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helium
/'hi?l??m/
Learn to pronounce
n
the chemical element of atomic number 2, an inert gas which is the lightest member of the noble gas series.
I was under the impression that helium was in fact a gas. (:-))
Profit.
Helium 1 would have no interest in us, they are up an running and doing well. I feel they will not require any tax benefits as it will be some time if ever they make a profit. They operate in Tanzania and things are mighty slow over there.
Ms cope is a director and share holder over there and draws a salary which helps as she only paid herself at AAOG last year 25k and no pension benefits, she would have earned more stacking shelves at Tesco.
Have a look at the latest accounts and see what Sefton and co paid themselves.
Ha ha yes SEL not sell my mistake !
As to other games in town , I have heard several rumours, including the one about Sarah Cope , and Helium 1, being interested in us because of our tax offset against future profits!
I would suggest you read the 2020 end of year report, it’s all in there they are seeking various opportunities in the natural resources sector. I really can’t be bothered to find it for you and copy and paste it. I spent about 3 hours going through it to try to get a grasp of what they intend to do.
Irishmouse: what makes you think there should another game?
Oofyprosser.
Yes I tend to agree hence my post earlier this morning.
Who said that SEL is the only game in town ?
That’s not what I am reading. Perhaps I am the only one that bothers to read what the company published.
Irishmouse: SEL’s owner, Paul Forrest, introduced Anguish Energy to its Poundland project. It hasn’t produced annual accounts yet, has managed to avoid doing so since it changed its name from Wingas. Its accounts were overdue at Companies House for almost two months but will soon be available on the Companies House site. Judging from the recently-filed accounts of Mr. Forrest’s other company, Forum Energy Services, there’s unlikely to be any significant assets in it, other than its 49% interest in the dodgy Poundland scheme. For such a company to be guarantor of the £12mm. Poundland loan seems farcical.
All anyone can do in this AAOG is wait and see, in any case.
Oh dear. Not sell but SEL!!! . SEL holds a 49% legal and beneficial interest in Petroleum Exploration and Development Licence 005 (the "Licence") and is a party to a joint operating agreement regulating the operations under the Licence (the "JOA") . On exercise of the Option AAOG would also become a party to the JOA.
Sell is not an option, the share are not tradable !
The tax losses can be used, against future profits ! And on the surface appears to be our only asset!
However I am intrigued by the lone we have, why would someone be prepared to throw more money at this if things were hopeless?
I have more questions than answers !
Who said that SEL is the only game in town ?
That’s not what I am reading. Perhaps I am the only one that bothers to read what the company published.