Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Highlight of RMP relisting:
1) share consolidaing 100 to 14.
2) No market capitalisation yet.
3) No shares in issue yet.
4) Only those who averaged down will be in profit at the begining.
5) To sell at the begining is questioable.
The above may or may not apply to AAOG.
RMP(Red Emperor) went bust after drilling a dry hole in Greenland two years ago and was delisted. They are relisted again as FME(Future metals) on 21 Oct 2021. They are in the process of minig copper in Australia at the present time. If RMP can do it AAOG can do it.
But isn't it fun?
AAOG still active at Companies House
https://find-and-update.company-information.service.gov.uk/company/04140379/officers
Guess the horse has not been buried yet.
Hello all, I look in here occaisonally to see if anything is happening. Am I wasting my time?
This ( https://www.proactiveinvestors.co.uk/LON:AAOG/Anglo-African-Oil-Gas-PLC/rns/808844 ) is the most recent amendment to the consideration, that I am aware of, petroleum1,....it indicates:
" As a result, shareholders in AAOG will no longer have any exposure to the Tilapia asset or its liabilities or receivables from the Revised Completion Date."
BW
wraith: If I remember correctly that if the licence was approved there was going to some arrangemet in the shares between ZEN and AAOG.
Yep, ZEN did, Keving23...."Zenith bought AAOG Congo in April for £200,000. State-owned Société Nationale des Pétroles du Congo (SNPC) owes AAOG Congo around $5.3 million" ( Zenith bought AAOG Congo in April for £200,000. State-owned Société Nationale des Pétroles du Congo (SNPC) owes AAOG Congo around $5.3 million ),....I have shareholdings in both, AAOG & ZEN, followed the Tilapia asset, buying ZEN shareholdings when ZEN bought Tilapia asset.
BW
I said before :
"It does not look to me the tax allowable of £42million will be used up with Saltfleetby deal. I think that Sara may have to make another deal in addition."
Today Angus issued a new RNS talking about developing another field Lidsey?
Seems to be a Shell Company or not ?
THese normally turn out to be quite lucrative is manged right?
Dutch
Didn't zen buy the license of aaog for peanuts
can't access the message as twitter said it is deleted.
The following must be rubbish news:
ZEN issued RNS on 2nd November saying that they raised £3 m by placing 272,727,273 shares. They said the reason for the raise is partly to pay for finalzing Tilapia licence:
" £250,000 - Tilapia II licence, (located onshore Republic of the Congo), development costs, including finalisation of licence award process and employment of operational personnel to optimise the planned beginning of drilling operations in well TLP-103C."
https://www.lse.co.uk/rns/ZEN/completion-of-subscription-for-new-shares-wogmca3j8u5ld5n.html
They also said that they are moving their rig to Africa. Is AAOG partly owned by ZEN?
No it cant be ...it got to be rubbish news.
Is there a connection between AAOG AND ANGS?
https://Twitter.com/zopelyforver/status/1455285827773272064
At this stage anything would be welcome .
Irishmouse.
It does not look to me the tax allowable of £42million will be used up with Saltfleetby deal. I think that Sara may have to make another deal in addition.
4.9p would be nice with my average of about 0.93p
Petroleum 1.
As much as I like your figures, we will however get heavily diluted if we start trading again. But if we get a 25% share and the field is a success it will be worth it.
Sarah Cope is very good at raising capital and knows the right people, have a quick look at her CV.
Revised NPV of Saltfleeby:
P90, NPV10 of £25.4 million
P50, NPV10 of £38.5 million
If you reverse 50% of Saltfleetby above values of P90 and P50 into AAOG you get £12.7million and £19.25million respectively. Taking AAOG shares in issue of 439,958,935, the expected share price for AAOG will be 2.9p-4.4p repectively.
ANGS released an RNS this morning. Things are looking up with a positive CPR, now the million dollar question…. Will we get a percentage of it ?
Yes sell the site, share out whatever money they can get for it !
Sarah Cope Has far to much to do , what with being a Director of five Company’s and a partner in a sixth, that must be the reason she does not answer the phone!
Angus energy(market cap £10m) and who are the owner of 51% of Saltfree gas reservoir issued a RNS today saying that they managed to extend a payable loan period by 6 months. As a result the
share price went up. They could do with £42 m tax allowable from AAOG.
It’s not going to happen, I don’t think we can get the money!
I assume that the next shareholders meeting will be called to ask shareholders to vote on the Saltfleeby buy in. I live in hope.
So still no information about the annual shareholders meeting ?