Anglo African Oil & Gas Share Discussion Threads

[ileeman] 09/6/2018 17:02

Worth keeping an eye on the rig SMP 102, still currently in use.

hxxp://www.smp-drilling.com/rigs.html

[bobby1904] 08/6/2018 15:39

41p is the brokers RISKED NAV share price for the company TODAY (page19 of report). Their UNRISKED valuation is 106p. BUT both of these valuations are using what they call Best case scenarios rather than High case. The High case unrisked figure is 241p!They state as follows "with the stock currently trading at 9.6p the market is ascribing little value to the Mengo or Djeno horizons that will be drilled with TLP-103". This is why imo the market is missing a trick here. My view is that historic emotion from longer term disgruntled shareholders is holding them back from averaging down. But I think they will end up with huge regrets on that imo!! They ought to see 20p+ before spud of TLP-103.

[neo26] 08/6/2018 13:26

if you read past interviews they stated they will use fish bone technique this has worked wonders in Indonesia.

[aladin1033] 08/6/2018 13:15

Neo i will read it . I do agree mengo will strike but i doubt it will be straightforward and flow 500 or 700 bops straightaway it could take time to stimulate etc and this will result in a drop just look at 101 and 102 a year on and they are still stimulating

[neo26] 08/6/2018 13:14

r1/r2 worth 6p a share
mengo worth 18p-45p a share
djeno risk valuation 16-39p and unrisked 69p-159p

[neo26] 08/6/2018 13:04

The r1/r2 and mengo are almost certain to strike oil, these alone cane justify 50p plus.Djeno is the company maker..Buying sub 10p is bargain.

[neo26] 08/6/2018 13:00

AladinRead the broker note, paris has just uploaded it.

[parisv] 08/6/2018 12:30

broker note here:

[aladin1033] 08/6/2018 11:35

I'm guessing there will be some news on monday hence the conference call, licence? Update on two wells. Don't think Sefton will put himself in the firing line withour news . I'm pretty sure we will get an rns on Monday

[aladin1033] 08/6/2018 11:28

Neo where does it say 41p target pre spud thats a MC of 65m pre results it seems a bit high pre results no?

[neo26] 08/6/2018 11:03

Risked figure is 41p a share, this is what the target should be prior spud.Monday there is a conference call be interesting what they say.Imho

[honestmarty] 08/6/2018 10:41

Faint trace of blood in the water, sharks beginning to circle , drawing in more of their kind, not long now until the feeding frenzy begins.
It will be glorious.

[aladin1033] 08/6/2018 10:36

These targets mean nothing on AIM if sentiment is good this could hit 25p even before any oil is found. Sentiment is a big thing on AIM . We need an update on the two existing wells pre drill

[bobby1904] 08/6/2018 10:21

241p is their unrisked figure for 'High' resource case. 106p for base case. But let's be clear their 'Risked' figure for base case is 41p!! In other words today's valuation factoring in risk & on 'base' case is 4 x higher than current sp!! This should be flying - only a matter of time imo!!

[aladin1033] 08/6/2018 09:24

Ammu i believe unrisked= 2 pounds according to tweets on twitter don't quote me on that

[ammu12] 08/6/2018 09:20

What's the unrisked value?

[bobby1904] 08/6/2018 09:11

FinnCap broker note out. "Risked NAV-based share price target 41p. Upside potential in the success case for the Mengo & Djeno reservoirs could be MAJOR". Guess we are close to finding out as drill of TLP-103 is this summer (ie pretty soon!). This should see 20p in the not distant future imo!

[toolsmoker] 07/6/2018 17:23

10p breach tomorrow

[oilandgas1] 07/6/2018 07:33

Right finally ..only a year late .. rig due on site in the next few days and then we will see TLP-103 Spud in jul18 , Djeno is the big one , with Mengo to follow!

[ayesha4] 07/6/2018 07:10

Milton have more shares than previously but obviously percentage holding reduced due to dilution - despite their buying.

[ileeman] 06/6/2018 22:33

I wont be buying but I agree volume should pick up as drill draws closer.

[neo26] 06/6/2018 19:45

LeemanI am not kidding myself, retail will sell, but as we get closer to spud more interest comes. Good luck getting 8p i dont think it will go that low. More likely seeing 12p than 8p in short term.

[ileeman] 06/6/2018 19:32

@Neo

I agree think 15p-20p is possible if placing shares can get pushed out the way. Think you are just kidding yourself if you think most retail are not looking to flip for small gains.

Anyway good luck.

[pinkfoot1] 06/6/2018 19:18

I think the placing qualifies for EIS-that will make the stock a tad stickier

[ammu12] 06/6/2018 18:45

Most placings will have overhang to clear. Tell us something we don't know