Member Info for JohnHenry

Fair answer Alan as you have far more industry knowledge than i

Mr. Tidswell-Pretorius works for the Company as its non- Board Operations Director, responsible for progressing all the Company's oil & gas operations.
Im guessing this situation will change for the good of the company ???

Alan, very worrying that Rob Shepherd has resigned immediately

Surely no one can take these two seriously ????

Jersey may i suggest you read the full paragraph

For each Advance, following an initial period of 30 days, Noteholders may, from time to time and in their absolute discretion, convert the principal outstanding into new Shares at the lower of the established Fixed or Variable Conversion Price. The Fixed Conversion Price is set at 150% of the 5 day VWAP of the Shares on the date preceding the Advance. The Variable Conversion Price is set at 92.5% of the average of the three lowest daily VWAPs in respect of Shares during the 10 trading days immediately preceding the date of the notice of conversion by Noteholders.

Vonk does need to go now. Replace with a more higher calibre CEO that can take the company forward.

Company are just about to go into production and they take out further death spiral financing.

Defies Logic, no wonder a requisition to remove Vonk has been initiated.

without the Djeno these no growth story, hardly any reserves and i small O&G company operating in a corrupt African country.

It could be Madchatter, however we also have to take in decline rates.

All im saying is without the Djeno whos going to invest ???????

Tiburn read the RNS no money for further drills.

As a back of a fag paper calculation.

If the Djeno simply doesnt come in and 103 flows around 500 Bopd.

Lets say $40 oil Net profit per Bopd

Will take nearly 5 years for 103 to see a profit.thats with 100% net back.

with 54% net back around 9 years.

This company has spent $31,000,000

The problem lies with the License, i think the government has told them raise the money or you dont get the License.

major shareholders have supported this and not forward sold then we should see a few TR1 appear.

Spike like you say something just doesnt add up.

More Sefton Lies.

opulentia of cause its a big deal, theres 60Million more shares in issue, Tt

TF to be honest they are stuck between a rock and a hard place and are in bed with a corrupt fraudulent enterprise that is SNPC

TF the SP rose on Friday, continuing the momentum fro Thursday after Sefton ramoy interview.

The SP collapsed Monday due to the midday placing rumour and has continued down ever since.

SP is down over 50% from Mondays high.

David Sefton, Executive Chairman of AAOG commented, "AAOG sits on both sides of the risk spectrum: a development and production play yet at the same time with access to potentially highly rewarding exploration that could see output substantially increase from 38 bopd today to 5,300 bopd this year. We have put in place a development plan targeting a rapid increase in production at Tilapia by exploiting existing reserves and a proven discovery, before we target the high impact opportunity in the Djeno, a sand which has been found to be highly productive in neighbouring fields. Regardless of the initial outcome of drilling into the Djeno, over the next few months AAOG intends to become a profitable, cash generative producer, which will be able to internally fund additional development work, as well as distribute dividends to its shareholders.

So we have a partner thats going to get a 44% free ride. WTF

TF and on the day of the spud the SP was 12.5p.

What do you say to the fact that the company has raised £24.4M and has yet not completed a well.

TF are you saying the funding was initiated on Monday.