The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I would like 50p now. I would then be quite happy to wait until the new financial year begins on the 6th April before deciding what to do.
The fundamentals that we have in place for a small cap oil and gas exploration/production company with a 24 million cap are quite rare. Silverlight, Your positivity is most welcome.
Silverlight, Fair comment, For an individual that claims to hold 500,000 shares. BarkingC espouses nothing but negativity. Very strange stance for a supposed holder of a large volume of shares.
Looking forward to all the positive newsflow that should be with us very very shortly. The Share Price should then start to reflect what we have. Lots of oil, revenue,profit,cash in the bank as well as repayment of the $ 9.5 m owed. Licence will be issued by the government in due course. Not forgetting that the government own our Partners SNPC. Our market Cap is 24 million. 88E despite another duster,no oil,no revenue and no immediate prospects have a market cap of 60 million. The market will correct itself in our favour very shortly.
Barking Crazy, Fair comment
Do you honestly think that the government who own SPNC would not issue themselves ( SNPC/AAOG ) a licence to produce.
Morgan Stanley, Excellent and very informative post. Barking Crazy, You really do blow hot and cold. Would I be correct in assuming you have sold up and perhaps are looking for a lower entry price. Notwithstanding the above we are certainly way way undervalued at our current SP/market cap and I would certainly agree with Morgan Stanleys assessment that a fair current valuation of our SP would fall somewhere in the region of 30p.
That's not forgetting the 1500 BOPD production due from next month and the $ 9.5 million due for repayment from SNPC together with the licence extension until circa 2042.
What value to 300 million barrels of confirmed reserves. 10p, 30p Or 50p +
Early March is fast disappearing. We have sat at this level for far too long. Let's get the news flowing and a share price that actually reflects what we have here.
A CPR Confirming a minimum of 300 million barrels of oil would be a very pleasing start to the week.
Won't be long now.
Morgan Stanley Appreciate your comments. Well informed as usual. I would not be too disappointed to be proved wrong in this instance and I do hope your 30p + forecast in the the short term is nearer to the mark than my own 20p + With the fundamentals we have here we are on the cusp of a transformational period.
Sanderson continues to buy up additional acerage. Others are only too glad to sell. Why ? Is there any institutional investment here and will there be another YA Global fund raise disaster. Where are all the usual rampers. ( heid et al ) and the ever faithful Adrian ( aka FOTH ).
The only thing that the CEO has increased since he took over the reins from DL is his salary ( currently 600 k per year )and the number of shares.( 300 million to 6 billion ) Broadford Bridge was an absolute disaster and HH has hardly been transformational. Absolute waste of time investing here. The Share price back in March 2015 was 1.4. Today it is 1.25. No upside only further dilution.
Following on from our excellent result at Djeno and the imminent release of the CPR which will confirm reserves of circa 300 million barrels coupled with an agreement by SNPC to pay back the remaining $ 9.5 million in the short term rather than relinquish any more of their 44% of the Talapia licence ( an endorsement if ever there was one needed ) coupled with production starting next month which will produce 1500 BOPD. DS has continually reiterated that no funds need to be raised in the short term and if and when they are needed alternative and non dilutive sources are available especially in light of the upcoming confirmation of reserves within the CPR. Taking on board all of the above the continued walking down of the SP is somewhat surprising.
Gmcc, Your comments concerning SNPC/issue of licence are spot on. The government would not refuse to issue themselves a licence extension ( SNPC are government owned ). There's so much upside here. Unlike most small cap oilers we actually have oil and plenty of it.
In a months time if not sooner the picture here will look very different. So undervalued it beggars belief.
I am hoping that our Share Price rises in the same trend as RMP ( I have a holding there ) who have hit multiple pay zones with expected reserves of 126 million barrels. The RNS this morning was quite vague but none the less the rise has been 100 percent +. What we have here absolutely dwarfs their find coupled with the fact we will be producing 1500 bopd from next month before moving onto 104 which will produce circa 5000 bopd. RMP have not even flow tested their discovery and are potentially many many months from producing. However their market Cap is nearly 40 million. AAOG is 24 million. Looking forward to transformational news due at anytime.
Momentum by way of a news catalyst will get this moving. Large institutional positions have been taken in anticipation of the imminent newsflow. CPR/Rig mobilisation for production at TLP103 and the licence extension and not forgetting the repayment of the $ 9.5 million by SNPC. This will move very quickly.