We would love to hear your thoughts about our site and services, please take our survey here.
How much actual progress this past year?? - Minimal with lots of excuses and no clear direction
What have they communicated?? Minimal with lots of excuses and no clear direction
Do they deserve to stay?? - No! Business and share price performance for last 3 years clearly shows they failed
I use swissquote
Biggest 'danger' for us is for Parex or someone else to come with a bid for say 30-35 p and get us on the cheap. They will claim the usual stuff of offer price of 50 or 80% above closing price etc .etc. Malcy has implied in his last comments that something like this might not be surprising
Just got the 'Worthless liquidation" message on my trading account and AAOG completely removed. I lost lots of money, still cant believe how stupid they were afterwards not to utilize tax losses for some other company to get listed. What a silly investment for Mr. Forrest and co who lost themselves 500k.
Live and learn..
Thats quite amazing Botham. what they paid for 20% of Stanley and other leases is basically their whole market cap today. also oil price was lower at that time around $65-68. If they succeed in now selling their Stanley WI for say $2m just that should take us much higher
Not sure why they still keep this company going as they havent found any opportunity there to use tax losses. Whats the point?
Knowing these guys this delays means nothing good. when you are producing and exploring oil & gas company operating in two different geographies and your own web site does list any operations director or some kind of VP exploration etc. it looks that they are a bankers unit trying so far unsuccessfully to run operating oil&gas company.
so what will happen next..raise more money to sell us a new 'growth programme' in Romania? or are we going to hear about dreaded 'strategic review'? These options look bad BUT they need something to get out of this circle of operational failures. Their teams in Romania and especially Tunisia seem completely inept of doing their job. They need a complete overhaul of personnel and strategy. Strategy that has 3 bullet points on their web site?! I hope for the best but with their track record....
Think about some other dividend paying companies especially in oil & gas and imagine them raising the quarterly dividend by 67%? Lets not forget that is quite amazing and they even have option for future special dividends. Thank you PTAL!
If I was Parex I'd be all over this. So many potential synergies with their existing ops so just wait for 4000-5000 boed as a proof of concept and then launch cheeky 30-35p/share bid. Question is when? take a risk now with smaller production and rising oil price or wait longer for warrants to be finished and for 5k+ boed hoping that oil price will be stable
ok then let him buy us all off for 40p/sh..in the mean time great result today for the SC 4 well. After all the delays and testing and in the state of war to get 535 boepd is excellent and will increase current production easily up to 3000 boepd