Member Info for BarkingCrazy

Bid now 2.2p, not far to go till the 1p range.
At this rate the market capital of the company will be worth less than the cost of completing the sidetrack by the time we get round to it.

I'm not blaming them, your missing the point which in it'self is quite funny.

You nasty green boxes, I'm blaming you 100% for the appalling SP and it's nothing to do with how the company has performed.

Last RNS was nothing more than an holding statement to take pressure of for rest of the month. First week in December will be next one saying rig on contract till end March 2020 so earliest spud date will be mid April.
Licence news won't be till January IMO, just a hunch.
Meanwhile back in red territory for yet another day.

RNS out about fundraising for WN. Had to happen for them to pay their share.

Closing price today has obviously stunned everyone to silence.

Take your point Fyoz, I agree stuff maybe going on but nothing thats materially positive and making a jot of difference to the company or its SP

Tiburn I 100% agree that after a couple of years pumping out of the Djeno (provided all goes to plan) it will provide much more revenue. The point I was making that if they had opted for the R Zones and Mengo there would have been enough revenue by now to fund a new well 104. Instead we have had to raise funds again that are a constant drag on the SP.
Theres no question the original plan would have kept the SP in double digits, have less shares in issue and probably a much less confrontational BB.

The thing is somebody always gets a wiff of what going on and I'm afraid the SP and volume tell the story. Absolutely nothing is going on.
Why are we in a closed period, AGM doesn't mean we are in closed period.

Tiburn I am also a holder of RBD. My initial purchase was 0.65p and I did sell half my holding in AAOG to top up @ 1.37 in RBD. Luckily my average is still in profit but yes the huge placing was a bit annoying. However the money is being used to take a greater share in 2 very attractive prospects which will offer excellent returns. The difference is the management of RBD have played a blinder and have proved to be very shrewd businessmen, not a penny has been wasted and it is for that reason they have attracted significant institutional interest.
AAOG have a potentially fantastic assets but this management, particularly pie man have p*****ed money up the wall with poor discussions and bad deals and for that reason they deserve to be criticised until they prove otherwise.
Plans involving 101 and 102 were mentioned but seem to have been shelved and many on here including me feel that they should have stuck with the R zones and Mengo from 103c . Had that happened they would have been producing valuable revenue from April removing the need for this latest toxic funding and putting things back by a year. To talk of this being a back up plan fills me with dread, we should be drilling 104 now not a sidetrack.

You would think that with Maersk fitting up to 140 ships they would be knocking on the Quadrise door wanting MSAR to get the commercial advantage. However all seems quiet on the Marine front, what is wrong is it Quadrise or MSAR thats the problem.

Well Tiptop it doesn't take a rocket scientist to work out all is not as it should be.

So at 10p you thought the price was being held for a merger. At 2.5p you state we are now a take over target. Maybe but at such a lowly price any offer will be below 10p. They should have accepted the 20p a share off months ago.
Whats the below 2p theory going to be, a dodgy deal with ATOG who take control and leave all LTH well and truly roggered.
I note you have decided a 25p party is more appropriate, a 50% reduction from the 50p party you used to spout about. Soon be talking about a 10p party which will need a 10 bagger by then.

It doesn't matter whether your positive or negative AAOG at this moment in time the SP is below 3p and to me that tells the true story of just how good ,or bad in this case, the company has performed over the past 12 months.

Still some selling going on . Very tight spread, anything beginning with 88 is a sell and 89 is a buy

TF you are so right, sensible debate should be welcomed and from both sides. It wasn't until DS resigned that some would except he was useless despite the horrendous finance deals he put in place. He cost this company many wasted millions and saddled it with finance deals that will act as a weight around our collar for many months to come.
I am a shareholder here and although I sold half my holding a few months back @ 3.8p have recently increased my holding back to 75 %. Being a shareholder does not mean I have to accept that everything is rosy and i will continue to post comments that maybe less than flattering towards the company if they are justified.
Our asset has the potential to earn shareholders a lot of money but to date things have been less than impressive. From the defective pad, the substandard rig, change of plans, suspended CPR and licence negotiations taking forever it has not been a positive 18 months or so.
We have had 2 bits of news recently that have a positive slant but both the RBL and Rig agreement are, at this stage, provisional so I do wonder if other factors are simmering in the background.
Agreed we have established oil at multiple layers but it isn't worth anything to us unless we get it out in commercial rates so I remain cautious until concrete facts are disclosed and just wish some of those that will have nothing posted negative about AAOG would be just a little bit more balanced in their outlook and perhaps take out their frustration at the company rather than just name calling, rather shallow that.
Good luck to all LTH and AAOG just get on with it!!

Can't take too much more" Looking Good," SP is down 7.9%.

If rig contracted is extended it runs to end of March Washers. So if that happens it will be mid April before 103CST is spudded with Mobilisation and at least a week setting up.
So no later than early March is wrong!!

Obviously good news a rig has been selected, however when i suggested some months ago we would not be drilling until 2020 I was called a troll and accused of trashing my own investment. I have always posted my true beliefs even if they are not particularly palatable.
So here we are earliest January but I will make the prediction that April is much more likely. This news has been met with a mooted response with 692K shares traded in first 110mins of trading and the sells being the lions share. With the ISA sells with us for many months, and under performing,I can't see this moving up on any news now until the drill is underway.

Do I detect a potential troll??

No another realist.

Total Boredom set in now. 224K shares traded in 4 hrs and majority of those are sells.

Que News soon, great asset, deal of century , rig booked, license sorted dreamers.