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Don't worry Guys!
TT will soon be tucking away lots of these little beauties in his SIPP.
For sure Irish. Thought you were in Londond now and again as you knew what was in the tag on the access control system.
Docit, my days of flying over to London are well over now I feel more at home in the slow lane .However I will make a exception for a night out after a good AGM. Hopefully next year.
Yes Irish. My previous posted about two weeks ago stated this when i visited the premises. If you go in, and ask for the company at reception, you will just be sent up to their floor. I declined but should have gone up to take a look. If you are around one of these days i would gladly meet you and go back.
"Supposed holders"...when did you get on the ramp bandwagon? Ive Been invested here since before you started posting!
I just find it strange when long term holders seem to forget and imagine all the positives, failing to mention the car crash RNS list and SP slide we're all enduring.
Beware those painting pretty pictures when it isnt the reality.
You know the genuine holders, they moan about the sh/te performance... those miraculously positive about losing money, well they probably arent.
A very measured response from someone who has contributed far more than most to the aaog bb. - Well done to you gmcc.
Unfortunately, until official news drops we will continue to suffer a bizarre level of repetition and ungentlemanly behaviours from the usual suspects - we certainly don't need it coming from other supposed holders as well. If you are a genuine holder, make yourself useful and apply some pressure to the BOD.
Let's have news sooner rather than later please to put an end to some of this nonsense - until then Keep those boxes green.
Hi woody2002 Sorry you find my posts a “ bit naff “ will try and be more sophisticated !
Fyi : Still invested have been in AAOG since 23 Oct 2018 average 5.6065p down -55.41% my whole portfolio definitely needs the Midas touch LOL !!!
Skittish I can see you have done a great deal of research and while I think it is all very interesting , it dose not change the fact that we are not actually drilling a hole at the moment , we do not know for definite when we will or if we will get a drilling rig , we were told that the company would no by the 30th of November !
I think we are due an update from the company as to what is happening !
GMCC for someone who has been on this board for quite some time your posts are a bit... naff. Not trying to offend but ur literally talking as though you've just stumbled in here and hope the BOD have the midas touch? You know fine well whats gone on here and how poorly things have gone.
When I see posts like this it makes me wonder if people are just here to paint a pretty picture and aren't investors at all. Strange post for a lth ...
Anglo African Group is listed at companies house with David Sefton as sole director https://beta.companieshouse.gov.uk/company/11963716
Has anyone else noticed the name on the door bell at 12 Berkeley street . I thought the name of our company was Anglo African oil and gas ?
https://ibb.co/x39fwvY
Simple amazing Skittish. Many, many thanks for posting that research.
Thanks skittish , as always great research , as you say “Tilapia seems to be a bit of an oasis in the midst of all that oil related activity “
Look forward to AAOG delivering on their stated intention to produce oil from Djeno , Chance of success high based on drilling results .
Been some good attempts to second guess what will happen next hopefully AAOG will advise us soon what is really going on and if any change of plan is envisaged .
Sincerely hope that JB & team do have the Midas touch ! A few extra special RNS would help move market cap value northwards that would be appreciated please .
Good luck AAOG shareholders & AAOG team
---------
PS Healthy AAOG message board discourse is always welcome , no need for profanity or insults --- some self- awareness & reflection needed please . .
Skittish, you lady wife was good enough to go shopping in Mayfair to do some research for us, the lengths some people will go for us. I noticed that on the door names there was a Simon lee gallery, if you google the name it is a real gallery with a shop and open Monday to Saturday which leads me to believe that 12 Berkeley street is not an accommodation address and is pucker.
Thanks for that skittish, yes agree re. Christmas shopping. Nice to see the silence on the board due to gross unpleasantness being broken by some sensible posting. Heavy going here at the moment but I trust a news flow will begin to appear.
Batten down the hatches as the incoming storm is upon us and is heading towards the UK overnight.
I've been looking around Planet Labs over the weekend (either that or Christmas shopping - no brainer).
I've overlain the licence areas onto google earth and then added in Wing Wah's drilling programme, and come up with this -
https://ibb.co/Y3FbmDV
showing the wells drilled by Wing Wah (my lettering), their real names, where available, and the year the pad was built.
The 2014 wells were pre Wing Wah, the 2017 wells built close to Tilapia, before moving outwards in 2018.
There is an error with N4, as it was actually built at the end of 2018. In July 2018 there was nothing there, August 2018 the roadway appears, by 27th August 2018 the pad appears, by 29th October the rig appears, having disappeared by that date from BN where it was previously drilling, and then by 7th January 2019 the N4 pad is again clear.
How could i have missed that?
So N4 appears to have marked the end of a ten well 2017/2018 programme. It seems to have been a bit of a wildcat, far away from any of the other drilling.
Of interest is my PL image of N4
https://ibb.co/QjcvVr1
has actually attracted more hits than the recent image of Tilapia. Odd.
Wing Wah activity then appears to have ceased completely for 6 months - then between 3rd July 2019 and end July 2019 an 8km roadway is built from around the vicinity of E4 via E5 to N3. By August there is a pad, by September equipment on the pad and by 27th October a rig, which is still there.
Thus far there are no other roadways appearing, so N3 may be a "one off", although a large quarry has been excavated nearby, so that may be a prelude to more road building.
But as I alluded to a couple of weeks ago N3 has been imaged by PL at high resolution almost everyday since 10th November, just after the rig arrived, so someone is really interested to see what is going on there. Interested enough to ask PL to get their satellite to specifically image that site, daily. The imagery would be good enough to count the number of pipes they are using, so it would be possible to work out how deep they are drilling, amongst other things.
Recently, there also appears to be some renewed activity at BN and C, so the rig may be moved there in due course, if no new pads are built.
A large area also now appears to have been cleared to the north of the Chinese Fish Processing plant, possibly a prelude to some major construction. Oil or fish related? Do the two mix? Other than in a can of Tuna? I'll keep an eye out.
I've then overlain the New Age map of Marine III from here
http://www.newafricanglobalenergy.com/wp-content/uploads/2019/01/Congo-Marine-III-Block-Scale-Map.png
over the other two images, and got this
https://ibb.co/37RcqjT
which when added to the Wing Wah well locations gives you this -
https://ibb.co/TR9c9z7
Continued/....
Continued/....
What really stands out to me is how close we are to the massive Nene/Banga field, and the New Age leads and how the Wing Wah drilling, and the leads almost completely surround Tilapia. The area to the east of Kayo Nord is not allocated, hence no drilling there, apart from E5 (ZK182) in 2014 - when there was a blow out.
Wing Wah seem to be going to an awful lot of trouble, if, as some would have us believe there is no recoverable oil in the vicinity.
And others seems to be very interested in finding out what they are doing.
And Tilapia seems to be a bit of an oasis in the midst of all that oil related activity - but then of course JB is playing all his cards very close to his chest.
And this is a close up of all that nearby activity
https://ibb.co/Q6Kg4Fx
To me it screams oil, but others may disagree.
I haven't posted for a few days, but there are a couple of points I'd like to make on what others have been posting.
Tiburn makes a valiant effort to keep our spirits up, but on the mediation issue relating to the court case I'm not expecting news soon.
Mediation is precisely that. It is an attempt to get the parties to agree on some or if possible all the issues, dates, times, places, so time is not later wasted on arguing matters that are not in dispute. It is not a judge saying one side has won. It is probably unlikely to resolve the court case, although the parties could agree to settle at any time. If mediation hasn't worked then the final hearing could be 6-12 months away, at least.
COdey also makes a point about JB/DS feathering their own nests a la WDC/ICON, saying they have benefited from whatever has gone on there.
JB has never had anything to do with WDC/ICON, in any shape or form.
DS is a director of WDC/ICON, was a director here, and earns £90Kpa from ICON. DS via Linton Capital bought 35M shares in ICON at around 0.32p in April. He still has them. They are now worth 0.085p.
So as a nest feathering exercise this has been spectacularly unsuccessful.
BC also makes an interesting point about the licence, saying essentially after 18th July 2020 we haven't got one and any new licence could go to a major with deep pockets. True, possibly, but as per the admission document, the last licence was renewed in January 2015, and I'm expecting this renewal to take place shortly after 18th January 2020. Within 6 months of the end date.
Also giving it to a major, wouldn't look good, especially with the IMF breathing down everyone's necks. And SNPC would say goodbye to their 44% stake, they'd be lucky to get 15% and a free carry, as they have with most licences awarded since 2000. They certainly wouldn't get anywhere near the 44% they have got now, and effectively a free carry as now from AAOG.
If anyone needs reminding they're broke, so they are really stuck with us, as we are with them.
Continued/.....
Continued/....
And in any event apart from the MKB field where they own 60% and are the operator, Tilapia with their 44% is something of a flagship for them. On their website they describe it as a co-operative field. It may come as a surprise to AAOG shareholders but they present as having a real input into the field, and that includes financially. News at this end certainly, but they will want to hang onto that 44%, and any major isn't going to give them more than 15% for a free carry.
And their only other flagship, MKB is simply a series of broken promises and under performance, and has been for the last 20 years. So they need a stake in a success. And Tilapia and AAOG is the only game in town.
Anyway, sorry to drone on.
I'm not trying to pick arguments, just saying as I see it.
And all roads will, I feel ultimately lead to 12 Berkeley Street, Mayfair and one united entity called Anglo African Group -
https://ibb.co/x39fwvY
(Courtesy of Mrs Skittish, whilst on an undercover mission in Mayfair disguised as a heavily laden shopper and spendthrift - perfect cover)
We do need some good news, of that there is no doubt.
Hopefully, but looking at the maps, and sitting tight.