Anglo African Oil & Gas Share Discussion Threads

[escapetohome] 04/10/2019 08:09

How come they managed to raise millions of finance?

[supercity] 04/10/2019 07:53

The upper horizons are not economically viable, it's all about TLP-103c and whether they can produce which to date is still not proven.From the finals.Would be pointless when they have already stated 400 bpd is about as good as it will get and this would then be loss making.TLP-101 and TLP-102Although we believe that we will be able to produce from these wells for a considerable time into the future, we are now concentrating on TLP-103C (and potentially further wells). The existing production from TLP-101 is not of itself economically viable, and we have therefore fully impaired the value of the oil & gas assets in these financial statements.

[matunde24] 04/10/2019 07:48

Hes another tampon... 338...team...trollers!

[escapetohome] 04/10/2019 07:39

Im back in!

[phurley] 04/10/2019 07:06

Received an email from Sarah. She says the BOD have worked on past mistakes, are close to securing a rig and that the share price will take care of itself with a successful drill result. Lets see what happens.

[cpap man] 03/10/2019 18:51

KAV



SP Angel . Morning View .


Kavango Resources (KAV LN) 2.0p, Mkt Cap £3.1m – Kavango selects new targets for 1,000m drill campaign

Kavango Resources has signed a contract mobilising a number of drill rigs to test targets in Botswana.

The drill program is for three vertical holes covering 1,000m on the Kalahari Suture Zone ‘KSZ’

The team plan to intersect conductor targets at depths of between 200m and 400m.

To save time and cost, the holes will be pre-collared to approximately 150m with reverse circulation drilling followed by diamond core drilling for better information on the geology below this point.

Management are hoping to find mineralisation in a 10km x 6km magnetic anomaly, which is interpreted as a potential magma chamber.

The other two targets relate to significant linear magnetic and conductive structures.
Water will be trucked in from a local town.

Conclusion: Botswana hides many interesting mineral discoveries under a significant depth of Kalahari desert sand.

Kavango hopes the use of modern remote sensing techniques will help it pinpoint mineralisation in anomalies of significant scale under the sand.

While drilling these targets feels a bit like wildcatting in the oil industry investors can rest assured that target generation is supported by a thorough analysis of the latest data.

[338] 03/10/2019 18:31

and... SNPC keep paying their contribution to drilling cost, which is positive sign

[petroleum1] 03/10/2019 18:23

The company can easily produce over 500 bopd tomorrow by calling schlumberger and perforate the upper horizons and flow the well to existing facilities. But they are not doing that. They want to produce Djeno at 5000 bopd. The logs showed that the Djeno petrophysical properties are good and can sustain good flowrate similar to that of the neighbouring areas. Oil seepage past cement plug showed its Djeno oil. So you have an oil reservoir there. How many AIM oil minnows have oil reservoir like that for
Mk Cap of £10m. Also the company has recently announced they have started preparation for re-entry. Why would they lie? It would be in every body's interest to get this well to flow and develop the field after that. Some derampers cast doubt on licence not given and oil rig not found without providing any evidence for their claim. Why wouldn't SNPC be happy when they can get 46% of the field for doing nothing.

Edit
And also some derampers link DS departure to the company going under. That CEO had problems with money squandered every where including ATOG.

[338] 03/10/2019 17:56

3 😂😂😂
3 😁😁😁
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Don't worry about the share price .. just wait for the start of drilling to reach Djeno
💷💷💷
💷💷💷
💷💷💷💷8183;💷ԁ83;💷

[dodge_city] 03/10/2019 16:00

You've been told a pack of lies, the company has no money to drill anywhere, amd you can certainly forget about any drilling being started in November.

[mesk1234] 03/10/2019 15:17

? look at the state of this company. 2.65 looks like the "derampers" are the only one that are actually telling the truth right about now. Deluded share holders cant admit they have lost all there cash.

[dodge_city] 03/10/2019 15:15

Why should the selling games cease?

This company looks over valued compared to others.

[apfindley] 03/10/2019 13:47

The only thing proven correct by the derampers is the inevitable share price fall on lack of news and downward pressure from organised selling in a thin orderbook.The price itself has no correlation to the assets the company has, any success from those, or the way the company is being run.The downward pressure is really playing out as a self-fulfilling prophecy, noticable in nothing more that the current shareprice. Once the little selling games cease, the price will rise rapidly on any good news.The oil field is there and likely tens of millions of barrels (although you cant admit that until you buy in an any placing you're hoping for), you cant dispute that theres oil, no matter how you attack the company or the officers.

[seagreen] 03/10/2019 13:19

"The pot calling the kettle black" now but if it protects other innocent investors from your ramping that is good it will all come out in the end

[tameimpaler] 03/10/2019 12:22

Whatever Seagreen - I'll have to leave you to play out your fantasy courtroom battle on your own....hope you don't mind but you've worn me out today with your incessant dross.

[swindon41] 03/10/2019 11:36

an ex-investor who bailed out weeksw ago, so take it with a pinch of salt, but as someone with 30 years experience writing annual reports and BOD update, jeesus is that 6 month update crass or what? no honest admission of shareholders getting well and truly shafted by mistakes of DS, his poor decision-making, misleading the market, appalling dilution & pain of shareholders, Tunisia....it was a golden opportunity, missed, for new Chair to apologise, show why it cant happen again and wipe the slate clean. Fresh start? you must be joking. i did think i might re-enter , now at well below half the share price that I sold out at, but no way. i just wouldn't trust them.

GLA to those that still have faith and i wish you well, the oil may well be down there but far better opportunties elsewhere imho.

[seagreen] 03/10/2019 11:14

Case proven my Lords he can not respond to post 3744 he merely mocks anyone who disagrees with him.

seagreen3 Oct '19 - 10:24 - 3744 of 3745 Edit
0 0 0
Name one post that has truthfully been knowledgeable or accurate that you and your pal APFindley have posted even a half truth?

Even Ian has seen the light and left.

[seagreen] 03/10/2019 09:24

Name one post that has truthfully been knowledgeable or accurate that you and your pal APFindley have posted even a half truth?Even Ian has seen the light and left.

[seagreen] 03/10/2019 09:22

I did feel sorry for you, now I will laugh if this gets delisted and goes to zero.