Member Info for Loz786

Spudding in about 3 weeks with PR probably picking up soon too (as per Discussion Sefton email). Between now and then we should get the following news I expect:

- rig mobilisation completion
- spud

We should get updates on each zones.

R1+R2 oil shows and then test.
Mengo
Djeno

People are expecting 20 p plus on spud, which is s 30 MC, so let's see. Anything in late teens I am personally expecting.

Gla👍

They have enough money not to raise but Larry has previously said they won't be a raise yet he went ahead and did a raise.
It's more of a confidence in Larry, as opposed to the company actually needing it.
They have enough cash not to raise now but doing it after soudz hence price would be higher and less shares will added to the market.

We have 3 months to drill, so if you believe in Char then add add on the dips.

Nice summary, courtesy of Luckbreak on twitter..

https://twitter.com/Luckbreak37/status/1019859268546322432?s=19

Sounds reasonable to me mate and expect an update sometime next week..

Morning 2010PM,

Absolutely, if anyone is just buying for SL then one should be evaluating why? As, this is not just one of the smaller drills in the program but also the first.
One should be buying with the mindset that this has other drills yet to come and also have larger resource in place.
After SL news, if negative yes it would drop but it'll be limited, as WH I think would be spudding in a month or so after that news imho.

I got my position and waiting now patiently..

Have a good weekend all.

It's a free drill, comes off great, if not, then not fussed as next target is not only much larger but also there are 5 drills will only result in the price being back to where we are currently imho.

Just a waiting game now...

It's great the company has improved their coms and now sooner or later their PR to pick up, as i was told the below earlier in the week:

"We have increased our use of PR over recent weeks, for example with the twitter feed through which we are sharing regular updates. We are also have plans to engage with platforms such as the ones you mention and it is just a matter of finding times when everyone is back from the Congo to get meetings and interviews booked. I think you should see a real uptick in PR activity over the coming weeks."

Buy and hold for a month, ignore the daily fluctuations.

GLA :-)

Banks,

i am happy waiting and i expect us to be closer to 8p come spud, just my opinion.

Exactly, one wouldn't waste their life away on these board, if they didn't think there was good risk/reward here.

Colter next month?

All good, easy hold for a month and should be past mid teens imho

Need few trading days where we finish above 0.7, that'll do us well...
6 drills in the remaining 6 months, can't really complain on that front.
Buy and wait till news and we should be sitting closer to 1p for starters.

It should have s spike once permit granted but funding clarity is required before it makes the real gains imho.
I brought half now and will buy after funding, happy averaging up or down.
Let's see..happy waiting for this to blossom.

One drill every 2 months, can't ask for more, except a bit of a luck on the drill bit, which can be life changing if successful for the investors.

...not long guys.

Let's not forget that the PR would start to kick in too, probably a fortnight before the spud itself.

I am both and both will do well imho

Massive buy that, either they know something or they have are here for more then a single drill :-)

Whoop Whoop!!!

Tbh, he didn't look that special to me when we played Roma in the Champs League or in the World Cup, happy to be proven wrong :-)

Just matter of people buying and holding till spud.
I am ignoring the daily fluctuations in the interim and as previously posted PR should pick up in the next few weeks :-)

Potential divi, if successful too..

http://www.valuethemarkets.com/index.php/2017/12/22/shareholders-put-questions-aaog-exec-chairman-david-sefton/

VTM: Assuming that TLP-103 proves to be successful, could you describe AAOG’s future strategy and any planned dividend structure if the company hits its >1,000bopd production target.
DS: On TLP-103 being a success, which would be the case on either the Mengo or the Djeno being brought in to production, the strategy is to roll out a full field development plan for Tilapia, as well as looking at nearby assets which are complementary and can be brought into production in the near term. In such circumstances, AAOG will look to acquire scale and cashflow on a rapid basis, while maintaining a focus on the Republic of the Congo and keeping all options open as regards the delivery of value to shareholders.

The intentions on dividends have not changed from those set out in the offering circular which is that, should the drilling from the Mengo and/or the Djeno be a success, then the Company would distribute free cash to Shareholders through regular dividends once production reaches a sustained level of 1,000 bopd and if oil prices are not less than US$30. In such circumstances, the level of the dividend will be at least 50 per cent. of net profits (subject to the availability of distributable reserves).

If production reaches 5,000 bopd and also provided that oil prices are not less than US$30, the level of the dividend will be at least 75 per cent. of net profits (subject to the availability of distributable reserves).

Thanks for the feedback...