Anglo African Oil & Gas Share Discussion Threads

[338] 20/9/2019 14:07

Tame impaler,

Exactly the licence has been given for 25 more years (not just one more year left)

[tameimpaler] 20/9/2019 13:53

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce the receipt of a letter from the Government of the Republic of the Congo signed by the Minister of Hydrocarbons, Monsieur Jean-Marc Thystere Tchicaya, formally offering a new licence (the 'New Licence') to Petro Kouiliou ("PK"), the Company's wholly owned subsidiary, over the producing Tilapia oil field ('Tilapia'). The Company and the Government will now work together to finalise the terms of a new Production Sharing Contract ('PSC') for the new Tilapia licence.


Importantly, the Company has been informed through the letter that the New Licence will have a 25-year period and that PK will retain its current 56% interest in Tilapia.

[tameimpaler] 20/9/2019 13:49

The license was awarded to the SNPC in 2006 and ratified, which took Prestoil KOUILOU as a partner and operator. The license was then transferred to PETRO KOUILOU (PK) in 2011 and then subsequently renewed for a period of 5 years in January 2015 (ending in July 2020).

[seagreen] 20/9/2019 10:20

338 I do not have sufficient information to make an educated and accurate comment, perhaps if you have the research and can clarify the cost required and the expected revenue then that could be a genuine positive that if it was material could prove a turning point.

There was some material clean up or stabilisation operation required at ground level from memory before any production was required? (I think I do not know)I also do not know what is required (equipment wise) to prepare side track operation. Being way to simplistic if you are talking about turning up and side tracking and just pumping from the Djeno and pumping it into the local infrastructure and collecting cash then the share price would surely reflect that. I think I saw you had implied no rig would be required (forgive me if I am wrong or misquoting you) but that baffled me as that would imply they had nearly hit the jackpot. In which case as SNPC are honouring their licence at 47% for another year and three quarters they need to maximise revenue now for short term gain and presumably SNPC would use their share of revenue to speed up the repayment of the debt and it would be happy days all round and they would be cashed up for the future.

If you have an accurate assessment then everyone would pile in now....even I would try and find funds from somewhere ....it would be fantastic to see some accurate and responsible analysis from the bulls.

I am not anti AAOG I was anti the previous management as to be polite some of his behaviour was a little warm....if its right its right what ever happened in the past..

Over to you there are many examples of previous oil stocks getting ahead of themselves with hype and then collapsing and then recovering eg Emerald Energy and maybe EME or maybe SDX in the future

[croxonopolis] 20/9/2019 09:47

Relentless selling on any rise.

Death spiral in effect. Nothing will stop it now without significant news. What a dog AAOG has been. So much for JB and previous successes. The drop from the 10's has been brutal.

[338] 20/9/2019 09:41

seagreen,

What is your view on side track drilling in November? Any possibility of delay and why?

[tameimpaler] 19/9/2019 22:35

he either really doesn't know what's going on, or has some childish vendetta, or perhaps both? Can't be trusted I know that.

[ddonaldson2] 19/9/2019 22:03

love how seagreen comes on here like he is some sort of Messiah, his "knowledge" didn't save him from PVR.. Surprised he hasn't changed his name to seared...

[338] 19/9/2019 12:17

SNPC will not keep paying contribution if prospective oil production evaporated

[petroleum1] 19/9/2019 09:54

Why would this company be dying when they can call schlumbereger and perforate the upper horizons for 500-800 bopd in 24 hrs time. But they are not doing it.

edit: wireline perforation and you do not need a rig to do that.

[tameimpaler] 19/9/2019 07:56

You really do have a hardon for this company Seagreen, despite your protestations.

At least dishonestmarty and chums are still your fwends and appreciate any misinformation you can provide.

[jammydodger1] 19/9/2019 07:48

Falling share price, reducing 12 monthly funding Payments, no rig, SNPC trying to significantly reduce percentage terms of renewal licence even though it owes them money. CEO can hardly agree as knock on effect to share price will destroy funding benchmark payments and no deal will cause death by a thousand cuts I doubt you will see any oil under this company as it will be financially bankrupt which as it is morally bankrupt would be appropriate

[338] 19/9/2019 07:25

Resign from this board like DS if you feel disappointed 😂...

No pressure to stay to give insight that makes you sad all day 😂

[honestmarty] 19/9/2019 07:15

Seagreen

I appreciate your valuable insight into this disgraceful company.

[338] 19/9/2019 07:13

seagreen,

Can you find a life on other planet... Congo doesn't seem good for your health 😂

[apfindley] 19/9/2019 06:59

Your famous death by a thousand cuts quote gives us your identity now.No hiding anymore whingingfroth.

[seagreen] 19/9/2019 06:50

Falling share price, reducing 12 monthly funding Payments, no rig, SNPC trying to significantly reduce percentage terms of renewal licence even though it owes them money. CEO can hardly agree as knock on effect to share price will destroy funding benchmark payments and no deal will cause death by a thousand cuts I doubt you will see any oil under this company as it will be financially bankrupt which as it is morally bankrupt would be appropriate

[338] 19/9/2019 06:13

Oil production of 5000 b/d is massive for Republic of the Congo economy... Only foolish people who want to see this business fail 😂

[dodge_city] 18/9/2019 17:55

They haven't got a rig yet, so that remains at least 1 massive problem.

[petroleum1] 18/9/2019 17:52

The side trac completion should not take too long once the rig is in place. May be few days and the well can be diverted to flow to existing facilities nearby. Remember SNPC has a stake here and they still owe AAOG $5 million. I see no problem.

[matunde24] 18/9/2019 17:44

Anyways. I will ask again.. Feel free to state what u think is very special and why u think this still has a chance...