Anglo African Oil & Gas Share Discussion Threads

[phoebusav] 21/8/2017 12:26

Final top up for me too. Not enough liquidity at 23p so paid 23.4p.

[phoebusav] 21/8/2017 12:22

JOG/AAOG valuation gap widening further. By my calculations on an EV basis JOG now costs 110.1p per BOE net recoverable for Verbier, whilst AAOG cost only 26.9p per BOE for TLP-103. The level of relative undervaluation is chronic especially given that Verbier is offshore, has no production facilities and no appraisal component. Crazy.

[guyswonga74] 21/8/2017 12:20

Got my top up at 22.95p. Don't see it dropping much further

[guyswonga74] 21/8/2017 11:30

That's true. A few weeks ago from 17p - this range it was often hard to buy in bulk

[phoebusav] 21/8/2017 11:05

Given the liquidity, that's probably only feasible with smaller holdings or part of a big holding. Try doing it with chunkier positions and you'd cause some serious price movement trying to get out and back in again. Be right and sit tight.

[guyswonga74] 21/8/2017 10:51

Red for the sixth day in a row. In hindsight should of sold around 28p and bought back now. I guess most traders are looking for a lower entry. Once they climb on it will be hard to buy back. Well done those who traded this at 28p and buying at around this level. You get 20% more shares for your money. Am about 8% down myself but still holding

[phoebusav] 21/8/2017 09:30

They will be rushing to add as soon as it turns and once again will find it very hard. GLA

[butchdogg] 21/8/2017 08:58

love, yup guilty of my share of 'ramping' or posting research whatever way you see it.

many yet again are going to be stretched in this, which causes weakness IMO.

And no one is rushing to add. order in at 22.6

[loveandmoney1] 21/8/2017 08:38

you were the main ramper on twitter..no?

[butchdogg] 21/8/2017 08:36

Been ramped a bit recently, needs to cool off.

the catalysts are coming regardless of price action

[loveandmoney1] 21/8/2017 08:11

mafia

youre down youre hurting

best to flush it @23.5

[phoebusav] 20/8/2017 21:34

In fairness, I'd say the drop on the disappointing inital workover attempt was that entry opportunity for AAOG and I doubt you'll see another one as good again.

[butchdogg] 20/8/2017 18:37

DT, lol fair.

many will be happy to keep adding lower and many happy to hold.

[donald tramp] 20/8/2017 18:22

I'll be waiting for the spud delay rns that will be my trigger to buy.

Yes I do want a lower price to get in obviously and I think it's coming. I agree the share chat presentation was pants, but they do have a good chance here, just all about getting your entry point right.

Best thing to do with all these AIM stocks is have about 10 on your watch list that you know a bit about and just wait for the inevitable delay or further funding requirements etc rns to land and then act.

If this does spud all as it should on or before end Sept then no problem I've missed out, I'll just wait for a position somewhere else to arise.

GLTA.

[ileeman] 20/8/2017 17:43

Pink there is about 4+ pieces of news in the short term.

Rig contract + rig mobilization is all that is needed for this to rocket which will take place in the next few weeks.

[guyswonga74] 20/8/2017 16:05

What idiot on the other thread said this would only be worth 27p after the mengo drill. Does seem to be a lot of derampers out in force just weeks before our historic drill

[phoebusav] 20/8/2017 15:04

It was more the very positive tone about 102 that I liked. 'Unequivocally confirmed producible hydrocarbons.'

[butchdogg] 20/8/2017 14:40

yes, the COS are VERY good here, most risk is essentially technical risk.

if i may quote my research note..

'This is AAOG's exploration well;

*A trap is likely present (70% chance)
*The Djeno is present and effective in nearby wells (80% chance)
*Seal is likely un-breached (90% chance)
*Chance of oil rim 50%
*Chance of discovery 25%
Worth noting, most wildcat drills have less than 20% COS (5-14%)'

So even on the exploration well, a 25% COD is better than any wildcat.

[butchdogg] 20/8/2017 14:37

Phoeb 14:10

All info RE swabs etc was already known to market.

[phoebusav] 20/8/2017 14:32

You're way overstating that. COS figures are extremely useful and should be taken careful note of. They're based on a wide variety of painstaking and often highly expensive research including basin and play studies, well lithologies, gravity and magnetic studies and 2D and 3D seismic. The data is all analysed and compared with a huge body of similar information to provide a model for prediction risk factors for hydrocarbon charge, migration pathway, reservoir rock and trap. AEX's Ntorya-2 well this spring had a 60% COS and folks that maintained the appropriate exposure made a fortune. PVR declined to disclose the COS for Druid, but I estimated 15%. Those that sold for profit avoided huge losses on the subsequent duster. Totally ignoring a low COS can lead to huge losses, but totally ignoring a high COS can lead to a lot of missed easy money. The COS figures for TLP-103 are extremely good. There are few if any exploration and appraisal drills to beat it on the LSE at present.

[loveandmoney1] 20/8/2017 14:12

whatever it is it can effect sentiment to spud/drill but in reality means absolutely nothing.

CPR's and COS valuations are just promotional guff used to finance drilling and get stock sold.they are the carrot dangled in order to clear the placing stock that has financed the well.

[phoebusav] 20/8/2017 14:10

Mengo is 60% COS! See RNS

[phoebusav] 20/8/2017 14:10

I'd say the interview was very interesting as regards TLP-102. They stated that although the reperforation was unsuccessful at connecting the well bore to the reservoir, the logs, swabs and pulse neutron tests they did proved unequivocally the presence of producable hydrocarbons in R1 and R2. They will do the work to connnect the TLP-102 wellbore to these reserves when they have the rig. Sounds like 102 will be success and combined with a de-waxing of 101 we should se a chunky uplift in production.

[phoebusav] 20/8/2017 14:02

Mengo is NOT 50% you flipping moron. ;)