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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?
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 ?