Member Info for BarkingCrazy

JB has been quoted 25th to Djeno TD which probably relate to completely through.

I suspect the reduced rate period has expired by now the magneto problem was some time ago

It's not the drill company that owes us.

Seems to be an endless supply of shares available below placing price which seems odd.
On another note i take it the money owed by our 46% partner has now increased to approx 13mill. As I can't seeing them ever coughing up cash I guess we will take 100% revenue until all paid back. Doesn't help the dilution thats occurred though

Wishful thinking I suspect although the man who tells porkies needs to pull something out of the hat PDQ. I bet hes pleased theres not an AGM due as I reckon he would need protection

Spike its not just to complete drilling. They will flow test and put into product through which layer is best. That many weeks work so costs soon mount up.

It's 60 million and a good proportion of those have been sold in last two days, hence high volumes.

On a positive we now have enough money to complete 103C drill all the way down to Djeno and Vanji plus flow tests and put well into production. Lets hope Djeno comes in so BOPD will be significantly higher and then further funds can be raised for 104 at a much higher price.
On the negative Sefton has lost alot of already damaged credibility. His previous statements of small raise and at a much higher price have turn out to be total BowLocks.

RNS out

Don't be shy FiveJ

So 2 options here
1/ No placing
2/ Placing
If 1 put out a statement to deny all rumours to that effect
If 2, what the hell is the hold up to close the book. It's only £2 -£4 mill. Thats petty cash in the oil industry. My neighbour is in the construction industry and he often gets a facility for amounts greater than this. The discount that has been available to forward sell at over the last few days as averaged out to be a right good earner so i just can't see what the holdup is.
This situation is just intolerable, lies, rumours and manipulation is turning this company into a joke when in reality we have the opportunity to be something really quite special. It's just totally unacceptable to, within a week, have DS do one interview literally looking like hes going to wet himself with excitement to a second where his body language looked more like his pet dog had been kidnapped and was being held to ransom.
I personally believe the reason is he saw the SP falling and knew he was going to raise capital despite in earlier interviews stating it would be at a higher price.
It's a mess right now and we need it sorted today so we can move on. Get it out the way then get licence news done to start to rebuild the confidence that has been lost.
Djeno will be a little time yet probably 10 - 15 days away so lets get back on track and put this placing mess to bed

Drewky - not looking for a confrontation and I can,t provide a link as you well know. It's an educated guess on the way things have panned out since yesterday morning. It's hard to accept as I'm £35K down on paper since the RNS but I have accepted it as inevitable. Lets just get on with it!!

Other problem we have now since TW let this out the bag is that if they don't hurry up and close the book the SP is going to get to supposed placing price. No ones going to interested in taking part in placing if they can't forward sell at profit. You can see it's still going on at the mo but bid is down to 11 now so not far to go.
TW could have put full placing in jeopardy.

So when the inevitable RNS re placing lands DS had better wrap it up in alot of cotton wool. We need facts on what to use money for, production hopes for 101/102 and when water injection planned for. Just saying we raised £X mill @ 10p for ongoing cost will not be good enough.
I have to say DS does seem to be a bit lacking when it comes to getting a good deal on raising funds.

Judging by SP action a 12p placing wouldn't surprise me.

Question wasn't asked so didn't need to confirm or deny. Iwish it would just be cleared up. If it's true then thats one big kick in the gonads.

https://www.proactiveinvestors.co.uk/companies/stocktube/11712/anglo-african-oil--gas-confirms-multiple-discoveries-in-tlp-103-well-11712.html

yep he is on holiday but where is TipTop

100k &50K Sells holding this back at the mo

Whens the result of OO due.