evenstevens, Do get a grip. I have never expressed a disgusting view on violence towards women. Violence towards women is disgusting. The view that I have expressed, evenstevens, is that you are the sort of disgusting individual, riven constantly with anger, who is probably violent towards women. Those are not the same thing.
If JB is not sitting around waiting for the ISA proceeds to come in then what, pray tell, is he doing?
He said he was negotiating with rig contractors for a drill in November.
It hasn't happened.
Unless he is still negotiating, like some drunken snail. I doubt it. Seriously: how can a rig contract take three months to negotiate? That is nonsense.
He said also that the PSA for the new licence would be finalised in October.
And nothing. And we are now well into November.
Wake up and smell the coffee.
It is very simple.
As JB said in the interim report, AAOG needs the ISA proceeds to drill the sidetrack.
And the ISA proceeds are coming in much more slowly than hoped, because the SP is so much lower than 5p.
That is why he hasn't been able to sign a rig contract.
And that is why the sidetrack hasn't been drilled. This isn't, if you will pardon the phrase, rocket science.
As for the licence negotiations, the answer will be the same. The Government aren't going to give AAOG the licence extension without proof that AAOG can get oil out of the ground, because if AAOG can't get oil out of the ground then they will give the licence instead to someone who can. So they are not going to give the licence extension until the ISA proceeds have accumulated to the point that the sidetrack can be drilled.
When will that be, if ever? No-one can say. And that is why the sp is so low.
Of course, if you are investing in the share because you think there is going to be some sort of bidding war between Xi Jinping and the Kremlin over this piddling little licence, then knock yourself out. Good luck to you.
Thank you for thinking of me, “truthfactory” and stellastella.
It has been far too boring to comment. Sure, the sp has moved up to a dizzying 3.5p. The giddy heights, on a share that IPO’d at 20p.
But more importantly, and as I have said more than a few times, the future of this company depends on it drilling the sidetrack.
And it can’t drill the sidetrack without the money to drill the sidetrack.
And, as JB explained in the interim report, they can’t drill the sidetrack without the ISA proceeds.
And the ISA proceeds depend on the share price’s relationship to 5p.
The share price’s relationship to 5p is ... not good. Even at 3.5p.
That is why, for those like Tiburn who are a little slow of thinking, the rig contract negotiations have now been going on for months, and months, and months. It is not because JB negotiates at the speed of a drunk snail, as Tiburn would have you believe. It is because AAOG can’t sign on the dotted line without the money. And it doesn’t have the money.
So enjoy the phenomenal rise from 2.5p to 3.5p. But you would be fool to think it means anything, unless and until there is a drill contract signed.
You asked for my views, “truthfactory” and stellastevens. There you have it.
Now get on as you usually do, complain to LSE, and ask to have the post taken down because you are tearful and frightened by its contents.
That is what the company has promised.
I have doubted it, myself. And received visceral abuse (ongoing) for my shocking impertinence in daring to say that, maybe, no such sidetrack will happen in November.
28 days. And I bet you no sidetrack has been drilled at the end of them.
It is good that everyone is confident they are going to drill the sidetrack sometime soon.
They said November.
So that is very soon.
Yet no RNS about the rig contract. And they have been in negotiations for months, and months, and months, with the rig comoanies.
Why no RNS?
It is a mystery, eh?
I wonder what the answer could be...
But Tiburn says the company doesn’t need the ISA proceeds to fund the sidetrack. Riverfort were obviously told otherwise, which is consistent with what I have said all along, and consistent also with the fact there is no rig contract yet.
So the question remains: what are the ISA proceeds, and will they be enough to fund the sidetrack?
It is funny how often pertinent, innocuous, inoffensive, but nevertheless challenging posts get deleted.
Some people don’t like to have their views challenged.
It makes them angry.
They like to shut people up.
I see, Tiburn. So the reason there is no rig contract is not that the company doesn’t have enough money to contract a rig. It is because they are negotiating a bigger rig contract for more drills that takes much more time to negotiate.
Is that your new theory?
Or is it some other new theory?
Do tell, please.
But as for Tiburn, please do tell: do you still maintain that the company has the funds to drill the sidetrack without the ISA proceeds?
You have insisted that is the case, over and over again. You have even done some amateur cashflows to try to convince me that JB wasn’t telling the truth in the interim report.
So if you are right: why is there no rig contract? Seriously: why?
There is no other word for it.
Sober up, and get a grip. You shouldn’t be posting this absurd fantastical nonsense. Soneone might read it and think you actually had some evidence for it.
And you complain about the people you call “trolls”. The hypocrisy is quite staggering.
No, Tiburn, I am not “in denial of oil found”.
As usual, you wilfully misunderstand.
Of course, I am crediting you with enough intelligence to understand. That may be my mistake.
On the contrary, what I am denying are the ludicrous fantasies that you constantly peddle on this board.
They are genuinely, truly, ridiculous. You and skittish need a bit of help, I am afraid.
Tiburn and TIPTOP,
Do you get paid for every fantasy you post?
And do you get more money the more ludicrous the fantasy?
You are getting almost as silly as Truthfactory and his absurd fantasy about being a billionaire on the inside track: a man who can spend £600,000.00 on AAOG shares without breaking a sweat.
Tomorrow, no doubt, a man will drop a newspaper on the platform at Temple station. And it will be: A Sign. A Sign that that the PRC are going to mortgage the Forbidden City to buy our precious acreage.
You would do well just to calm down and kerp your fingers crossed that the ISA proceeds end up being enough to pay for the sidetrack, otherwise itvis the end of the story.