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"Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that its Executive Chairman, David Sefton, will be presenting at the Oil Capital Conference on 31 January 2019 at 11:30am. The Conference will be held at The Brewery, 52 Chiswell Street, London, EC1Y 4SD. For more information and to register attendance for the event, please visit: http://www.oilcapital.com/conferences."Can somebody please ask him when the next placing is due at the conference?...I´m guessing on past form 2 days after the conference.https://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/oil-capital-conference-presentation/201901291500014429O/
Is it sinking in yet ?
When PIs finally realise that there has been no oil produced yet at Djeno and won´t be until a new drill is funded and drilled, they may lose interest here quite quickly. Be careful and ignore the rampers. Back to 10p is definitely a possibility short term in my view.
Flippers getting out while the going is good I think.
Babbler2, the PIs listening to that sort of post are going to lose money. It doesn´t mention how much oil could flow, if any. It will take more time and money before they drill TLP-104 to find out and before that they already say they will now concentrate on R1/R2 and Mengo....Read the RNS.
The spike in the SP is totally unjustified.
Yes it did Maltloaf, but if Brockham doesn´t free flow, they will need to pump the oil out and the rod pump that was mentioned in planning was smaller capacity than Ukog´s. So, they can only pump up to the max. capacity of the pump (<400 bopd IMO). This is I believe is what is going to happen now, Brockham if it flows will only produce a few 100 bopd.
Can´t really advise a support level with convertible loan into shares coming soon but 6.3p was pretty solid for a while.
Don´t forget the CLNs from YA too.
"Angus Energy Plc (AIM:ANGS), a leading UK conventional oil and gas production and development company, announces that its Managing Director Paul Vonk has resigned from office with immediate effect. Following his resignation, the Company has today appointed George Lucan to the Board as interim Managing Director. Accordingly, the Company has received letters of withdrawal of the Requisition Request initially received on the 9 January 2019. The Company has also, in conjunction with these Board changes, appointed Beaumont Cornish Limited as the Company's Nominated Adviser and W.H. Ireland Limited as Broker with immediate effect."
"As regards the Company's ongoing investigation into the events surrounding Jonathan Tidswell-Pretorius' share dealing and resignation from the Board as announced on 6 July 2018, the Board has been pursuing its investigation with the Company's legal advisers and expects to draw this to a conclusion shortly."
Today´s news seems to have been only traded by a few PIs. Sometimes it takes a few days for the institutional investors to take notice and buy in after doing their due diligence. A $58m order over 7 years on a company with a £73m MCap. Of course, that is revenue, not profit - over $8m guaranteed for the next 7 years. Not bad really.
Looks like the BOD are seriously considering an increased offer of 55p
"At the request of Ophir, the Takeover Panel has consented to an extension of the deadline for Medco Global to either announce a firm intention to make an offer for Ophir or announce that it does not intend to make an offer for Ophir, until 5.00 pm on 31 January 2019. The parties are in advanced negotiations with a view to agreeing a recommended transaction at 55 pence per Ophir ordinary share in cash."
If there was good news on Djeno, I strongly believe that they would have released it by now. Perhaps they are still trying with the drill going further or changing direction as a last resort?
Well, it is a bit confusing, it could well be that the $7 million subscriptions are issued in worst case at "90% of the average of five consecutive daily VWAPs chosen by Lind during the 20 trading days prior to the issue of Ordinary Shares"
It´s major dilution of the shares whichever way you look at it.
It´s a $750,000 initial CLN deal over 24 months. Looks like the up to $7 million is for issue of shares at market price with monthly subscriptions by Lind from $100,000 to $300,000 in the same 24 months. Could be significant dilution of the shares I´m afraid.
"The terms of the Agreement expressly allow Rainbow to undertake additional financing (if required) and Rainbow has the right to pause or terminate the Agreement at either no or minimal cost. As Rainbow's production profile is anticipated to increase during the course of 2019, the Agreement provides maximum flexibility to cater for a range of requirements depending on the timing of production delivered by new mining areas.
The structure of the Agreement allows Rainbow to issue Ordinary Shares at prices that are linked to prices prevailing at the time, potentially at premiums to the current share price, minimising dilution for existing shareholders. The price at which Ordinary Shares will be issued is 90% of the average of five consecutive daily VWAPs chosen by Lind during the 20 trading days prior to the issue of Ordinary Shares."
https://www.investegate.co.uk/rainbow-rare-earths--rbw-/rns/funding-agreement-for-up-to-usd7-75-million/201901280700051997O/
The deal was to protect employees and pension funds too, without some takeover deal it would have been broken up and sold off in auction. Hosking Partners are clearly furious they have lost millions having 19.1% of the stock and so want to get their boot in.
No production rates yet mentioned. SP seems to be pricing in low figures??
https://www.investegate.co.uk/highlands-naturalres--hnr-/rns/gas-sales-commence-at-east-denver-project/201901280700062022O/
Gas Sales Commence at East Denver Project
"Highlands, the London-listed natural resources company, is pleased to announce that gas sales from all eight wells at the East Denver project have commenced, following completion of the gas pipeline.
This will add to the robust oil revenue Highlands is already receiving from the eight producing wells at the project. Highlands holds a 7.5% interest in each well on the acreage.
The Directors look forward to updating the public about the Initial Production rates in due course."
Kromek Awarded $58m Medical Imaging Contract over 7 year period. That should lift the SP surely.
https://www.investegate.co.uk/kromek-group-plc--kmk-/rns/kromek-awarded--58m-medical-imaging-contract/201901280700062050O/
It might seem that way to you as you obviously see me as someone who sits near windows with his tongue out perhaps? I call all shares as I see them. Don´t trust what the BOD say might happen, they are all going to ramp the stock while they need cash. Some are more blatant than others...Vonk was clearly ramping his socks off in the video I posted earlier. Let´s have an update, no update now after nitrogen lifting is taking place is a red flag IMO.
Nianjabi, I´ve been posting here for months. Initially I was positive but now after recent news of the boardroom infighting, more CLNs issued before the Brockham result, you have to wonder about the BOD in charge of your investment here. Are they really worthy of looking after your hard earned? If they hit commercial oil at Brockham, it will be down to luck, not skill IMO.
Not deramping, just scattering petals around for those to wake up and see the bigger picture maybe?
Odds of a great result are diminishing fast here IMO what with all the time they have had.