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Its Malcy I feel sorry for. Hows he going to put a negative spin on this news?

Apologies nickel, read you completely wrong. Hope that the investment comes good.
Had a very small sbet on these at 3.25 which I let go just simply because of the sellers stopping todays rise.
Hope it comes good for you at least with cash they have options. A lot of co's would kill to be in that position..

Agreed Babbler, think he's short and has been caught offguard. He was posting on advfn too.
15m in cash is tremendous for a co' the bears were claiming needed to raise. lol

float price not placing price. DOH.

Would make sense these co's do like to ride the back of good news for their presentations and they have a lot of potentially good news to come.
Looking good here technically imo, true Golden cross played out Wednesday and the stock broke out from its bullflag yesterday.
Hoping for an attempt at placing price at least soon on that basis.(rising sentiment)

Got a lot more cash than I thought they'd have and yes EBITDA breakeven to come too so no loss making co.
Surprised they're not worth their cash value at least.
If they need to diversify I know a few AIM oil and gas co.s that'd love a cash injection, lol

Thanks for that good to have a positive write up for a Friday.
Bounced off the 200dsma yesterday so hoping for a better day today,
ATB

If you can always be wrong then why make the "no doubt" claim?
Thats where you lose it with me. You always seem to be telling people what will be and what to think.

That and the licence/monies owed imho.

Sounds like angela added to his short on the moving averages. and rising trendline.
Bad move angela. lol

Yes bought a few morej too. Good price imo
Happy to see the 200 and the 50 hold when they're sat on each other like that.
Still needs a few positive to flat days to settle things down imo whilst we wait on the licence RNS.

Haven't MATD had 13 dusters on the trot?
Same pattern every year.
Declare they're going to drill 3-4 wells.
Then the delays start .
Then the placing on first spud.
Then the first duster.
Dust one more later in the year and go quiet again til December.
Seems to work for them though, every year they rise and management there does very well.

Agree they need the licence. think personally thats almost as important for the sp as flow results down the line.
On the Golden Cross-looks like it may not come off, to me anyway.
The 200sma's still just about declining and the 50's looking to cross it next day or so. From my understanding you don't get a decent signal unless the 200 is rising too.

t123ham- is that the best you've got-likening the licence here to an agreement with your landlord?

No that sounds far too complicated for aim traders and highly dubious too.
Reason the sp came back off after rising is results from 103 won't be in til end April imo.
Needs the licence cleared up next to support the sp and bolster confidence be good if Djm is correct.

Agree TIPTOP. Its fun trading round the edges with spreadbets but also nice not to have to worry about holding longterm, thats quite unusual for AIM.
Think the fact that (as angela has stated) they're going to finish what they started and produce from 103 first rather than raise more funds and move straight on to drilling 104 for the Djeno cements the confidence in the sp level being underpinned by ops on the ground and cashflow to come.
Very un AIMish of them imo and shows a willingness to give pi's a fair slice of the pie here.
Roll on verified production from 103-1500BPD-1800BPD will do very nicely as a start at this marketcap then as funds roll in and the licence is sorted and debts they're owed paid to them they can drill the Djeno and beyond at 104 so far as I'm concerned.
Should be a good if volatile year here.

RNS did seem to indicate there could be news on the licence in the next few weeks.

Showing less than that on advfn now.
800BPD+ from current operations and £20m odd in the bank makes the 24m mrktcap at that level look cheap or do I have that wrong?

What have they done that for? can we reach these jerks on the phone?

This is my last post. I will not post again on this board, unless Turner Pope are appointed joint broker and conduct a placing for AAOG.

I'll be back !

Well at least the I'll be back bit was truthful. Shps sailed on the rest of the post though 1123ham.