Member Info for BarkingCrazy

Iceburg -can you elaborate on the 3 important dates as I have no idea what they may be.

I except negotiations take longer than planned but by putting an already revised (delayed) timeline on expected CPR, production plan, license etc and then missing the new target, why on earth does Sefton do this.
As soon as that date passes the SP drops again. At 9p which is only 0.2p away from the bid now this needs a 50% rise to just get to 13.50p, folk are talking of 30p thats 330% rise. That just isn't going to happen without production being much closer.
Come on Sefton you talk about getting shareholder value but i kind of thought that meant at a higher value not less!

So if this had been a buy the board would have filled with posts ramping away, but as it's a sell it's all gone quiet. Why on earth would someone offload 1 mill just before the much anticipate blow the bloody doors off RNS.
Please lets not have yet more delays

wouldn't call 572K all morning relentless buying, there are many posters on this board that have a holding larger than that.

The Sp is stuck in its present trading range because we have no clear plan as yet to producing commercial amounts of oil. Hurricane Energy was the same, for years the SP sat in the low teens despite the fact they new they had millions of barrels. It's only recently that their price has started to make a sustained rise and is currently sitting at 60p with first oil due anyday.
AAOG has such potential but its been a really slow and rocky process to get to where we are now and mistakes have been made as well as some bad luck which have cost millions and time.The rig seemed to take forever to secure and then of course when it finally arrived it turned out to be a pile of crap. The original pad had been poorly constructed and then the drill took so much longer than expected.
Sefton had to arrange finance to complete the drill which originally turned out to be a really poor choice with forward short selling by the lender causing the SP to tank. We then had another placing at 10p when the SP was sitting at 17p, not good for those that had purchased shares on the rise.
We have been fed tit bits about using 102 to water inject to get 101 producing 400 bopd but no action despite many months passing since first mentioned. Original plan to frack 103C to get into production at over 1000bopd in April but fracking kit still in Gabon.
Now we wait for plan B which has come about due to oil seepage from Djeno past plug, all this uncertainty and missed timelines is killing the share price and causing so much frustration and feeds the bashers.
DS needs to up his game, there is no doubt he has been part of the problem. The next RNS needs to set out a clear route to production, how its going to be paid for and realistic guidance to timings. Also the license terms need sorting, this topic has been going on for ever and is yet another pending issue.
I have no doubt this will come good in the end as we have an oil discovery that should command a SP many times the current level but in the mean time I can't help but get frustrated at the time this is all taking.
We need to stop arguing amounst ourselves, this board has some quality posters on it which offer knowledgeable information and points of view. There are of course some that wish to cause disruption by blatant misinformation and its best to filter these and not respond. However there are some folk (and I include myself in this catagory) that do question proceedings, the way the company is performing despite being a holder.I think this is fully justified as even the most pro AAOG holders must surely admit not everything has been done correctly. Perhaps over enthusiastic holders should sometimes be just a little less defensive and not call anyone that doesn't post positives a troll, deramper or some other name and maybe prepared to accept reasoned debate.
So it looks like we have missed yet another timeline, not surprised and it's fair to be annoyed yet again.

I suspect any news may well be held back until after JB returns from the Congo. Not to bothered waiting another couple of weeks provided the news is worth the wait, be uber pissed off if after all this time it turns out to be a Damp Squib.
As long as we don't get a Dear John RNS after close tomorrow as that would be unacceptable.

Cant see them using a KSA refinery as summer months approaching and shut downs don't happen then due to high demand.

Sounds like production of R Zones and Mengo to me, Will be very surprised if they go for Djeno from that well as i don't think they are confident enough of the integrity of the well at lower levels. They had real problems drill ing lower levels with pressures.

104 not 104C

Tiptop you do seem to be a little more conservative now and not so much thinking along the lines of producing from the Djeno at well 103C.
I'm get the distinct impression it's going to be back to plan A, R zones and Mengo from 103C and then wait till 104C is drilled for the big prize.
As I've said before it's going to be 2020 before 104 is drilled and I suspect August before producing from 103C.

Well what that video of the site shows is they need to spend a shed load more on topside infustructure, blimey our local scrap yard looks better than that.
Thats a very disappointing look at just how basic things are on site, expected alot more to be in place to be honest.

Whoof Whoof.

Not that i think Mr Aim is normally worthy of any kind of recognition however SardyPaul you have just posted the most ridiculous statement i have ever read on this BB.
Firstly you state there have been no delays - OMG every frigging drill, frack, report, licence and anything else you care to think of has been delayed.
Then to go on and say when we bring the oil to surface is irrelevant is just such a stupid thing to post without thinking of the financial implications of any delay beggers belief. I don't know about the rampers list but SardyPaul you are at the top of the dumb and dumbers list.

With only a volume of 700k all day it doesn't look like a blockbusting RNS is due in next few days!!

I did say when the RNS came out that the CPR would be delayed till second half of May you should read that as end of May, much to some folks disgust. So now I see another holding RNS coming out next week saying we haven't quite decided what to do yet but it will be worth the wait.
I can't help thinking they know the real timetable all along and as I've said many times before I can't see 104 being drilled this year and if the plan is to use same rig to sidetrack or remove plug from 103 then its going to be a bit of a wait.
Reckon it will be worth it in the end but these constant push backs which never materialise need to stop, just come out with the true timetable.

Tiptop what is your best guesstimate as to when all the stars will be aligned and news of such being released to market?.

All these are signs that AAOG is finally about to hit the headlines......soon....ish ;-)

Blimey it's been soon....ish for the last 18months!!!

Well its a hold from me, certainly wouldn't increase my holding on that call but likewise would't sell.

I do want to sell but at £1 not 3.3p so bring on loud noise.

Bit of a blatant tactic to get folk buying. Print a 1,000,000 buy and everyone thinks it's someone in the know. Don't show the cancelled trade for several hours and then show correction to 100,000. In the mean time folk pile in SP rises and then the sells appear.
All a bit to convenient with news due anytime the slightest hint gets the chatter going. In reality the lack of SP movement was the obvious clue that the trade had been cancelled straight away.