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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential
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Anglo Afri O&g Share Chat (AAOG)



Share Price: 6.95Bid: 6.90Ask: 7.00Change: 0.00 (0.00%)No Movement on Anglo Afri O&g
Spread: 0.10Spread as %: 1.45%Open: 7.15High: 0.00Low: 0.00Yesterday’s Close: 6.95


Share Discussion for Anglo Afri O&g


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wraith
Posts: 5,918
Opinion:No Opinion
Price:6.95
AAOG
Today 03:05
Listening to interview, what I noted,...we are targeting 2,000 bbls a day, initially, to generate revenue, which will be used, to upgrade topside facilities, for higher production levels: https://youtu.be/FzEqQJrz06I

I have noticed, when reading back over the board, comments, on possibility of a placing,...s/p already appears to have one priced in (imo), when looking at AAOG par value;-
"A share will have a nominal or par value: 1p, 10p, £1 or any other sum in any currency. And it is an absolute rule that a share cannot be issued fully paid for anything less than its nominal value – that is, it cannot be issued at a discount."
Source: https://www.pinsentmasons.com/out-law/guides/shares-and-share-issues

£16.54m Market Cap (Anglo African Oil Gas Ord 5p (AAOG))
https://www.sharesmagazine.co.uk/shares/share/AAOG

BW
 
MartyPoppins
Posts: 92
Opinion:No Opinion
Price:6.95
RE: This AIM MARKET
Today 01:34
At least in the ST, this is a classic AIM story. Starts with a small number of highly charged rampers (calling themselves 'true investors') promising a price rise of 'at least 300%' and disparaging anyone with a different view (called 'trolls' or 'idiots'), followed by a lot of disgruntled investors who instead see the price fall 30%+. And so many of the prior pontificators either go silent, make a joke of the whole affair or backtrack on what they said before. AIM is run by sentiment and expectation - when supposed 'good news' was around the corner but the price refused to budge this indicated that the investors who move markets didn't care about the facts we already know and did not trust a management that has repeatedly failed in the PR department to turn the event into anything other than a highly negative affair. And, as usual, they were correct.

The rampers will soon be saying that the price will rise by 'more than 400%' to maintain their original price target and perhaps one day they may even be correct, but they totally misread the situation and - if you believe in the company, despite management's repeated failures - it's a lot nicer to buy at 6p and 7p, than at 10p.
MartyPoppins
Posts: 92
Opinion:No Opinion
Price:6.95
RE: This AIM MARKET
Today 01:34
At least in the ST, this is a classic AIM story. Starts with a small number of highly charged rampers (calling themselves 'true investors') promising a price rise of 'at least 300%' and disparaging anyone with a different view (called 'trolls' or 'idiots'), followed by a lot of disgruntled investors who instead see the price fall 30%+. And so many of the prior pontificators either go silent, make a joke of the whole affair or backtrack on what they said before. AIM is run by sentiment and expectation - when supposed 'good news' was around the corner but the price refused to budge this indicated that the investors who move markets didn't care about the facts we already know and did not trust a management that has repeatedly failed in the PR department to turn the event into anything other than a highly negative affair. And, as usual, they were correct.

The rampers will soon be saying that the price will rise by 'more than 400%' to maintain their original price target and perhaps one day they may even be correct, but they totally misread the situation and - if you believe in the company, despite management's repeated failures - it's a lot nicer to buy at 6p and 7p, than at 10p.
Jay_P
Posts: 569
Premium Chat Member
Opinion:Strong Buy
Price:6.95
Very low risk
Mon 23:36
James Berwick (formerly of Ophir and Impact) knows his stuff. He wouldn't be involved in a shambolic company and risk his reputation as one of the best in the O&G field. They've found oil, lots of it by the way, and now because of the Djeno flowing freely they're moving straight to production. The fact SNPC have increased their monthly payments is a very good indication of how this will be moving forward. Without doubt this is the most derisked oil play on AIM right now and thank god I'm invested here! Rather be invested here than high risk plays with UJO!!!
FiveJ
Posts: 70
Opinion:Strong Buy
Price:6.95
RE: Production
Mon 23:29
I’m no expert but I think to answer your question the Djeno oil is a better quality so the risk for extra production is obviously worth the risk
angelaj6611
Posts: 451
Opinion:No Opinion
Price:6.95
Increased risk.
Mon 23:26
Sefton has not stated they would not need or raise finance for drilling. Some time ago everything else bar drilling was mentioned as finance financed.
RNS gave Sefton the right opportunity to quash rumours of fund raising, he did not?
The cost of the delays will have eaten into their financial resources, the reason why they are going direct to production without confirmation of their find, or any decent distribution infrastructure.

Sefton expects theoretical bonanza results just as invested PIs expected theoretical bonanza sp. It hasn't happened.

Risk increased by Seftons recent decisions resulting in lack of clarity over timing,licence, money and no confirmation of actual o/p.
dsmith57
Posts: 93
Opinion:No Opinion
Price:6.95
Production
Mon 23:13
This guy’s plans change with the wind direction. He has no focus or direction. Why not just get the Mengo etc up and running, pull in some cash and move on to the Djeno later. If going for the Djeno now gets us 2000 bod as he said then it’s not much different from the 1500 bod expected from the Mengo. A lot can go wrong in any drill so why take the risk for 500 bod. If anyone can f—k this up it is your man.
hand-some
Posts: 107
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 22:40
i don't get it. usually you explore find oil and flow test it. there is flow so you start production if you can, have facilities, someone to sell to etc. In AAOG case as Sefton said in the interview they will go back into the well now to bring it into production and...wait..to see what are the flow rates?? this is what i am puzzled about. so to define production plans and to talk about 2000bopd they must have some idea from oil flow and reservoir to be confident to start making production plans. But why not just come out and say it? because there is no oil or it doesn't flow? well why the hell would you make long ter, production plans rather than just trying to test the well? as I said I don't get it
bigupajc
Posts: 16
Opinion:Buy
Price:6.95
Positive Interview
Mon 22:31
It is actually a very positive interview by DS. Lots of good news to look forward to with finance not required for this initial phase of production. Therefore there is no placing - that has already been made clear several times over the last few months by DS and I see no reason why he would go back on that now and not mention it. All looks positive from here. I would expect some more sellers to be flushed tomorrow morning before a steady rise back north over the next month. Particularly as people now know that there is news flow due shortly.
Drewky
Posts: 7,810
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 22:05
Has, here here for gawds sake
Drewky
Posts: 7,810
Opinion:Strong Buy
Price:6.95
RE: Production Plan
Mon 22:03
Can somebody explain to the fella the difference between a written production plan and general excited thoughts about which direction we might take immediately after a strike.

In the cold light of day is this guy serious enough to believe excited ramblings until it has been properly investigated on the best options. This fella gas also been hear a while knowing full well that the denjo oil coming to the surface would have changed all good plans of mice and men.

His obvious deramping skills are showing like a woman's skirt tucked in her knickers and is the same on many of his visits
DegsyAlmomd
Posts: 28,688
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 21:54
The deeps rule let it flowww
Tiburn
Posts: 1,456
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 21:49
Ive been here a while !
ive made posts about this 102 drill a few times

but I was referring to 103C main event

you agree that's why the plan changed?

maybe the intention was to look at the water injection option with the frac kit, I don't know, poor comms to leave 400 bopd on the table, seemed like a quick win to me

but lets focus on Djeno
pawnsacrifice
Posts: 1,226
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 21:44
What do you mean there were no other production plans? lol Take it you're a newbie if you've no recollection of all the early production plans that have gone out the window already.
400BPD from 102 anyone?

On commencing drilling of TLP-103, TLP-101, which was producing around 30 bopd at the time, was taken offline due to the proximity of the flare to the drilling apparatus. The Company has now upgraded and relocated the flare to enable production from TLP-101 to continue during drilling. TLP-101 has been brought back into production and has now produced an average of 55 bopd during a two week test period.

During the downtime, the Company engaged a specialist reservoir engineering company to conduct a full review of wells TLP-101 and TLP-102 which followed on from the stimulation exercise performed on well TLP-102, successfully conducted earlier in 2018. The results of these studies have shown connectivity between the two wells. Due to this connectivity the reservoir engineering company has recommended using TLP-102 as a water injector to enhance production from TLP-101.

Studies of this strategy by both the Company and the specialist reservoir engineering company predict that using a water injection system could lead to a rise in production from TLP-101 to up to 400 bopd. The Company is now obtaining estimates for the cost of this work and assessing the commercial viability of this project.
Tiburn
Posts: 1,456
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 21:39
the plan changed from mengo frac to djeno

so different kit and not needed

there were no other production plans
Drewky
Posts: 7,810
Opinion:Strong Buy
Price:6.95
RE: Production Plan
Mon 21:38
Why should it not be?
pawnsacrifice
Posts: 1,226
Opinion:No Opinion
Price:6.95
RE: Production Plan
Mon 21:35
Do you remember when they were definitely going to use Schlumbergers kit. They gave us a time for it to enter the country then too.
Didn't happen just got swept under the carpet like all the previous plans.
Why should this one be any different?
Tiburn
Posts: 1,456
Opinion:No Opinion
Price:6.95
Production Plan
Mon 21:23
Interview 8 mins

"Production plan is very near to finalisation, and including include where going to get the equipment from and the timelines...so theres a lot of work that's gone into that"

If this data is already in this production plan report the:n

kit required is already sourced

actual time to transport to Congo established

time for rig mobilisation known to then go straight into production in the Djeno

That sounds like a complete document with no unknowns
Tiburn
Posts: 1,456
Opinion:No Opinion
Price:6.95
Production Plan
Mon 21:22
Interview 8 mins

"Production plan is very near to finalisation, and including include where going to get the equipment from and the timelines...so theres a lot of work that's gone into that"

If this data is already in this production plan report the:n

kit required is already sourced

actual time to transport to Congo established

time for rig mobilisation known to then go straight into production in the Djeno

That sounds like a complete document with no unknowns
edgar222
Posts: 853
Opinion:No Opinion
Price:6.95
RE: News Blackout Lifted
Mon 20:47
Tiburn

Agreed. The interview made sense to me, but like I have said before, this share is marmite.

Assuming they are telling the truth about oil flowing from the Djeno and the plans to produce from that level then this is massively derisked from when I first bought. It is also cheaper. A total bargain.

Never known a share for such blatant bashing.

Buy.
SUFCESSEX
Posts: 8,039
Opinion:No Opinion
Price:6.95
We are just drifting
Mon 20:19
Hopefully a big major will buy us out like Total

It's not rocket science here AAOG are cowboys

Found loads of black gold and fooked up

We need someone who knows what they are doing IMHO

Honestly IMHO this is a gold mine in the congo and a oil n gas didiler with massive Oil Reserves and they don't know what to do
SUFCESSEX
Posts: 8,039
Opinion:No Opinion
Price:6.95
RE: News Blackout Lifted
Mon 20:09
I am your wing man Son

I AM A SOUTHEND UNITED FC FAN so feel at home here

300,000 AAOG shares

Keeping firm under the mattress for one better day

I still believe whatever the tape printing

Everyone is a WINNER
DegsyAlmomd
Posts: 28,688
Opinion:No Opinion
Price:6.95
RE: News Blackout Lifted
Mon 20:07
No he wasn’t rampy enough he was just giving an update.
Jrlomax
Posts: 1,839
Opinion:No Opinion
Price:6.95
RE: News Blackout Lifted
Mon 20:06
If Sefton is doing the rounds then a fund raise is imminent, question is at what price
eggonaroll
Posts: 4,046
Opinion:No Opinion
Price:6.95
RE: News Blackout Lifted
Mon 20:00
Rewatch interview but with cynical view




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