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I am less concerned about the direction that just getting going.
There are two phases to this investment IMO - the first (for which we are on the starting line now) is the initial lift that will happen once the new project (whatever it may be) is vended into AAOG. This should see a significant increase from the current share price as the company becomes a proper business once again. This is effectively the "gamble" that those investing now are taking on the turnaround of AAOG from a failed oil business to a cash shell to a completely different business focusing on a different area.
The second stage is when we know what the asset actually is and then can look at it's potential prospects with an educated eye. At this point we will be able to put a value on the company if it is successful in carrying out its aims and see what the ROI could actually be. This is also the stage when I would expect that the company would go on a marketing campaign and that a wide range of other investors would start to be interested.
So for me, as I have said, it is a bit of a two-fold process. The first stage is the "can't lose" gamble on the bounce that should come from AAOG going back into business and the second is seeing if it is a business I believe in long-term once I know what it is.
GLA
Tiburn. +1 from me. Would be nice to know what direction they have for us we will just have to wait and see.
PXP Energy is the potential financial backer of Forum, established by staff and ownership links.
It appears PXP invest in holding companies such as Forum to conduct various exploration activities in O&G and mining, their group structure is complex with breaks of liability and variable holding %, minimizing risks to the parent company:
https://www.pxpenergy.com.ph/home/our-company/group-structure/
As an example of the scale of funds they channel through these holding companies, a good example is their pure Oil & gas exploration subsidiary, Pitkin Petroleum, in which they have a controlling interest:
https://news.abs-cbn.com/business/04/08/13/philex-petroleum-buys-majority-stake-pitkin
"MANILA, Philippines - Philex Petroleum Corp. on Monday said it has acquired a majority stake in UK-registered upstream oil and gas firm Pitkin Petroleum Plc. In a disclosure to the stock exchange, Philex Petroleum said it has increased its shareholdings in Pitkin to 50.28% from 18.46%.
It acquired the additional shares in Pitkin …..at US$0.75 per share for a total consideration of US$34.8 million, which was funded through advances from Philex Mining Corporation"
PXP basically bankroll Pitkins exploration and drilling programme
Currently, Forum own 25% of AAOG, they may wish to gain a controlling shareholder interest in due course similar to the position taken on Pitkin, paid for by the parent company. They may fund any exploration activity going forward, or the majority of it at least - this shell may not be reliant on dilution, Riverfort finance or other typical AIM minnow funding streams. going forward.
The limit on this shells market cap and growth is dictated by Forum and their owners intentions, but as an example, as $34.8m was spent on consolidating a position in one of their subsidiaries , substantial investment may be intended here to capitalise on the RTO opportunity they have identified.
Another aspect is partnering links and affiliations from the parent PXP/Philex - for example Pitkin is in partnership with Karoon Energy and Tullow on their Peru oil block Z38 -
https://www.karoonenergy.com.au/projects/
Philex mining Corporation who owns PXP Energy also has many links and partnerships in mining sector, with a focus on copper and gold.
Interestingly they established a 50% interest in Anglo American Exploration (Philippines) back in 2009, perhaps they like the name:
https://oxfordbusinessgroup.com/analysis/philex-mining-corporation-mining
Exploration (Philippines).