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All well I hope.  Thank you for your email.

 

We will be issuing a full year review and outlook statement in due course.  Please do let me know if you have further questions once you have had a chance to review this report.

 

Regards,

 

Tom Cooper

Director

Got all excited that i was going to get all my money back with all the talk this morning.. Now we are talking 1p .That would still equate to 50% loss for me. My ticker won't be able to take all this hype.

You have more chance of profit than a lot of us in here. My average is .019 so long way to go yet. Excitement over for now I guess. My shares remain the the bottom drawer until this this plays out and it will. A matter of time before it concludes. I'm sure AST do not feel like they are flogging a dead horse yet. GLA hold and give it a little more time. Things will happen one way or another.

Finally we have ourselves a company going places and moving fast. Mark Slade will turn this into a multi million pound company then sell. My opinion. Well done to the team. My original vision for investing in as previously known "Proxama" could actually come true. Live long and prosper LSAI.

Funny you should say that. I have been thinking it for sometime. In other words The higher the SP the lower percentage SNPC would need to forfeit. Makes cents to conclude the percentage transfer prior releasing the brakes on news and SP.

Great stuff Tiptop. What i wanted to hear. My company called be to let me know they underpaid me 1k by mistake. That is going straight into a top up Monday morning if it stays where it is or less long enough.

Just how many companies would scramble to buy any organisation with a return of investment in 1 year. One hell of a good deal in anyones books. Top up till it happens i would say.

As crude oil is a mixture of all sorts of hydrocarbons, it doesn't have a single molecular weight. API gravity is just a measure of the of the relative density of the fluid.
°API = (141.5/ Fluid SG) - 131.5
So a API 43 crude will have an SG of 141.5/(43 + 131.5) = 0.81.
So it's a pretty light crude oil, so I'd guess quite a lot C4- C10, not much waxes.
How good is this in oil terms ?

Some forward momentum. Leaky leaky me thinks.

DS has gone from bring very vocal to a distinct silence. I think just maybe there may be an ayre of quietly confident as he prepares to deliver an explosive RNS. Correct timing for the next news following may also play a part. As each day passes the news bottle necks and draws closer. No need for obscenities no mattwr how frustrated some can be.

That we do Drewky. Especially me. I also know whenever i have something bad happen, i have something even better follow behind it. I can tell you this, i am due a very good thing. Lets see.

Qe all believe that this is going to come good. Therefore why don't we all change tactic, help them along, de-ramp the living daylights out of it, top up when it drops to lower our average. Then when the news flow does start, we make a bigger killing like Kilkenny. Sounds like a plan....

How on earth does he make wide go up 60% without oil discovery and we linger at a level that is lover than pre discovery. All a bit weird to me. I feel that there is somrthing we should know that all the sellers have got wind of already.

But the effort noticeably stops short of cutting Iran’s exports to “zero,” as top U.S. officials repeatedly discussed last year. “Zeroing out could prove difficult” one source with knowledge of the deliberations told Reuters. The source added that a Brent price of $65 was “the high end of Trump’s crude price comfort zone.” Brent topped $68 per barrel during midday trading on Thursday.

President Trump hates high gasoline prices more than he hates the Iranian regime. The U.S. backtracked on its bellicose position last year when Brent surged above $80 per barrel just ahead of the implementation of sanctions. It’s doubtful that this time would be any different. Cutting Iran’s oil exports to 1 mb/d is a much more attainable goal than zero.

Importantly, the U.S. won’t have the help of Saudi Arabia this time around. Riyadh ramped up oil production to 11 mb/d last year, adding more than 1 mb/d in new supply in the months leading up to sanctions. When the U.S. backtracked, prices crashed because the market was suddenly not as tight as everyone had expected.

Having been burned by Trump, the Saudis are unlikely to be as amenable to his demands for more production. “The way that the Saudis were misled by the U.S. president concerning Iran sanctions is something that they can still taste,” Ed Morse, head of commodities research at Citigroup, told Bloomberg. The difference the tone coming out of Riyadh between 2018 and 2019 is stark. Last year, the Saudis tried to soothe the market, repeatedly reassuring everyone on adequate supply. They, along with their partners, abandoned their production cuts to avoid price spikes

Egreed Effugium. At least they should post where the person can respond to them. No BLLs

Tiptop. I think you have a great fan over on Twitter going as Im The Parrot. I guess another keyboard warrior.

Like the buses. Takes ages when you want them, then they arrive all at once. Come on the buses

Reminder of where we was as opposed to where we be
Anglo African Oil & Gas PLC
Admission to AIM and First Day of Dealings
Pinterest
MARCH 6, 2017Source: RNS
RNS Number : 5462Y
Anglo African Oil & Gas PLC

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO



ANGLO AFRICAN OIL & GAS PLC

Anglo African Oil & Gas Plc is pleased to announce the admission today of its ordinary shares to trading on the AIM Market of the London Stock Exchange ('Admission'). This follows the oversubscribed placing of 50,000,000 Ordinary Shares at a price of 20 pence per share, giving the Company a market capitalisation of approximately £10.6 million on Admission. The funds raised will be used to finance the acquisition of a 56% stake in the producing Tilapia oil field ('Tilapia') in the Republic of Congo and a multi-well, near term drilling programme targeting a major increase in production. Dealings in the ordinary shares will commence at 8.00a.m. under the ticker "AAOG.L" (ISIN: GB00BD0Q3L08). finnCap is acting as Nominated Adviser and Joint Broker to the Company alongside Throgmorton Street Capital.



Highlights

· Tilapia is a producing field with near-term development and exploration potential:

o Current production of 38 bopd from one near surface interval;

o Undeveloped discovery in the lower Mengo sands with gross contingent resources of 8.1m barrels

o Deeper exploration prospect with gross prospective resources of 58.4m barrels in the productive Djeno interval from which the adjacent Minsala field produces

· Development/workover programme to commence in March 2017 with the following initiatives to be conducted over just 12 months:

o Workover of two existing wells intended to rapidly increase production to c. 185 - 250 bopd which would see AAOG achieve operating breakeven at $48

o A new multi-horizon well, targeting production from the R1, R2 sands and the Mengo discovery, which is expected to see production increase to 750 bopd - the well will also test the Djeno sands, which if successful would be transformational for AAOG

o A fourth well in H2 2017 targeting Djeno could see net daily production increase to around 5,300 bopd

· Excluding Djeno, AAOG would still be highly profitable producing around 750 bopd from the R1, R2 and Mengo

· Tilapia is located close to multiple 1 billion barrel fields including the ENI operated Litchendjili field; and the 5,000 bopd Minsala Marine field

· Management's remuneration aligned with the success of the drilling programme:

o An option package is in place based on ambitious product

I guess we should count our lucky stars that we have not been caught up in the carnage with them poor blighters. I know and have tasted the experience. Not nice at all.

My prediction of an RNS this week is running out. Best i start polishing my crystal ball for a second look.