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As shareholders we have the right to know if our well has been successfully plugged as this is very positive next step toward the re-entry. If there was a problem we should be notified how this problem is going to be rectified. If news like this is not being relayed to shareholders weve got to question why !!!!
Everything about this company looks amazing on paper but the SP is not reacting like that.....why ???
I believe lack of transparency regarding any progress is allowing this SP to be manipulated down. £10m mc is now beyond any sensible valuation imvho
As shareholders we have the right to know if our well has been successfully plugged as this is very positive next step toward the re-entry. If there was a problem we should be notified how this problem is going to be rectified. If news like this is not being relayed to shareholders weve got to question why !!!!
Everything about this company looks amazing on paper but the SP is not reacting like that.....why ???
I believe lack of transparency regarding any progress is allowing this SP to be manipulated down. £10m mc is now beyond any sensible valuation imvho
Good to see some blue though. At £10m this is a bargain if only just for site near New Age
C99....in which case they should give an update to say at what stage court case is, what stage plugging is....plugging was supposed to have begun 4 weeks ago......something will have definitely happened onsite but why have we not been told !!!!????!!!!
So much potential here !!!!
Our management are not helping either. Has our well finished being plugged????, that was 4 weeks ago, has SNPC paid us any more money????, what's happened to the SMP court case????, have we hired a rig ??? Or are we still looking??? These shoild not number secrets any progress would be positive and transparency helps build sentiment. Even if these bits of news are not complete for release our BOD should be keeping us informed of progress. !!!!!!!!!!!!
Its indicative LTH can keep adding to this list if positives , yet the list of negatives Trolls can conjure up is ever decreasing, out of date, completely irrelevant or totally made up.
We also get banal platitudes like, "well if they don't get the oil out then its all over" we all get that, thanks
Some more positives to add:
Oil is already found in Mengo and top Djeno - CoS of sidetrack extremely high
Fallback prod route in Mengo/Rzones at any time to 1500 bopd if no Djeno this drill
....
150 Years of technical team African O&G experience
IMF bailout and Oyo oil find revenue - SNPC ability to pay for drills upfront increases
Debt free
Only circa 400m shares in issue
Money in bank
Only £10m market cap
Money owed from SNPC
Possible money back from SMP
Proven oil flow from our Djeno
All our payzones were laiden with oil
Rich neighbours in New Age
Sought after Acreage
Accomplished CEO
Already a producer
Offtake agreement in place
Infrastructure to produce upto 2500bopd
Stable government in Congo
Very exciting 103c well re-entry
Letter of intent for new 25yr licence
Djeno reservoir world class
Djeno oil 43 API
Minimal decline rates
High pressure gas charged reservoir
5,000 bopd readily produced in area
Several billion barrel reservoirs locally
BC, yes we need to get oil out but weve proven oil flows from our Djeno from onshore with minimal overheads. That's got to be worth a huge increase in the value of our company. Also New Age are now very rich and we own the centre of their block which is surrounded by their leads. This must have massively increased the value of our asset. I'm not expecting billions but they are paying billions for assets very close so we must be worth more than £10m. Our oil infrastructure alone would cost $20m to replace. Nothing is being valued in £10m market cap !!!
Lotto tonight is 13mill but you can't have it unless you pick the correct numbers.
That long list from Tiptop is absolutely worthless unless they get the oil out. To do that they need a rig - Book the rig and then lets get excited but in the meantime no news causes concern and past experience has shown things rarely go to plan with this company.
Thanks TT, some more to add to list:
150 Years of technical team African O&G experience
IMF bailout and Oyo oil find revenue - SNPC ability to pay for drills upfront increases
.....
Debt free
Only circa 400m shares in issue
Money in bank
Only £10m market cap
Money owed from SNPC
Possible money back from SMP
Proven oil flow from our Djeno
All our payzones were laiden with oil
Rich neighbours in New Age
Sought after Acreage
Accomplished CEO
Already a producer
Offtake agreement in place
Infrastructure to produce upto 2500bopd
Stable government in Congo
Very exciting 103c well re-entry
Letter of intent for new 25yr licence
Djeno reservoir world class
Djeno oil 43 API
Minimal decline rates
High pressure gas charged reservoir
5,000 bopd readily produced in area
Several billion barrel reservoirs locally
The reason I compiled this quick list was to highlight the resounding positive points about this company . For a while there has been so much noise on this BB is difficult to remember the reasons many of the LTH have stayed invested. The list is not spin and is built of indisputable facts. Clearly the company is not faultless but I hope this list helps to prove how much is right about AAOG when compared to its peers, especially at £10m market cap !!
Debt free
Only circa 400m shares in issue
Money in bank
Only £10m market cap
Money owed from SNPC
Possible money back from SMP
Proven oil flow from our Djeno
All our payzones were laiden with oil
Rich neighbours in New Age
Sought after Acreage
Accomplished CEO
Already a producer
Offtake agreement in place
Infrastructure to produce upto 2500bopd
Stable government in Congo
Very exciting 103c well re-entry
Letter of intent for new 25yr licence
Djeno reservoir world class
Djeno oil 43 API
Minimal decline rates
High pressure gas charged reservoir
5,000 bopd readily produced in area
Several billion barrel reservoirs locally
I largely agree although they actually know far less than several people on this board, never mind elswhere. I know this to be the case because they all keep on barking up the wrong tree.
While there's never any absolute guarantees, there is definitely some much better informed views that a sharp turn around is coming some time very soon. If you are already holding, you won't have to worry too much whether it's today (much preferred!!) tomorrow, or in the following few weeks. It will come when it's ready and should be worth the undoubted pain endured.
If not already holding they will fret on the hour, scream at the bod for updates while calling for their heads, and repeatedly make up what they THINK other people are less likely to know.
The more they make Muppets of themselves, the more confident I become.
GLA
Washers leave them alone. They are doing an exceptional job. Their continued devotion to driving this share price down has helped us all to average down. Taking into account that we have huge imminent potential , then we can only say at this stage they are doing us perdons,who are in for the long term, a massive favour. Just consider this, they know nothing more than we do. Therefore we have nothing to fear other than possible lies by the BOD. Otherwise we have a gigantic rerate coming our way. We pays our monies .. we take our chance. .and those that don't.. well thanks for your free assistance and valuable time.
Certainly appears it’s decision time for C99 , Angela ETC they are working particularly hard attempting to deflect the huge imminent potential of AAOG.
News on multiple fronts due.
Let’s hope for a nice gap up.
GLA
You can't say they are not as "invested" in aaog.
Certainly spend more time on the subject than most holders - it must take hours to dream up some of the more elaborate theories. It's like their livelihoods depend on them getting their points across?
Desparate times for a few of them.
nm
Posted by Tiptop earlier. This is why AAOG is a huge buy IMO. If AAOG get it right in the next couple of weeks real value will be many multiples from here.
Only circa 400m shares in issue
Money in bank
Only £10m market cap
Money owed from SNPC
Possible money back from SMP
Proven oil flow from our Djeno
All our payzones were laiden with oil
Rich neighbours in New Age
Sought after Acreage
Accomplished CEO
Already a producer
Offtake agreement in place
Infrastructure to produce upto 2500bopd
Stable government in Congo
Very exciting 103c well re-entry
Letter of intent for new 25yr licence
Djeno reservoir world class
Djeno oil 43 API
Minimal decline rates
High pressure gas charged reservoir
5,000 bopd readily produced in area
Several billion barrel reservoirs locally
And a 2.6p share price. Nuff said.
GLA