Anglo African Oil & Gas Share Discussion Threads

[tidy 2] 03/1/2019 13:42

ALOT of oil and not at main targets yet.

[edgar222] 03/1/2019 13:42

Rofl Thomas, you think he said nothing?!!!!

[thomas11] 03/1/2019 13:37

Suspect the rise follows this interivew

[thomas11] 03/1/2019 13:37

Saw the interview on proactive - David is a big tease !!! He knows and keeps smiling but won't say anything until Monday on the 103 results

[money4me] 03/1/2019 11:59

Just about to go blue

[rovi70] 03/1/2019 11:23

nice and tidy to, thanks

[tidy 2] 03/1/2019 10:37

From: David Sefton Sent: 03 January 2019 10:03To: xxxxxxxxxSubject: AAOG replyDear xxxxxxxx,I am in contact with many AAOG shareholders and always try to answer messages or emails. However, it is not every post that purports to have info direct from me that actually does so apply some caution?.On today?s RNS, I think the work that has been done on 101/102 and the proposal to move to water injection are clearly good news, albeit 101/102 is a sideshow compared to the 103 drill. And with regard to the 103 drill, the results have so far exceeded my expectations and I am very, very excited about this year!I am doing a podcast with proactive at lunchtime and will make the above points clear.Do stay in touch and happy new year.Kind regards,David SeftonExecutive ChairmanhTTps://twitter.com/FallujahRecover/status/1080770124548841472

[lithological heterogeneities] 03/1/2019 10:16

Imho it's nothing more than people thinking this was the main 5000bopd RNS we have been waiting for and saw only 400bopd and sold.

[money4me] 03/1/2019 10:02

This is bonus news. Why it's marked down is bizzare but thanks for the free money

[tidy 2] 03/1/2019 08:21

Even the sideline news is good. The main event is next. Wireline logs of current drill.

[apfindley] 03/1/2019 08:18

Unbelievable.Mugs who cannot read have assumed the update is for the drilling.Nevermind what the new 103c Well wireline is going to reveal, but the old 101 well is now almost double production at 55bopd. Furthermore, they want to use the 102 to inject which will reverse the pressure differential in that connected system, thus potentially increasing 101 too around 400bopd.Read the rns again punters.

[apfindley] 03/1/2019 08:12

"very successful drilling campaign" 'While the recent focus of news from the Company has rightly been on TLP-103C and the very successful drilling campaign, we have also been working methodically on the other two wells at the Tilapia site.'

[apfindley] 03/1/2019 07:43

This update is for the old Wells 101/102Its nothing to do with the current wireline of the 103c.Excellent news to increase production of old Wells.

[sep800] 03/1/2019 07:38

We really need 1000 bopd plus to be confirmed, need to wait again for confirmation but feel 400 bopd is best

[philjeans] 03/1/2019 07:35

More good news - excellent development.

[sep800] 03/1/2019 01:13

Litho
They have to be producing and selling all their Oil flow. All your assumptions are base IF ... IF ... IF
You cannot make reference IF.... they get 5000 bpd... because we are a long way off from the final drill.... Have you forgotten the CEO has paused the drill ?
Also this is all based on flow rates which I believe won't be as high due to the confirmation of the thick condense pockets. The wire log will confirm this and confirm actual flow rates.
We know 38 bpd is currently being flowed... So with these extra pockets I be surprised if more than 150 bpd in total in these area's.
We need to finalise and log wire the full depth before we start dancing, Then I may be wrong lets see.

[pro_s2009] 02/1/2019 21:16

Nice day today........more to come ?

[lithological heterogeneities] 02/1/2019 21:07

Euclid
"Litho, where do you get 10p div from - 10p x 178m shs = £17.8m in dividends, if they do that then AAOg has got to be the first oil co to of ever done that.don't forget thaey have capex to pay out before they start flowing bopd before paying the dividend. don't expect a div so soon until they are extracting the oil. So they will need a farm in / JV - capex costs first up"
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As can be seen above AAOG are going to give back 50%-75% of net profits after necessary capex.

If Djeno comes in as hoped,around 5000bopd, then the brokers forecast dividend payments (after Capex) of £16.4m - £30.2m.

These big dividends and the quality of the new CEO James Berwick are two of the main reasons i have invested ALOT here.

So YES, £17.8m,and more, dividends ARE being forecast by the brokers IF AAOG hit 5000bopd at Djeno very shortly. Then its carrying on down to the unexplored Vandji.

[lithological heterogeneities] 02/1/2019 20:59

Euclid
"Litho, where do you get 10p div from - 10p x 178m shs = £17.8m in dividends, if they do that then AAOg has got to be the first oil co to of ever done that.don't forget thaey have capex to pay out before they start flowing bopd before paying the dividend. don't expect a div so soon until they are extracting the oil. So they will need a farm in / JV - capex costs first up"
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Currently there are 177,929,038 shares in issue so the dividend estimates i have calculated myself are below (bearing in mind there will be more dilution so the estimated figs will be lower,but still give an indication of what to expect):

The broker suggests the following dividends(£m) with 177,929,038 shares in issue with my "per share" calcs. The Broker dividend estimates are AFTER AAOG's 56% ownership of Tilapia have been taken into account so no need to reduce to 56%. The deduction has already been made as its their revenue only from 56% ownership.

R1-R2 + Mengo (Best)
2019E.....£2.3m.....1.3p/share
2020E.....£3.6m.....2.0p/share
2021E.....£5.0m.....2.8p/share
2022E.....£5.9m.....3.3p/share

R1-R2 + Mengo (Best) + Djeno (Best)
2019E.....£16.4m.....9.2p/share
2020E.....£23.0m.....12.9p/share
2021E.....£30.2m.....16.7p/share
2022E.....£25.7m.....14.4p/share

[lithological heterogeneities] 02/1/2019 20:58

Euclid
"Litho, where do you get 10p div from - 10p x 178m shs = £17.8m in dividends, if they do that then AAOg has got to be the first oil co to of ever done that.don't forget thaey have capex to pay out before they start flowing bopd before paying the dividend. don't expect a div so soon until they are extracting the oil. So they will need a farm in / JV - capex costs first up"
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50%-75% DIVIDENDS

Broker Note - Dividend commitment


Dividend Commitment:
Success then with either the Mengo or Djeno sands would be expected to result in meaningful earnings and cash generation, and open up the prospect of a significant dividend stream; management has committed to distributing between 50-75% of net profits after necessary capex.

Dividend policy
The company has stated that once production reaches 1,000 bpd and assuming that oil prices are not less than $30/bbl, it will distribute dividends of at least 50% of net profits after allowing for necessary capex and subject to the availability of distributable reserves. If production exceeds 5,000 bpd, it will distribute at least 75% of net profits.

Significant dividend potential.
Our risked NAV for the ‘Best’ resource case from all three of these horizons is 41p/sh (106p/sh unrisked). In the ‘High’ resource case this rises to 90p/sh (241p/sh unrisked). Moreover, success with either the Mengo or Djeno sands would be expected to result in meaningful earnings and cash generation and open up the prospect of a significant dividend stream; management has committed to distributing between 50-75% of net profits after necessary capex.

[euclid5] 02/1/2019 20:28

Litho, where do you get 10p div from - 10p x 178m shs = £17.8m in dividends, if they do that then AAOg has got to be the first oil co to of ever done that.

don't forget thaey have capex to pay out before they start flowing bopd before paying the dividend. don't expect a div so soon until they are extracting the oil. So they will need a farm in / JV - capex costs first up

[lithological heterogeneities] 02/1/2019 19:57

In the property market its location,location,location.

In the stock market its management,management,management.

[lithological heterogeneities] 02/1/2019 19:52

New AAOG CEO James Berwick helped take Ophir Energy from $10m to $3.2 billion !


"For the time being, Berwick told us that he will remain focused on completing the work programme set out by Anglo African at listing. Beyond this, his plans are ambitious.

‘My full focus right now is on the drilling of TLP-103, but once this has completed we can look at what the best route is to grow, both in the Republic of Congo and elsewhere. That’s what I do, I was lucky to have been brought into Ophir where we grew the business from $10m to $3.2bn. I have contacts in the majority of large companies and if we do something interesting then I am pretty sure we could bring in a partner,’ he said."

[pinkfoot2] 02/1/2019 19:50

Bought more today-and wish I had the balls to buy even more.

I think the RNS re the wireline will be Monday