Jonathan, we expect the pad to be ready within 10 days, we then need to hammer the new conductor and then move the rig. I haven't confirmed my schedule for next week as yet and I am heading home this evening. Regards, James.Drill before month end imo

[pinkfoot1] 12/9/2018 15:33

Cash.There are some on here who simply choose not to listen or believe the Chairman or the company’s broker.Why is beyond me-it’s a public company, not a tinpot private enterprise

[jonnyfro] 12/9/2018 15:33

https://twitter.com/angloafricanog/status/1039882070447796224?s=21Seems like things are going well

[cashandcard] 12/9/2018 14:42

sep800,


They are not moving 100's of miles away, just 100metres, within the same field of operations. They are working on building the new pad right now, no rig on top of it. While simultaneously disassembling the rig from the original site to move to the new pad the moment its ready. They have stated 25days. So early October for respud. They have stated multiple times, they will update as they go through the target horizons.



Cash

[money4me] 12/9/2018 11:08

they stated this was about a 25day delay. not sure why you think it is going to take so much longer.first oil by end October

[sep800] 12/9/2018 10:47

They need to get to the site if they are ready.
Also an appraisal needs to be signed off making sure the new site ground conditions are suitable. This is the norm.

[sep800] 12/9/2018 10:42

I can't see share price getting lower however if we get further delay with platform difficulties
then I can't see any flow rates this side of xmas.64 days for drilling thats mid nov and thats it we are drilling today.
I still think drilling won't start for 4 weeks, doesn't mean I want share price to fall but mm's will force this down if we get any more negative RNS.

[sep800] 12/9/2018 10:35

Just being realistic and factual
Would you like to wage your shares on this ?

[pistonbroke1] 12/9/2018 10:16

sep800 try a bit harder if you want in cheaper.

[wanobi] 12/9/2018 10:10

apols if I misheard, but i though he stated the concrete platform was complete already? cheers W

[sep800] 12/9/2018 10:00

TOPSIDE

To support Rig in future to prevent previous dilemma, A concrete platform will need to be constructed as a base to support the Rig. It also needs to be stable enough for the prolong vibration from the drill too.
A new contractor will have to delivery mass concrete and construct this platform prior to the rig assembly.
I think it will take a month or so for these works to be carried out and lets hope this will resolve this issue on the new location.
Unfortunately we just have to wait longer for the re-position of the new site and this can't be done within a few weeks.
Not expecting flow rates now till end of the year

[sep800] 12/9/2018 09:59

TOPSIDE

To support Rig in future to prevent previous dilemma, A concrete platform will need to be constructed as a base to support the Rig. It also needs to be stable enough for the prolong vibration from the drill too.
A new contractor will have to delivery mass concrete and construct this platform prior to the rig assembly.
I think it will take a month or so for these works to be carried out and lets hope this will resolve this issue on the new location.
Unfortunately we just have to wait longer for the re-position of the new site and this can't be done within a few weeks.
Not expecting flow rates now till end of the year

[pro_s2009] 12/9/2018 05:43

In case anyone has not listened to it, podcast from yesterday, 11th Sept.



.

[wanobi] 11/9/2018 14:35

thanx pro & rest assured I do understand this is a complete punt at this stage, they need to be successful this time around and all sorts of things can go wrong!!! cheers W

[pro_s2009] 11/9/2018 14:32

Good luck.