thebuffoon
04 May 2017
Re: Early days Local Management teamGerard Bourgoin – General ManagerGerard is a French entrepreneur with many years’ experience in West Africa and specifically in the Republic of the Congo. He was General Manager of Prestoil Kouilou (which started the production from Tilapia) and is General Manager of PK, which acquired the interest in the Tilapia Field from Prestoil Kouilou in 2012.Axelle Bourgoin - Assistant General ManagerAxelle has been involved throughout the operation of the Tilapia Field by PK. She is an accountant and has day to day responsibilities supervising operations, accounting and administration.Rene Vernet – Principal GeologistRene was previously an exploration manager with Elf Aquitane. He was the manager of the original team that discovered the Tilapia Field between 1990 and 1995.Aldo Sitbon – Principal Reservoir EngineerAldo has over 20 years’ experience as a reservoir engineer with Shell and Elf Aquitaine and has considerable knowledge and experience of the Tilapia Field.
KALAN
27 Apr 2017
Re: RNS - JT "Note: BNY Melon seem to be selling off some or all of their holding - reduced twice very recently." This is what I posted a couple of weeks ago - now 3 sales - going to be a headwind for the sp if they continue unwinding their position - not in so far. Still watching. GLA
GC Trader
27 Apr 2017
Re: RNS - JT shares held before transaction - 8,000,000shares held after transaction - 7,500,000ergo they REDUCED their holding by SELLING 500,000 on the 25th Aprilthat transaction was notifiable because they crossed the 15% threshold...however...with next notifiable threshold being 10%...in essence they can now sell a few more million without uttering a cheap... personally...I wouldn't listen to all the 'ubers'...
jaytee41
27 Apr 2017
Re: Today's rns Surprised at the drop today in that case.
arry the accountant
27 Apr 2017
Re: Today's rns buy - appears 4m went through yesterday hence rise. Nice to see a big investor involved
jaytee41
27 Apr 2017
Today's rns Does today's rns mean that they have acquired shares or sold them ?
jaytee41
25 Apr 2017
Nice climb Nice steady climb of late. No RNS though
jdq2rp
12 Apr 2017
Re: Early days Thanks for posting that. It's nice to get a different perspective on things, especially one that has a slightly more sobering view. Your take on the environment where the company is operating is a valid one, and hasn't really been mentioned yet. Looking at the company site they seen to have "a Local Management Team" familiar with the area, the plays and that speak French. I agree it does not look like the CEO and the CFO are permanently based there. I'm invested too and am hoping for the best, but let's not get ahead of ourselves. J.
kolwezimundele
11 Apr 2017
Early days Already invested in this small affair and hoping for the best. I note comments of +300% in one year - yeah I hope too, but - operational aspects aside - people need be aware of the significant risks in operating in Congo Brazzaville. Lived and worked in Congo Kinshasa (all one 1 km away by boat) for over 3 years and have a reasonable view of the regional environment - very difficult. The 2 Congos are littered with small extraction coys that came in on high hopes, and simply disappeared. And this one is very small. A few general issues I am wary of: 1. As the name implies, the coy is very much Anglophone, but working in a country that is 100% Francophone. I hope all the big-shots are 100% fluent in French;2. I hope they have high-level local contacts. Things could get awkward without them; 3. Alex McDonald talks of 'traveling down to Congo.' Our experience was that CEOs and CFOs who did not actually live locally had little idea of what was going on a local level - especially if they are not fluent in the language spoken. The guy looks 60+ and I don't see him intent on moving there permanently at this stage of his life. If he is to have little idea of local issues, then who will have? Anyway am still positive, but well aware of the risks. I'm not betting the house just yet.
DanDaDan
05 Apr 2017
Re: Tuck these away Early. 6th April where did that rg come from?GLA
DanDaDan
05 Apr 2017
Tuck these away Early. Put them in a tax free wrapper.6rg April tomorrow...(Check the UK Tax date in your diary.)..In 12 months time you will probably be sitting on a 200% to 300% profit or bigger, IMO.Remember Management are only paid on production targets.The big II guns are already invested and have done their research.Follow the money... It is low risk, IMO.GLA
DanDaDan
04 Apr 2017
Re: big ish hit today Confidence test. Just look at the low volumes.IMO position taken, it is time to just sit and wait.GLA
jaytee41
03 Apr 2017
big ish hit today Any reasons Dan ?
DanDaDan
30 Mar 2017
Re: Dan This with SAVP could be the finds of 2017. But still doing more research K.Multi-bag potential is fantastic. But as always DYOR.The herd has not arrived here yet.Check out Zengas, he has already made his move and is very knowledgeable.///////'March 2017 the company emerged triumphantly after a very successful and oversubscribed placing on AIM to raise £10m to fund its acquisition of a 56% stake in the Tilapia oil field in the Republic of the Congo.AAOG’s strategy is to workover the existing wells in the Tilapia field at a cost of US$300,000 in order to increase production up to 250bbl/d and to then drill two new wells at a cost of US$6m in the Mengo and Djeno sands in order to prove up reserves and confirm production potential, which has been prolific in other parts of the Congo.' ///////GLA
KALAN
29 Mar 2017
Dan Questions: Do you have a time scale for the work overs? Do you know if the company has the cash to pay for the work overs? Do they need to drill new wells to get to the deeper oil bearing sands and if so do they have the money for this?Note: BNY Melon seem to be selling off some or all of their holding - reduced twice very recently.The story looks great but do the details give cause for concern?
