Member Info for F458

ig- how come you have never responded to my posts stating AAOG have �2.2M in the bank with a further �700K for the drill. and what is the placing for ?... you still want to borrow my calculator

ig yes placing in 6 months time when drilling results confirmed and placing more likely to private JV at 20p plus

looking great ! look at the limited amount of shares below 12p, then next leg up 15p

ig - do you need a calculator to work out AAOG have funds until 2019 ?

Market now waking up this this positive news, wouldn't want to be not holding over the weekend incase of more positive news on Monday

see how quickly this is going to re-rate back to 20 p even at 20p with all the news coming back to 30p should be easy

Your decision phoebus but you won't able to buy at 9 p anymore

This share has dropped from 33p so yes the long delay has caused the current drop to 9p but now AAOG have its house in order with new staff and with drilling campaign any time this has bottom, all up from here after a 300% drop Watch the mm's push this north

Any employer accepting warrants at 20p a share must know something so for me all good news coming

fair point , well you must agree it all starts to looks very positive now

AAOG have changed the staff to suit, they have reconsidered all their staff and 2018 is different company than previous so all good from here, stop being negative

Hence why existing funds at this rate �2.2M will last until next Oct 2019

phoebus Obviously you have done no research and no read any RNS's. They have �700K for the drill already placed to one side and �2.2M in the Bank. It only cost at this stage �700K to drill for flow rates. Once flow rates confirmed then a JV or deal will be made for the production of the Oil. By this time the sp will be multiples of 9.25p

phoebus Cash burn is only �120K per month say 20 months = �2.2M is what AAOG have in the bank so no need for a placing

Well thats the placing out of the window until full production and even then this would be a closed private deal or JV With staff all working on generous incentives the monthly cash burn will be low. The �700K allocated for the rig and the remainder of �2M will keep AAOG going for some time Great News

Yes and at a premium of 120% = 20p They must be really confident to accept these at the exercise price of 20p looking great, Rig and new licence must be due anytime watch this fly back to 15p-19p before drill commence

Why would we need another �3M ? when we have �3M liquidity ? How did you calculate a funding of �3M ? This will mean we will have �6M in the bank ! Or is number 3 the only number you can think f right now ? PS thanks for a well balance view of AAOG

its gambling Why would they need to raise �3M ??? when they have �3m in the bank ( �700K aside for the drill and approx �2.3M in CASH. You make no sense although you do agree that their �3m AAOG have in CASH in your words i quote "they have little funds left " Well if you think �3m is little funds then I take my hat off and eat it !

mikebassetts Just to clarify, the existing Licence agreement with the Congo Government was for 2020, this was to allow AAOG to drill for Oil in the current locations and once flow rates were confirmed then the next step to drill else where would be granted. Because of the delay awaiting and 12 months on its only produdent to apply for the extended and new Licence now as we are anticipating the Rig to commence. AAOG once to negotiate longer terms with the Rig company and hence why they require this now as part of further package. simple really

its gambling Whats up ! don't like a balance view being posted on facts ?...... Your'e been giving all but can't take ! You can't distort facts and why are you bothered unless you have a buy order and now panicking incase buyers are coming back in at such low sp and News could come earlier than you anticipate