Anglo African Oil & Gas Share Discussion Threads

[the patient investor] 07/1/2019 10:54

done already

[croxonopolis] 07/1/2019 10:49

Right of the name - press the arrow, list shows up, filter. Done

[ayesha4] 07/1/2019 10:20

All the discoveries nearby didnt flow?

[ayesha4] 07/1/2019 10:14

Interesting.So the 5000 bopd next door is just waffle

[ambrose65] 07/1/2019 10:05

It is not surprising to see the market reaction from this morning.

If you read the RNS with rosey tinted glasses, this is great news,... but with a bit more realistic approach, this is typical Sefton BS.
No substance and nothing of value.
The CPR told us all about the 103, way before this was drilled. The only real performance indicator is the flow test and flow rate.
Sefton mentioned many times before that the Mengo was found and identified in the old days. Yes, we know that, but it never has been flowing ! Ever ! What would be the difference today ?
Someone mentioned fishbones, well, even if Sefton boasted about it in an RNS last year, there is NO PLAN to use fishbones ! Again, this is pure comm manipulation !

Also, the biggest one, is the 101 & 102 on Water injection !
Two wells which never produced a drop of water in their life ! Now, he's planning on implementing water injection when :
1) there is no water treatment on site (as there was never any water produced)
2) the production mechanism is clearly not a water drive (as there is no acquifer) so where will they inject the water ?

This is basic reservoir engineering for dummies really. I spoke to a guy who works with Weatherford and he was smiling.

So the only company maker for AAOG is the Djeno ! And the odds are low - extremely low ! today, the comms is pure pumping ! Hope loads of people made their money before it goes back down again !

[ayesha4] 07/1/2019 09:35

Im in at a much higher amount at a much lower price and have blasted Sefton personally several times. Good to see him come good.

[apfindley] 07/1/2019 09:28

Exactly. Think dragon, etc, what they did about 15+yrs ago. Massive reratings.If the Djeno comes in too, that 200mill I mention will be history, we're talking closer to 500mill, and for a full field development with multiple Wells, then £1bill+ very comfortably.I'd certainly be happy with a raising at today's price for around 1/6th of the market cap. I think investors could welcome that into the current upbeat newsflow.

[trulyscrumptious] 07/1/2019 09:25

Yes, time to buy a few, I'm in.

[lithological heterogeneities] 07/1/2019 09:10

Nice one Ayesha.Good to see you here.

[croxonopolis] 07/1/2019 09:02

Any thoughts on if a placing is going through? Made me wonder that sharp drop on Friday late pm. Personally, I'd be glad to see it out of the way.

It also had to consolidate. I see a move up later like previous trading sessions.

[plentymorefish] 07/1/2019 08:57

Thanks for letting us know

[ayesha4] 07/1/2019 08:50

Taken 200k in small lots under 15p

[lithological heterogeneities] 07/1/2019 08:46

Yep. This is a potential once in a lifetime opportunity. If we hit 5000bopd I am here permanently for the dividends.

[apfindley] 07/1/2019 08:43

The price right now doesn't matter. I'm more bothered where it will be in 6-12 months as we bring the well into production and enjoy the significant revenues from it.This will be many multiples, maybe not today, but in the future. £200m+ market cap easily.

[hiddendepths] 07/1/2019 08:33

No point ramping.

When a CEO advertises massive success in an interview ahead of an RNS, every trading-minded person who becomes aware of it piles in. And then they sell on the RNS.

Tried and tested way of making money quickly - if you get your timing right.

When the traders have exited, investors make their minds up. And the shares that the traders have dumped create a little overhang and an excellent entry/top-up opportunity for those who believe the story.

[lithological heterogeneities] 07/1/2019 08:26

Time for s cuppa.

Another fantastic step towards being a £1-£2 share by end of 2019 and retire on the dividends

[lithological heterogeneities] 07/1/2019 08:25

If we hit 5000bood at Djeno then we will be nearer £1.

And there is no reason to think we won't. Yes,there is still a chance we may not, but with surrounding Majors already producing 5000bopd+ from the same Djeno field and the seismics already proving to be extremely accurate ,(which was a blatant hint if ever I saw one of his confident they are), then why not ?

[lithological heterogeneities] 07/1/2019 08:15

The only reason this might drop temporarily is that newbies and day traders mistakenly think this was the big news...IT ISN'T...that's to come in the next week or so.

After they drill through Djeno they will then carry on down to the Vanji...another potential 5000bopd+ discovery !

[talkman2] 07/1/2019 08:14

Thank you market . In for another 2x25,000 at around 15.5p. This happened the other day and then shot up . Looking forward to the interview later .

[tyler90] 07/1/2019 08:11

Have to let the traders earn their pennies lol!