Member Info for mcfcnige

Wow..

Well done AK, I don’t recall ever seeing an options package like that before.

As Ed said, it’s usually around or just above the current share price.

This just shows what ambitions AK has in the share price and is setting an example of how it should be done.

Well done sir

Hi SJ,

The share price has done very well over recent weeks, we have more than doubled since Dec.

I am sure once the company has the flow rates, there will be more publicity.

Share prices do not just continually go up, at a certain price there will be a retrace to a certain point before buyer’s return.

It also looks like a lot of stock has been sold over the last few days, so this may need clearing before another move up.

Hi

Thanks Ed,

Great post.

I thought we might have to wait until we know what cash flow we have but just wanted to run it by you to see what you think.

I don’t think AK will want to hang around, I am sure he will want to boost production asap from both current assets and acquisitions, if something looks attractive?

I have been wondering what the drawn down £250000 was for, together with the warrants money?

Would that be for existing commitments, or would have been covered from the funds set aside for the drills

I agree with the stance on debt, it’s comforting to know that we haven’t got deadlines and possible dilution as that has all been taken care off.

Good spot with the links to African banks, maybe the current arrangement is a stop gap until we have established production in place to cover RBL finance costs and more acquisitions?

Whatever happens, AK is very switched on and knows where he wants to take the company and how quickly:-)

Thanks Nige

Thanks Ed,

Great post as always.

Fingers crossed for the new block:-)

At what point do you think they will consider buying existing production?

We will need cash flow or would they consider finance?

Thanks Nige

Thanks Ed

Yeah let’s see.

Let’s not count our chickens yet, I think they left it until the last minute last time.

Fingers crossed :-)

Hopefully we get some other news too? :-)

Thanks Nige

Morning Ed,

Thanks for the explanation.

Clever move by the company, fingers crossed it’s sorted next week.

Thanks Nige

Hi SJ,

I don’t know, that’s why I asked Ed.

I think the issue last time was that they wanted to buy another portion for less than it’s worth?

I could be wrong though?

Battery metals, they own a share of Mambare

Hi Ed,

Hope you are okay

If BMA come back with a offer, how does that affect us?

Thanks Nige

Thanks Ed,

Great post,the company has changed much in a short space of time and the new Chairman does surprise us with news out of nowhere.

Fingers crossed for several pieces of news over the coming weeks

Thanks Nige

Thanks Ed,

Great informative post.

It certainly sounds like there is far more potential from this field than originally thought?

A company of our size has done well to get a project like this.

The coming months are going to be very exciting

Thanks Nige

Thanks Ed,

Great post, I think that’s a reasonable valuation for where we are today.

As you said there could be a resource upgrade, they have hinted at more oil in place than originally thought in the RNS on both drills, so let’s see what the next update says.

Do you think a possible resource upgrade would be announced with the flow tests, or would that be a separate announcement?

Thanks Nige

Morning Ed,

Great post as usual, fingers crossed lots of news to come.

Quick question for you, as an experienced O and G investor,

based on what we have and what we know so far.

What would in your opinion be a fair market cap for where we are today.

In my opinion, our funding is unique to AIM, so surely that should give us some kind of uplift when you compare us to the typical AIM O and G company that depends on placings?

Thanks Nige

Hi Ed,

Hope you had a good weekend.

I was thinking about this over the weekend.

It would be great if we could win a share, that would send a real message to the market that we are a real player in the Angola oil market and would compliment our existing projects.

If we are lucky enough to win a share, surely that would get us to a min of £20 mill market cap before flow test results?

Thanks Nige

You are right Smkr.

Assets in Angola, cash from sale of assets on its way, £10 mill of funding on tap and no placing risk.

Not many AIM shares can say that and the market cap is still only £16 mill :-)

To stop any arguments, let’s just say he meant 3+4.

So a 7p share price target:-) :-) :-)

RL,

There is no need to talk that like to another poster.

It was just confusion of how the post was written in my opinion.

Hi SJ,

I think Bongo means 3-4p on a positive flow test RNS :-)

Not as far fetched as it sounds, market cap would be only around £45 mill at 3p, which is surely achievable if they have more oil in place than originally thought with good flow rates.

Hi Steve,

The new chairman Antoine has brought a whole new approach to the company since he joined.

He and the other directors are aligned to shareholders and dilution is be kept to a minimum.

finance is on hand , so no threat of discounted placings.

The rest of the market, just needs to wake up and look what AK is building here:-)