Member Info for BarkingCrazy

So how is ATOG going to raise capital

So 389K sells in the first 3 trades, not everyone seems as positive as most on here. Personally i wish they would just concentrate on getting 103C in production and then get 104 sorted. Nearly April now and no CPR or Licence.
We were told JB was on a visit last week so nothing coming from that. It's all getting a bit frustrating

Lets hope this is an action taken as they are confident enough for future contract and revenue and not a case of get the money now whilst it's still there before the company goes bust. Personally i would have preferred it if they had at least waited for a contract.

With the lack of volume and no anticipated "RUSH" to get in before close I would say next week may turn out to be RNS free.

Drewky - you should know by now that if you post anything other than repetitive, ramping, bluesky, positive, 50p club posts on here your going to get called names. I'm afraid balanced debate is not allowed.

Degsy Almond has got himself a new ID eh JD01. Just can't stop yourself can you, aka tidy2 on another site.

Absolutely agree re fundamentals but your previous post stated April Production for 103 and August for 104. These were written as if fact and thats my beef as it's these sort of posts that cause the disappointment when there are delays.
It may be worth pointing out that 5000 bopd from Djeno is what is hoped for but theres no guarantee of that. Firstly we need to get to the correct level this time and then flow test.
Indications from other wells nearby show that chances are good but lets not count our chickens just yet.

Seems like Tiburn still believes. Some folk just keep banging on production in April from 103 and Djeno 5000bpd in August.
Tiburn no chance buddy!!

Not wishing to come across as crowing but I TOLD YOU SO . The CPR was never going to be early March, the same as 103C will not be in production in April. The problem is folk hang onto these timelines which end up being a shorters delight as when the expected date drifts past the SP immediately comes under pressure which the shorter will take advantage of and cause the SP to fall further.
At the risk of upsetting folk more please don't bank on 104 being spud in August, I will be very surprised if we source a rig and get it to site this year so best work on that rather than be disappointed again in August.
It will come good in the end but surely by now you have learnt that not one thing has come in on time or on budget.

Are you sure about that!

I am an investor thank you very much and not too bad at it. However you need to look at the complete picture in this game taking into account the potential hazards as well as the potential gains. To simply only look at the positives will more often than not end in tears.
As I have said before I believe we will do well with this share but it's not all plain sailing and there are some bridges to be crossed and questions to be answered first.
Good Luck!

You can guarantee if it had been the other way round and there had been numerous sells with a one off 248K buy you would be spouting on about someones in the know, must be good news coming and other ramping drivel.

Apart from the 248K sell you forgot to mention. Yet another example of not giving a balanced view.!

Nope not sold any still have my 500K. I just think folk should look at the complete picture instead of one sided. I truly believe we shall see a significant increase in share price over time but don't expect it to happen overnight. Having been in this share for quite sometime now and had a few kickings I learnt to take off the rose tinted glasses and try and take a more balanced approach.

Forgot to mention your 7000 BOPD which is too high a figure anyway will be 3920 net to AAOG.

Morgan Stanley you are exactly the sort of poster that only uses best case figures and ignores reality. Firstly the 1500 BOPD will only be 840 net to AAOG unless it is agreed to use 100% of revenues to pay off monies owed. This flow rate will only last for 18months.
You say 104 will spud later this year, I'll bet that doesn't happen. 104 will almost certainly be next year as they have said they need to upgrade topside infustructure. You are assuming a 5000 BOPD from 104 not taking into account any risk of failure or missed target, remember they didn't get to the lower sands so it's not guaranteed. You also seem to have ignored the current cash burn and need for more funds for 104 together with sourcing a suitable rig and mob costs.
So I think your outlook is somewhat simplistic and over optimistic but I'm sure we will be better off in the end but it will be a rocky road.

The bid is back to 9.5p. So why is that and why is it not at least double that as so many have promised so many times.
Firstly I would say that although 103C found oil at all levels, the big disappointment is the lack of production from this well from the Djeno. They spent way over double the estimated budget on this well and the duff equipment has prevented them reaching the lower sands of the Djeno and so we now have to produce from R and Menjo layers.
So this is a good plan B but as we are told the drop off flow rate is quite dramatic after about 18 months to approx 400 BOPD which if things stay the same will only give AAOG 224 BOPD. In the mean time no mention of 101/102 injection plan , a plan that my or may not work so they only produce 30-40 BOPD at the mo.
Whilst we wait for the fracking equipment planned early April but if early is the same as early March CPR we continue with expenditure on a daily basis far exceeding income and any monies repaid by our partners will be eaten up.
The much hoped for CPR should be a welcome boost as long as it reveals what everyone is banking on as any short fall will not be well received and to those that believed early March let that be a reality check about every single thing this company says is never on time.
The license renewal is probably as important as anything as without it you could have a billion barrels but with no license you can't get it out. I believe it will come but I don't think it will be as soon as many expect.
Finally 104 is now the well with everything riding on it, if they fail to produce from the Djeno from this well, i think the long term rewards just won't be there. The chances are good for this well but the company will need more money for this and this along with the above mentioned is why at this very moment we can't break out of this 9.5 - 10.5 range.

I don't think it's a question as to whether the licence will be issued but more of a case of the terms. As I said before you can't negotiate the terms until you have all the facts (CPR) in front of you.

The negative is that they won't be able to sell it at this stage so it's dead in the water right now.

The problem is expectation and timelines. Everyone is expecting the CPR to say 300mbls now so anything less will be a disappointment but in reality 200mbls would be a stonking result.
The licence has been promised since this time last year but again in reality it was never able to be negotiated properly until they knew exactly what the had. Folk should really step back and think logically about these factors. I have no doubt that this SP will be much higher in time but as of today there are a number of loose ends that need tying up and then we can move on.
I do wish dates and figures were not branded about as fact by some as they are almost always over optimistic which ultimately ends up with disappointment.