Member Info for JohnHenry

How many more million IPO shares are there to be sold, selling is relentless.

No one is buying as peeps are waiting for confirmation the overhang since listing has cleared.

Buys at Mid or slightly under.

Fully valued imho with a projected EPS of 2.4p for 2020

PE 20 implies a forward SP of 48p

TIPTOP, until we know the plans for 103C we dont know if further funds are needed. Are they simply going to use a work over rig to drill out the concrete plug and clean up the 14Metres section of the Djeno formation or are they planning on drilling further into the Djeno which would require a new rig etc ???????

Would appear they are going to get the Djeno into production as cheap as possible.
2000 Bopd, looks like they will just need a workover rig.

https://www.proactiveinvestors.co.uk/companies/stocktube/13759/anglo-african-oil--gas-approaching-key-milestones-at-tilapia-13759.html

Hopefully the BR note can put a floor under the SP, a falling knife since last week.

Marineville how do you propose AAOG pay for any work ????

Shard Broker note, not available to retail. Seems a little pointless as No institutions are invested and likely to invest.

Market and Investors asking the question how they are going to pay for Djeno production. Need to get a rig etc back on site and they have no way of funding.

Uncertainty continues, how are they going to fund bringing 103c into production. My guess is 6p 40% lower than the last placing. Unfortunately LTH will get massively diluted. Sefton keeps banging on about another equity raise would be his last choice. well hes got no other choice. i think we will end up with around 400M shares in issue. Came to market a little over two years ago cash up for drilling with 50M shares. a complete mis managed CF.

They may have a plan but at present they dont have the funds to complete.

TipTop, question where are the funds coming from to get 103C into production from the Djeno.

AAOG/ Sefton, really has become a lesson on how to completely F things up, communication has been a shambles and LTH will pay the price.

If they are going for the DJENO any Fund raise now is likely to be around 6-7p. all time lows and massive dilution.

However im guessing its whats triggered the selling this afternoon.

The post has been removed soo im guessing its BS. Probably the same peep thats posted on the other BB site.

on twitter concerning SMP drilling contractor suing AAOG for unpaid costs.

At present there is far to much uncertainty for the SP to move much higher.

Aimho

dumped around 11:30