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Tiburn,

As always, an excellent summary from you about the current situation. AAOG is the perfect choice for an RTO and I am convinced that anyone who is still invested now agrees.

What Is a Reverse Takeover (RTO)?
A reverse takeover (RTO) is a process whereby private companies can become publicly traded companies without going through an initial public offering (IPO).
To begin, a private company buys enough shares to control a publicly-traded company. The private company's shareholder then exchanges its shares in the private company for shares in the public company. At this point, the private company has effectively become a publicly-traded company.
Prior to the RTO, it is not uncommon for the publicly-traded company to have had little to no recent activity, existing as more of a shell corporation. This allows the private company to shift its operations into the shell of the public entity with relative ease, all while avoiding the costs, regulatory requirements, and time constraints associated with an IPO. While a traditional IPO may require months or years to complete, an RTO may be completed in just weeks.
Many private companies looking to complete a reverse merger have often taken a series of losses, and a percentage of the losses can be applied to future income as a tax loss carryforward.

Indeed, we may have actually been wrong about Ms. Cope. The fact that Forum apparently sticks to her is probably an additional sign that Ms. Cope is not on the dark side after all. We will see if the management can arrange a positive takeover … then I will pull my hat off to Ms. Cope.

Website is online again .....

In fact, the website is offline. What could that mean? AAOG itself will exist for at least another 8 months. Could this be a sign for a big change or did Sarah simply forget to pay the provider?

Tiburn,

good point!

These are strong arguments for your thesis. In this context, it might be interesting to recall the related PR. Forum had its fingers in the game when Maciver / Ferreira were appointed. There was a clear goal behind it, and I think we're now very close to that goal.

Board Changes

Anglo African Oil & Gas plc announces the following changes to its Board of Directors, each with immediate effect.

Dexter Ferreira is appointed Non-Executive Director. Dexter has worked in the natural resources sector for over 25 years, namely as a consulting mining engineer and geologist. He is currently a director of Independent Resource Estimations, a consultancy company for the mining and exploration market. Mr Ferreira holds a BSc Geological Sciences, a BEng Mining Engineering and is a member of the South African Council for Natural Scientific Professions (SACNASP).

Tania Maciver is appointed Non-Executive Director. Tania is a knowledgeable global finance professional with over 20 years of buy and sell side experience across many industries, successfully assisting companies with corporate strategy development and capital structuring. Tania is currently COO and Research Analyst at SP Angel Corporate Finance LLP. Tania holds a Masters in Finance, an MBA with Finance Specialisation, BA Economics and BSc in Life Sciences.

Both Tania and Dexter are being appointed as non-executive directors in accordance with the agreement under which Forum Energy Services Limited ("Forum") invested in the Company earlier in the year. The new directors are engaged and paid by the Company and have no business interest in Forum.

Since yesterday's PR I am even more confident that something is up. Maybe it's just wishful thinking, but if you try to read between the lines, there are some indications that negotiations are going on and a takeover is very realistic.

The Company is now actively seeking an acquisition of an asset or a company with the ability to increase value for shareholders and the Board is actively reviewing opportunities.....

http://www.share-talk.co.uk/announcements/rns/anglo-african-o-g/interim-results/202009081545073818Y

http://www.share-talk.co.uk/announcements/rns/anglo-african-o-g/issue-of-equity/202009020824347977X

not yet...

Alexios' prophecy :-)

@Alexios,

I see you spread this message elsewhere too. Is that just wishful thinking or is there more to it?

Could it be possible that Forum has speculated (or knew) that the license for Tilapia will be reissued and that now they will compete for the license again? Or is this thought nonsense ?

Hi Tiburn,

I always find your contributions extremely interesting and can usually agree with your argument. Don't be upset, I think a lot of people read your posts. Time will tell if you are right, which I hope very much.
Carry on with your good work!!

I would like to thank Tiburn and MarketGunslinger (certainly also on behalf of many other shareholders). You always manage to shed light on background aspects and at least take away some of the uncertainty. Of course we are all aware that AAOG is currently a high risk investment, but it is reassuring to know that there are also investors with profound knowledge on board.

Finally... Now the way is clear for a new CEO who will hopefully act better in the interest of the shareholders. This news alone should be good for a strong move in the pps! The future looks brighter again

Hi H47,

Do you have any idea how things will go with AAOG and whether there is still hope for us shareholders that the share will be brought back to life?

THX!

The same applies to me, tomorrow I will invest one last time and then wait and hope that Forum has a plan and the whole AAOG story comes to a good end.

Could one of the experts here explain what a AIM Rule 15 cash shell is and to what extent this could be positive for AAOG.

Many thanks !