Share Name Share Symbol Market Type Share ISIN Share Description
Anglo African Oil & Gas Plc LSE:AAOG London Ordinary Share GB00BD0Q3L08 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.15 3.80% 4.10 5,857,140 16:27:09
Bid Price Offer Price High Price Low Price Open Price
4.00 4.20 4.10 3.80 3.95
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.13 -11.69 -9.26 10.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:12:27 O 50,000 4.10 GBX

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Date Time Title Posts
16/7/201916:29Anglo African Oil and Gas - Djeno Unchained......3,669
05/7/201908:45AAOG - The share of 2019 ?15
26/2/201915:06Anglo African Oil and Gas Plc (AAOG)3,301
06/1/201919:27Anglo Affrician1
25/11/201820:43ANGLO AFRICAN812

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Anglo African Oil & Gas Daily Update: Anglo African Oil & Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AAOG. The last closing price for Anglo African Oil & Gas was 3.95p.
Anglo African Oil & Gas Plc has a 4 week average price of 3.80p and a 12 week average price of 3.80p.
The 1 year high share price is 19p while the 1 year low share price is currently 3.80p.
There are currently 237,929,038 shares in issue and the average daily traded volume is 2,564,874 shares. The market capitalisation of Anglo African Oil & Gas Plc is £9,755,090.56.
dodge_city: Consolidation imminent in order to get the share price above 5p. Probably a 10 to 1 consolidation to get the price up to around 40p. This will enable them to draw down from YA whenever they feel like it so you can then expect further collapse to the share price to around 2p at pre consolidation price.
zengas: After IPO and after all share issues etc for acquiring the Tilapia field, the shares in issue have increased from 69.5m to roughly 400m now post funding. The onus now is to prove how much actual P2 there is ie whether it's less, in line or more than the the CPR at the time of listing and how that warrants any future valuation based on 400m shares when previously 69.5m on the P2. Likewise they need to have sufficient P2 in the Djeno where they hope to produce 5k bopd - ie how long will it will produce for in terms of lifespan ? and again spread over the greater number of shares in issue for any proposed dividends. The lowly price share price reflects the risk on how much P2, potential lifespan there might be and why a CPR now would have been helpful but why they haven't got enough info to back it up. If for some reasons the debacles continue and they can't produce enough oil then a further funding would erode the company valuation further in terms of m/cap against reserves/production potential. In that scenario I can see how a new asset being introduced if it is producing, would be best or not in AAOG with way too many shares in issue. If however it is in ATOG it is completely free of being lumbered with too many shares in issue (compared to being in AAOG) as to delivering growth. Imo that's not the point and as AAOG shareholder funds were used for the asset, then the asset should be secured for AAOG to help rebuild shareholder value here even if the resultant greater growth is less with it being in AAOG compared to ATOG. Like I said previously - if you have two companies you have 2 salary and bonus packages where if it's just one company you have one salary/bonus package. If a good producing asset can get off to the races in ATOG unhindered by too much existing dilution rather than in AAOG with 400m existing shares, that's where the bigger value is. If AAOG were to balls up again at Tilapia it would drag down and hinder the potential of such an asset so I can see why it would be better in ATOG but to me it's all a huge conflict of interest and when the asset was pursued at cost to AAOG it should go to AAOG full stop. AAOG could stagnate if these well results are more of the same or at worse the company could fail. But if a producing asset were added rather than being put in ATOG then it's survival would be better and it could continue on a growth pad with the new asset (of course not to its better potential unhindered in ATOG).
kibes: The Term Sheet doesn't read too well to me. Shares will be issued at 5.2p to the investor. However, the money raised will then be given straight back to the investor. It will then be returned to AAOG on a monthly basis, but if the share price has dropped, AAOG will receive less money. So of course the investor will short the shares so they have to hand over less money to AAOG. Is this a self inflicted death spiral? It looks like it to me.
seagreen: Speculator 30 I have never argued that the geology is highly exciting and it is in a hugely exciting area. Indeed I have been long twice or even three times and suffered personal loss as I still believe in the geology. (For the record I do not short and have no facility to spread bet etc and find it abhorrent. Although others disagree. It is well documented over the years of posting I hate and despise shorters of illiquid stocks particularly when there are gangs that operate in this way.) As with all O&E plays it is whether the operator can get commercial quantities out of the ground and to market in a commercial profitable quantity. This requires excellent management and knowledge of the sector and the area. It also requires management to raise money from time to time to progress an O&E exploration. Part of management's skill is to gain market confidence through expert opinion and a market expert produced CPR report. (Even excellent management can get it wrong it is not an exact science). Should management over exaggerate their progress to the market (even by over excitement/misunderstanding/lack of experience etc)this will make each further fund raise more difficult and more expensive in the long run as trust is (either rightly or wrongly) eroded and the share price falls. Looking back through the announcements I note they came to market raising £10.6m (half to buy a tad over 50% of asset). Subsequently they have raised £7.4m had a convertible of £5m and a further raise of £6m. The prospectus clearly set out the focus was on the nearer targets From RNS 6th March 2017 Highlights -- Tilapia is a producing field with near-term development and exploration potential: o Current production of 38 bopd from one near surface interval; o Undeveloped discovery in the lower Mengo sands with gross contingent resources of 8.1m barrels o Deeper exploration prospect with gross prospective resources of 58.4m barrels in the productive Djeno interval from which the adjacent Minsala field produces -- Development/workover programme to commence in March 2017 with the following initiatives to be conducted over just 12 months: o Workover of two existing wells intended to rapidly increase production to c. 185 - 250 bopd which would see AAOG achieve operating breakeven at $48 o A new multi-horizon well, targeting production from the R1, R2 sands and the Mengo discovery, which is expected to see production increase to 750 bopd - the well will also test the Djeno sands, which if successful would be transformational for AAOG o A fourth well in H2 2017 targeting Djeno could see net daily production increase to around 5,300 bopd -- Excluding Djeno, AAOG would still be highly profitable producing around 750 bopd from the R1, R2 and Mengo -- Tilapia is located close to multiple 1 billion barrel fields including the ENI operated Litchendjili field; and the 5,000 bopd Minsala Marine field -- Management's remuneration aligned with the success of the drilling programme: o An option package is in place based on ambitious production targets measured over a consecutive 30 day period: one third at 1,000 bopd; one third at 2,500 bopd; one third at 5,000 bopd o 75% of accrued executive pay totalling GBP120,000 has been deferred against increased production: 25% to be paid on Admission with the remaining 75% to be paid in three equal tranches contingent on production increasing to 250 bopd; 500 bopd; 750 bopd. Not only have they failed to produce from the nearer targets in the expected quantity the board have totally ignored their statement that they would defer executive pay as the production has not increased as promised see above. In the last drill whilst they did say they would go and have an initial pop at Djeno as part of their earlier drilling priorities, as they have failed to produce from the easier targets some would say the initial drilling of Djeno or the level of data collection around the Djeno was arguably not sufficient (or maybe never would have been) to ever produce a CPR report to convince the market and stabilise the share price for future fund raises. So one could argue that this was an act of desperation or to be fair the only option left to the board to regain confidence of the market. Or an error of judgement thinking the work they did would enable SL Energy to increase the reserves in a new CPR. SL Energy clearly have refused to comply with the board's desire due to lack of sufficient data to enable them to do so prudently. This has had a negative impact on the share price which was already under pressure due to what some would argue was at least two false promises or best over exaggeration of progress. Clearly they have had problems collecting money they were owed and certain companies as previously expressed are owed money or will not carry out further work without being paid. This wont be the first or last potentially exciting exploration in resources that "could" run out of money or have to dilute the share price to such an extent that what was a very exciting play with huge upsides to be less exciting or indeed run out of funds. I am always open to persuasion that the issues to date are finally resolved, but in the absence of sufficient wealth being generated from the "easier" targets to make the project self funding or partially self funding the company has turned this asset into a one off well drill that requires funding. In other words it has effectively become a raise of new funds for a wild cat strike. If it works they will be heroes if it does not everyone loses their money. What I find difficult to stomach is unbalanced be they positive or negative bloggers who seem to be immature and deluded in their beliefs. I have seen AP Findlay being equally voracious on other threads when he has exited and deramping a share unjustifiably as well as being hugely biased with inane comments when he is long. As opposed to being balanced and honest. These threads were initially started up for honest comment and collection of market rumours be they positive or negative by people who understood which ever industry they related to. With additional comment from people who understand NAV and cash flow concerns. The idea being that they would help retail investors who have less access to knowledge to make sensible investment decisions. Due to the lack of policing of the boards, which may change with the focus on regulatory reviews of social media but it would cost a fortune and be exceedingly difficult to maintain. However, I believe the quality of the posting has dropped to a very poor level with the exception of a few very good and knowledgeable posters. This has resulted in many private groups in starting their own independent group threads. The one I read has both positive and negative comments but is private and you get the feeling if someone is rude about a share they are just trying to protect their fellow investors and not trying to make a quick or even illegal buck. I shall shut up now but I hope that this is a balanced view on this situation, but for now I am not prepared to reinvest until the management is changed or some clarity returns to AAOG. It does not help they are paying themselves enormous salaries, without delivering results, are looking at other projects and have been disingenuous with some of their statements to the market place (in my opinion). I have lost trust and would dearly like to see the board and the Nomad (who should take their share of the blame)changed.
seagreen: From the totally deluded one who thinks he knows more than all the market apfindley15 Jun '19 - 16:10 - 3230 of 3244 0 2 0 Derampers should see todays price as a good entry point. Fair play you're paying 7.5 instead of 11.5 a couple months ago. But this isn't a tin pot company targeting 1mmbbls oil or 1mmcf of gas. We're looking at good flow rates and under a full field development the cumulative rates are going to be substantial. Theres plenty more to come. Enjoy being a part of it. PLEASE ADVISE GOOD FLOW RATES SO WE CAN COMPLETE THE CPR OH EXPERT apfindley16 Jun '19 - 14:15 - 3233 of 3244 0 0 0 I think there will be, for a FIELD DEVELOPMENT. But for that we'd already be laughing so not a problem. there wont be one merely for getting this 103 into production. Too many people talking at cross purposes. YOUR FACTS ARE SO WIDE OF THE MARK WOULD PROBABLY SAVE YOU MONEY IF YOU STOPPED THINKING AND LISTENING TO KNOWLEDGEABLE PEOPLE apfindley17 Jun '19 - 09:23 - 3240 of 3244 0 3 1 Unfortunately we have a self proclaimed expert oilman "blogger" who pretends to be in the know. He writes blogs that are either positive or negative depending if he's invested in a company or not. At present he's accumulating aaog so is driving the price down. At some point he will change his position . That's the way it works with these parasites. And the gullible will always read the blogs which have zero value or credibility, and make senseless trading decisions after reading. The lower it dtops, the better the opportunity. YOU ARE DELUDED PERHAPS SOME PEOPLE WRITE GENUINE FACTS TO SAVE IDIOTS LOSING THEIR FAMILY MONEY ZENGAS16 Jun '19 - 15:01 - 3234 of 3244 0 2 0 The CPR in the adm doc pre drill for the Djeno was - Low case 10km2 area and 50m payzone = 6 mmbo gross/2.9 mmbo net. Mid case 20km2 area and 78m payzone = 15.9 mmbo gross/7.6 mmbo net. High case 40km2 area and 110m payzone = 42.3 mmbo gross/20.1 mmbo net. They have not taken any coring samples (side wall or conventional). Neither were any fluid samples collected. The report last Friday says much further work is needed and why CPR numbers are absent. Schlumbergers was 10m net pay over a 14m interval while Nutech was 14m net pay over a 14m interval. You have to ask how that compares to the original pre drill CPR and my suggestion is the poor share price and future dilution reflects the above outcome compared to the pre drill CPR. I questioned at the time that AAOG how many mts of a gross/net pay oil column they actually have other than the main interval of 12mts gross which AAOG RNS'd on 29th January 2019. Other smaller intervals may be too thin to produce from. IF YOU WANNA TRUST SOMEONE WHO WRITES SENSE AND NO I AM SURE HE DOES NOT GET EVERYTHING WRITE BUT ZENGAS KNOWS A HELL OF A LOT ON THE SUBJECT OF O&G
bluchina: Seagreen on matter of Exec comp, there’s larger question. Can someone share the buzz around DS and JB incorporating Anglo Tunisian Oil & Gas on 22 March 2019 with chairman and CEO jobs? Californiajoe put this out on their blog and Twitter sites in March and Then was reported by AfricanIntelligence,108352762-art but missed the AAOG share chat. Does anyone understand connection to AAOG? Records say that ATOG entered into a share sale and purchase agreement on 23 April 2019 with an Indonesian company to buy its Tunisian oil and gas business. Drilling deeper it appears someone paid a non-refundable deposit against purchase price of Tunisian reserves way back in November for an exclusive. Which pocket might have funded that payment? Maybe clues in Companies House registration linking non-exec board members to Mayfair alternatives investment firm Alpha Blue Ocean. Is ABO fronting the transaction capital? Interesting that ABO announced 07 Mar 2019 exercise of conversion rights for bonds totalling £60,000 in stem cells group Widecells PLC (LON:WDC), which is only news in light of WDC appointing DS as executive chairman with option to acquire up to 29.9% (25 Feb 2019). So what’s the message here for the AAOG sharereholders?
sep800: SHOCKING OIL TREND Here in the US and confirmed oil prices will continue to fall well below 2015 prices. Bloomberg have stated oil will continue into the first qrt 2019 in crisis and expect many more E & P companies to go bust. They have mention there are too many E & P's that can not afford to exist other than public means of support ie. AIM to continue funding. If Oil continues to fall ( $45 at present ) and the markets are hedging Oil prices to be further lower than previously ( $28 ) Then we will see further pressure in AIM companies not getting funding at all. A Must watch to all those investing in OIL. Watch BloomBerg- Topic Oil Crisis ( 29th Dec 2018 ) Why is this significant here. Well we know when AAOG entered the AIM markets, Oil was rising and had peaked and the last 3 months, Oil has been drifting down, and will continue to dive down due to the enormous hedging forcing prices to continue to fall. From $85 down to $45 in 3 months. Alarming We know AAOG tried to raise funds last month via CLN's and failed due to the Broker shorting the share price. With only £750K raised instead of £5M of the potential amounted required by AAOG over a given period. Then this will leave AAOG to raise via placing. They don't have a choice. We see the share price from 6p - 10p and this will be the opportunity for a funding of a sort. The question here is at what price ? With this given market conditions and markets are flooded with excess Oil then be very hard for a placing without a reduction in value to the current share price Reading the RN's carefully again repeatedly it confirms future funding. But delay in the flow rates and continued falling Oil prices doesn't bode well with AAOG. They have had some much time to get the drilling complete 12 months ago and have failed in every department other than continue to raise funds of which no doubt will happen again very soon. Can AAOG survive a falling Oil trend with limited resources. Bloomberg are suggesting even some of the big giants with suffer and even go bankrupt without private support. At what stage will private individuals continue to back a company without confirmed flow rates. Why is AAOG delaying these flow rates and not continue with the full depth of the drill ? ( RNS 27th Dec 2018 states a Pause in the Drill - really ) I hope AAOG are not being cunning again by buying more time letting the share price to rise just to be hit by a placing. Are they hoping by delaying the ultimate drill more investors will buy purely on the current depth tests ?. This is no de-ramp other than be aware of the current Oil Crises conditions which will continue well into 2019. Meanwhile here we are with a drill that now is to be halted and for how long ?. I see why CEO wants to raise £5M for other drill etc.More likely he is aware of the current trends and wants to secure the BOD's jobs for a few more years, But we all have been lend to believe this Well will be huge & no need to generate any more funds as this will be self sufficient. All the evidence now show other wise. No doubt I will be bombarded with many negative posts. But at least get yourself unto date with the Oil crisis right now and it will continue well into 2019, then make your own assumption before posting here. After all its your money too, and reading the Bloomberg report will at least make you realise the good intentions of this post. GLA
pro_s2009: Shares are issued at the lower price of 125% of the Initial Spot price, or the Market Price (Market price being the lowest price in the last 3 trading days). So the CLN will be converted at the lowest closing bid price seen over the last 3 days. If they have good luck and strike oil and the share price rises to 20p then for sure future CLN conversions would be at 125% of the Initial Spot price defined today - as that would be lower than the closing bid price at that time. ................Should conversion occur, the conversion price for any Ordinary Shares to be issued to Sandabel under a conversion notice will be the lesser of (i) 125 per cent of the Initial Spot Price ("ISP") or (ii) the Market Share Price ("MSP") and the principal amount of the facility remaining undrawn shall be increased by the pre-conversion value of the loan notes that have been converted. ISP is defined as the closing mid-price of one trading day before the Issue Date and MSP is defined as the lowest closing bid price as for the three consecutive trading days ending on the day prior to the Issue Date. ................
alexios1201: Key points on debt facility29 October 2018As announced in earlier regulatory releases and discussed in interviews, having a debt facility was always part of AAOG's contingency arrangement. Following the need to re-spud and the consequent enhanced engineering upgrades to well TLP-103C, AAOG needs to access some of that contingency to ensure the well is drilled to our specifications.We have not rushed this but, in discussions and advice from our nomad and a financial adviser, we have put in place a facility which meets AAOG's needs while minimising any cost or effect to shareholders:We have not taken a large tranche of capital in one lump where we might not need all of it;We have avoided warrants, which would take away much upside from shareholders;We have minimised conversion rights, such that at least some of the debt will be repaid as conventional debt with no conversion;We have agreed conversion rights and subsequent trading of shares that avoids the risk of a 'toxic debt spiral'; andWe have minimised the cost of capital.While we are going to draw down several tranches over the coming two months, we will keep the capital required to a minimum. A likely outcome is that approximately half of the facility will be converted and half will be repaid as debt.We are now within a month or so of knowing exactly where we are on TLP-103C, at which point, if there is an oil show, AAOG should be able to price and raise sufficient equity for the field-development plan, which means that the debt facility would be taken out.What will not happen is that this debt facility remains in place over the long term as a convertible drag on the share price.Although the lending vehicle is Sandabel Capital LP, the underlying lender controls the debt facility, any conversion and all trading relating to any shares converted from the loan. The loan is not assignable. The underlying lender has always been a subscriber on placings and is very supportive of AAOG. This is the first loan that the lender has flowed through Sandabel. The lender has committed to AAOG that it will not act in any way that could cause undue adverse movement in the share price.
keya5000: Malolo Milolo ‏ @malolo_milolo Jan 31 More #aaog rig ENI stopped for repair. Missing parts. Next they’re drill option well ! AAOG will not get rig in Q1 ! By de way, were is the lisense Sefton ? #aaog 0 replies 0 retweets 0 likes Reply Retweet Like Direct message Malolo Milolo ‏ @malolo_milolo Jan 29 More #aaog Sunny is delusional or probably pay by Sefton. Their is no Lisense and Sefton cover it with news like new manager and new bord of directeur. That was Decembre than End of year then Mid Jan, then end of Jan. Next promesse ? #aaog 1 reply 0 retweets 0 likes Reply 1 Retweet Like Direct message Malolo Milolo ‏ @malolo_milolo Jan 24 More #aaog every one in Congo knows they’re will be no lisense. New age Marine III got back to SNPC in december !!! when will some one question Sefton ? Disappoint coming. #aaog 1 reply 0 retweets 0 likes Reply 1 Retweet Like Direct message Malolo Milolo ‏ @malolo_milolo Jan 23 More aaog don’t know why Sefton say lisense for AAOG. SNPC confirmed no lisense befor drilling new well. And Gerard tries pay people but no work ! Sefton lie always#aaog 0 replies 0 retweets 1 like Reply Retweet Like 1 Direct message Malolo Milolo ‏ @malolo_milolo Jan 23 More #aaog Sefton try to hide lisens news with new board. SNPC will not give lisense. They push everyone. Next ministry conseil in3 week and SNPC said No to Gerard ! Read gazette and see ! #aaog 1 reply 0 retweets 0 likes Reply 1 Retweet Like Direct message Malolo Milolo ‏ @malolo_milolo Jan 23 More #aaog no lisense at last council. Gerard did not make his lisense. End game for him ? SNPC get back all their lisense. Take new age ! … 1 reply 0 retweets 0 likes Reply 1 Retweet Like Direct message Malolo Milolo ‏ @malolo_milolo Jan 17 More #aaog if the license is not come, what is the company Share Price worth ? What is Sefton Strategy ? to Drilling 103 ? they have the cash he say. #aaog Malolo Milolo ‏ @malolo_milolo Jan 31 More #aaog rig ENI stopped for repair. Missing parts. Next they’re drill option well ! AAOG will not get rig in Q1 ! By de way, were is the lisense Sefton ? #aaog
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