Jepp,flott i Vestfold i dag?

Port of Banjul, Gambia to Puertos de Las Palmas - Gran Canaria, Spain: 1079 nautical miles

DISTANCE:1079 nm. SPEED: 10 knot. (?). DAYS AT SEA:4.5

ROP blir ca det samme.

Hvor lang tid kan dette ta?

Fantastisk:)

https://newsweb.oslobors.no/message/472453

High margin and well diversified production currently of ~2,300 bbl/d net (OPEX ~USD 13/bbl1))
generating strong cash flow

Ho ho, nå blir det action. :)

Combination with PetroNor is expected to have positive impact on ongoing farm-down and arbitration processes

APCL warrants

Amount: 155,466,446 (shareholders) plus 8,513,848 (management) warrants

– 15,740,000 existing options will be replaced with 8,513,848 warrants

under the same terms as set out below

– 3,370,638 options to remain under existing scheme

The warrants will vest upon (i) the reinstatement of the A1 and A4 licenses in The Gambia or reinstatement of the SOSP license in Senegal, whichever comes first, and (ii) a farm-in agreement to these licenses being signed and legally binding, where the company will be fully carried for the current phase work program under the licenses, on commercially acceptable terms approved by the company board

The warrants are exercisable with no cost upon granting or vesting

farm-down....

God mulighed for at bryde 1,40 inden lukketid i dag :-)

Der smalt det. Neste salven blir forlik. Og så mer moro senere, med litt flaks.

Følg med her:

African Petroleum will hold a press conference at 16.30 CET today at Felix
Konferansesenter, Bryggetorget 3, 0250 Oslo. The presentation can also be viewed at the following
9
website: http://webtv.hegnar.no/presentation.php?webcastId=97819344. Following the press
conference, a recording of the press conference will be made be available on African Petroleum’s
website http://www.africanpetroleum.com.au/
www.africanpetroleum.com.au
African Petroleum

2018 operating cash flow post capex of
~USD 17m (10.5% interest

NET CASH FLOW 2018 17m usd

High impact exploration acreage with ~4.9bn bbl
unrisked prospective oil resources
– 9 prospects in Senegal, and 11 prospects in
The Gambia
• Licenses are in dispute and APCL is in arbitration
with local governments regarding title status
• The arbitration proceedings have stalled the farmdown
processes
• As of 1 March 2019, APCL had a cash balance of
USD 5.3 million
• Combination with PetroNor is expected to have
positive impact on ongoing farm-down and arbitration
processes
• Upside largely maintained for current shareholders
through the issuance of warrants given farmdown/
arbitration success

Transaction highlights
 The Company will combine with PetroNor for an all-share consideration of c. 816 million
shares in African Petroleum
 The existing African Petroleum shareholders will receive one for one (c. 155 million)
warrants to preserve potential upside from the Company’s existing exploration portfolio in
The Gambia and Senegal
 The Transaction transforms the Company from an exploration-focused player into a cashflow generating producer with a significant growth profile
 The Transaction provides the Company with diversified, low risk, long life and high-quality
producing assets, with current net (working interest) production of c. 2,300 bbl/d and
medium-term exploration upside in a well-established operating jurisdiction
 During 2018, PetroNor generated a post-tax asset cash flow (pre SG&A) of USD 17m based
on an average net (working interest) production of 2,127 bbl/d
 Strengthened ability to preserve and develop the Company’s portfolio in The Gambia and
Senegal through access to PetroNor’s existing cash,future cash flow and assets with
additional debt capacity
 Subject to shareholder approval and satisfaction of all conditions precedent, the Transaction
is expected to close by end of April 2019
 This is the first step in a renewed strategic focus for the Company that will aim to steadily
build and increase its reserve base while using free cash flow to pursue defined exploration
targets in selected and highly prospective basins. The PetroNor team has extensive
experience doing business in Africa, which, together with African Petroleum’s public
platform, will be used to grow the Company into a leading African focused E&P independent

APCL warrants

• Amount: 155,466,446 (shareholders) plus 8,513,848 (management) warrants
– 15,740,000 existing options will be replaced with 8,513,848 warrants
under the same terms as set out below
– 3,370,638 options to remain under existing scheme
• The warrants will vest upon (i) the reinstatement of the A1 and A4 licenses in
The Gambia or reinstatement of the SOSP license in Senegal, whichever
comes first, and (ii) a farm-in agreement to these licenses being signed and
legally binding, where the company will be fully carried for the current phase
work program under the licenses, on commercially acceptable terms
approved by the company board
• The warrants are exercisable with no cost upon granting or vesting
• The warrants will not be listed or tradable and shares issued pursuant to the
warrants will not be listed or tradable until the warrants vesting event has
occurred and the warrants have been exercised accordingly
• The warrants will lapse without compensation to the holder(s) if the vesting
event has not occurred within 31 December 2019

Fantastisk melding,her er nå nedsiden redusert kraftig,og denne dealen vil i tillegg øke sjansene for forlik!Og kostnadene til voldgiftssakene er nå null problem.Så nå trenger man ikke mase om at kassa går tom? Burde vel gå kjapt opp mot 2kr nå!ikke lest nøye enda,men verdien av dette selskapet burde ligge endel høyere enn dagens kurs tilsier!Dette var utrolig deilig

Dagens vinner med 29,75 % gain ble "glemt" på dagens oppsummering på HO og E24,gratisreklamen booster extra når den kommer.

Blir slutt på APCL som navn da. Selskapet står helt klart sterkere nå og konkursfare som det ble hevdet bla av riskokeren ble blåst bort kjapt

Petronor E&P Limited.?

https://www.hegnar.no/Nyheter/Boers-finans/2019/03/African-Petroleum-slaas-sammen-med-Petronor

Hvor tror du kursen starter og ender i morgen?

Med stor volumen ser jeg vi kan starte over kurs 1,5 og komme op mellem 1,8 - 2,0 :-)

Burde vel kunne komme opp mot 2kr i morgen:) Konkursfaren over,produksjon,større mulighet for forlik! Blir vel ikke bedre enn det! Blir jo sikkert et helt annet forhandlingsmiljø med myndighetene nå! En del som ble tatt på senga i dag,meg oxo, men gledelig overrasket! Ikke en like høyrisikoaksje mer, ikke så stor oppside,men mye å gå på enda:) Ser nok ikke noe tosiffretkurs med det første nå, men heller denne løsningen og en noe redusert oppside! Og når sjansene for forlik blir bedre med denne dealen, er det gull! Forlik vil fortsatt gi STOR oppgang! Grattis alle apcl`ere, ser ut som tålmodigheten lønte seg:)!!

Gode nyheter dette, nå kan aksjen bare gå en vei.

Etter flere år med ørkenvandring og utallige fake news hausseinnlegg synes jeg det var veldig hyggelig for APCL aksjonærer at det endelig kom konkrete og gode nyheter. Som jeg har skrevet mange ganger før, jeg har håpet at noe skulle skje slik at ikke aksjonærene tapte alt. Gratulerer med dagens melding. ?
Kom nettopp hjem fra utlandet, og ironisk nok tenkte jeg av en eller annen grunn på fredag - at kanskje det var på tide å kjøpe noen aksjer i APCL - en aksje jeg har brukt alt for mye tid på. Uansett hyggelig.