The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
They did actually give a heads up on this already :-)
From Recent Rns :
With the end of the Well, the Director General (Hydrocarbons) of the Republic of the Congo has written to the Company with a letter of intent confirming the intention of the Government to award the Company with a new licence over the Tilapia field which will extend to 2042. The Government has a team currently working in AAOG's Pointe Noire office to complete formalities before looking to conclude negotiations over the terms of this new licence.
If this is what the CEO is planning to release I say bring it on,the licence extension alongside impressive bopd figures will put this on the risers board quicker than a ferret in a badger hole!
---------------
"I had a mate at the presentation last night,he says it was defo quoted expect 1500-1800 bopd by april and also he picked up some chatter in the room that they are expecting licence extension to be finalised by midweek.So just my hunch but I am guessing they are waiting for that and to also put the new revised figures out for a bumper RNS...that makes sense to me. Interesting!"
The mm,s will have to be careful here,at the moment AAOG is valued at less than 5% of similar companies in the region based on the known resources.One RNS could put them in a very sticky situation,the value gap has to close.
This should and will be trading far higher soon IMO
Another chunky buy :-)
That seems a logical approach they would take,imagine an RNS stating a new 20+ years production licence and an uplift in Bopd of some 600%,now that would put this on the map !
Some more very chunky buys landing and it should be lift off very soon,i wonder if the mm,s have wind of a major news announcement pending.Nicely poised a major breakout here now.
And another one !
There has been a series of chunky buys so far today and two for 250k each just popped up,i smell news landing very shortly :-) if those figures stated earlier are true for the BOPD this could double very quick IMVHO
NICE....If that is in Rns tomorrow this could open at 14p and have a nibble at 16p in first hour from open IMO
I saw those buy orders! someone really fancies this
1onic,cheers for the info :-) as I said yesterday Kefi partners have invested at several times higher than equiv of the current valuation here so we have a very unique opportunity.That is why I continue to add,i am even thinking of cashing in some modest gains elsewhere.
This also caught my attention from a report a few days ago :-)
https://www.thereporterethiopia.com/article/ministry-drafts-new-mining-petroleum-proclamations
"According to the Ministry of Mines and petroleum Ethiopia offers excellent opportunities for mineral prospecting and development. There is favorable geological environment hosting a wide variety of mineral resources. The Ministry claims that Ethiopia’s green stone belts offer one of the finest areas for gold mineralization anywhere in the world, and more than 500 metric tons of gold deposits have already been identified by exploration."
1onic,can you give a clue as to what newsletter you refer ? just out of interest.
I can see Kefi becoming a star on AIM this year,folks often refer to a transformative year etc but in this case it has a very high chance of happening here IMO.The terms the company have secured at Tulu Kapi are extremely favourable and of the type that only much larger companies can secure.This alone shows that the management here are very much on the ball and have pulled off a very good deal for shareholders,it is even possible that the bondholders may want to invest further on other projects Kefi have involvement with and or potential new ones coming.