Member Info for maestro1

At least the volume has been low, hopefully next few weeks it shall recover...

Jim Are you saying no institutional shareholders? I think you need to check the holders list.. I'm nor misleading I think you are....

No one is disregarding funding, by 26th of Jan they may have circa $3.1m in bank. In Sept 26th they had $4.1m and $300K expected from sncp. $2m is required for our share of drill, if they do raise money it will be small.

oilrich the delay have frustrated pi's which are bailing out, the institutional investors still own over 60% of share capital. If you can grab some cheap you have done well.

oilriches this is aim,as the drill progresses SP will increase, dont forget the Djeno structure is producing in neighboring blocks which are not far from us and in our field the data is showing positive charge in the structure so this is consistent with our neighbours fileds, estimated to have close to 60m boe of barrels on our side, if that comes in share price will be well and truly near the £1 mark. The neighboring structures Djeno horizon is producing its not certain that our will flow oil but there is a very good chance it will find the oil...

funding was addressed in rns "The Company has managed its cash resources carefully, and continues to do so. It has sufficient capital to meet its share of the costs of drilling TLP-103". The rig will be secured next month, no biggie, only leverage holders panicking...

Jim They failed to get rig sorted, there has to be consequences, the directors paid the price. They finally getting people to do the job.

IG first it was 10p, then 7p and now 3p. An 3p share price will give a mkt cap of 2m. Either you are misleading or acting ignorant. The license was purchased for $5m+, they have around $3.35m cash in bank. You are a funny guy.

they are saying license extension will get done before the drilling thats all, Aaog have two years left on the license so hardly detrimental. I think they put all there eggs in one basket with relying on this rig, the new project manager who has worked for large oil companies will have contacts, they have said they will now look at other rigs to speed up process. Its a delay, i recall last year matd sp went from 4p-2p because of delays and then it rose to 30p+. As of 26th Sept 17, company had $4.1m in cash, they put aside $2m for the drilling of well. Now if we go by the derampers cash burn per month of $250k, so by 26 Jan they will have around $3.1m. Moneywise we are ok, its just the delay.

Ig When I did dummy trade at the time wouldn't let me buy.. Good luck getting your entry price, you worked hard deramping...

Very difficult to buy below 11p.. I agree late Jan to early Feb drilling.. It's really interesting that pmo managed to sell 10boe for 50m. So we should be looking at 120m. Just need to prove up, field days around us is very positive...

Topinvestor, this individual has great experience, don't you think. Appointment of highly experienced Operations Manager to oversee drilling of TLP-103 As announced in the Company's Half-Yearly Report of 26 September 2017, Mr Alain Guiraud has been appointed on a fixed project contract basis as Operations Manager to oversee the drilling of TLP-103. Mr Guiraud will be based in the Congo for the duration of this project. During a career spanning 45 years, Mr Guiraud has held senior operational positions with several leading oil and gas companies such as Chevron, Elf, Petrobras, BP, Shell, Texaco, Phillips and ENIEPSA, on both offshore and onshore projects around the world. He has extensive experience of the Congo, including as Country Manager for Halliburton, the leading oil services provider, as General Manager and Operations Manager for SFP/SNPC, the Congolese NOC, overseeing onshore drilling projects, and as Country Manager for Caroil, an oil drilling company wholly owned by Maurel & Prom, the Paris-based independent oil group. As a result, he has excellent knowledge and experience of working on onshore fields that are close to and share the same geology with Tilapia. Mr Guiraud is working closely with Mr Gerard Bourgoin, the Directeur General of the Company's wholly owned subsidiary Petro Kouilou, through which AAOG holds its 56 per cent interest in Tilapia, and with David Sefton, Executive Chairman of AAOG.

Jim It's not proven until it's drilled, if it was proven we would have been valued over 70m and not 7m. Eni are producing from the djeno zone on minsala field, so it bodes well and derisk our field.. This is why once we have rig this will surge, you know this also..

Fredr Some are the same person posting with different alias... Wildcat drill, that's funny....

Ig Wildcatdrill? Are you for real... We are in the middle of hydrocarbon region. The mengo zone has proven oil, they think they have 9m boe. The deeper djeno zone has potential 56m boe this is exploration, but this djeno zone oil has been found in nearby by eni... Itsgambling at least you admit you looking for cheaper entry price... All hardwork not for nothing..

Rabidfly Only 21 post, I wonder which alias you belong to?

Fredr The management gave them more to throw at fire. I take heart to fact we have a license which we paid over $5m and we have over $3.1m in cash. Mkt cap only 7.5m... For our share of drill it will only cost $2m. Management wages are tied to success of operation. Derampers fail to mention that.... The field has proven oil, the deeper potential djeno horizon is estimated to have 55m boe, field around us in this horizon are prolific producers. Non of the exploration potential is valued here. If some of these derampers can hold investment for more than a month maybe they might get rewarded.

Topinvestor You have 80 posts, I can't take u seriously what was your previous alias...

Damn vultures on this board, who claim not to hold but desperate for it to fall. Best to hold at these prices

Sefton told me last week that sncp have not informed us that they won't front up, he also said the drill will happen as soon as possible and have contingency plans if sncp don't cough up. You would expect them to have back up plan just in case...