Anglo African Oil & Gas Share Discussion Threads

[ileeman] 25/5/2018 14:49

Assuming they drill on time.

Read previous RNS stating June drill, now they are stating mid July drill in the recent podcast. Deja vu, seems to be happening all over again.

And post raise, assuming it gets voted in, paying 9p now you are effectively paying 18p as market cap gets doubled and then some, amazing how many people miss this out...the people that took the raise dont mention this lol

[honestmarty] 25/5/2018 14:35

I see 15p being a hurdle as original investors who doubled up on the placing move into profit.

The drill will almost certainly identify hydrocarbons at R1 / R2, then Mengo.

You won't have flow figures at this point but I can see a mcap of 30 million, so 20p on these RNS releases.

Positive news on Djeno easily 30p or mcap of 50 million. But this is pure speculation and as a holder I am slightly delusional .

I genuinely believe we will easily hit 20p at some point during drill, well before any flow results, just on detection of hydrocarbons.

[aladin1033] 25/5/2018 14:20

marty but what is concerning is even if successful its never straightforward just look at 101 and 102 its been over a year of stimulating the well etc and still has not reached 250 bopd so even if we are a successful we might be waiting a long time etc also i all the nearby profucing fields from the djeno sands are offshore so we will be the first to drill which is massive risk, in your opinion what do you think the market cap will be on mengo success alone pre djeno results?

[honestmarty] 25/5/2018 14:13

Gokana is quite the colourful character.

I don't think he is here for 35 barrels a day, 180 barrels or even 700 barrels.

When in Rome give onto Caesar.

[aladin1033] 25/5/2018 12:57

Alot of people are predicting a MC of 30m. On mengo success surely it will be more than 30m thats what people were saying it will be on spud do you think we could hit a MC of 70m on mengo alone?

[zengas] 25/5/2018 11:53

I don't disagree with you bad gateway.

Another concern is if the licence is renewed as a completely new licence, as hoped for next year, will the terms be different for AAOG then - ie re getting whatever multiple back for their expenditure if successful? I haven't seemn them actually clearly mention what they get back other than recovering costs. In the original licence it mentioned up to 800% but could that be lost in the new licence terms or is it still relevant ?

I just fail to see why AOGC are not in now but will be after the risk is taken (if they still want in at that stage depending on the result. Worth googling Denis Gokana.

[bad gateway] 25/5/2018 11:43

Unfortunately ZENGAS imo it would seem none of that really matters. Most pi's appear to either believe they have to vote yes or the sky will fall in or simply don't care as they intend to just trade it from as close to the placing level as possible and enjoy the ride as 103 gets spudded which given this is aim after all is probs the best way to play it.

[zengas] 25/5/2018 11:29

A question re AOGC farm in.

I posted this back in March -

"From AEI. 20/3/18

In a buoyant press release posted early March, Anglo African Oil & Gas, partly controlled by French businessman Gerard Bourgoin, enthusiastically declared that Societe Nationale des Petroles du Congo (SNPC) had "recommended" that its producing block Tilapia be extended for a further 20 years. However, there are several grey areas to consider. The hydrocarbons code does not allow the Congolese State to renew a permit more than 12 months before the end of the contract. This means the minister will not be able to approve the extension until 2019, given that the current production period legally ends in 2020.

While AAOG aims to drill a well over the coming months, it will need to raise funds from investors convinced that the permit has been renewed. Again, this possibility cannot be confirmed until 2019.

With 2018 proving to be a year of uncertainly, as the promise of a renewal is only based on a recommendation from the SNPC, Bourgoin has been trying to protect his back. He has the support of his friend Denis Gokana, who previously chaired the SNPC. Gokana, who enjoys close ties with President Denis Sassou Nguesso, as does Bourgoin himself, reportedly assured the French entrepreneur that the permit will be renewed in 2019. According to our sources, it is not entirely impossible that Gokana's firm Africa Oil & Gas Corp will invest in Tilapia if the renewal is signed. "
=========================================================================

Fast forward to now and see in the fundraising RNS of last week

"A Congolese private company, AOGC, shall be entitled to a 25 per cent share of the net revenues generated pursuant to the New Licence. AOGC is a large private group in the Republic of the Congo and is partnered with Total and ENI on their new fields in the Republic of the Congo. The AOGC group has interests in all aspect of the energy industry and owns the AFric petrol station chain. The Company believes that AOGC is financially capable of meeting its share of future development costs".

SNPC shall be entitled to a 19 per cent share of the revenues generated pursuant to the New Licence."

So AOGC are farming in to the governments share. AAOG state they believe AOGC to be "financially capable".

The damming question is if AOGC are financially capable, why aren't they put on the licence NOW re the governments share and pay up rather than AAOG suffer such serious dilution. This is all at no risk to SNPC or AOGC and as we see from the AEI article in March - AOGCs owner Denis Gokana was previously a chairman of SNPC and is stated as a close friend of the Congolese president. Imo no wonder that Sister Co do not support the fundraise/dilution.

[honestmarty] 25/5/2018 11:25

IOM not channel islands, so may the thickest brown envelope emerge victorious.

Lots of interest here, bodes well.

[undervalued companies] 25/5/2018 11:15

Cough hope you understand for the last time it's channel island rules on votes so it will get passed whatever frog votes

[theblackbaron] 25/5/2018 10:59

Indeed i wish the Optiva scum where not in it but you cannot have everything you want

[ileeman] 24/5/2018 14:16

Definitely going to be one of the more interesting votes to watch, how many non placing holders actually back the raise....

[bad gateway] 23/5/2018 15:57

Mid july's disappointing imo, even from their RNS pre announcing the need for funding they were intimating June listing everything that had been done and claiming they had a rig already sorted just waiting to be mobilised.
Glad i voted no. Sure they'll win anyway but would be better if they didn't and had to cope with the 100% of revenues they're due from 101 and 102 whilst they get a better financing package together to offer owners of the co.

[sos100] 23/5/2018 15:40

not the best of podcasts imo..

[honestmarty] 23/5/2018 15:29

Vox update

So rig mobilization on 10th June, spudding mid July, logging as we drill, so expecting at least 2 positive up dates before the big one mid-September.
Unfortunately no mention of new assets.

[money4me] 23/5/2018 11:00

this is just a punt like many other exploration type companies. poorly run and poorly executed. the only thing that can give a small return is hitting oil. sell on the spike

[themadstork] 23/5/2018 10:14

Bad gateway: you do realise that the reason Sister are voting against the placing is that they want to take the company private? If it gets voted down it is basically game over for existing holders.

[euclid5] 22/5/2018 21:39

seems AEG require funding

987m shs in issue with a £40m market cap

"As part of the proposed agreement and subject to available funding, Active Energy will build an initial 25 tonnes per hour CoalSwitch™ plant at the site; this will produce the Company's unique biomass fuel pellet. Offtake agreements are in place subject to production starting"

[costax1654x] 22/5/2018 20:03

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[bad gateway] 22/5/2018 19:55

Thanks ZENGAS am just reading it now. Will print the form off with a big "No" on it as Finncap and their mates are getting these too cheap and post it off to I.G.
Let them earn the £800k they're charging us by convincing Miton and our other insti investors its worth 10p a share to save their investment here til then I'm with Sister.

[costax1654x] 22/5/2018 19:48

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[toolsmoker] 22/5/2018 19:32

Aladin I take it you have read the report which states 500 to 750 barrels in top two sections .the bottom section is where the 10 bagger is I agree but in sure this will be trading closer to 20p when the drill bit is turning

[aladin1033] 22/5/2018 17:48

I mean offshore

[aladin1033] 22/5/2018 17:40

Not good, the other companies that have been successful in djeno were all onshore wells this is the first offshore wellin djeno so now i know why its high risk and i doubt this will come good there i was dreaming of 80p if i took a risk but very very. Bery rarely do companies go up 10 times and hit oil its a small minority i dont see why this is sny different