Anglo African Oil & Gas Share Discussion Threads

[apache_dropout] 23/10/2019 06:53

Going down.

[supercity] 23/10/2019 05:54

338I really don't know where to start.-Therefore, 5,000 is a reasonable if not lower end target. I am confident that the higher end output will be over 10,000 bpd achieved in less than 12 months from the first day of successful delivery of 1,000 bpd in Dec 2019-Neighboring fields that have been in production for over 5 years produce 5,000 bpd max (hence the use of 5,000) and this is an off shore drill, talk of 10,000 is pure fairytale.How will they increase to 1,000 within six weeks when they haven't even got the rigs set up yet.They currently produce 38bpd (that is not a typo) and have done for a few years as the flow rates are so poor.

[aaogplc] 22/10/2019 21:17

What's the point of all this speculation if they do not have a new licence?

[frost1] 22/10/2019 15:27

Great song dodge.

[338] 22/10/2019 14:46

supercity - 4.5 millions barrel target must have been calculated to include gradual increase from 0 to over 5,000 bpd

Therefore, 5,000 is a reasonable if not lower end target. I am confident that the higher end output will be over 10,000 bpd achieved in less than 12 months from the first day of successful delivery of 1,000 bpd in Dec 2019

[supercity] 22/10/2019 13:59

Frost - they still haven't proved they can get the oil out in commercial quantities yet hence the side track drilling338- I don't think it's as easy as saying yep we can go from zero to 5,000 bpd just like that - imagine the infrastructure that is required, it will take a long time to get to 4.5m barrels if the oil can be recovered, if they can get the infrastructure in place, if, if, if.Certainly a lot longer than your two year estimate.The biggie here is whether the side track proves successful and then it it is what will be the the flow rate - if neither are successful it's good night and if they are successful it's all about doing the sums before making a decision on whether they are a worthy investment.

[apfindley] 22/10/2019 13:37

Wow dodge. Youve actually made all that up yourself. The rns doesn't state any of what you've implied. Oh dear naughty boy dodgy dodge

[338] 22/10/2019 13:13

I think AAOG is confident to produce more than 5,000 per day to meet the target of less than 4.5 millions barrel in three years.

Also, US$25m should be repaid in less than 2 years

[frost1] 22/10/2019 12:54

Super they will get the money when they start producing which will be early 2020.

[supercity] 22/10/2019 12:35

And still no mention of the 109,000,000 shares that should have started to be sold in the open market from September

[supercity] 22/10/2019 12:33

This financing would allow the Company to draw on the funds in advance as a prepayment for barrels to be lifted in the future.The Term Sheet envisages that AAOG will deliver a minimum of 4.5 million barrels of Djeno crude oil to the Offtaker at a price to be agreed. In return, the Offtaker will provide a facility of up to US$25 million to AAOG as advance payment for such oil.So if they produced 5,000 per day (try not to scoff) it will take 3 years or more at a price to be agreed (favorable?) before they even get to a starting point.Hmmmmm

[apfindley] 22/10/2019 12:28

Do you even understand investing and trading, nevermind the oil sector, geology or petrology. You got a lot to learn mick the mouth.

[dodge_city] 22/10/2019 12:08

Is it just me or is it getting crazier out there.

[edgar222] 22/10/2019 12:00

Excellent bit of business today....this share is going places, all of them up....

[edgar222] 22/10/2019 12:00

Excellent bit of business today....this share is going places, all of them up....

[purple11] 22/10/2019 11:37

pffff………..

[philjeans] 22/10/2019 11:35

and the shorters…̷0;…..

turning up nicely.

Miles to go here now.

[purple11] 22/10/2019 11:19

this will quickly fade out.be wary of listening to the loons and rampers.

[philjeans] 22/10/2019 11:17

Excellent news!

A big problem solved!

[ianio5691] 22/10/2019 11:12

Back to 10p in quick order...?