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What sellers Rojo ? There hasn’t been anything of note for a good while, don’t be suckered into mm games with a few hundred pound sales trying to look like a big sell off , you’re not learning very quickly here are you? Do some homework and some history and then come back with something informed. Very lazy trolling in my view
I would hate for you to miss the bottom Rojo, you sound like such a swell guy.
Another one filtered.
That's the problem though Tom - too many sellers and too few buyers.
Encouraging more people to sell will only compound the problem. You need uncomfortable shareholders to hold, not sell up.
4p?; 3.75p? 3.5p?
I very rarely respond to any posters on this BB, indeed I have filtered out nearly 20. As a LTH I feel the analogy of AAOG and Balaclava by Tiburn to be a very refreshing and upbeat posting, just what this BB needs, and I wish some shareholders would recognise this stock for the great value it is, or sell up if you are uncomfortable holding it, 10 out of 10 for an excellent posting Tiburn. gla.
Yep, agree, ....COS must be very high, on our sidetrack drill, (imo).
A history lesson as well Rojo! How much more value do yo want for your buck?? What a great put down tiburn made my day, off to work now lol
Even though we have had just about every problem and disaster that an oil company could have, what we do have is rather unique.
We know there is oil down there and lots of it and are going in again for the second time. I don’t know what exactly the COS is but it must be very high. For what we have spent so far an off shore drilling Company would have spent that amount just getting a rig out to sea never mind getting a drill bit into the ocean floor.
Our share price is what it is at present, in three months time it could be very different.
No Tiburn, not yet invested.
The Market is taking a very dim view of this share, and I'm yet to be convinced the Market is wrong.
Watching and waiting...
I understand your not yet invested here?
You seem very negative in all your comments, that’s your entitled opinion of course, but you don’t provide evidence or reasoned arguments to support your negativity, debate is preferred ideally.
Thats the equivalent of LTH here saying the following, with no support:
“All those invested in AAOG are going to make a lot of money”
Its interesting you use Balaclava as an analogy for AAOG, it depends which action of that battle you most resonate with I suppose. Im assuming your referring to the Light Brigade and the infamous charge into the valley of death,
“Cannon to right of them, Cannon to left of them, Cannon in front of them, volleyed and thundered”
“C'est magnifique, mais ce n'est pas la guerre."
The Brigade suffered very heavy losses, but were actually able to engage the Russian forces at the end of the valley and force them back from the redoubt, their intended target, before withdrawing. The reputation of the British Cavalry was significantly enhanced as a result of the charge.
Another aspect of the battle that could stand for AAOG is the British Heavy Brigade who charged and defeated the greater proportion of the Russian cavalry advance, forcing them onto the defensive.
But for me AAOG is perhaps best represented by the 93rd Highland Regiment stoic defense of the Vorontsov Heights against Russian cavalry and artillery attacks in what came to be known as the "Thin Red Line". The Regiment held and repulsed the heavy attacks against all odds.
AAOG have endured incredible problems - their SNPC partner not paying their way up front, market manipulation, naked shorting, death spiral finance, placing debacles, massive delays, less than ideal communications and suspect deals, surmounted by just horrible rig technical problems and SMP legal actions – and yet they have still found oil in every horizon, including the mighty Djeno – which they target again soon by sidetrack - and yes - onwards to eventual glory with such a high COS.
Must be sunstroke.
What on earth are you waffling on about Rojo??
"Onwards and to glory" !?
Wasn't that the battle cry of the British cavalry at the Battle of Balaclava?
and we all know how that ended don't we (gentlemen) ?
A female statistics teacher based out of Slough, wont have enough world business experience let alone in O&G (French exchange student only when 12 and thats it for overseas trips )to have any possible view worth considering on AAOG
Ignore her strident fatuous view Gentlemen.
Onwards and to glory
angelaj6611 how have you come to this conclusion ?
When have the BODs attempted to remove AAOG assets !
The problem with bribery is once used, it will bite back unless it is continued.
The BODs attempt to take out a potential AAOG asset from under shareholders noses, leaving a question mark over business integrity.
It also shows contempt for shareholders.
There are certain realities of operating in Congo B that AAOG face, its naïve to assume that business is straightforward here or there is any sort of oversight or rule of law of any real worth - Quis custodiet ipsos custodes? Who will guard the guards themselves?
Matters take time, there are issues, problems and delays.
In a corruption index of 180 countries, Congo B ranks 165, next to Chad and Iraq.
Transparency International Corruption Index 19 out of 100, where 100 is good
"Corruption is rife in the Republic of the Congo (also known as Congo-Brazzaville). Almost every sector of the economy suffers from rampant corruption. President Sassou Nguesso holds a tight grip on power, thus rendering all government institutions susceptible to political interference and patronage. The extractive industries and public procurement are particularly at risk. The government has put in place an anti-corruption regulatory framework; however, implementation remains very poor and government officials engage in corruption with impunity. The Penal Code (in French) criminalizes several forms of corruption, including passive and active bribery, extortion and abuse of office in the public sector. Gifts and facilitation payments are illegal but are widely practiced in the Republic of Congo. "
"Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF, including the recently concluded Article IV consultations. The current administration faces difficult economic challenges of stimulating recovery and reducing poverty. The recent drop in oil prices has constrained government spending; lower oil prices forced the government to cut more than $1 billion in planned spending."
Hopefully AAOG with their team deep African experience and knowledge of the key locals, customs and practises are able to navigate around these constraints, but this will add time for approvals, negotiations etc.
But then we shouldn't judge Congo B
Watergate, Exxon, KBR, Siemons, BAE, VW ...... just variable levels of sophistication and scale.
They key however is that is oil utterly drives the economy of Congo B to the tune of over 70% of GDP, its production is prioritised above all other considerations - and AAOG have the most marketable light sweet crude with high API in the 12m of Djeno oil found.
I wonder if that was one of the creepy odd ones I was talking about earlier? It's like they're hardwired into the LSE board. It's unlikely to be a bent trader at this time.... I pity them.
The bounce was on when the first rig spudded, when the rig was moved, when Mengo £7million was placed, when Mengo was drilled, when CPR was due... when last placing and convoluted funding equation was sorted...and the sp's is almost back down to the lowst it have been, in the high 3s. It's bounced like a flat tyre for lthers. Only folk that have ever made money here have been the unemotional traders who don't give a stuff about the company. Everyone else who is still in love with this, in the usual paper-loss Stockholm syndrome way that's the norm for everyone in the red can "rahrah!" for all they're worth but most of the loyal holders will still need to at least bag or three to get back to quits before staeting to make any profit.
Noone likes to see anyone lose cash but they do like to see both sides being posted and if the rampers don't post it... adn that's no bad thing. They're easy to dismiss if making stuff up.
But as has been said, it's BH so three days of no snippiness! Blessed relief! So enjoy, all.
a couple of troll musings be the last word for the BH weekend!
They know that the bounce is on very soon, but the greedy buggers still want it cheaper yet - what other rational reason could there possibly be for their repeated presence? Sorry that Mr Market thought different and did not oblige today. I must admit there is a couple of them in on this trolling malarkey just for sport - there's some REAL oddballs out there. I won't name names.
Whenever I'm getting a little impatient, I remind myself that we are operating in Africa and things move very, very differently over there. The logistics must be nightmare and few could possibly comprehend all that is involved. It's a good job we've got the right ops team to tackle such a job and the prize remains absolutely massive. In fact, we've never been closer. The sp today, tomorrow, next week, next month means little to holders as long as AAOG get back into that hole in the ground and start pumping all that lovely black stuff we've got sitting there in time for Xmas.
Because their is no RNS content of any consequence available to release.
Tiburn writes, ''certain incentives, not allowing capture in the annual accounts'' sounds like a potential case for bribery, if that was the situation the entire BOD would be had up for corruption .
The BOD know Bribery of any kind is strictly forbidden so It won't happen.
Sp has held up well with a dozen or so trades in spite of the pending £5 million cash call, it can be expected to drift off further until the placing price is known
If JB has been bribing people, Tiburn, I would like to think he would have got a bit more for his money.
I was thinking on the big expenses bill, seems a lot but they do have a large tech team
flying out there is £5k a pop, one person
They cant just stay on the local version of the Premier inn in Point Noirre either- it would be a secure hotel location which would not be cheap, with attendant security
Equally, this is Africa - have a look at the finals document and images of the spud ceremony of last year
There must have been over 100 local dignitaries present, hosted and no doubt all important in some respect and with the ability to influence AAOG success and enable all permits and approvals etc.
SNPC/Govt will have execs that AAOG will need to work well with, that may include all paid trips to London on "fact finding missions" and key meetings, all smooth's the way.
Also -and key - there are certain business realities in many sectors - O&G in Africa being notorious in this respect - that may require certain incentives , not allowing capture in annual accounts.
Another General Meeting, got to justify £0-9 million in expenses, I suppose, gla
Oh TipTop - what planet do you inhabit?
Do you still preach on a Sunday morning ?