Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
that I called this wrong selling at 10.10p. I still cant bring myself to buy back in especially now that it has gone up another 60%. GLA all holders though.
Just seen the share price, glad to admit I got this wrong for all holders. Sold out at 10.10p recently and even this morning I thought it would have gone down on that RNS.
Well done all holders and stupid me for missing another 50% rise!!! Some you win some you lose.
I was all in then all out, still a big believer in the geology. Made about 70% in last few months so don't feel that I am loosing out by not being in for wireline results. You still have a massive holding so I hope you make a fortune.
Strongman are you still fully invested, I know you got in at a very low price and intended staying in for full drill albeit at reduced holdings as the drill progressed. You gave some excellent share price movement information during those lows which was received and I thank you for that.
The Sefton interview will be interesting. Not sure why he would want to do interview before Mengo news though. The last one certainly gave the share a massive boost so maybe more of the same from this one.
I took profits twice actually since I initially invested a few months back invested if you read through my previous posts,
I am neither ramping or deramping simply giving my own opinion on the RNS. I bottled staying in because of the time it is taking to issue the Mengo results that opinion has not changed. Not trying to get in cheaply before Mengo wireline results as I wont be in for the wireline results. But I hope they come in as fantastic results for all those invested. Still interested in the share but will be after the Mengo results are in. GLA
RNS concerning 101/102 before wireline results?
On the face of it increasing production from just one well is not really what was expected from the workovers of these two wells. Well 102 was a bad of nails anyway and had production problems that can probably not be overcome which is probably why they now intend using it to try stimulate 101. The problem being that this is not guaranteed to work and will cost money. Read the previous workover RNS on workovers. The court is out until the stimulation is proved to work.
The Mengo results is now critical but as I say why the delay then the RNS today saying they are trying to increase production from 101. I would have thought shout Mengo news before this news.
Maybe its nothing to read into but I would expect the share to fall a bit today on this news.
over on twitter the 750k was his sell, so if he is to be believed that clears that one up.
average price 7.6p, so very happy with the return. Intended staying in for Mengo wireline results but bottled it and profit is profit. GLA
at this price is in my own opinion you will regret it. This share is now de-risked. They knew the oil was in Mengo before the drill started and now they have even more than they originally thought.
After the recent negativity surrounding the fund raising and the short selling that followed I guess a lot of peeps are doing what peeps normally do and sell out too early on small profits happy to get their money back only to watch the share price increase daily for another week.
Each to their own but I am not going to sell out cheaply after going through the dark moments now we have the oil.
Not even consider selling any below 17p, look at brokers rating. Hope peeps don't sell out too early. Djeno would explode the sp into orbit.
What a result. They said Mengo would make the company profitable and now they have found 3 additional unknown pay zones as a bonus. With other companies already producing from Djeno you have got to feel confident they will hit that too. Very happy, and well done all those that held.
no news must be bad news. Quite the opposite in my opinion.
Good luck all believers in the geology that has been proved in drill zones R1,2,3 so far and this must surely make the case that we should be confident for the same outcome concerning the geology in Mengo zone and remember this is appraisal not exploration as it has already been proved that oil is there and we can now extract it with today's technology.
Very happy no RNS today. 100% next trading day. fully loaded and strapped in.
smiley face Sefton had when he did the last podcast. Why release good news when only half a day trading when you can have 2 full trading days for peeps to react.
If it were to be bad news they would have had to RNS so for me it's onwards and upwards for a blue finish and look forward to next full trading day.
GLA
guys and gals invested, not on the face of it the news you want to read at anytime especially not xmas eve!
I am sure Zaza will sort this out. He has invested a lot of his own money and had top ups recently from memory.
Games being played out and both sides have reason to agree amicable outcome.
Nomad although a worry will be replaced I feel.
Not invested but will be looking in at how this unfolds.
GLA
rise here today. Cant wait until Monday must be RNS due. Will we hear drum beats on twitter over weekend.
Hope to see strong finish going into the close.
GLA
Good luck renagademaster, welcome to the AIM, do your research and make your decisions based on your own evidence and not necessary based on what you read on these boards is all he advice I can give you.Timing is everything with AIM and its hard to get it right all the time if not impossible. I initially bought in at 9.5p not far off you but I tend to keep some back for averaging down if necessary until I am fully loaded up to my investment limit in any one AIM share.
As we know we cant do anything about unexpected news good or bad, sometimes you win sometimes you lose in these circumstances. However when potential good news is due as in this share you place your bets and hope for the best, based on your own research.
This could bag from this level in the next few weeks if things go our way. Fingers crossed.
most are still waiting on next bit of news. Surprised that peeps are wary of taking a punt on 60% COS drill days away.
When you consider how low most COS actually are a 60% one is extremely high, still a big risk but the oil was found here before they just did not have the technology to get it out.
If they hit and wire logs are good BOOM.
Have just under £20k invested, average now 7.5p so strapped in waiting for RNS that will hopefully land in our favour.
GLA
3 in 1 oil.
This well is targeting three separate reservoir horizons with a range of risk/reward – low risk appraisal of 2mbbls of producing reserves in the R1/R2 sands (6.3p/sh), appraisal of an 8-24mmbbl undeveloped discovery in the Mengo sands potentially worth 18-45p/sh on a risked basis, and a deeper exploration prospect in the Djeno sands, assigned gross prospective oil resources of 16-42mmbbls. This final target carries higher risk (25% CoS) but also higher reward. Our risked valuation range for the Djeno of 16-39p/sh rises to 69-159p/sh when fully de-risked. Significant dividend potential. Our risked NAV for the ‘Best’ resource case from all three of these horizons is 41p/sh (106p/sh unrisked). In the ‘High’ resource case this rises to 90p/sh (241p/sh unrisked). Moreover, success with either the Mengo or Djeno sands would be expected to result in meaningful earnings and cash generation and open up the prospect of a significant dividend stream; management has committed to distributing between 50-75% of net profits after necessary capex.
For all genuine holders it is worth remembering that we are funding the entire cost of this drill as our partner is paying nothing. However the flip side being that AAOG will be entitled to a bigger share of revenue to recoup these costs going forward.
Pre drill prospectus stated:
"Moreover, the recent $10m placing means AAOG can fund 100% of the well cost if state-owned SNPC does not pay its share. Any additional partner cost incurred can then be clawed back from future production under the PSC contract terms."
How can you say vague RNS. It could not be more clear. They have found hydrocarbons in line with geographical model. So go read the prospectus for this drill then you may understand how much oil they think they have found prior to wire line. Also who do you think passed the motion to raise funds us mere PI's, I think you will find that the institutional investors in AAOG gave a thumbs up because they are not day traders and they can see the bigger prise.