Member Info for Drewky

The first part Irish I agree with but if in the second part SMP behaved in the way you suggest then I'd run a mile from them. I don't believe they would've done that.

I also think the claim may be paid for by way of payment discount towards the next drill

This is just a bashers fuss pot. DS informed us after the success of the drill that he was to seek compensation from SMP. Did anyone seriously think they wouldn't try to wriggle out of it?

Aaog are quite within their rights to withhold payment and it is only a part of their claim. SMP have a seizure order that has wrongly been awarded because they have seized something that doesn't belong to AAOG so we can expect that to be quashed at least in part. It's my guess mediation will sort this at between 1m and 2m unless the company are resolute in wanting the full amount claimed in which case it will drag on through the courts which I very much doubt either party would want

I wouldn't read much into that. One because the article is referring to big boys LNG project negotiations being delayed and two because my understanding is that we are to feed the domestic marke. My guess is that he's referring to it taking two years to set up and start the gas movement to Kenya. In further news today neighbouring Mozambique have now delayed their fund raising of $23.5billion for their LNG project.

Can somebody explain to our friend Mr Aim that you have to at least own shares in order to influence who gets removed.

Well said TF. There are far to many who expect business to be done because they snap their fingers

Thanks for updating on what you have been involved in so far

There is no need to question the current asset imo We do have to remember that this process was started before the success of this drill was known so it's not entirely surprising as they did indicate they were looking at further acquisitions.

Having said what I did yesterday about seeking at least support in principle before committing funds to this, that still stands and my annoyance lies with that.

Maybe our key shareholders would like to enlighten us as to whether that support was given at the time and since changed because of our current situation as in March.

I'd just like to know the facts, simply because this sort of thing raises trust issues but as I say, I really don't feel the need to question that the oil is there to be lifted. It has been publically announced and the quality of oil identified so if they were lying about it, then the would be sent hell and back.

We I believe are still in the right place and though this is a blot on management copybook, the investment is still an extremely good one imo

DYOR

Having just read further some explanation to cp it seems somethings have changed a bit but how much that would affect the point I make is unclear because with your next exploration not being until end 2022, you are factually limited to what you already have.

The point is with Tanzania signing all these agreements to supply, somebody is going to have to allow the gas to be released out of the ground. We are ready and waiting to go with 1.87tcf waiting to be pulled up and as soon as the papers are signed, you can be sure we will be moving asap.

I think its great news all around tbh

Mick if I am reciting last years data then perhaps I have missed something on the capacity front but I am not aware that things have changed on maximum capacity front? My understanding is that you actually reduced production over there due to reduced demand at one point but as far as I am aware your total capacity still hasn't improved? Correct me if I'm wrong.

As for the exploration drilling not until at least the end of 2022 then what is incorrect about that? After all it was in the years end report only recently released.

BTW don't automatically think that I am stirring up bad relations between us, I am merely showing a true positive situation about the share I hold. There is more than enough demand for both to thrive mid to long term which I have continually said but my point stands on merit, that if you cannot increase your maximum capacity until realistically at least 2023 and LPG being 20 years away then who can possibly fill that void in the mean time?

I don't see what you have to beef about unless you have in fact increased total capacity from this time last year

What can we really expect when the system is rigged to pull the wool over the eyes of the inexperienced.

Why can it not be regulated that the truth must be reported the way the action really is. "BUY or SELL" even a novice on a computer could program that, but no, it seems we have boffins come up with a complicated mushroom shit-feeder, hidden behind a posh name called an algorithm.

Like much that goes on in the markets... Deceit by Design

I still feel very strong about the potential of this company and still say strong buy, but I'm not happy about what has just been revealed.

Surely if you are looking for backing from your larger shareholders you ask them whether they will give at least "in principle support" before you spend a fortune on due diligence?

The reasons they have not given that support is surely the same now as it would have been then and that is effectively "walk before you can run". While I'm not one who would wish to miss an opportunity, I agree with them in this case and quite obviously that cash from AAOGs point of view would have been better spent elsewhere.

Unless I'm reading it wrong, we now have a situation where our two top men have acquired a company for themselves at our expense with no guarantee of us getting our money back and no sign that we will profit from if they make a success of it.

Please put me right if I have got it wrong, but if I'm right it is a peg over the nose time.

Saying that, the prize here is still to large for me to walk away from, but it does concern me and my suspicion level has been raised.

"To come from". Bloody predictive, must learn to proof read

I just can't help but wonder where all this gas is going time from?

With LPG likely to be 20years away and our neighbours confessing almost full capacity and that they will not be drilling a further exploration well until at least the end if 2022 it leaves a massive gap in the supply chain.

So who is the most obvious candidate as it sits currently on 1.87tcf?

You are welcome, hope we chat properly and discuss things further in the future. Good luck with your entry point

Why? rxdav. The answer is simple, there is no need for you or anyone to rush in at all at the moment because if it doesn't come by month end, then even a small fractional fall could make you a further gain by buying later. If it does come as hoped then it will be a scramble and the possible gains you may make by waiting could well be swamped by the premium price you might have to pay.

That's no skin off my nose whichever way you choose and that is the personal gamble we all take, when as Edgar said yesterday about searching for the bottom.

Is it a bargain. For me absolutely 100% it is. I have felt that way all the way down but the SP has beaten me up to now and the sp being where it is, doesn't make me wrong in that!

Is it the best price you will get? It is a question that none ever asked me and yet it is an entirely different question. The answer to that one is how long is a piece of string. Some of the guys say it will go down as if it is guaranteed but they are only guessing, a hunch, maybe years of experience, who knows, but they have no factual data to support their view, so basically I just see that as deramping for personal agenda. My upwards values are and have always been based on the companies assets and the research I have done, plus, the company moving forward with it's plans! Only after that is done will you be able to judge me. The delays or should I say the extent to which they have happened could hardly have been foreseen by any of us and with the Government controlling the release of the magic key, we we cannot start to realise true value until they do release.

My conviction remains that they will release soon and we will see full value so yes it's a bargain whatever the price around these levels.

Wow are there still people out there that don't see this as a bargain price already :0))

I honestly don't see any further big drops from here even if it doesn't happen on schedule and as cp says! Although I wish it would, even I don't expect it to come just yet, Shock! Horror!

Max you just answered your own question. Behind closed doors means exactly that and when in critical discussion, whether you me or the gate post like it, they perhaps just cannot say anything at all, in case of screwing the pitch.

If the Bod were laying all before us in the way you and many others have suggested at times, they could be giving the oppositions negotiators the advantage. If that were to happen you really would all be screaming incompetence. While I want to know everything as much as the next holder, I take the view that there is a fine balance and though I accept so far in the last couple of years we have been on the wrong side of the fulcrum, but tbh I would be running away from a company that was too open while closed door discussions were taking place.

Good on ya, Hope it's a decent pay out

They should have let it out cp your are damned right, but even so, it still does not change the fundamentals of what we have here. Must go

As I said, I don't think you will find a post anywhere that says I have denied the fall in SP. What I have stood up against is blatant manipulation by people who post every five minutes ****ging off the management and the companies assets when they know very well what is there in the ground and they know that the problems have been to a huge point, out of the managements hands. The Government call the shots on this one and only the foolish think otherwise.

It's bound to drift without news, generally most shares do, but there is a big difference in drift and deliberate manipulation.

Anyway I'll leave you to enjoy your time off work, I'm sure I can find something better to do while you play the baiting game yet again. Bye Bye