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AAZ Anglo Asian Mining Plc

-0.10 (-0.15%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -0.15% 64.50 62.00 67.00 64.50 64.50 64.50 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 20.16 73.69M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 64.60p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 121.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £73.69 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 20.16.

Anglo Asian Mining Share Discussion Threads

Showing 141976 to 141998 of 144250 messages
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PRD making a mess of things by the look of it…?

Pre mkt 7/8. Too much or not enough?


CN-4 Well

The CN-4 well was spud on January 17, 2024, and reached target depth on January 27, 2024. The well was drilled to a total measured depth of 9,552 feet (8,613 feet true vertical depth) and targeted the Ubaque formation.

Arrow completed the well in the Ubaque formation, which has 29 feet of true vertical depth net oil pay. The pay zone is a clean sandstone exhibiting consistent 26% porosity, 5 Darcy permeability and high resistivities from top of sand to base of sand. An electric submersible pump (ESP) was inserted in the well after perforating.

The well confirms Arrow's understanding of the large Ubaque resource base and commensurate horizontal drilling opportunities it provides.

Specific data for the initial production from the Ubaque formation are as follows:

· The well initiated production with a flow rate of 780 barrels of fluid per day.

· After recovery of the drilling and completion fluids, in a 12 hour production period the well produced 758 BOPD gross (379 BOPD net) with a 7% average water cut.

· Measured oil from the Ubaque formation shows an API gravity of 13°.

To efficiently manage the reservoir, the ESP is currently running at 42 Hz, minimum optimum pump frequency, and a 128/128 choke size is being used. The CN-4 well is currently on production, producing from the Ubaque formation at 478 BOPD gross (239 BOPD net). Management's intention is to produce the well conservatively, at current rates, to ensure the highest estimated ultimate recovery (EUR). This approach will provide significant operational flexibility.

The CN-4 well did not test the C7 or Gacheta formations. The Ubaque production and reserves potential are considered the first priority for the Company. C7 and Gacheta potential will be unlocked with future wells and recompletions.

Initial production results are not necessarily indicative of long-term performance or ultimate recovery.

CN-5 Well

The CN-5 well was spud on February 8, 2024 to test the Carrizales Noroeste prospect and reached total depth of 9,050 feet true vertical depth on February 14, 2024. Initial interpretation of the logging of this well, drilled to the west of the known pool boundary, shows 45 feet of Ubaque oil pay to base of sand. The reservoir demonstrates consistent 25% porosity and 5 Darcy permeability. CN-5 has confirmed that there is a stratigraphic component to the trapping mechanism in the Ubaque reservoir as it extends to the west and is therefore expected to add significantly to the existing Ubaque oil reserves. The Company expects to complete the well for production over the next few weeks.

Operations Update

gawd,,, I hope AZERGOV, President & locals are all back onside!!!
I’ll take it for now.
Absolutely fantastic work here. A great model and much appreciated.

donald pond
I had a feeling we would get an RNS htis morning. Not the one we are all waiting for but welcome nevertheless .
Absolutely excellent presentation of the Xarxar resource. Huge congratulations for doing that. Interesting as well that there is a higher grade area right on the edge of the deposit.
donald pond
Impressive interactive 3D modelling...
Xarxar JORC - >100,000 tonnes of Copper..
laurence llewelyn binliner
Good morning all, Cheers Wan :-)
PRD going to take a hit today. They have already got an agreement for a CNG contract to sell the gas at the wellhead and rigless testing has drawn a blank they always wanted to use sandjetting to be fair and claims it will work with that. Gas is there but is it in commercial quantities. The wait goes on...

· Phase 1 rigless testing with small perforating guns confirms formation damage
· Phase 2 Sandjet testing, always the preferred perforating option, will proceed with design parameters modified to take into account the depth of formation damage
· The Company is confident that Sandjet will achieve its objective to establish gas flow
· Analysis of gas samples confirms up to 99.57% methane suitable for CNG development
· MOU-5 Jurassic well planning on track
· No change to available discretionary working capital to carry out Sandjet testing programme.............

Anglo Asian Mining plc
Xarxar maiden JORC (2012) Mineral Resource Estimate completed
25 million tonnes of copper mineralisation at average grades of 0.48 per cent.
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold, copper and silver producer focused on Azerbaijan, is pleased to announce the completion of a maiden JORC (2012) Mineral Resource Estimate for its Xarxar copper deposit (the "Xarxar Deposit"), confirming 24.9 million tonnes of mineralisation with average grades of 0.48 per cent. copper.

Xarxar Deposit

· 24.9 million tonnes of mineralisation with average grades of 0.48 per cent. copper
· 22.0 million tonnes of mineralisation containing 106,000 tonnes of copper within the Measured plus Indicated JORC categories
· Total in-situ mineral resource of 119,100 tonnes of copper
· 66 drill holes with a total length of 21,707 metres used for the maiden Mineral Resource Estimate
· A 470 metre exploration adit was excavated for underground drilling and sampling

Stephen Westhead, Vice-President of Anglo Asian, commented:
"The maiden JORC Mineral Resource Estimate for the Xarxar Deposit demonstrates that this is a substantial resource, containing over 100,000 tonnes of copper. We are confident that the Xarxar mine will be a significant contributor to our future production, enabling the Company to deliver future growth and attractive returns to shareholders.

"To further expand the current mineral resources estimate, work will include surface infill drilling to the east of the deposit, deposit geotechnical and hydrogeological drilling, and drilling to supply samples for further metallurgical testwork. Additional core drill samples will also be subject to external quality assurance and control. This will enable mineral resources to be reclassified from Indicated to Measured in preparation for the full mining study."

all in eol
Swimming with the sharks can be a challenge, but one we must all overcome
all in eol
SSB can you give a bit of commentary to your chart? As it stands, it means nothing to my untrained (but interested) eyes.

Not so much for AAZ, where TA makes naff-all difference - news is what dictates the price. But for commodities, forex, crypto, TA might be useful.

Afentra LSE:AET surely one of the best small cap O&G producers in the sector.

In the short term...

* Completion of the Azule transaction in Q1 2024.

* First 2024 lifting of approximately 450,000 bbl late February 2024.

* Investor Meet Company presentation in Q1 2024 (TBA)

Longer term...

* AET looking to sign a "conveyor belt of deals" in multiple African countries.

Talk us through it. Are you long or short?
master investor
many thanx ssb :-)

Wan :-)

I know my TA is different and unique.

But I am usually right on shares I am not in! No emotion ones.

AAZ chart TA pinged me last week, it is what it is if you believe in TA.

Hi RB and Wan ' nothing much to post about for the time being . Just waiting for the RNS from AAZ re the TD news be it good hopefully. Let's see what develops in the near future.
agreed Rb, tis very quiet out there.... :-) :-)

Wan :-)

Markets look a bit tumbleweed to me Wan, think you can tell by the lack of posts there is nervous money out there. That or the kids half term period has led a few people away. Sat firmly on hands here, if only to keep them warm :)
56.00 - 60.00 (GBX) at 12:27:29
on Market (LSE)

AAZ still has a regular seller at the moment, but, also some good buying today :-)

Wan :-)

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