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Exactly paymenow I posted that a good few months ago and it still stands . Vast we are still in negotiations with snpc we need to keep as much information as possible under our hats , the trolls will say we are partners and will know already, all I will say is do you tell your wife everything? Until all is sorted we will know nothing so hold tight
Opened up the AAOG board to see if sensible views were being taken on the company and its propects. Alas, investors still expecting a 500%+ rise in SP despite past events. Investors can hope, but history tends to repeat itself - especially with the same person in charge. When we see a change in senior management (eg. to one able to pick a drilling company that can perform basic duties, in a market where reputable competent drilling companies are willing to work for almost nothing) we might see a change in share performance.
that'll look like an emoji through tiptop's spectacles :-)
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 :-)
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 ????
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.
GLA