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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
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Anglo Afri O&g Share Chat (AAOG)



Share Price: 6.80Bid: 6.70Ask: 6.90Change: -0.15 (-2.16%)Faller - Anglo Afri O&g
Spread: 0.20Spread as %: 2.99%Open: 6.90High: 6.90Low: 6.80Yesterday’s Close: 6.95


Share Discussion for Anglo Afri O&g


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bigupajc
Posts: 18
Opinion:Buy
Price:6.80
Charts
Today 21:47
Some technical data:

In terms of Relative Strength Index for Anglo African Oil & Gas Plc (AAOG.L), the 14-day RSI is currently noted at 13.59, the 7-day is 4.05, and the 3-day is sitting at 0.29. The Relative Strength Index (RSI) is a very popular momentum indicator used for technical analysis. The RSI can help show whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions.

In terms of CCI levels, Anglo African Oil & Gas Plc (AAOG.L) currently has a 14-day Commodity Channel Index (CCI) of -165.11. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Anglo African Oil & Gas Plc (AAOG.L)’s Williams %R presently stands at -89.74. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.
 
Hargreaves Lansdown
Tiburn
Posts: 1,463
Opinion:No Opinion
Price:6.80
RE: ENI offtake?
Today 21:36
Skittish, great research

I also cant find anything on land based pipelines

just this showing a pipeline from what must be Coraf towards the Djeno terminal south

http://www.oilandgasinfrastructure.com/home/oilandgasafrica/congo-brazzaville

So if AAOG can hook into Coraf 17km south of Tilapia would that do it?
skittish
Posts: 386
Opinion:Strong Buy
Price:6.80
RE: ENI offtake?
Today 21:09
Laying 17km of pipeline in 3 weeks is quite some achievement.

I'm sure it would be expensive, but thinking about it long term it would probably be much quicker and simpler to lay a pipeline from Tilapia, out to sea and then link up with existing seabed pipelines to deliver the oil to the Djeno Terminal.

These are the existing undersea pipelines (2016 - so fairly recent)

https://ibb.co/KxBc15B

But all the pipelines appear to go direct to the Djeno Terminal.

This map (from New Age)

https://ibb.co/2FRBtXf

shows some land based pipelines - but the closest is at Pointe Indienne around 10km from Tilapia and it again shows the sea based production going straight to the Djeno Terminal rather than being piped onto shore and then using land based pipelines.

I know the Eni website states the pipeline crosses land - but I can't find a map showing this.

Linking Tilapia to say the Litchendjili pipeline could be an alternative to land based transportation, especially if New Age develops their Marine III assets right next to Tilapia.

That said Eni uses water injection in their M'Boundi Mengo wells around 25km directly inland from Tilapia. Pipeline(s) deliver salt water for injection, I can't find them on the maps, although there are some unusual straight lines running west-east near Tilapia (where you would expect nothing) so maybe this is them. So there are pipelines possibly laid nearby, albeit carrying water.

As an aside, Eni may well be interested in the geology of our Djeno find, as if it underlies the Mengo at our location it may well underlie the Mengo at M'Boundi.

As another aside, the TLP-101V well drilled in 2006 appears to have been only around 170 metres short of hitting our upper Djeno layer and may then have been one of the first Djeno discoveries in Congo!

Luckily for us they didn't keep drilling!

Although I have found a bit of information which suggests that some of the people who may have worked on TLP-103C were also helping to drill on the site around the time of TLP-101V. So there may be a very considerable depth of knowledge there - literally.

Lets see what tomorrow brings.

I get the impression the share is under attack everywhere - BB's, twitter, private boards - interesting situation, but tomorrow is another day.
Sardypaul
Posts: 2,617
Premium Chat Member
Opinion:No Opinion
Price:6.80
Note
Today 21:08
Amazing a couple of late sells forcing sp down at the last minute AGAIN !!! So predictable yet they get away with it, maybe knock another .10 off before opening.
SuperRoty
Posts: 4,024
Opinion:No Opinion
Price:6.80
RE: AAOG
Today 20:35
Great postings guys and I totally agree this should be massive but I am out sitting on the cash ATM as I am convinced a discounted placement is on the way. Got caught too many times.

If I am wrong then so be it and hats off to you for your excellent research and detailed posts. Good luck. I am convinced this will come good
TIPTOP
Posts: 11,786
Opinion:Strong Buy
Price:6.80
RE: AAOG
Today 20:26
HeidH, SLB poured the plug so clearly it would be a high quality and would fulfil all legal requirements. The plug was placed just above the Djeno reservoir as they felt that area would of become damaged when mudding up. The plug clearly would of been tested when poured but later developed a fracture allowing significant amounts of oil to surface. This oil was positively charged and required releasing periodically to relive pressure. There was not a viable amount of oil but it did allow for some testing which provided more useful info about the reservoir including the very important fact that it flowed naturally to the surface without the need for any remedial work (frac/acid wash) or artificial lifting gear.It Is my opinion that they will most likely try to drill out the plug to re-complete the Djeno but sidetracking around the problem with a larger rig is a more expensive possibility, although clearly not drilling any deeper than absolutely necessary.
Also, clearly the rig had been de-mobbed before this issue with surfacing oil occurred

I hope this is useful
TIPTOP
Posts: 11,786
Opinion:Strong Buy
Price:6.80
RE: AAOG
Today 20:08
Mick, the plans for progress with 103c have been hatched and we are well on the way to implementing them. JB wants to have everything in order before releasing the forward plan but that moment is approaching. The Djeno is a fantastic reservoir which has produced many wells flowing at 5,000bopd with minimal depletion rates over 5 years. To my delight they have clearly decided its possible to re-enter 103c and produce from this formation fairly quickly and efficiently, plus Im not aware of any major problems regarding this. The master plan is due for release soon !!

Dont forget Mick, you are welcome to highlight any positive points rather than digging deeper than required to find possible issues :0)
Tiburn
Posts: 1,463
Opinion:Strong Buy
Price:6.80
ENI offtake?
Today 19:34
Congo oil blocks and location of Nene field - Tilapia is also shown.

https://www.energy-pedia.com/news/congo-brazzaville/newage-to-sell-its-stake-in-the-marine-xii-oil-block--offshore-the-republic-of-congo-175210

Eni Nene Field description:

https://www.offshoreenergytoday.com/eni-production-begins-from-nene-marine-field-offshore-congo/

“The Nené Marine field, located at a water depth of 28 meters and close to existing plants, produces from Djeno pre-salt formation”

“During the production test Nené Marine 3 well delivered in excess of 5,000 barrels of oil per day with a density of 36° API.”

Tilapia has density of 43° API – much better, top quality sweet light crude. If co mingled with Eni Djeno production then average would be more profitable overall if sold to them.

The following is ENI description of their assets development in Congo, showingg the rapid pace and scale of bopd that can be achieved by a Major.

https://www.eni.com/en_IT/operations/upstream/exploration-model/congo-nene-marine.page

“Oil produced during the first phase – 7,500 boe/day – is being sent to the Zatchi production platform via a 17km subsea pipeline. Full development of Nené Marine will take place in stages, involving the installation of production platforms and the drilling of more than 30 wells, with output expected to plateau at over 140,000 boe/day”

On timeline, at bottom of page, September 13th:

“17km of Pipeline connecting the New platform and the Zatchi field are laid in three weeks….the oil produced will be sent ACROSS LAND through the pipeline connecting Zatchi and Point Noire”

The Zatchi area is located 40km northeast of Tilapia.

If this is where the land based pipeline goes from towards Point Noire, it starts directly opposite the Nene offshore field, as per the first link figure, so would make some sense - Skittish may confirm.

This land based pipeline could pass reasonably close to Tilapia.

If Eni can lay 17km of pipeline in 3 weeks subsea, they can connect up to Tilapia rapidly for offtake.
scoredagainsteps
Posts: 3,141
Opinion:No Opinion
Price:6.80
Happy
Today 18:19
This one next enjoy
Nig1954
Posts: 14
Opinion:No Opinion
Price:6.80
25p medium term target
Today 17:59
Sadly young Jethro passed away recently so Jed must have been digging on his own. Maybe, that's why it's taking so long to come together
skittish
Posts: 386
Opinion:No Opinion
Price:6.80
RE: 25p medium term target
Today 17:07
For anyone born after 1975 -

https://www.youtube.com/watch?v=YD22a4APsCg
skittish
Posts: 386
Opinion:No Opinion
Price:6.80
RE: 25p medium term target
Today 17:02
That would give us a market capitalisation of a heady £60 million.

Wow - outrageous!

From some of the comments on here you would almost think Jed Clampett had drilled our well.

In fact you would think no one had ever drilled a well before, and DS and co, having discovered oil (that's black gold, to you), were now completely stumped as to how to get it out of the ground.

Hint - oil wells have been drilled before, and they're not.

But he has a plan.
evenstevens
Posts: 396
Opinion:No Opinion
Price:6.95
25p medium term target
Today 16:51
Change of thread name - just for the hell of it!
Drewky
Posts: 7,819
Opinion:Strong Buy
Price:6.80
RE: 5p placing
Today 16:48
Place has been full of it lately sardy and today we attract the antichrist pump and dump king.

All rational honest discussion likely to disappear fast. Don't get suckered either way folks don't be a sheep, do your own research and remember it's not all about getting rich in one day!
Sardypaul
Posts: 2,617
Premium Chat Member
Opinion:No Opinion
Price:6.80
RE: 5p placing
Today 16:39
Yes Drewky one of those I was referring to earlier
Drewky
Posts: 7,819
Opinion:Strong Buy
Price:6.85
RE: 5p placing
Today 16:30
New2trade you stated you sold out the other day now you talk of "US" and then advise Strong Sell in the same post. Me thinks you are extracting the urine and full of bs
bigupajc
Posts: 18
Opinion:No Opinion
Price:6.80
Level 2
Today 16:29
You can sell 150k at 6.7 but only buy 50k at 6.9.

Someone will have accumulated a lot of stock over the last week.
woody2002
Posts: 3,923
Opinion:No Opinion
Price:6.85
RE: Weirdly Positive
Today 16:16
Shares can be issued pending resolutions being passed. Ive seen just recently THR take over 2 companies pending resolutions being accepted by shareholders.
Morningsun
Posts: 868
Opinion:No Opinion
Price:6.85
RE: Majors Interest
Today 16:01
Thanks Skittish,

Trucking is indeed a challenge and not sustainable in the medium term even but short term it IS an option. It's 52 km to the Djeno terminal and one can just avoid the centre of the city. It takes an hour and a half (according to the mapping tool), depending on traffic of course but that just adds extra trucks.

Anyway, it is clear long term more investment is needed, very likely in export facilities given your remarkls about the CORAF refinery.

One would prefer to export anyway as it gives more options then just being dependent on that local rfefinery. Unless a big player steps in and actually builds a proper refinery, pipelines and import/export terminal for all the production in the region and export distillates instead of/as well as crude export/import. But that also depends on the longevity of the fields and the security of the region.

Certainly won't be done by AAOG at any point.

MS
skittish
Posts: 386
Opinion:Strong Buy
Price:6.85
RE: Weirdly Positive
Today 15:23
I doubt if anyone is forward selling placing shares because at present there is no authority to issue shares.

At least not if they want to be in a job after next week.

www.fieldfisher.com/publications/2017/02/forward-selling-of-placing-shares-leads-to-public-censure-and-fine

Anyway, as has already been pointed out, DS had authority to place until recently under last years' resolution, and chose not to do so.
Sardypaul
Posts: 2,617
Premium Chat Member
Opinion:No Opinion
Price:6.85
RE: AAOG
Today 15:17
A few not so subtle deramps there guys, never heard so many alternative scenarios banded about,most having a clear agenda, why not hold your tongue for a while and see what transpires. Buy in or get out but ffs stop these incredibly repetitive ill researched musings !,
SUFCESSEX
Posts: 8,045
Opinion:No Opinion
Price:6.85
AAOG investors remind me of
Today 15:10
Tyson fury

We get hit by a knocked out

But amazing We still get up and carry on fighting our corner :-)
new2trade
Posts: 505
Opinion:Strong Sell
Price:6.85
5p placing
Today 15:04
Hopefully hear news soon about funding. And hopefully not too much dilution , but once it's voted through soon that he can just raise large amounts without vote , then I just hope for investors sake it's above 5pence. He might surprise us , and raise us at a much more acceptable level of 6 p. Time will tell ,
woody2002
Posts: 3,923
Opinion:No Opinion
Price:6.85
RE: Weirdly Positive
Today 14:59
Depends if they are selling placing shares... production and processing equipment is different for Djeno than Mengo, the hint was in the interview imo. I find it difficult to believe all these people are "topping up" despite this.
skittish
Posts: 386
Opinion:No Opinion
Price:6.85
RE: AAOG
Today 14:40
Mick2020 - the original timetable certainly included provision for casing etc

https://ibb.co/J54KMqv

so I assume, as they kept roughly to this timetable (excluding all the delays and difficulties) it was completed.

The last Djeno section may not have been cased (maybe that is part of the problem with the plug?) as from what I understand they encountered very high pressures.

DS appeared to suggest originally (from what I recall reading) that the amount of mud pumped into the well may have damaged the drilled formation to prevent it producing, however he seemed to change his mind when oil came to the surface.




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