Member Info for Drewky

Sooner the better Degsy, I think potential of news keeps people excited

But dear old Jonah bought back in CP did you miss it? 500k I believe - 12th Feb "not sure what happened but bought 500k share @1.40 GLA"

When it gets to 2p he'll jump again "share price target 2+p wiithin 6 weeks and you heard it here first"

Rinse repeat Jonah? :0)) Kind of like you because you don't hide it!

And that suits me just fine E_AL I prefer to know what is happening and when, but I feel if we know that nothing will happen for X? weeks or months then the people will bail and come back nearer the time, that's why I think we may see a bit of slippage meantime.

I still say strong buy as the medium term prospects here or top dollar imo

Well that's very true woody but he did intimate there was something interesting on the horizon in a previous interview and he wouldn't give any details.

He seems to have gone quiet on that one but with our success, if it was close by, then no doubt the price would have jumped.

It can be worth grabbing an acquisition if the prices right even if there is no intent to drill for a year or two, so I would keep an open mind on that, and I wouldn't think it a bad thing tbh

I wish DS hadn't responded to the question about next news. He more or less said there won't be any for a few weeks.

Seems to me that next news is likely to be another payment & details on further payment schedule (Mid March) then equipment arrival beginning of April unless the licence pops up mean time which I don't see until a repayment schedule has been at least agreed.

I'm a strong buy to hold but there may or may not be a bit of slippage before the next news comes

It was said we have enough funds to bring this to production and there would be no need to fund raise unless an acquisition appeared.

With $1m /month expected from May onwards & the now $10m coming in the short term proposal from SNPC I think there will be enough funding available to carry out 104

As DS said people need to knock the funding issue on the head! He can't say it in a clearer way. It won't be required in his opinion.

"The production plan developed provides for a dual completion from both R2 and the Mengo, with a one-off frack being used to bring the latter horizon into production. Schlumberger fracking equipment is due to arrive in the Congo at the beginning of April and the Well will be brought into production immediately following fracking, around the end of April 2019"

Plus 1 woody. Far too many people on aim haven't got a clue about engineering and run scared if the kettle doesn't boil within its scheduled three minutes.

A month at the sharp end on and industry site might wake a few up!

Should've gone to Specsavers

The problem with that thought Tiburn is that there are only 5/6 weeks to April. By time you have selected contracted and get equipment to site from another company, how many days would you save?

Another plus is that it's from schlumberger. We've just experienced delays through an unsuitable rig so it's worth waiting a few days for proper equipment in my view

I just look at some of the stablemates in (ShareProphets) and their behaviour recently before & after his first interview with DS. Big assault re-placing which forced DS to take a lower price. First attack was on the management. Prompted a.n.other to shout "selling dont trust them" the day he went on and published a Malcy report which followed the incorrect twitter management snipe from Malcy the night before. He backtracked when challenged but still with the knife in. Always first line of attack from those shorting to try and discredit management.

I've lost trust in quite a few over their behaviour on this and it's opened my eyes to some other unscrupulous pump & dumps going on other shares. You live and learn

Pure vanity Pete! He promised it to the people as it was the countries founding fathers ambition.

He has been advised by all sorts of bodies that it will not be reliable and tbh the gas find ought to have changed his thoughts. I reckon the founding father himself might have felt different had he the current resources at his disposal, so yes this dam does seem to be blindly defying logic.

Yes definitely imo opinion he has been very negative

I take your point Eggy, it is annoying to watch them pay for the lottery ticket after the numbers come up but nonetheless it is still win, win, here for us.

DS is seeking clarification of ability to fund ongoing works as he said recently so hopefull that won't be a future issue. I suspect this is being negotiationed into the licence they are seeking to agree.

Perhaps you should try highlighting positive news items as well as negative opinionated speculation then hammy. I'll also take negative factual news but speculation is worthless, it is facts that most decent investors are interested in.

Perhaps if we saw a more balanced view from you we wouldn't then get the wrong impression.

Wouldn't trust

Any time dick and Harry can write an article for them. A few scallywags littered in their list I see. Just another pinch of salt article that suits your agenda hammy. "Rhe writers are not paid to reach any conclusion but will just give their honest view of whether a share is expensive or cheap. Keen to maintain high standards an editorial committee will accept applications from new writers only if they can demonstrate ability and integrity and years of market experience. 

Writers can write about shares they own but must declare their holding or trade within 72 hours of publishing a report. Our team of writers includes Steve Moore, Lucian Miers, Robert Sutherland Smith, Brokerman Dan, Tom Winnifrith, Aubrey Brocklebank, Doc Holliday and Alpesh Patel. At least three I would trust with a barge pole

I can see the logic in that Docit and in that regard me too and clearly DS felt the same but as he said if we get the $10m that's also good too :0))

AS DS says they (SNPC) have their own production engineers on the inside who are just as excited as our own staff about what this will produce.

Is it any wonder they want to pay over the cash!

through next week "DS"

https://www.proactiveinvestors.co.uk/mediaFiles/stocktubeDetails/12267/anglo-african-oil--gas-gets-cash-boost-as-snpc-pays-us660000-for-recent-drilling-12267.html