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Profit.
Helium 1 would have no interest in us, they are up an running and doing well. I feel they will not require any tax benefits as it will be some time if ever they make a profit. They operate in Tanzania and things are mighty slow over there.
Ms cope is a director and share holder over there and draws a salary which helps as she only paid herself at AAOG last year 25k and no pension benefits, she would have earned more stacking shelves at Tesco.
Have a look at the latest accounts and see what Sefton and co paid themselves.
I would suggest you read the 2020 end of year report, it’s all in there they are seeking various opportunities in the natural resources sector. I really can’t be bothered to find it for you and copy and paste it. I spent about 3 hours going through it to try to get a grasp of what they intend to do.
Oofyprosser.
Yes I tend to agree hence my post earlier this morning.
Who said that SEL is the only game in town ?
That’s not what I am reading. Perhaps I am the only one that bothers to read what the company published.
Oh dear. Not sell but SEL!!! . SEL holds a 49% legal and beneficial interest in Petroleum Exploration and Development Licence 005 (the "Licence") and is a party to a joint operating agreement regulating the operations under the Licence (the "JOA") . On exercise of the Option AAOG would also become a party to the JOA.
Who said that SEL is the only game in town ?
That’s not what I am reading. Perhaps I am the only one that bothers to read what the company published.
Rose tinted glasses ? I would suggest you read my past posts before you make a comment like that. I generally don’t filter posters as I respect most people’s point of view.
gbb47. For someone who was never invested here you sure spend a lot of time being the voice of doom on this board.
That is the million dollar question.
However if you do some research on two of our directors you will see that they are experts on corporate financial funding.
Profit.
If you take the time to read the last few RNS’s or the last end of year report you will note that we are not looking for an investor but are infact looking for an asset to invest in our self. As a shell company we need an asset so we can trade again on the AIM market.
I am pleased to see that the shovel I sent to the Proff a few years ago is being put to good use.
Dear Ms.Cope.
Thank you for posting the end of year 2000 statement which I have now fully been through. Many of my previous questions have been answered within it, I would urge all shareholders to take the time to read it.
Thank you for your hard work during the year and good luck in your continuing search for a new asset.
Regards
S
Yes but in ICU (:-))
https://www.aaog.com/docs/librariesprovider10/archive/reports/interims-2020.pdf?v=050721
Dear Ms Cope.
As emails are not answered,the telephone line has been disconnected and the AAOG Twitter account is not active, this forum is the last straw for communication.
We shareholders have funded this company from day one, paying all overheads including wages, rents,drilling costs,etc,etc,etc.
When the Align offer came to the table you were adamantly against it and assured shareholders there were better options out there. After a battle you managed to out vote shareholders and Richard from Align. Since then we have been diluted, suspended from trading and delisted from the AIM platform, is this your better option ?
Shareholders deserve to be kept fully informed of developments and it is your responsibility to do so.
Yours sincerely.
S
Usually I would email the company and enquire about the AGM but after more than 20 emails and not one reply I decided to phone them. The phone has been disconnected.
What a way to run a business, no wonder we are in this mess.
Sorry about that, it was the end of year accounts for ATOG, you can get it free via company house website.
We are now due to be repaying riverfort back, I doubt very much that they will want shares as payment, perhaps the company may drop us news on what they intend to do, but I doubt it.
As Sarah Cope holds the voting rights to most of our institutional investors she can out vote us as we have found out in the past. As we can do nothing we just have to trust she will do the best for us.......but I doubt it.
gkb47, I emailed AAOG on numerous occasions on the drawdown subject but never got a reply. I assume that as we had no income and salaries and other overhead s had to be paid we were still drawing down.
Please excuse an typos as I am on the move today and my phone keypad is smaller than my fingers.