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Morgan Stanley, I agree with your earlier comments except that we should be trading at circa 25-30p. I am invested in both here and UKOG. Both have excellent potential moving forwards but the SP here is so undervalued in comparison to UKOG. AAOG will be in production in April with a min of 500 BOPD, UKOG will go into production shortly after producing a similar amount. However, their mcap is nearly is 3 to 4 times higher.
The Twitter clowns you refer to won't make any difference whatsoever. This share is only headed one way and that is north
Barn, Spot on.
We are also owed 10 million by SNPC.
Gregpeck, Sensible apology. This will start to move northwards quite rapidly. We were at 16.5p based on mengo alone a couple of weeks ago.
AAOG, What is there not to like here. 5000 BOPD potential with more to come. Everything and more besides to date has been delivered by AAOG. More exposure at this Thursday's oil conference is guaranteed. All for a market cap of 30 Million.
Upward trend has now started. 20p plus shortly.
They are instititutional investors for a reason. This statement implies that you are a day trader who is rightly concerned about daily SP changes. Their agenda and timescales differ from yours.
The SP is currently underpinned by the hydrocarbon shows in Mengo. If this is repeated for Djeno this will be absolutely transformational. SP anywhere between 50 - 100p
Morgan Stanley, You are quite correct as per your headline above. The well is TLP 103. It has 3 zones that are being tested as follows. 2 zones are complete and have oil shows and columns. 1) R1/R2/R3 - Oil Shows. 2) Mango - Oil Shows. The Share price reached 16.5p on Mango result on 04/01/19. SP dropped back to 10p after recent placing at that price. 3) Djeno - Final deepest zone - Awiting results. This well has oil.
Over the past week there have been well in excess of £ 1 Million of very large buys often showing up after hours. Not certain as to the nationality but there's no doubting that the large buys are from an institution that would not be throwing money at this unless they new that there was a very very good chance of success on Djeno.
Consistent huge institional buys over the past week are a very good indicator as to where this is headed. Broker's note issued via RNS last Friday was also a subtle hint that all is well. Looking forward to the arrival of good news.
Anselmo, Good post. I fully agree concerning your comments in relation to getting UKOG off AIM for numerous reasons most of which are glaringly obvious to those genuinely invested here. I can't think of too many tangible reasons stopping the transition off this heavily manipulated market and onto the FTSE 350. It will certainly attract the larger more reputable institutions and less onerous sources of funding if and when needed. I do not wish to see another debacle such the agreement with YA Global back in late 2017. Angus have recently entered into a funding agreement with them and I hope for genuine holders there that this does not prove to be as problematic to their SP as it was here.
What price Monday's open Without news With news
I bought in yesterday and hoping that Djeno is a resounding success which will be transformational for AAOG. The RNS posting the brokers note can be interpreted as either 1) A heads up prior to good news which I am hoping it is. 2)If results for Djeno are positive the SP will take care of itself. Why then feel the need to reiterate this through a brokers note. I want this to fly so I genuinely hoping that the drill has encountered oil shows and good news is on its way.
I've just bought in here today having reviewed the financial report,RNS's and Chart action which has a recent upward trend apart from the temporary reversal for the placing. Certainly a lot of positivity surrounding the board. Where do genuine holders anticipate the SP level will be with the expected positive results on Djeno.
This will start moving northwards. LTH are fully aware of the potential here. Our SP back in July 2018 when the EWT started was 2p + After 25,000 Barrels of oil have been extracted and 3 commercially flowing zones from 1 well ( min 1000 BOPD ). Are we geniunely worth half the value of what we were back in July or as I suspect has the SP been walked down to suit the agenda of third parties. We were not overvalued back in July 2018 so forget using that old chestnut.