Member Info for pawnsacrifice

Yes thanks for the link.
Been looking on advfn charts and theres a pretty good golden cross beginning to play out re 50 and 200d sma. 200's gently rising so not a false signal and will be an interesting watch.
Would be a good time for BLOE to update imo.

Not too worried about the Djeno myself for now.
I want to see their plans for flowtesting the Mengo and other zones re 103 alongside confirmation the licence is sorted and at enhanced terms after they've carried their partners for so long.
Not a seller here but would take some positive vibes on that to get me buying again

Expectations for success do seem to have come down a lot though.

"Brockham in combination with Balcombe could be transformational for the Company"

Wasn't Brockham Star wars on its own now its being downgraded to this "in combination with Balcombe."
Sure sounds like this is expectations being lowered, hope for holders its not considerably lower.

Yes and bounced off the 200dsma too which is what we need even if its been a bit dull today.
Expecting better action as confidence builds in this being the bottoming out area.

Agreed imho esp sat on the 200dsma like this.
Averages here are actually quite interesting on the advfn charts.Stocks still above the 200dsma and the 50's rising
quite sharply below them both.
Needs a few flat to positive sessions first but the averages are setting themselves up for a Golden Cross if present trading patterns continue.
Will be AAOG's first real attempt at the pattern since listing so worth noting imho.

Thanks johnny thats confirmed then.
500BPD from the mengo and r1,r2 and AAOG can get conventional debt
I take it thats on top of the debt based finance they'll be able to negotiate after the super major offtake deal?
Unless the supermajor takes them out for 20p instead that is though a cheap 20p take out would like wind us both up I guess just for different reasons.

Believe if they get this offtake agreement they can take it to the bank for debt finance too. Not an expert but thats certainly the impression I get from research.
Everyone (the co and the major involved) must be very confident of early flows if arranging this already?

Think a few of us warned about the dangers of a raise johnny quite a while before the spike too. This is aim and co's have to survive first flourish 2nd.
AAOG appear to have reached the flourish stage esp regarding financing options.

AAOG RE: MMs will soak up3 Jan '19
You are right Straighttalker in fact I've just had a small spreadbet on these at 11.5 but its still true its a concern about a raise not just deramping otherwise i'd of gone much larger at this level and guess more would too.AAOGRE: Ooops3 Jan '19
Guess the markets going to be a bit suspicious of them putting news out to get pi's in pre placing,
Have been half expecting a bit of newsflow to help with getting a raise sorted.

or he works for the SB co's. Poster earlier mentioned that AAOG was the biggest SB long out there so not unrealistic they'd pay a few to scare punters out.
Thats what the cynic in me thinks anyway. lol

From the Presentation Majors may well offer AAOG offtake finance. Believe they were negotiating after the presentation yesterday so maybe a comforting RNS soon for the fearful.

https://www.proactiveinvestors.co.uk/mediaFiles/stocktubeDetails/12073/anglo-african-oil--gas---oil-capital-conference-presentation-12073.html

You should be afraid johnny-you're not long.

Yes no rush for 104 is the key. They're still at field development planning stage which is actually pretty amazing given the ride the drill gave them.
Can't wait to see what the final licence terms are and how great a proportion they get in cash. Can't see the Congolese giving too much of their stake away so reckon cash will be quite high myself but thats a presumption not a fact.

Agreed and 7 minutes in he said they were off to see a large oil co about it that afternoon.
Sounds positive re low dilution from here.

They will have trouble getting too much of a drop imo as theres the obvious round no's peeps like to trade on and the 200dsma pretty solid just below around the 9.8p level.
Thinking of having a few shares at this level ( all SB at the mo) maybe get in before the co. has chance to announce positive licence terms and gap the sp up.

That doesn't appear to be true either bonker. AMER are 98 percent long according to I.G.

Think its the shorters can't handle th truth here. They're still trying to come to terms with the fact the wells gonna gush!

If you really believe that johnny please add to your short so we can all get in a bit cheaper this a.m.
The news the last few days has made these a pretty compelling buy, esp the news on the congo and snpc likely agreeing terms.

Of course you do johnny. Its what you do.

Where can we listen to the presentation? is there a link?

Thanks blackrhino, appreciated and very good news re the no funding issues. Do't suppose it will go down so well with the bears but does open the door to unfettered positive newsflow on flowrates etc.