The Lemon Fool

Web Site : https://www.aaog.co/home

Will be interesting to watch this one as the drilling starts very soon. Spud of their big well should be this month or next.

Broker Note : https://goo.gl/qvQrFR

Also, a conference call today for anyone interested, 3pm UK time.

https://www.investegate.co.uk/anglo-afr ... 00095585Q/

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Rig mobilises on 26th June.

So spud of the well should be early August.

https://www.investegate.co.uk/anglo-afr ... 00093226S/

Update on workover of TLP-102 and rig for TLP-103

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce the results of further work on the TLP-102 well ('TLP-102' or 'the Well') on the Tilapia licence in the Republic of the Congo.

TLP-102

Well TLP-102 was opened on 17 June 2018 wi.........................................

Good news, now it all starts.


https://www.investegate.co.uk/anglo-afr ... 00042332U/

11 July 2018
ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')
Rig Mobilisation for Multi-Horizon Well in the Lower Congo Basin

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce the mobilisation of the SMP-102 rig which has been contracted by the Company to drill the TLP-103 well on the Tilapia field in the Republic of the Congo.

Specialist transport contractor Ocean Express, which is responsible for delivering the rig to the site, has notified the Company that mobilisation is underwa.........................

Rig is on its way to the drill site.

You can catch the latest updates from the AAOG Twitter.

https://twitter.com/angloafricanog

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Spud should not be too long away now. Up nearly 30% already from a month or so back, should hit 20p I think prior to drilling results.

proselenes

This do not look like a sell prior to result of first zone.

From Twiter
#AAOG, 500 %, 1200 %, 3700% uprise potential.
3 Drills, 1) Mengo low risk Confirmed 75p 2) Dejno nearby production by Eni & SOCO 170p 3) Vajni wildcat 500p

Yes, its a very exciting drill.

The R1/R2 in the first target zones should really be a bolt on........will certainly underscore the present price. Djeno the second target zone is the big upside which looks possible and if it strikes then 5 to 10 bagger from the current SP is possible........and the final deeper target is massive if it comes in then its fireworks time.

Striking in the R1/R2 with good pay is the insurance........that comes in then no need to top slice its a free ride through the bigger yet more risky next two targets which could send the price up anywhere from 5 to 50 times the current share price.

Looking forward to spud and then results - I believe for sure AAOG will update after each target is done...........unlike MATD where I am expecting nothing until the complete drill is completed.

I just had a look at the May 2018 company presentation. Slide 8 has sketch of the prospective horizons where the reservoir is illustated as a cave/pool of oil waiting to be drained. It is typically how someone would illustrate a reservoir if they had no concept of how they actually work. While I know little about their acreage, the fact that this figure makes it into an official presentation is a significant red flag to me.

FabianBjornseth

Page 8 of the May presentation:

http://www.aaog.co/archive/presentation ... pdf#page=8

If there is little information available, there is not much one can do.

I think its supposed to visually inform people there are 3 targets.

Its nothing more than that..............

That's true - I guess my problem is that it wouldn't be hard to make a cartoon showing the 3 targets that is geologically sound, like these: https://petrowiki.org/File:Vol5_Page_00 ... e_0001.png

The person who made slide 8 either didn't know or didn't care to do it, and I don't think it's a great sign either way.

Drilling time v depth

Above chart is from the official AAOG Twitter account (details posted earlier)

https://www.investegate.co.uk/anglo-afr ... 35036217X/

Spudding getting close now

Spud notice.

https://www.investegate.co.uk/anglo-afr ... 232599109X

https://www.share-talk.com/share-news/a ... interview/


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https://www.voxmarkets.co.uk/articles/v ... or-db95bac

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