Anglo African Oil & Gas Share Discussion Threads

[pistonbroke1] 04/1/2019 11:24

true but a placing to raise funds for further wells in a discovery area is a good thing. More wells more BOPD, more profit.

[supercity] 04/1/2019 11:18

You only have to go back to the November rnsAnglo African Oil & Gas plc, an independent oil and gas developer, has received notification from Sandabel Capital L.P. ("Sandabel") that it has exercised conversion rights over the remaining GBP250,000 unsecured loan notes, issued pursuant to the partial drawdown announced on 19 November 2018, at a conversion price of 6.3 pence per share. The company will, therefore, issue Sandabel with 3,968,253 new Ordinary Shares in the capital of the Company (the "New Shares").The Company does not intend to drawdown further on the Sandabel financing facility and is exploring alternative financing options.They got screwed by Sandabel and you can not drill and produce oil on thin air so of course new funds will be required it's hardly rocket science and anyone who has held or traded these in the past twelve months is well aware of it

[apfindley] 04/1/2019 11:15

It's funny that you only appeared on here after the rise.And only to tell us you sold. No mention of you ever buying, or having any discussion input. Oh well rofl.

[apfindley] 04/1/2019 11:13

Hahaha. The placing which is coming since you sold yesterday, apparently.You guys are desperate manipulators.

[phoenix equity] 04/1/2019 11:05

What price is the placing

[supercity] 04/1/2019 10:50

I've sold after buying at 11p last year and liking the story I was sitting on a 30-40% loss two weeks ago and have now taken a 30% profit only two weeks laterCould have got more if I had held a little longer but fully aware of the need for funds down the line i am happy to sit back and see what transpires Good luck all

[wapit] 04/1/2019 10:49

Never heard or seen someone so Bullish, roll on Monday.He cannot wait to tell us :-)

[croxonopolis] 04/1/2019 10:47

Remember, this started to rise yesterday at 1.30pm

Lets hope for some buying pressure again later for Monday am RNS

[2solaris] 04/1/2019 10:22

For those who haven't seen yesterday's YT video here's the link. Looks like we will have another along with the RNS on Monday.

[croxonopolis] 04/1/2019 10:13

I haven't sold. But I'd never knock anyone taking profit.

Read the posts more in-depth before commenting next time

[homebrewruss] 04/1/2019 10:02

Worth staying in until Monday at least based on 'that' interview imo.

Are they still planning on distributing a large portion of the profits as dividends?

If the news is as intimated and this well and others could be prolific producers, what price then if they are distributing much of the profits via divis..

[apfindley] 04/1/2019 09:53

It is a bit silly. Ahead of news stated as MONDAY. Plus we've already been told that it will be a commercially producing well. You are free to sell if that's your choice.

[croxonopolis] 04/1/2019 09:38

Findley, you come across as a right tool.

You never read posts. Ever. That's obvious. Now you are knocking some one for selling and taking profits.

Sometimes I wonder if you don't hold and are just a lonely troll

[apfindley] 04/1/2019 09:14

You're going to regret selling.Unless you're saying you've sold because you want to load up before it climbs higher.Thats what a lot of the other guys are saying. Why pay 17p when you can create a story and hope to pay 15p Instead. Haha.

[pro_s2009] 04/1/2019 08:55

I sold, took my profits.

Why not.........its big profits and its not a profit until you take it.

Will watch now. if it drops far enough back I will buy again. Good luck to all holders holding on.

[apfindley] 04/1/2019 08:44

They might be pump n dumping as they are selling to grab profits. That's their game.However, the Company is definately not a pump n dump.Listen to yesterday's interview, and know that wireline news is coming Monday, and drilling is continuing to the bigger Djeno.Deramp all you want.But this WILL be a producer. No doubt.And do you remember jog.? This is worth far far more, and look what the Pumpers pushed that to, with nothing of what aaog have.Money is staying firmly in here.

[tidy 2] 04/1/2019 08:36

Probably be 15p judging by the gap up. There was one at around 9p also so lets see. All good tho

[someuwin] 04/1/2019 08:30

finnCap yesterday set a price target of 38p

...And that's before we get the wireline logging results for the multiple zones in 103 on Monday!

[oilbuy] 04/1/2019 08:28

They need to raise a large amount and it will be discounted.

[ayesha4] 04/1/2019 08:21

They are raising a small amount at around the current price

[cudmore] 04/1/2019 08:13

As I said yesterday.......MTMY is going to take off pre Monday update.

[oilbuy] 04/1/2019 08:03

Dont forget to take profit. The retrace will come at some point !

[croxonopolis] 04/1/2019 08:01

Pump and Dump crew all over LSE Twitter and here now.

All new names.

First we had to endure the shorters, now these troglodytes.

While we are all excited, Remember to keep a level head. All that matters is the RNS. Believe nothing here esp share price predictions from new posters

[tidy 2] 04/1/2019 07:52

Interconnected how big are the neighbouring fields. Answer Today 07:46 Price: 16.50TIPTOP 10,674 postsRE: Thinking about buying in bigBelow are our closest producing offshore fields and they all produce from the Djeno sands. Some fields are as close as 15km away with the farthest only circa 40km. The proof is out there :-) *The Masala Marine field is currently producing at a rate of 5,000bbl/d from the Djeno sands and is estimated to have 1bn boe of reserves.*The Kitanan and Djambala fields are producing at a rate of 50,000bbl/d.*The recently discovered Nene field is estimated to have 1.2bn boe in place and is located 25km away from our acreage and is expected to have plateau production of 140,000bbl/d.*The Lidongo discovery was made in 2014 and flowed at 5,174bbl/d and 3.65mmcfd, 20km away from Tilapia.*The Litchendjili field is estimated to have 1bn boe of resource in place. This field is expected to produce at a rate of 140,000boe/d with the gas being fed into the CEC power.