RE: Question11 Jan 2022 08:57
Good morning all.
Skittish you make this sound like a John le Carre novel, so I shall offer up my Enid Blyton version.
AAOG was set up by people who didn’t have a clue, they worked on the “fake it until you make it “ principal and went to the DRC with the attitude of we will show the locals how to do it.
We never got a CPR on C103 instead Sexton got a few of his mates to write unqualified statements. They shopped around for the cheapest drilling rig which they got but it nearly fell over. Then the warning bells started ringing because the cash hade been spent. Riverfort were brought in with a loan (a bit like inviting Albert Pierrepoint to dinner ) who then started shorting their shares.
The gruesome twosome then used what little cash we had to find some Mickey Mouse asset in Egypt, off they went leaving Sarah Cope in a dreadful mess. In Egypt they fell out and are now again in terrible trouble.
At this stage Sarah had to dump the Congo, it was riddled in debt ,law suits and a government who were no longer interested. Zen then came on the scene looking for a cheap asset to pacify shareholders. AC doese seem to by any old crap as long as it’s cheap. Sarah had to at this stage delist the company and slash costs and put us into a shell.
Paul Forrest,Forum and other large shareholders let her do this WHY ??????? Were they totally disspondant with the whole thing or is it cloak and daggers?