Member Info for itsgambling

Ha. Merry Christmas sonny boy :-)

"owed" = they didn't pay upfront. I didn't make anything up - I said: "(as far as we know) they still have not paid their share of the previous upfront costs". If what I was saying was just a load of rubbish, then it wouldn't be greeted with such aggression.The fact that it's legitamate concerns, is why you are all getting your knickers in a twist and desperately don't want to hear it! The only reason I post here is to counter the likes of sunnyboy who portray a one sided view that this will guarenteed hit 20 or 30p in a month or two at most. I can buy in at 12p, but I'm absolutely not going to as I think there is much further to fall. Those with long positions should want to hear both sides rather than burying their heads in the sand! Amazing. Best of luck IG

Is in the RNS... "As of today, we have in excess of $4.1 million cash in hand, having pre-paid approximately $700,000 of drilling costs. AAOG's share of the remaining budgeted cost for drilling TLP 103 is approximately $2 million, with a contingency of a further $700,000 needed only if the Djeno is unproven and we therefore complete the well for production from the Mengo. We are also owed approximately $300,000 from SNPC for its share of the pre-paid costs"

Maestro - I know who they are, and you know full well that we have tried for some time to recover earlier drill costs from them. It is a legitimate concern, based on the fact that (as far as we know) they still have not paid their share of the previous upfront costs. And the BOD have only made the concerns worse with comments like "we have not heard that they won't pay"! IG

Hi Popeye. Well done on your buy at 10p, looking good at the mo. As you said, it was my target - until the rns that said we were looking for a new rig. At which point I dropped my target to 7p on expectation of a placement to cover the costs of extending the licence and sourcing a new rig. As the wokovers failed to produce the short term income planned, this still looks likely to me. I'm also very uncomfortable that the BOD have been unable to re-assure shareholder concerns about SNPC covering their share of the drill costs upfront. Hopefully the next RNS will answer many of these concerns. I'd much rather buy at 15p with considerably less risk. Anyway - well done on the 10p buy, enjoy the rise today and a merry xmas. IG

No DMA on the ask below 40p :-)

Has flipped today- looking super strong :-) IG

"The Actuary" - riviting read over the festive period - haha IG

http://www.theactuary.com/news/2017/12/investors-warned-of-antibiotic-resistance-threat-to-portfolios/?utm_source=Adestra&utm_medium=email&utm_term= IG

Sorry for the delay ... was in the pub [hic]. This level is now well established. Bears still in control. Bulls happily feeding at the trough. Im feeling rather positive ;-) IG

Slight increase in ii holding reported by reuters: % Shares Owned: 55.53% # of Holders: 30 Total Shares Held: 146,327,045 3 Mo. Net Change: 18,960,142 # New Positions: 9 # Closed Positions: 2 # Increased Positions: 13 # Reduced Positions: 5 # Net Buyers: 8 Looks like a 75k share increase. IG

Choose your post... A) load of tosh - and by putting thru a 1 trade every day, eventually they will be right. B) Loads of 1 trades recently = loads of news expected. C) 1 trade frenzy = one massive news item about to pop. Your choice. IG

not sure you have grasped the idea of a share discussion forum! :-)

Yes Jim. Strange and funny. I try to have balanced discussion about the company and raise what I think are reasonable questions ... and the response appears to be be [fingers in ears LA LA LA LA]. Makes me laugh but not a great forum for discussion. Might return after the next news. IG

I want to hear ... - the current cash position. - monthly cash burn. - honesty about the fact that they don't have a rig and are now looking for one. - the fact that the remaining licence is uneconomical and the estimated cost of extending it. - whether or not the SNPC have agreed to pay their share of the drill costs. If he comes back and is open & honest about those 5 I will eat my hat !! And may even consider buying in. Without these answered then the company is uninvestable and further sp drop inevitable. IG

well done beach boy. The share price is actually 10.25p. You can keep dreaming but it's falling for a reason. Thanks for proving my point. You keep burying your head in the sand and ignoring all the facts. The sp is at an all time low. Basically every long term holder is underwater. You are trying to persuade new investors this is a great opportunity to buy. With empty ramping about potential. I consider it to be overpriced, considering all the facts, and I won't be buying any shares until 30% below here, possibly much lower - depending on the next delay or fund raise. Best of luck IG

hahaha - that's a joke right? To prove my earlier points? "Our 66.5 million barrels is worth 266 million dollars" Haha. Potential mate - potential. Valueless unless they can prove it. The reason they were able to buy the licence for $5mill is because this is a high risk drill. Once they've raised more cash, and found a rig they can use, there is still a very high risk of finding no ecconomical oil. The significant de-risking was the workover income, which failed. The reality is that they raised 10m in early 2017 to drill 103 with the a business case hinged around workovers on existing wells producing income. After 9 months they have... no rig for 103, workover failed so no income, distrust of bod for very very misleading statements about drill start date, 2 directors have jumped ship, very little cash left and an uneconomical remaining licence period. Where's the investmnet case now? Amazing the mcap has only dropped to £7mill. No wonder he can't answer straight forward shareholder questions! IG

Jim, I disagree with your consipiracy theories about paid rampers. Sadly these are pis who are well under water on their 'investment' and have taken the mental approach of burying their head in the sand and simply HOPING things will miraculously improve. They choose to re-assure themselves with bullish statements about potential rather that face the business facts. There is no doubt in my mind that this has much further to fall. The latest rns regarding a new rig and a new licence confirmed that - hence I lowered my target from 10p to 7p and didn't invest at 10p. Let's see what the next rns says ... I may have to drop my target further still. IG

7m now or wait and buy in at 5m thanks to placement. That bull case is quite blinkered. The reality is that they raised 10m in early 2017 to drill 103 with the a business case hinged around workovers on existing wells producing income. After 9 months they have no rig for 103, workover failed so no income, distrust of bod for very very misleading statements about drill start date, 2 directors have jumped ship, very little cash left and an uneconomical remaining licence period. Where's the business case now? No wonder he can't answer straight forward shareholder questions! IG

3 so far today! Do you think someone is suggesting news is coming :-) Ok ok we get the message ;-) $500mill buy out offer? - take it or wait for a sensible price in the billions in a year or so? IG