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that'll look like an emoji through tiptop's spectacles :-)
8-/ is the closest I can do.
Erll I promise to put a : O when an actual rns comes out (I'll practice overnight in case it drops in the morning)... : )
They really must allow emojis on here as that rolling eyes emoji would be my favourite
LOL.....Must keep off the alcohol on a school night. Apologies for rubbish previous post !!!!
The key being SNPC have been not only been paying so far but they have been increasing their payments . So looking at it statistically its more likely they will continue to pay. If they were not going to complete the payments what was the point in starting payments in the first place they would have just delayed and delayed.
Regards news flow not being controlled .....surely you are not that naive ???.....sorry my mistake, I'm sure news is released the moment it happens.....now where's that looking up at the sky emoji ;0)
COdey, a smiley face would have made all the difference :-)
... meant to put a smiley face ont eh end of the post as it's not meant aggresively. Just trying to point out that 'what if' posts are as empty as 'what if not's'.
The only trouble with that statement, dear Tiptop, is the inverse is also true. IF SNPC don't pay anything more, including re-entry, AAOG fail to get the minimum funding for the monthly raise, SMP issue drags on, rig contractor isn't chosen, no date for mobilisation, no flow testing or producing from 103c, the list goes on but this news has to be released as soon as it's available. It's not at the discretion of the BoD!!
You'd think DS would at least tell people that he's finally going to concentrate on AAOG exclusively until drilling is concluded, instead of sidetracking himself into other positions for personal financial gain instead of company.
There are many catalysts which could turn this SP around overnight. SNPC paying up everything owed including for re-entry, AAOG getting a bigger percentage of Tilapia from SNPC in exchange for their debts, SMP paying us compensation for crappy rig ($3m should cover it), rig contractor chosen, date for mobilisation, flow testing or producing from 103c.........the list goes on but this news will only be released when BOD ready !!
NO rose tints required here, we have lots of lovely Djeno oil. If you buy some AAOG shares you can be part of the celebrations. Imagine your delight being able to buy old TIPTOP a nice pint at the 25p party :o)
Why do you think SNPC have been paying us so far, just in case we've found oil ????
Until the finance is settled with Licence news, rig contract , spud date, and CPR, sp is going nowhere.
Septembers share sale is the one to watch /direct payment or otherwise;if income zero then what is the option? placement
Expect a major RNS before EOM in an attempt to move the sp towards 7p+ on the bid 5.2p is no good.
''All about planning skills''
Skills demonstrating failure to deliver anything at all.
Good evening TipTop.
Tell me, how much do you sell those rose-tinted glasses for?
I wonder if 103C will mysteriously begin flowing once the deal has been done !!
Washers, i actually think the radio silence is due to negotiations on going with SNPC. They need to pay the $5m they owe plus the monies for the re-entry they will owe. Or we get a larger percentage of the Tilapia possibly for a free carry. SNPC are only just managing to pay what they owe, so I'm sure the added pressure of the re-entry costs are a good incentive for the deal to be closed ASAP. Either way is a great result for us!!
That’s why they are paying to hold onto as much of their percentage as possible during negotiations. I hope we get a greater percentage of Djeno but if not the money owed and required going forward from SNPC will be paid.
Because of the BODs track record for non delivery, only an RNS stating both payments have been received from SNPC will remove the subjective need for a placing.
There is no way SNPC will relinquish its share of any o/p arrangements, if they did then every other licence holder would want to deal.
Good point evenstevens on “already incurred “ re - outstanding SNPC debt dues .
RNS 28th June :
“This is the fourth and largest such consecutive monthly payment received from SNPC and will be applied towards the Company's ongoing working capital requirements. SNPC has confirmed that it will continue to make payments on a monthly basis. SNPC's debt to the Company now stands at $5.1m."
There's nothing wrong with stating facts like no rns' have been forthcoming. To misquote, posts don't kill shares, BoDs do.
Read endless times about how the BoD were now really cranking up their comms. Well, they've reverted to type again.
If there's any chance that this might be a good investment then one has to keep a watch on the bb, in case something of value is said (feel free to make a witty repost).
I won't mind the share dropping before good news but, to take advantage of that scenario one has to be aware when the news drops and that means keep tabs on the bb. It's not my fault that the news isn't forthcoming and while it's annoying to have the facts repeated, would have though that potnetial investors would want to hear both sides.
All they have to do is keep the public informed and everyone will be the happier for it. It's not as if they don't have many, many, many avenues of news to update. And if the best response the bb can come up with against a less than positive comment is to namecall, i'm guessing that says something about the new news that's available.
Current amounts owed largely represent costs already incurred by AAOG for carrying SNPC this far. It's therefore future costs that are predominantly the bargaining tool for any negotiations regarding percentages.
Any delay/non-payment is just the wishful thinking of a "special" few - there is absolutely ZERO evidence to support this.
My theory is that some of them are just a bit lonely - go easy on them. Better still, ignore completely as this is kinder in the long run.
If it bothers you that much codey then perhaps you might wish to contact AAOG and ask them directly to voice your concerns as clearly nobody on this board can answer your questions.
Really, you're not doing your carbon footprint any favours with incessant trolling, the extinction rebellion bots will be all over you soon. Stay safe.
Hush hush or the fact that a lot of people are on holiday and this time of year is pretty quiet anyway in industry? Ah, it would also be remiss to mention that the previous month we received the largest aggregate payment to date wouldn't it?!!
Are you an intern during the summer by any chance? If you are you might want to consider a career change from trading because if I am pulling you up on it you are garbage at trolling.
COdey, you say you have sold out therefore you are no longer a share holder and part owner of the company. So your opinion and views are of no interest to me or probably others on here, why not spend your time on boards where you are invested ? I am sure they will value you comments.
Not sure why SNPC would want to swap the supposed £tens of millions for the sake of a few £00,000s debt repayments, especially as they seem to have falteringly paid a couple of them?
They're state backed so, if the oil is as guaranteed as everyone on here keeps saying them why the delay?
Doesn't really make any sense... silence would bother me but that's why I got out: got fed up of the silneces, the changes of plans, the raising of £millions to zero effect, etc.
Still, as long as the BoD confirm that they ARE negotiating then that news would aid the sp no end... don't see the point of silence, especially with the first funding payment based on the 5.2p shareprice looming.
AAOG have stopped receiving payments from SNPC but why? if AAOG have scrapped the remaining debt for a larger percentage of the PSA then its anythink but an increasing issue.