Azonto Petrol. Share Discussion Threads

[boz2112] 15/1/2014 10:12

I dumped most of my position as well, only wish I had sold at the peak :(

[foxx999] 14/1/2014 17:56

Just read presentation.... must be mad to buy here..

Two standouts for me :-

"Acquisition of 65% of Rialto CDI (now renamed Vioco) in return for funding the first $50mm of Gazelle development costs via a loan to Vioco
•Repayable from 80% of surplus cash flow
Azonto net contingent resources : 35% x 71% x 22 mmboe = 5 mmboe"

So barely any oil...and proper cashflow years away...

lucky escape for me here....

[agbad] 14/1/2014 17:23

Treacle - I'm quite pleased with the presentation but as no expert will be interested to see how the ASX will react tonight. Glad to see their focus is on shareholder value and they are actively involved with the banks to seek funding (always worried they would issue more equity - may still do ?). Also a bit of realism has set in and they have set themselves realistic goals and none of the pie in the sky ambitions of the previous board. 3.8p is not a fortune but I would be more than happy with that in the short term with more to come down the line. Like the assumption that the project pays back in 3 years. This share has huge potential. Wonder if Vitol will try and buy them out ?

Assumptions
 Petroci back in for additional 16%
 Gas price set at P90 NPV b/even
• Reset after 4 yrs
 Oil price $90/bbl
 Production start up July 2015
 Includes contingent well in 2017
($44mm)
 Bank loan finance of $110mm

Outputs
 Project pays back in 3 years
 Project NPV : US$117mm
• Azonto NPV : US$44mm
- Vitol providing project "equity"

[treacle32] 14/1/2014 17:12

SUMMARY – A COMPANY TO WATCH

New management and board who have delivered individually and collectively :
•Vitol partnership in Cote d'Ivoire completed
•PSC in Cote d'Ivoire successfully re-negotiated
•Successful placing raised US$13m in July, bringing quality institutional
investor base

Now looking to the future:
•Active programme with near-term focus on Gazelle project
•Actively considering new assets/businesses in West Africa, focus on
discovered hydrocarbons

[treacle32] 14/1/2014 17:10

Analyst Coverage, Target, Date

GMP Europe 5.5p 05-Sep-13
RFC Ambrian A$0.06 (3.8p) 11-Nov-13

West Africa : regional focus

Focus on discovered hydrocarbons, with emphasis on rapid monetisation
•Deep water exploration prizes too risky and expensive for small E&P company
•Plays to CDI strengths (Gazelle field) and leverages Vioco project team

Build on Gazelle to tie in other discoveries in block CI-202 and in nearby blocks
•Attractive return on marginal capital given PSC terms
•Aligns with Vitol's strategy
•Makes Vioco a material player in CDI

Progress selected exploration targets in CI-202 but farm down to reduce risk exposure where appropriate

Acquire new assets within focus region
•Stranded assets not material to owners (constrained gas, with liquids as upside?)
•Appraisal and development upside with some exploration potential
•Use market credibility to raise funds to acquire illiquid small E&Ps

Remain open to compelling opportunities outside core strategy

Target rapid growth in scale and in shareholder value

[treacle32] 14/1/2014 17:03

New coporate presentation from Investor Day today now on website....

[treacle32] 14/1/2014 11:00

Good buy at 1.55p.

[treacle32] 14/1/2014 10:24

Good Morning - We should see a strategy presentation for 2014 published later today after the investor day. Maybe see more clues from that.

I am aware that the negotiations with state owned company for future gas sales agreement remains ongoing.

[adrian1monk] 14/1/2014 10:01

Morning Treacle
What do you reckon the news will be ?

[treacle32] 14/1/2014 09:32

Finished up 11.5% on ASX too last night.

[treacle32] 14/1/2014 09:00

14 January 2014

ASX Code : APY

AIM Code: AZO

Azonto Petroleum Limited

("Azonto" or the "Company")

Corporate Presentation

Azonto Petroleum Ltd announces that it will be hosting a presentation for analysts and investors today in London. A copy of that presentation will be available to view from the corporate website (www.azpetro.com) at 4:30pm GMT.

[house atreides] 13/1/2014 23:54

Corporate Presentation for analysts and investors available 4.30pm today from Azonto website.

4.30pm (GMT on the 14th). Close of play. Makes me feel a capital raising is on the way..... I hope its something better.....

[treacle32] 13/1/2014 21:28

I'm sure we will get an update soon. Nothing has changed, there's lot to look forward too but as with all juniors and being on AIM the stimulus of news is required.

Yes the reporting date is March now.

Remember MARL from 1p to a peak of 8.50p on newsflow, I'm sure we'll get those sort of rises too once the gas sales agreements news, drilling etc commences.

[agbad] 13/1/2014 09:59

Oh dear! 1 step forward 2 steps back. Thought we had seen the last of the selling. Don't imagine this mornings sells could be at a profit. Must be panic selling after last nights close on ASX.

We really need some sort of update from Rob Shepherd. Did I read that their reporting date has moved to March?

[treacle32] 10/1/2014 18:58

Buying Volume and MACD Indicator building bullish divergence....

[treacle32] 10/1/2014 15:34

Buys coming through slowly but surely.

[treacle32] 10/1/2014 11:16

Yep agree.

[agbad] 10/1/2014 09:31

No movement last night on ASX but volume picked up. Nice to see a 250k buy go through this morning on AIM though spread still too high at 20%. Most of all we need some company news to kick start this again.

[agbad] 10/1/2014 09:31

No movement last night on ASX but volume picked up. Nice to see a 250k buy go through this morning on AIM though spread still too high at 20%. Most of all we need some company news to kick start this again.

[treacle32] 09/1/2014 14:30

Don't know why they keep the spread so big, would get more buying volume if it was smaller. Or maybe it'll sort itself out like it did last time once we broke 2p and how it went to a high of 2.90p.

[adrian1monk] 09/1/2014 13:29

Thanks for the feed-back, hoping for a fortune this year !

[treacle32] 09/1/2014 11:50

Hi Adrian, I've built up my 2m holding in MEN now and over past 2 1/2 months. My best pick for this year and expecting 20 bagger on multiple significant deals with all the brilliant big players involved.

If you see my posts there, big newsflow is due anytime now and more than one RNS. It's a good time as any, chart & ta is positioned now for break-out too.

As for AZO, new website still not updated but the board did say a new presentation will also be provided for 2014 plans.

[agbad] 09/1/2014 11:46

Treacle I'll post on LSE and let her know.

[adrian1monk] 09/1/2014 11:42

At last we've got some movement !
Morning Treacle, i've been looking at Men recently, When do you think the time is to buy ?

[treacle32] 09/1/2014 11:40

Yes mate I did, can you let her know. But I've not responded yet because I've had so much more work to do on those lot and the continued hurt etc. Can u please let her know I'll respond over the wkend?