From Fincap24 Oct 2018 09:39
"Financing facility has been agreed that ensures sufficient funds to complete TLP-103C. The £5m CLN facility is relatively benign, and provides management the flexibility to use the facility at any time in the next 12 months. It has an effective coupon of 10% and only converts if AAOG chooses not to redeem the convertible loan notes. Moreover, the facility is unsecured and has no warrants attached. This is probably the best that could have been expected and allows management, and the market, to focus back exclusively on drilling operations"