Bergen irrelevant. Just look at UKOG 150mn traded in a day. In fact they are so heavily traded. ANGS need one heavy trading day and there gone. My guess is there gone already. Remember ANGS have the sweet spot of Kimmeridge :) Balcombe and Brockham back to back. Exciting times.
Evening chaps,
My first buy was when we landed SCC approval around 10p level.
I am sure many people did the same and got caught on the spike.
I managed to get my average down to 8.29p.
If people were willing to pay 10p+ before we even got SCC approval then it suggest Balcombe and Brockham news within Sep month will get us more in the teens.
We also have the best sweet spot for Kimmeridge compared to our peers UKOG. And we are less heavily traded than UKOG. I am hearing that yet again we are on track for Balcombe so the slight rise does not surprise me.
I expect a lot of money (good money) to start moving from UKOG to over here.
Cheers
Bought in at 7p for a quick trade on Friday.
After further evaluating AAOG, I concern is funding now they've changed goal post.
It's not going to be cheap. I will wait to see what happens before reentering.
Good luck all.
7p what a buy :)
cannot believe i got in at 7
In at 6.9 Lovely
Any concerns with funding?
Disagree they new about problem for days surely. Why not provide problem and solution in same RNS?
Just didn’t need the first RNS as soluton provided next day. It’s obvious they want to drag price down. It’s a relief second RNS but 4 weeks away will sadly drag as down for a week or so.
It’s as if they purposely orchestrated share price to drop. I would not blame the BOD but releasing a second RNS a day after is plain stupid. If they would have just issued this RNS today, share price could have held at 9p. Awful decision to double up 2 bad pieces of news 1 month delay is long time to wait
Why did they need to issue previous RNS when James Berwick could have quickly spoken to drilling contractor with solution. It’s costed AAOG 30% off the share price. 25 days is more or less a month to wait drilling in a different place slightly concerning. Who’s to say this might not happen again. I may decide to re enter at 7p level latter part of next week
“You cannot make this up” “Fill your boots” “Wouldn’t want to be out over the weekend” The fine life of AIM :)
RNS was vague providing no indication of time frame and solution.
Essentially leaving investor vulnerable and in a limbo state.
I might be wrong but what i didn't like is that James Berwick apparently meeting drilling contractor and will likely update the market tomorrow with a solution. He could have done that before announcing a unnecessary RNS.
The truth is it's all guess work but the uncertainty of today's RNS wiped off 30%