Anglo African Oil & Gas Share Discussion Threads

[ileeman] 08/8/2017 09:03

lol paul

Missed the moves deramps it, buys back in higher ramps it haha

[timw3] 08/8/2017 07:31

Finally some substance on here.
Yes the geology is superb.

I'm very excited about the workovers. I think they are going to surprise the mkt.

Tl101. Will be cleaned out as the wax build up has caused the well to literally close over over the years of no-low maintanence. This should be fairly cheap, quick and simple.

TL102. Will be coil tubed or fishboned. Both highly effective in restoring wells to there original states. 102 was something in the region of 2000bpd down to 900bpd and now 40 odd. I'm hoping fishbones are used. Will take half a day with the use of tl3 rig.

So those who intend to sell on the spud of TL3 will likely be missing a good chunk as the excitement will reach fever pitch if we can get over 500bpd from TL1 & TL2. A 45 day drill into prolific, proven and producing acreage. Are neighbours are running strings of wells pulling 5kpd out each.

If we get half of that off of 4wells. The doors will literally fall off this barn.

Divi at 50% of profits once we get to 1000bpd

Divi at 75% of profits for higher targets.

DRILL OF THE SUMMER

[runwaypaul] 07/8/2017 22:54

all fine and dandy.

lets just hope this gets some sentiment and we see the 40-60p spud prices some think are achievable.
don't see why we shouldn't be able to break through resistance shortly,the drill is far close than before.

on success who knows £2-£5?gl

[timw3] 07/8/2017 22:39

is the break even $10 per barrel of oil on this asset?

Is it also true they own the production faculty and it has the capacity to flow oil at 5,000BOPD now?

Does this mean that if they do discover oil in the lower reservoirs that they can hook this up to production within weeks?

What would 1,000BOPD do for the company on a profit basis? $1.1 million profit per month? 2,000BOPD then double it. If they achieve a similar flow rate to the fields next door at 5,000BOPD wouldn't that be $5.6 million a month?

$67 million a year in profits? So Even if they have 1,000BOPD and have profits of $13 million a year for a market capital of £13 million.

Just how high can this go on success? It's compelling really.

[sportbilly1976] 07/8/2017 14:27

iLeeman - agree...a few able to sell back again at the share price before Mays rns & will take the opportunity

[ileeman] 07/8/2017 14:18

26-27p quite a large resistance area, expect might take a few days or so to break imo.

[runwaypaul] 07/8/2017 14:10

sadly, mickey the clown is back.....

[love it] 07/8/2017 13:57

Can buy at 26.4p. Each one pence rise in the bid triggers a few sell orders which stall it for a short while but once they clear the price jumps to another high. How long before 27p is being paid ?

[love it] 07/8/2017 13:26

Cannot buy anything online at 26p. This might hit 30p later as City overhang is coming down nicely.

[sportbilly1976] 07/8/2017 13:10

so they go from 9.52% to 3.48%, which I make crossing 6 percentage levels yet only announce once ???

1.8mln can go in one day with a positive rns coming...

[pistonbroke1] 07/8/2017 13:08

RNS - good news with City nearly done, not many left to dump.

[runwaypaul] 07/8/2017 13:02

city nearly done.nice to see.

hopefully a SDX Part2 situation developing......

[sportbilly1976] 07/8/2017 08:41

25p next initial target and then 27p - and then back to the Spring range

[sportbilly1976] 04/8/2017 16:49

usual day trippers selling out at the close... :)

[johnwise] 04/8/2017 13:46

July 30, 2017

KANO: At least 69 people died in a Boko Haram ambush of an oil exploration team in north-east Nigeria, as three men kidnapped by the jihadists made a video appeal.

[cashandcard] 04/8/2017 12:46

timw3,Think I'll do that when I get a moment.Cash

[richie32] 04/8/2017 12:17

fwiw the way I see it is that the more confidence in the board the less updates you need. Seems to me the company is doing OK so am with iLeeman on this

[butchdogg] 04/8/2017 11:41

let the drill do the talking.

an RNS that says 'exceeded expectations' is all i need to read.

[ileeman] 04/8/2017 11:39

"An updated presentation would be nice, .....no?"

Doesnt bother me in the slightest to be honest.

[cashandcard] 04/8/2017 10:57

iLeeman,


Who mentioned getting spoonfed everyweek other than you?

An updated presentation would be nice, .....no?


Cash

[pinkfoot1] 04/8/2017 10:33

Most of the last round was EIS I think so unlikely sellers.Onwards and upwards