Member Info for MickR

Flying in Tel Aviv.

38.50 live price

https://uk.investing.com/equities/matomy-media-group-ltd

Will not be under 10p for long and back to 20p plus on Monday when BH's agree.

IMO DYOR

Boooooommmm

It is terrible for holders to be locked into a share like FRR. I hope it comes good and a new NOMAD is appointed soon. I wonder if BP and or BH will walk away due to the mess? Majors do not like getting into bed with messy partners and Zaza better clean this one up or else it is curtains.

I dodged a similar bullet at BZM which has now been put into insolvency despite having massive resources.

The trolls are out in full force...Looking forward to blue ahead...

Seeing that the market has not put any value to TLP 101, every little helps!

I bet plenty sold out yesterday hoping for a cheaper re-entry but I do not think you will get sub 12 any more.

I tried to be a smart a@@ and traded a few of my holdings only to end up losing 9% if my total holding...not doing that anymore and content to sit on my hands and let the SP re-rate on its own steam.

400 BOPD, assuming a price of $50 dollars per barrel and costs of say $5 per barrel equals annual revenue of approx. $6.5m just from TLP 101.

This has all the hallmarks of being a hundred million dollar market cap company in the making.

WOW-This is getting better and better....

3 January 2019

ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')



UPDATE ON WELLS TLP-101 and TLP-102



Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to provide the following update on wells TLP-101 and TLP-102 at the Company's Tilapia field in the Republic of Congo.



On commencing drilling of TLP-103, TLP-101, which was producing around 30 bopd at the time, was taken offline due to the proximity of the flare to the drilling apparatus. The Company has now upgraded and relocated the flare to enable production from TLP-101 to continue during drilling. TLP-101 has been brought back into production and has now produced an average of 55 bopd during a two week test period.



During the downtime, the Company engaged a specialist reservoir engineering company to conduct a full review of wells TLP-101 and TLP-102 which followed on from the stimulation exercise performed on well TLP-102, successfully conducted earlier in 2018. The results of these studies have shown connectivity between the two wells. Due to this connectivity the reservoir engineering company has recommended using TLP-102 as a water injector to enhance production from TLP-101.



Studies of this strategy by both the Company and the specialist reservoir engineering company predict that using a water injection system could lead to a rise in production from TLP-101 to up to 400 bopd. The Company is now obtaining estimates for the cost of this work and assessing the commercial viability of this project.



AAOG Executive Chairman, David Sefton, said: "While the recent focus of news from the Company has rightly been on TLP-103C and the very successful drilling campaign, we have also been working methodically on the other two wells at the Tilapia site. TLP-101 being taken offline for a while provided a perfect opportunity to run tests that would not ordinarily have been possible. Following these tests, TLP-101 has been successfully brought back on line and at rates of production which are materially more than those at which that well has produced over recent years.



"However, the very interesting result of the testing and the excellent work by the reservoir engineering company has been to come up with several interesting and innovative ideas which have the potential to make TLP-101 produce at levels that would generate significant income for the Company."

“Well logs of today use Computer-Generated Logs to immediately interpret information gathered while drilling. In addition to keeping measurements, these sophisticated logs can notify drillers of a potential hazard and transmit data via satellite to computers offsite.”

My money is on log results tomorrow as they will be known immediately.

The above info is derived from https://www.rigzone.com/training/insight.asp?insight_id=298&c_id=

A guy/ trader on Twitter saying he has sold 2.6m shares recently including the 750,000 the other day.

Bodes well that the market has absorbed the sells and still risen. Brakes off now when log results come in.

Exciting few days and weeks coming up. We are already 100% up from the 6s seen before R news came in.

Too risky for me as we do not know the fate of the Fortuna licence.

Hope people do not get spiked! Looks like quite a few holders waiting to exit on a spike.

RNS out:

RNS Number : 8663L

Ophir Energy Plc

01 January 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN FOR THE PURPOSES OF MAR.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE OR

AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE

For immediate release 31 December 2018

Ophir Energy plc

Statement regarding the potential acquisition of Ophir Energy plc ("Ophir") by PT Medco Energi Global PTE Ltd ("Medco") (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk).

Further to the share price movement in Ophir, the Boards of Ophir and Medco confirm they are in discussions about a possible cash offer to be made by Medco for the entire issued and to be issued share capital of Ophir.

This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any offer will be made, or as to the terms on which any offer might be made. A further announcement will be made as and when appropriate.

For the purposes of Rule 2.4(c) of the Code, in accordance with Rule 2.6(a) of the Code, Ophir announces that, by not later than 5.00 pm on 28 January 2019 (the "Deadline"), Medco must either announce a firm intention to make an offer for Ophir under Rule 2.7 of the Code or announce that it does not intend to make an offer for Ophir, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The Deadline will not apply in circumstances where either: (a) it has been either extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code; or (b) Rule 2.6(b) of the Code applies, by virtue of a firm intention to make an offer for Ophir having been announced by another offeror prior to the Deadline.

This announcement has been made with the consent of Medco.

27 December 2018 ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company') Positive Operational Update From Tilapia Drill Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that the TLP-103C well ('the Well') at its Tilapia licence in the Republic of the Congo intersected the Mengo horizon during the late afternoon of 24 December 2018 and that hydrocarbons were encountered. The Mengo is the second of three horizons targeted by the Well. The top of the Mengo was picked at 1,856 mMD and formed of interbedded sandstones and claystones. This was in line with the Company's geological model. The top of the Marnes de Pointe Noire, underlying the Mengo, was picked at 1,960 mMD and formed of dark claystones. The Company has observed oil and gas shows throughout the entire 50m of sandstone beds encountered. Hydrocarbon pay thickness will be confirmed by wireline logging data and pressure points. Additionally, three new potential pay zones have been encountered between the reservoir R2 and the Mengo. These zones, formed by sandstones, showed a positive log response and hydrocarbon shows. They will be investigated with MDT logging to test their potential. These new zones were not encountered in the TLP-101V, a previous well already producing at the Tilapia site.

Luckily got out on Friday. Looks like shares I’ll be cancelled within one month. Avoid companies with debt, no matter how good the resource is. Got burnt on BZM, same problem about debt.

Unless you are trading, there is little point in micro watching the SP as people will sell and people will buy, it is a market after all. The 500,000 share buy speaks volumes to me. The 100,000 seller is probably JbER as someone said yesterday.

The news flow is what I am looking forward to and a very healthy SP after we strike hydrocarbons at Mengo and Djeno.

Fjones,

Madchatter is referring to the placing which took place in May 2018 at 8p.

Someone is still giving MM’s feed with the late 100,000 and 200,000 sells just before closing. It cannot be endless and once it stops, the SP should go up substantially more on good volume.

Another interesting thing I picked up from yesterday’s podcast was the reference to Total and ENI producing lots of oil from nearby fields. Then remember that Congo is the newest OPEC member and I see why this drill has such a high chance of success with the first zones having already shown hydrocarbons.

The next few weeks could be very interesting. Who remembers RKH and GKP superspikes? Could these happen here I wonder if we hit Mengo and Djeno .

Price action Looks like we could have a leak from the Mengo?

Interesting that these are tied to daily production of oil

“Anglo African Oil & Gas plc, an independent oil and gas developer, announces that it has today awarded a total of 4,000,000 options ("Options") over ordinary shares of £0.05 each in the Company ("Ordinary Shares") to two senior managers of the Company. Under the Management Share Incentive Scheme, the Options will generally not vest until daily total oil production at the Company's 56 per cent-owned Tilapia oilfield in the Republic of the Congo reaches certain production milestones measured over a consecutive 30-day period: one-third vests at 1,000 bopd; one-third at 2,500 bopd; one-third at 5,000 bopd.

All the Options have an exercise price of 20 pence per Ordinary Share, which represents a premium of 142 per cent to the closing price of AAOG's Ordinary Shares on 16 November 2018.

Options awarded
No. of Options held post-award
Exercise price
David Livingston
2,000,000
2,000,000
20p
Jeremy Patullo
2,000,000
2,000,000
20p
Options will be granted as enterprise management incentive ("EMI") options within Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003. EMI options have potential tax advantages for both employer and employee.

Prior to this award, the Company had 9,567,999 Options outstanding. Following this award, there is a total of 13,567,999 Options outstanding, representing 7.72 per cent of the Company's fully diluted ordinary share capital.“