Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm not interested in day to day trading but good to see some strength. That was a solid RNS yesterday and deserves to see us move higher. Sentiment is returning as JB turns the screw !!!
That's because some are trying to grab some profit but just sit back and wait for the money boys to enter. They will arrive !!!!
So much news to come here yet !!!
I'm confident of a strong week. We are on lots of peoples radar now. The big boys will start buying after 9am probably. Lots more to come LTH :-)
Our market cap is only £12m, seriously why would anyone sell into that. The upside here is way beyond that even if you take profits at spud.
So much to come here, £12m is a joke
More proof of the high quality surrounding our acreage and yes we all remember that DS gaff .....lol
Interesting to see how the company has adapted a much more professional approach since his departure. What will his role be in ATOG though??
We only have 400m shares in issue so not many to go around because the LTH hold most of them. Wont take much to make this tighter than my wallet ;-)
It would nice to see another strong day trading today. Some big buys into the close of play last night looked good :0)
The Tunisian assets could be a really interesting RNS if they manage to pull off the deal. They did have production of circa 2500 boepd and a target production of 16,000 boepd, plus 12m barrels of oil reserves . We could see a similar offtake/RBL secured against those asssets to drive them forward.
That would certainly put the cat amongst the pigeons!!!
Funnily enough regards yesterday's RNS I had also spent many hours in the past discussing the possibilities of an RBL for AAOG. The trolls pulled me to pieces when that never happened, then sure enough one arrives.....shame it took so many months to arrive but better late than never !!!
Ha, well you are just plain rude and the rest to boot !!!
Skittish, the important point for me is Medco begun selling these blocks last October and decided they would not invest anymore in Tunisia after December 2018, so a year later they will just want rid of these assets off their books,which all helps our case .
I really dont think theres a question its us trying to acquire these assets and calling it ATOG suggests it will be under AAOG umbrella yet ringfenced.
I spent many hours discussing this subject back in the early part of this year and was hung out to dry by the trolls because nothing ever came of it . I suggested we needed the diversity of this asset. Let's hope I have the last laugh !!!
Nothing has changed....that's rubbish....This has proven a huge amount. The asset is worthy of a $25m offtake, the management dont want anymore dilution, but most importantly we can now develop Tilapia immediately once 103C hits oil. We already know JB has impressive organisational skills and this only strengthens that fact because getting this organised before its required will save huge amounts of time later. Not only that we can now drill back to back with 104 as we will have the funding already in place .
It's also a huge hint that the rig is soon to be booked, if it hasn't already been booked.
So Yes, this is the oil industry and clearly there are still risks that 103c side track wont be successful but we have already hit the oil and proven it flows so weve done the hard work. A international oil company would not have looked twice at an offtake unless it was backed by very strong evidence regards COS and project viability!!!!
Now let's enjoy the rise back to the top because I think the big boys are finally starting to pile in and this BB will be full of rainbow chasers soon :-)
Nope, that means 25p by January, if you are happy to hold until July 2020 then 50p is a real possibility. £1 off the table now for Djeno Tilapia alone imho as we have 400m shares in issue not not 200m when I made the £1 statement, unless you are adding Vandji or Tunisian assets into the mix aswell ;0)
In a note to clients, finnCap analyst Jonathan Wright commented: "Great news for AAOG, which has entered into an indicative term sheet for a $25m offtake prepayment facility that is expected to fund the development of its Tilapia field if the upcoming sidetrack into the Djeno reservoir is successful. Critically, this will remove any need for additional equity financing to fund the development."
"international oil marketing and trading company"
https://www.lse.co.uk/news/anglo-african-oil-and-gas-signs-usd25-million-offtake-for-tilapia-field-kteeutdw4h4sckl.html
Our current market cap is still only £13m.....hilarious with such a high quality asset and a fast approaching re-entry of 103c. I'm going to take FJ's 5p and raise it to 10p by xmas, then 20p-25p in January :-)
As always just my opinion!!!
Its proof of the quality of our asset to secure such a deal in the first place, it highlights JB is looking for ways to drive this company forward without dilution and it provides us with much more strength and bargaining power when New Age comes knocking to buy our acreage........all imho of course :-)
It's an absolute peach of a deal. It's a strong and solid deal setting us up for the future, exactly what I'd expect from JB. Well done management, that's a fantastic result and not easy to secure!!
Businesses do not give away $25m offtakes without first doing a huge amount of due diligence. Although this agreement is non binding it provides huge evidence to what I've been preaching for the last year. Our block is in world class acreage and the Djeno is a world class reservoir, even the largest blue chips would be very interested in owning Tilapia. Our well has proven the Djeno flows naturally without stimulation and and at very high pressures, which is all proof 103 was a huge success.
I'm afraid the news today has massively reduced the negativity surrounding this company. The trolls are going to have to work ultra hard now to keep this SP in the doldrums, especially when we find out its BP who is supplying the offtake ;-)
Yes!!!
It was only a small postcard :0)
I thought ther me would be more volume today considering the background activities discovered over the weekend. As DS said "if this deal comes off we will be much MUCH bigger !!!