Anglo African Oil & Gas Share Discussion Threads

[338] 13/9/2019 06:28

This is very good news... We need new chairman who's got experience in running sustainable high quality crude oil at rate of 5,000+ b/d... also understand how to maximise returns to shareholders such as dividend, enlarging scope of business, etc.

DS can't even choose a right rig operator 😂

[apfindley] 13/9/2019 06:24

Now they can fall silent and let this company continue.

[bad gateway] 13/9/2019 06:08

Talk about giving the bears what they want. About the most positive RNS these could put out on a Friday.

[dodge_city] 12/9/2019 20:15

A word of advice to everyone - don't walk down the Edgware Road in London, it's extremely dangerous.

[matunde24] 12/9/2019 19:34

You shot yourself in the foot. You agreed with seagreen... And so do i... This is a CON... Mate time for changing... You know what i mean

[matunde24] 12/9/2019 19:31

Tampon still you havnt answered... What knowledge do you have that you actually think the share price will change. I am still firm.... Nothing! Youre blind mate. Go and meet sefton. He will treat you to a happy meal. And guess what. Apple pie on me! Its going to do a placing and 3p on the way.

[tameimpaler] 12/9/2019 18:03

Now, now Seagreen - you were doing so well. I'm sure you do have knowledge/experience which could be useful to others but please refrain from turning this board into a circus by encouraging scammers like acuransx, Dodge City, Dishonest Marty, Matunde, Apache dropout etc.

[seagreen] 12/9/2019 16:36

APFindlay seems to be counter market intuitive just do the opposite....

[acuransx] 12/9/2019 15:09

I agree...as said before no significant movement of share price Until...DS goes...my prediction at least 6 months from.now till it even reaches 10p

[seagreen] 12/9/2019 14:47

No sign of licence ....runs out in 9 months...so no one other than an idiot would commit to a rig until it arrives ....until the licence is delivered this company is a con ...it has been two whole years in the waiting ....

[apfindley] 12/9/2019 10:54

"Are the rig operators properly trained"Wow. You really are out of touch with any form of industry.I'd say they're a damn sight more competent and trained than you are. They would not even be employed if their training or safety ethos was not upto scratch.They've had more training for their jobs than you've had for yours (if you're even employed) and they probably earn more than you too.(Of course you'll dismiss this because you'll claim you work for yourself and make xx million per annum)

[338] 12/9/2019 10:33

Looking at the company as a whole, as a potential stock investment, I believe AAOG has a lot to offer. Basically, it is a company with impressive financial health as well as a buoyant growth outlook. Below, I've touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Anglo African Oil & Gas here.


Flawless balance sheet with exceptional growth potential
One reason why investors may be attracted to AAOG is its explosive triple-digit earnings growth potential in the near future. The optimistic bottom-line growth is supported by a similarly outstanding revenue growth over the same time period, which indicates that earnings is driven by top-line activity rather than purely unsustainable cost-reduction initiatives. AAOG's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This implies that AAOG manages its cash and cost levels well, which is an important determinant of the company’s health. AAOG currently has no debt on its balance sheet. This implies that the company is running its operations purely on off equity funding. which is typically normal for a small-cap company. AAOG has plenty of financial flexibility, without debt obligations to meet in the short term, as well as the headroom to raise debt should it need to in the future.

[338] 12/9/2019 10:14

We will know soon as currently being in discussion with 2 potential operators... Funding has never been an issue so far... 👍

[338] 12/9/2019 09:47

The next news will be ⛲

[matunde24] 12/9/2019 09:42

Old news... Nothing recieved for ages. Dead stock

[338] 12/9/2019 09:33

These options are exercisable at 20p...demonstrating good confidence from management that AAOG will go above that value 👍



Management Share Incentive Scheme

Anglo African Oil & Gas plc, an independent oil and gas developer, announces that it has today awarded a total of 4,000,000 options ("Options") over ordinary shares of GBP0.05 each in the Company ("Ordinary Shares") to two senior managers of the Company. Under the Management Share Incentive Scheme, the Options will generally not vest until daily total oil production at the Company's 56 per cent-owned Tilapia oilfield in the Republic of the Congo reaches certain production milestones measured over a consecutive 30-day period: one-third vests at 1,000 bopd; one-third at 2,500 bopd; one-third at 5,000 bopd.

All the Options have an exercise price of 20 pence per Ordinary Share, which represents a premium of 142 per cent to the closing price of AAOG's Ordinary Shares on 16 November 2018.

[petroleum1] 12/9/2019 09:17

I think that 338 write up is informative and good. Compare AAOG to I3E and RRE.
I3E drilled a well to find if the reservoir extend to the drilled location. It didn't
and the share price is halved. It is still a gamble from here onward.

RRE is touted as a great share to buy but the reservoir contain heavy crude oil which is difficult to extract and you do not know when water injection breakthrough will take place and cause the well to be shut in. I bet Marathon is very glad to exit responsibility. I believe BP spent billion of £ trying to revamp Claire with little success.

I also think that AAOG management took risk with Tunisia and failed partly to please SNPC.

[338] 12/9/2019 09:13

actual target of production is 5000 b/d... 👍

[338] 12/9/2019 09:11

very little chance to pay under 16p when production of 1000 b/d is confirmed


AAOG has no debt... 👍

[apfindley] 12/9/2019 09:11

They have been successful. The well is flowing oil.The original target for production was actually the mengo+R. The drilling into the djeno was just to "test" at this location.The results of that test proved that the djeno is pressured and holds good oil at this location, so they decide to produce that instead by a reentry and sidetrack.Everything else is a series of unfortunate bad luck, poor rig, and bad management decisions in dealing with problems. Apart from that, the oil IS there and it WILL flow. So chill out.