Member Info for Early_Bird

"The price of oil broke the $71 marker for the first time in three years on Thursday, buoyed by a falling dollar." https://www.ft.com/content/da43d10e-0180-11e8-9650-9c0ad2d7c5b5

strong as an Ox atm. Can only be good here at these prices Barryroe is hugely economic. 28days have now been since the exclusivity period was granted. I dont think it will be long now until we get the next update.

http://www.valuethemarkets.com/index.php/2018/01/24/anglo-african-oil-gas-radical-shake-board-catalyst-big-things-aaog/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

cash burn over 4 month period will be in the order of �200k-500k. Cash will be around �2.5m at the moment. Not forgetting AAOG paid near �5m for the asset which includes pipeline and infrastructure. This company is not at deaths door like you make out...

currently is in the order of �2.5-3million so I think that saying AAOG has no cash is a mindless deramp to be blunt. Lets at least have balanced discussion here. Yes they may need to raise if SNCP dont front their % of drilling costs (probably more likely than not) but AAOG have a fairly solid amount of cash at the moment. new management can be seen as a positive - its what shareholders have been shouting about here.

"James Berwick is very well placed to build this company, and together with the overall changes to the board his appointment is part of a total reset of how the company is run to avoid repeating the mistakes of last year. I also think getting people on the board of this calibre is a serious vote of confidence in the asset. With Brian Moritz unlikely to remain too much longer (he only ever intended to remain on for a year and I suspect will leave over the coming months) there is very little marginal effect on cash burn, but a significant increase in quality."

I Like his CV. AAOG now has a CEO... was certainly lacking before. James served in the French foreign legion for 12 years so I wonder if they are now going the interrogation route to secure this permit extension though waterboarding some govt officals. Jokes aside pros and cons, cash burn has now obv increased through these new additions. Agree would be nice to see some hands in pockets here at this stage however I think we are in a closed period.

launching structured farm-out process. Great to see them proactive, again I see value here, big value. Valued well under cash atm yet huge prospectivity in a basin that has 3 majors drilling this year when oil price is flying

nearing 12p breakout zone

Sorry to hear about that. Will see if I can get hold of Peter to see if we can get some more meat on the bones here and report back. I think everyone knows a CPR is prospective oil and not proven. Fact is many AIM companies price far more in for CPRs that are not near the same realm. Yes COS was low but this is 2d. SDX 2d for their south disouq was 15% from memory then 3d more than doubled it.... Farm in to carry 3d and drill here is the next step.

#GBP vs #BPC interesting comparisson. One is valued at cash (0 EV) with 3.66billion CPR. The other valued EV �13m with 1.3 to 3billion CPR. Disappointing market reaction today. Not selling this at cash, intend on having a good chat with Peter on his plans going forward.

Dips in SP getting nicely bought up. Breakout imminent as pressure builds. Be nice to see 12p get taken out early part of this week.

Valued little over cash here. Still holding vast majority of my shares here. 3.66billion barrels prospective in for free at the moment

Where did all the cash go??

Valued at just 10% over cash with 3.66 billion barrels prospective oil... Opportunity

Wow. 3.66 billion barrels of oil with Gemsbok being over 1billion barrels alone. MC here 6.5m with over 5m cash. No debt. Todays bagger anyone?

Druid/Drombeg is a totally different kettle of fish to Barryroe, its worth a fraction of barryroe on a risked basis as its an exploration drill with less than a 20% chance of success.... Barryroe is a proven success. Therein lies my whole point here.

"Huge selling pressure by institutions" perhaps a tad over the top, no? One is reducing their holding but the price has lifted from 6p to where we are now with relative ease and consolidated nicely here. Nothing moves in a straight line. 280mmbol is currently valued here at 11p a barrel, thats just ludicrosely low even for P50 let alone 2C... All that needs to happen here is market to start pricing in even a fraction of Barryroe happening. To me if the farm in carries PVR to production of Barryroe then it can immediately price these barrels back $3-5/bl. Again there isnt really argument here in my mind... I can do you many comparissons if you wish. I mean I hold JOG as think thats a good value share but when you crunch the numbers and cross compare with the numbers of barryroe then there is a silly disconnect. I appreciate it will take time and we need that farm in RNS and assess the terms on it. Of course all this still forgetting future cash flows from the recent Total 35% Farm-in option and 195 MMBOE 2C Spanish point Farm-in potential.

Been beating this drum here from 6.9p & still buying up to 12p. Averaging up on clear value disconnect. 280mmbol of NET 2c oil flows commercial rates. �35m in cash no debt for �65mcap. Can fund net interest in appraisal & sidetrack without farm in however a carried multi well drilling Farm in to conclude shortly which is the much preferred option to carry the asset forward as shareholders are totally derisked yet exposed to serious upside. PVR was valued �500m+ back when the market thought Barryroe was going to be developed. 5 years on, now it finally looks like it is about to be developed you can get it for an EV of..... �30m... I see serious value here underpinned by current oil price.

Closed above the 50 day moving average on Friday for the first time since mid September. Sign that the worm if finally starting to turn here.