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Good effort money and everyone who sent info of their holding (I did). So we have 5% of Amer as of now. Pretty good and if we all vote NO we could definitely make difference. We are at the same level as River and Mercantile Asset Management who have 5% based on yesterday's RNS.
I am sure we can gather another 2-3% from people who didn't respond.
4,500,000 bbl / (365×3)=4110 bbl/day
I like the assumption!
Seriously- angela you brightest investment genius :(((
'If AAOG lose out in its claim via the PCC the sp will reflect it by falling at close on 40%.'
The pearls of wisdom are never ending. But don't bother us with any proof for the above statement Mystic Meg :O.
What a cretin you are!
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'Sarah Cope, currently a Non-Executive Director of the Company, has assumed the role of Interim Non-Executive Chairman and the Company will commence the search for a new Non-Executive Chairman.'
What are they talking about?
I am glad that I was wrong about the RNS impact on share price rise but let's not kid ourselves, while very positive to move from year lows, this is nothing unless it start getting back to 7-10p range. Wish we get there with rig in place and drilling start
This is definitely good news as a first step. Key info is about the rig, they are obviously still negotiating but the rigs are in Congo and November has been penciled in. Is SP gonna move? It should for any normal share, but this is AAOG.
Anyway, I am glad that the comms strategy has clearly changed, no more DS fancy presentations and interviews and more clear and short RNS and things being done
Thanks for some good answers and thinking morning/drewky/gooba. and I agree with your explanations. I just thought at least they could have mentioned the pressure of oil flowing to surface and the amount of oil that flowed out after those 40 odd days - of course not in anyway to represent the real flow rate but at least to give some indication that this is not some few barrels seeping out.
As other mentioned the fact that SNPC are paying regularly (and paying for past commitments) is the big sign for me.
Unlike others I find DS reasonable guy albeit bit clumsy. How many CEOs or directors would so readily admit that they made a mistake re CPR - I respect him for this. Now could all this be ruse of some political and fund raise games happening behind the scenes? Maybe, but he doesn't strike me like that kind of guy and SNPC should know him well by now for him to be able to fool them
why not just say in RNS or in interview there is oil flowing past the plug at this or that rate through this space under this pressure? this is what I find strange. Just issue an RNS with this data and all the assumptions that go with it and say based on this and the CPI study in regards to reservoir we are making production plans
i don't get it. usually you explore find oil and flow test it. there is flow so you start production if you can, have facilities, someone to sell to etc. In AAOG case as Sefton said in the interview they will go back into the well now to bring it into production and...wait..to see what are the flow rates?? this is what i am puzzled about. so to define production plans and to talk about 2000bopd they must have some idea from oil flow and reservoir to be confident to start making production plans. But why not just come out and say it? because there is no oil or it doesn't flow? well why the hell would you make long ter, production plans rather than just trying to test the well? as I said I don't get it
you are wrong on point v) RNS clearly states "the CPR is now scheduled for the second half of May". Thats not to say it could be delayed again but this time I doubt it as there are no potential events to cause this
Thanks very much for sharing gmcc, lots of nods and winks there. The fact that he talks about positive economics of Djeno, topside facilities being able to handle it and that he calls delay in fracking equipment 'relevant' is also interesting as if it is all geared towards early Djeno production
all the best
The H-S
to cut the long story short..its been "fun" being part of HNR ride...trusted in DTU potential..East Denver success,, West Denver development chaos..Helium and Opera chaos..Uranium...Domingo. you name it. Once they initially invested in cannabis it went against my moral principles and I went out. I am against drugs and could not stay invested even though they only supplied nitrogen but I could not support the company that makes money out of it. I also could not believe that lack of focus, no gas or DTU development as previously suggested and that gave me all sorts of signs. I sold out at 10 and 11p before recent rise to 14. I took massive loss as I was owning half a percent of HNR but after recent news and drop was glad to get out.
Lots of decent posters here fadec, dave etc. but I feel that I and they were misled by Robert Price. His last interview in which he desperately repeats words I am confident million times just struck me as very strange and desperate.
Sorry all for this rant..I invested my money in some other oilers that are doing well.
Bye bye and best wishes to all posters here
The H-S
Align Research promised an update yesterday but nothing as of yet..would be interesting to see their take as they reiterated Conviction Buy following Djeno drill hit
Anglo African Oil & Gas (LON:AAOG) – 10p Djeno Promising Recently, the Company reported that its combined exploration and appraisal well had intersected hydrocarbon bearing horizons and logging indicated a 12m oil column. While we continue to have our concerns about the technical content of the board, we also believe that it must be remembered that even for strong exploration targets there is a 1 in 4 chance of success, and of that 1 in 4 success, only 1 in 3 are commercial, so successes are rare and must be celebrated. While there remains the issue of the test program to undertake, across all the horizons intersected by TLP-103C, there has to be oil present in the first place to be able to be in a position to declare commerciality. Anecdotally, we also believe that management’s election to replace the existing rig is the right one, and while this may take a little longer and be a little bit more expensive, it will be better in the long run. In selecting the rig for the TLP-104 well, we would hope that the management team will engage a suitable expert to be able to review and inspect the available equipment as necessary. Now the drilling has been completed, the hard work of unlocking the value needs to start in earnest.
I agree..knowing the terrible history of HNR good and not so bad RNSs and always resulting bad share price they will announce placing tomorrow at 10 p..the other news will also be bad too and share price will tank...so everything will be bad for once...or..will. .it?
are we all going nuts here?? They are giving us and maybe other investors HUGE signs...just read it again
'Highlands in advanced commercial discussions with various parties for full scale commercialization of its technological and natural resource assets'
This is vastly different from the 'tipping point' statement and a massive hint..not to even mention similar statement about Nitrogen.
You can be at a tipping point for months or even years depending on market trends, adaption possibilities or oil price but you can not be in Advanced Commercial discussion with VARIOUS parties for FULL-SCALE commercialization for months and months
I work in Oil & Gas R&D so know a bit how this might work. I say might because of course things can happen to delay or even stop any deal...but the fact that they chose to publish this and change the terminology is a big sign.. All IMHO
Best wishes to all
He emphasized a few times that time is of the essence for Prospect S partnering since well will be spud shortly and that they are talking to number of parties. I could be wrong but I interpret this positively that they are playing negotiation game between these parties in order to get the best deal at the last moment. Even in this call he could be reminding potential partners that the time is running out.
Also liked that he confirmed that the recent cash raise did help their negotiating power - he could have just avoided answering this if the situation was opposite or potential for partnering is small.
All the best