Member Info for wraith

Yes, they do, bigupajc,....in this one, Djeno, % of licence & getting cash out of SNPC is mentioned;-
https://youtu.be/YOnGLwGth-4 (14:01 into presentation).

BW

Thanks for sharing that Battle.

BW

I had the same thought myself, Sardypaul,...will be interesting to see, what % of licence we end up with.

BW

Had seen the AGM video ( https://youtu.be/MfvnG_VDS68 ),....had not seen Finncap note, thanks for posting LGO-fan (& northpole2).

BW

Are the stage payments, to cover SNPC cost of drilling going forwards, & AAOG take a larger % of licence,...cannot think of any other reason for them myself.

BW

The short answer, is no, LONGWAIT,....I have high risk Funds, invested in AIM share portfolio,...my income (safe) investments, are in a portfolio of houses & land (50% claw back covenant, on 6 acres),...here at LOGP, I have left my Core shareholding untouched in two ISA's,...my LOGP Gross average s/p, is Sub last placing level (s/p@1.3p),...I am not buying or selling, just sitting on hands waiting for Barryroe drill,...our major shareholders, recent actions, give me hope.

BW

Yep, that's the sort of reply ( “we are close to releasing the production plan, and ultimately it is production, cash flow and dividends that will mean the price cannot be manipulated."), that is music to my ears, gmcc.

BW

Not followed RBD myself, oilisthefuture,...a successful Iolar well result, will inject some positivity into the Irish scene & counteract the negative "Keep It In The Ground" brigade.
Its not just EOG, both my PVR & EOG shareholdings, will benefit, from a successful Iolar well result.

BW

With a successful Iolar well result (100-day duration, implying TD ~ 5 September 2019),....EOG should be of to the races, (imo),....thanks for the shareholder letter ( http://www.europaoil.com/documents/190628EOGShareholderletter28.06.19.pdf ) Hugh.

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How is everyone going to keep warm, if all the oil/gas is kept in ground,..with Solar minimum here;-
"Weather warning: Solar minimum is here and ‘it is a bigger threat than CLIMATE CHANGE’"
https://www.express.co.uk/news/science/1135628/weather-forecast-long-range-climate-change-space-weather-solar-minimum-space-news .

Pet chairman's statement, on Ireland, made interesting reading;-
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PET/14115798.html

Still holding PVR myself,...... survey completed by 20/09/2019,....hope that proves to be the case.

BW

Agree Eyeore2,...I also read it, as a vote of confidence,...as you say, Hats Off to our major shareholders,...been sitting, on several hundred thousand LOGP shares, for quite some time, myself.

BW

Yep, Off take financing mentioned, in relation to building spur to pipeline;-
https://youtu.be/wpC3tbqDBPk (from 13:19 into clip),......also mentions upgrade to top side, will be from production cash flow,....negotiations on how SNPC are going to Fund there share of field development plan, of up to a further 10 wells, once 103c producing,....these negotiations could result in all Funds owed, repaid to AAOG, pluss we take a larger % of licence,..... is how I read it.

BW

I assume that means, up to Ten additional Djeno wells, mentioned under Outlook, in RNS ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAOG/14128742.html );-
"The further field-development plan that could include up to ten additional wells alongside expanded surface facilities will be pursued once production from the existing wells has enabled PK to be cash-flow generative and to remit funds back to the holding company on a sustainable basis."
Still holding strong, for that Dividend Policy to kick in, myself (six figure shareholding, still).
BW

All resolutions were passed ( http://www.aaog.com/archive/circulars/AAOG-Form-of-Proxy-2019.pdf ),....the other point I noted today, was in Final results ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAOG/14128742.html ),........AAOG are in receipt of several non-binding offers of capital finance, which it is considering, and the Company is consulting with its major shareholders.

BW

Mengo "Route" to riches,...

Tune: https://youtu.be/orL-w2QBiN8

BW

I believe, a few of us, preferred the Mengo rout to riches, Morningsun,.....Denjo, should get us there much quicker, but at what Cost (shares in issue), to get Denjo producing first,....regardless, as I said earlier, here for Dividends,.....the positive is, producing straight from Denjo, should see the Dividend policy, kick in much sooner

BW

Just been looking at pedigree, skittish,....thanks for link ( http://www.aaog.com/archive/presentations/AAOG-company-presentation-270619.pdf ),....as I have said before, hold these in two ISA's, here for dividends.

BW

Thanks for update Itsriskythat,....feel much more relaxed now,.....considering, increasing after that.

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Listening to interview, what I noted,...we are targeting 2,000 bbls a day, initially, to generate revenue, which will be used, to upgrade topside facilities, for higher production levels: https://youtu.be/FzEqQJrz06I

I have noticed, when reading back over the board, comments, on possibility of a placing,...s/p already appears to have one priced in (imo), when looking at AAOG par value;-
"A share will have a nominal or par value: 1p, 10p, £1 or any other sum in any currency. And it is an absolute rule that a share cannot be issued fully paid for anything less than its nominal value – that is, it cannot be issued at a discount."
Source: https://www.pinsentmasons.com/out-law/guides/shares-and-share-issues

£16.54m Market Cap (Anglo African Oil Gas Ord 5p (AAOG))
https://www.sharesmagazine.co.uk/shares/share/AAOG

BW

Strait of Hormuz oil tanker attack,....bulk of this oil, is for Asia - India, China & Japan;-

https://www.youtube.com/watch?v=mnCz0dk-1W8

BW