Member Info for Strongman

2 v 1 now, well they tried it under 10 and failed. Now bouncing off this line.

Possible skittish, not all of course. It is hard to tell the difference on a declared long / short hedge on the book to a normal share trade at the moment. There is absolutely no real upside to opening a short around here, as the 10 line offers good support, so limited pull down from here for them to earn money. But if someone has opened a short higher then current share price, they need this lower to close position and take profits. This will occur at some stage and I expect a raft of buys (closing positions) and a strong bounce.

They are leveraged shorts via IG and Spreadex normally. When you see some of the big buys, they can sometimes be short positions closing or vice versa when you see large dumps, they can be short positions opening. In high volume and liquidity, you will not really see these as the providers do not need to hedge on the markets. But during low volumes, you can see them quite clearly printed on the book.

Borrowed shorts are rare here, as no big player holding wants to end them out. Only Sandabel were able to do this before, as they has CLN shares incoming guaranteed.

https://www.proactiveinvestors.co.uk/companies/stocktube/12092/angus-energys-brockham-test-delivers-a-lot-less-than-hoped-for-12092.html

Bounce on, here we go.

Grabbed a few at 5.335. Looks a bargain down here to me, now a little over sold on this news.

From Tidswell earlier today:

''water zone which may be as little as a few meters''

Closing off this perforation at this zone should be easier enough.

5,000 bopd in a year or two is target.

Meeting major oil company yesterday afternoon.

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

2 v 1 and 10.19 ask (50k)

Those two large sells supplied the feed, no complaining and looking for more on that line if it comes.

250,000 @ 10 is a buy - Mine.

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that David Sefton, Executive Chairman, will be presenting at an investor evening hosted by Turner Pope Investments (TPI) Ltd, on Monday 11 February 2019. The event will be held in London, EC2 and will commence at 5pm.



To register your interest, please email info@turnerpope.com or call 0203 621 4124.

Looks to be a good presentation, quite a few oil company's in attendance (RBD, TWR to name a few). Good to see DS getting proactive in getting the investment case forward to institutions etc.

Video of the presentation will probably be put on twitter by proactive who hosted the event. Normally day after.

10.20 live ask now for 50k+ shares.

Bit of a false position to get some sells, the 150k @ 10 is a buy and it is mine.

Nice one, I take it you are there?

INFA had their presentation first, and looking at share price, it went well. DS in middle of our one now, and the bid and ask have just raised.10.225 v 10.399

INFA had their presentation first, and looking at share price, it went well. DS

Just a side note.

This presentation is aimed not at normal pi's, but institutions and HNW investors.

Oil Capital is a daytime event held in the heart of the City and sees eight listed Oil companies present for thirty minutes to an audience of 300 institutional and sophisticated investors

A lot of placing fear questions on here recently. But lets have a look at the facts first:

1- The recent placing said funds for completion of well 103. That to me is full completion, which means perforation and flowing oil. Hence the amount allocated. Also there is a contingency built into this budget, so going by previous contingency amounts put aside, it is normally $1m / £1m. This cash is on the side, and now the drill is finished, all that is left is perforation and completion of the well. Therefore this contingency is sloshing around the bank balance unused.

2- The top side modifications are required for Djeno production. So given it will be hopefully for well 104, they have plenty of time to do these modifications in the future.

3- Would any board elect to do any placings, until it finds out the result of the $8m owed to by SNPC. If those funds come through then you are looking at 104 rig money right there. Personally I would rather field percentage increase, but that is another view only.

Someone is still loading big orders here, at a guess I would say they lifted a further 1m this morning, which may show later. I have also noticed when they buy they buy in three stages of the day. The sudden moves up indicate when the order has been placed, watch STFL market maker, they suddenly become very active, with additional support from JBER and WIN's as lead market makers here.