Azonto Petrol. Share Discussion Threads

[treacle32] 19/12/2013 23:17

After the 500,000 buy at 1.65p reported after close - another boost for bottom made with opening up 7.4% on ASX tonight. Had fallen too much under the RIA symbol from 2.90p on low volume despite v.large director top ups at 2.10p and 2.28p.

Should make progress towards 2p again tomorrow.

[treacle32] 19/12/2013 19:34

Updated header with some other stuff - if anyone wants me to show anything else please let me know.

[treacle32] 19/12/2013 17:51

Large Buyer back as I kept saying, after the 1.90m buy at 1.50p on Monday, full price of 1.65p trade reported for 500,000 shares after close.

Bottom definitely reached and imo fall back is also like many AIM stocks past month on low volume.

[treacle32] 19/12/2013 17:19

New on website...

Gazelle Area

On 7 November Rialto Energy was granted a new PSC which will following approval of the submitted Field Development Plan lead to grant by the Government of Cote d'Ivoire of an Exclusive Exploitation Area in respect of the Gazelle Field allowing for 25 years of exploitation

Close to onshore refineries
Seven wells intersected and tested oil and gas
Gross hydrocarbon bearing sections greater than 370m
Significant nearfield exploration prospects de-risked by 2012 drilling

Hippo Area

Rialto Energy submitted a Field Development Plan in May 2012 to develop the Bubale oil discovery and a gas and condensate (Hippo) discovery
Significant un-appraised resource potential

Impala Area

One oil and two gas discoveries

Addax Area

One oil discovery (Addax) with a successful approasal well
During 2013 Rialto has been working with its JV partner and the DGH on an accelerated gas development plan as the first phase of a larger area-wide development

[treacle32] 19/12/2013 16:55

Also, it seems many brokers have still not switched over to new ticker details hence could be another reason for low volumes, online dealing not present with some.

[treacle32] 19/12/2013 15:20

I think AZO has been withdrawn from ISDX too - great if it has which means what is in front of us is the true picture on trades rather than having to keep checking a second link.

Azonto Petrol (Withdrawn)

[agbad] 19/12/2013 15:11

Great if we do.

[treacle32] 19/12/2013 15:04

We will get one of those rises MARL had from 1p to 9p once the newsflow starts again having had the one already to 2.90p which again is how MARL did.

[agbad] 19/12/2013 15:03

sorry folks - finger slipped!

[agbad] 19/12/2013 15:01

If all performance targets are met and the performance shares are issued in full it will dilute the shares in issue by less than 5%. Seems a fair trade off if all the targets are met.

The targets are listed at P.6.4 on page 21 of the Notice of AGM issued on 22nd November 2013. Interesting reading.I would imagine their share targets will be achieved well within the 4 year time limit specified and hopefully the share price will be a lot higher than the target price of 0.09 Aussie dollars! I imagine the Directors will not expect to wait 4 years to reach the 5p target given they have been buying around the 2p mark.

[agbad] 19/12/2013 15:01

If all performance targets are met and the performance shares are issued in full it will dilute the shares in issue by less than 5%. Seems a fair trade off if all the targets are met.

The targets are listed at P.6.4 on page 21 of the Notice of AGM issued on 22nd November 2013. Interesting reading.I would imagine their share targets will be achieved well within the 4 year time limit specified and hopefully the share price will be a lot higher than the target price of 0.09 Aussie dollars! I imagine the Directors will not expect to wait 4 years to reach the 5p target given they have been buying around the 2p mark.

[treacle32] 19/12/2013 13:57

Now blue - bottom maybe confirmed from recent high of 2.89p.

Many large directors top ups up to 2.28p recently.

[treacle32] 19/12/2013 13:50

More decent buying and now 353,697 at 1.55p.

Bottom fishing here too.

[pat2] 19/12/2013 12:02

What has happened ?
Barclays stopped doing trades on my account, and ISDX says withdrawn have they been suspended ,no announcement.

[treacle32] 19/12/2013 11:39

"subject to the achievement of stretching strategic and share price related performance targets" - always good to see & some buys today after a while.

[treacle32] 19/12/2013 11:39

19 December 2013

ASX Code : APY

AIM Code: AZO

Azonto Petroleum Limited

("Azonto" or the "Company")

Notification of Director's Interests

Following the approval of Performance Rights Plan at the 2013 Annual General Meeting on the 22 November 2013, the grant of Performance Rights to Directors has been made on 18 December 2013 as detailed below:


Director Total Number of Performance Rights
granted
------------------------ -----------------------------------
Mr Neil Hackett 6,501,179
------------------------ -----------------------------------
Mr Andrew Bartlett 11,632,776
------------------------ -----------------------------------
Mr Gregory Stoupnitzky 10,037,820
------------------------ -----------------------------------
Mr Andrew Sinclair 6,501,179
------------------------ -----------------------------------
Mr Robert Shepherd 21,670,596
------------------------ -----------------------------------


The actual number of Performance Rights which Directors could receive under the Performance Rights Plan will be subject to the achievement of stretching strategic and share price related performance targets. Full details of the performance targets are contained in the 2013 Notice of Annual General Meeting.

[treacle32] 19/12/2013 10:06

Yep - we know how quickly it can go up too and as we experienced last time round.

Maybe the future gas sales agreement news will be first - negotiations with state owned company.

[fillipe] 19/12/2013 09:48

Yes, definitely one for 2014....end Q1. Very much a case of buying now whilst it's hugely quiet and holding for an exciting future.

f

[duxy786] 19/12/2013 00:47

Thanks AGBAD for sharing that. Keep the faith and when possible, add to average down if u can. That report is exactly why I will continue to hold and add here. This will multi bag in 2014.

[treacle32] 18/12/2013 17:38

Always was a long term investment as first sounded out in early September 2013.

As Rob said recently.....

"Having been predominantly focused on stabilizing the Company throughout 2013, we now firmly believe that Azonto has the right assets, experience and network in West Africa to create shareholder value and the Board of Azonto look forward to 2014 and beyond with great confidence".

And vitol haven't just come in for the smaller reserve, the size of the reserves are huge let alone everything else including recovery costs.

The whole board of directors have bought in big at higher levels, the rack of shareholders have bought in big.

Can't ask for more imo....

All the boards are like that these days - can't post anything on the company etc.

[agbad] 18/12/2013 17:36

Oops posted twice. Still hungover!

[agbad] 18/12/2013 17:35

Afternoon all. Been visiting a few watering holes over the last few days drowning my sorrows! Nursing a substantial lost on AZO. I thought 1.7p would have been the bottom but don't know where this sell off will end. Anyway, committed to this company for the long term. Still believe this is a good recovery play given the change of Directors,Director buying, Vitol tie-up, PSC, Ivory Coast government support etc, etc.

Believe the share has been highly oversold and the price has crashed on low volumes. Would have liked to have topped up at the current level but unfortunately funds low!

Treacle - I've stopped posting on LSE. Starting to get slagged off over there as well. Don't understand why people continue to post if they have sold up. Only reason I can think of is they delight in others misfortune. Narrow minded people.

Anyway looking forward to a better 2014.

[agbad] 18/12/2013 17:35

Afternoon all. Been visiting a few watering holes over the last few days drowning my sorrows! Nursing a substantial lost on AZO. I thought 1.7p would have been the bottom but don't know where this sell off will end. Anyway, committed to this company for the long term. Still believe this is a good recovery play given the change of Directors,Director buying, Vitol tie-up, PSC, Ivory Coast government support etc, etc.

Believe the share has been highly oversold and the price has crashed on low volumes. Would have liked to have topped up at the current level but unfortunately funds low!

Treacle - I've stopped posting on LSE. Starting to get slagged off over there as well. Don't understand why people continue to post if they have sold up. Only reason I can think of is they delight in others misfortune. Narrow minded people.

Anyway looking forward to a better 2014.

[sos100] 18/12/2013 16:10

thanks for that info.

stuck with tdw for time being,just one thing after another it seems.Still can't trade this stock