Anglo African Oil & Gas Share Discussion Threads

[honestmarty] 05/12/2018 15:29

JB has a solid track record.

Fatboy should show Treason May the way and fall on his sword.

[stevie050] 05/12/2018 15:28

I just can't help thinking there will be more delays, more 'issues', more failures, more excuses..... almost anything but oil. Hope I am wrong, but not confident !

[neo26] 05/12/2018 15:08

I have been following aaog since ipo, it looked like a straightforward plan to get into production.

Then the excuses came, from waiting for the rig from eni that never came, snpc refusing to pay there share, well being spudded and then moved off target and moved to another, Rig wasnt up to standards needed new parts.

Total charades, spent well over 20m and they wanting more cash, where is the money going???

Honestmarty you are not being honest for you to buy in the lows and see a 1p increase in share price is ok for you but sefton and co have been promising but the share price has been falling and shareholder being further diluted.

Sorry this company has poor management.

[cashandcard] 05/12/2018 14:51

I have to say, the reason why I'm still out of this is because of the inability to deliver a single well since they IPO'd. I think its badly managed and whatever money you give them, they'll probably waste it. As I've said before, many a small oil company has failed to deliver shareholder value, not because they did not have money, oil or assets. But because of poor leadership which meant money went down the pit for zero return and shareholders got wiped out. I like to call this 'death-spiral management'.


Cash

[neo26] 05/12/2018 14:21

LanioI will eat my hat if this hit 12p+ if r1 strikes oil..

[neo26] 05/12/2018 14:20

Honest what about investors who bought at 10p, 15p, 20p.It shouldnt cost this much to drill well.R1 is priced in and so is the mengo once those shares are added.Imho

[croxonopolis] 05/12/2018 11:09

I don't agree Ian, esp in this market. I hope so but doubt it. 10p is my exit price. Anything more, I will think myself very lucky. Its not 50% PROFIT HSmarty unless you bought at 7p. Im still in the red with AAOG...like most on here. Including you.

I do not think management will see their options unless Dengo comes in. Im not prepared to take that risk. Here for Mengo then out, and Im sure many will have the same strategy. See the problem here?

2 days off R1/R2 and 7p. Says it all

[ianio5691] 05/12/2018 11:03

Sorry but I don't agree Crox.

I think failure is currently priced in here - based on the repeated disasters including relocation of the drill, breakdown of the drill, and the ridiculous death spiral finance option.

I do think that there will be a marked pick up in volume as those in the know... and this is clearly a very leaky ship... buy in on the first traces of oil.

Any day now.

Hopefully R1/2 will see us back over 12p - at least!

[honestmarty] 05/12/2018 10:53

Croxo

That's a 50% profit.

[croxonopolis] 05/12/2018 10:38

Everyone expecting fireworks from R1/R2. It's priced in already.

With Mengo we will be lucky to hit and stay above 10p

[honestmarty] 05/12/2018 10:01

Neo26
Correct ,it has been dreadful

But

It is now happening,

And if we hit oil, we recoup all of the cash spent that our government partner didn't fund.

[nametrade] 05/12/2018 09:40

Perhaps you should bring it up at the GM?

[neo26] 05/12/2018 09:32

Honest martyThe problem is they have spent 20m and still havent drilled past r1.They want to raise further 5m, it just looks to me money is being wasted dont understand why its costing so much to drill well.

[honestmarty] 05/12/2018 09:05

The downside to our well being connected to existing infrastructure is the ease with which news will leak.

This was demonstrated by the rumour in respect of the brake replacement.

Are we just going to see a surge in buying (or selling) some time on Friday?

[honestmarty] 05/12/2018 08:53

Neo26

If they issue more shares, at a higher price, following a successful well, to fund s further well.?

What is the problem?

[neo26] 04/12/2018 20:22

This is getting out of hand, dilution after dilition

[croxonopolis] 04/12/2018 13:19

Bought more today to bring average down even more. In the hope I can bail at break even ASAP. Truly, I think positive R1/R2 news won't have much impact on share price Hoping for Mengo to come in then I'm running for the hills. Hopefully breaking even at 9p

[money4me] 04/12/2018 09:47

lets hope it is a spike up. will there be a rush to sell just to recover some money. tempting given the shambles this has become

[honestmarty] 04/12/2018 08:34

Weird start.
We are getting agonizingly close to R1/R2 news, the spike will be frightening.

[lithological heterogeneities] 03/12/2018 14:15

OPEC meeting on 6 dec.
Saudis will cut production to increase oil price.
Should be a strong oil price recovery in run up to Christmas.

[pro_s2009] 03/12/2018 09:56

Oil price is rising and so sector comes back into favour........so all oil stocks rise, some more than others.



However, AAOG needs good success with the drill bit. News on that front has to be good.

[croxonopolis] 03/12/2018 09:28

If it can break 8p it's going to be a very quick run back to 10p. We could do with that base for Mengo "if it's successful".

Sea of blue all over today so let's hope.

[apfindley] 03/12/2018 09:01

Should be very close to the r1/2 zones now. The chance of success in those is 90% as its already a producing zone(s) on the acreage.

[honestmarty] 03/12/2018 08:35

100k seller from earlier just taught a harsh lesson

[money4me] 03/12/2018 08:17

news this week or next