Member Info for pawnsacrifice

Think you may be right f458. If the sp gets another tick up its broken out of its falling wedge and on slightly improved volume the last few days too. I'd expect 11.75-12p to be the next plateau if it does. Got the tick up as I typed, out the wedge now.

A closed deal above the option price I'd imagine with managements interests being a higher sp. Pleased as punch with their attitude here. David Sefton, Executive Chairman of AAOG, commented, "Tilapia represents a very special opportunity and the business case of the Company is as compelling as ever. I believe that the opportunity for the Company is underlined by the new Chief Executive Officer, James Berwick, taking management incentive options based upon the same ambitious production targets as those granted at admission to listing and with an exercise price of 20p, which is based on the admission price. This fits with the Company's stated strategy of ensuring that the interests of management are aligned with the interests of our investors".

Difficult to imagine who'd be the most disappointed at the idea of that soundingoff. Management with their 20p performance options or Sister Holdings who sold their interest (and subsequently become AAOG holders) at the same price.

Trouble is with your way of playing this one ig that when they announce the licence they're quite likely to announce drilling timetables too as they're working on both issues concurrently. So either they don't get the licence and are worthless (your words) and you'll have to move on to another target or they'll have a really positive RNS that'll shock the market and the sp will gap up and you'll still miss the low by a significant margin. Happier myself being in at this fractional marketcap and being patient but I'm one for the easy life and don't have all day free to try to move shareprices via these bbs. ATB

You should probs wait for lower levels then itsgambling. I bought a few more today, confident enough to stock up at this marketcap with the prize on offer. Just remember the old adage don't be a dick for a tick. Theres a lot to play for here just like all aim oilers it takes longer than the market hopes which is the opportunity imo. ATB

I sent a rather terse email this a.m suggesting pi's need an update and received a reply pretty quick. Have had permission to post it so will do so as it was quite an interesting reply imho... Thanks for your email. I do appreciate that we had hoped to have the licence in place by the end of last year, and I wish that I could say more to you in this email or, better still, issue an RNS to the market as you suggest. However, we are in very sensitive negotiations with the relevant authorities in the Congo and information we told the market about those negotiations last year did not play well locally so we have to maintain silence otherwise the effect could be counterproductive. I can only say that negotiations like this in Africa do often take longer than hoped but that I am pleased with where we are in these negotiations. As soon as we are able to do so, we will update the market. We are in parallel making sure that the plan for drilling is in place and that we will be in position to finalise the fig contract and move on to drilling TLP-103 with alacrity. The new CEO and the entire management team are very incentivised to do so and there is no benefit to any of us in, or intention to, delay drilling TLP-103 any longer than absolutely necessary. Kind regards, David Sefton Executive Chairman

Yes looking a bit more solid at this level now imo. Still very busy behind the scenes with deals with major providers going on. Seems to have lots of non RNS but still significant looking newsflow. Interesting sounding partnership with 8x8 reported in the link below just not released to the market? https://paymentweek.com/2018-2-13-8x8-pci-pal-partner-streamline-payment-card-compliance-contact-centres/ About 8�8, Inc. 8�8, Inc. (NYSE:EGHT) is a leading provider of global cloud communications and customer engagement solutions to over a million business users worldwide, empowering them to deliver exceptional customer experiences. For additional information, visit www.8�8.com, or follow 8�8 on LinkedIn, Twitter, and Facebook.

Good to see you here jack, seen you trying to get in matd cheap too so this must be a goodun. lol believe production costs are dropping here though rather than rising, see advfn board for more info.

Perhaps the market needs to know the 3D is being organized to up the COS? That or farmout of course.

"we now have the time and flexibility to find the right partner to progress further this exciting acreage." I thought that was just a message to the majors. letting them know GBP is cashed up and confident in their resource so has no need to accept a low ball farmin offer or bid?

Don't knock the asx. I got to buy at a few percent up last night while they were still fiddling with their billabongs.

Well lets analyse the facts. The co.s worth peanuts. Its found billions of barrels of oil. Is surrounded by majors Gotta be bad news hasn't it? Do peeps think they'll get to farm out before they're bought out? Would hate to see a �20m bid take them out now.

Sounds like he's as good as confirmed there'll be no fundraising then. An open offer is the most expensive and the most hassle, not something a tiddler like aaog will want to get into whilst setting the rig up. They have consistently stated they're cashed up for drilling so no surprise i guess. What was the context of his reply EB?

Yes that was confirmed in the email I received today. Could be anyday but down to the bureaucrats so as ever its patience for profits imo.. With respect to the licence, the process is very advanced, albeit that as ever in the Congo the exact date for the award is always �in a couple of days�, but we are in daily contact with them and will announce to the market as soon as the process is complete.

If it was your post claiming there was a large fee for license renewal I emailed the co. to check and there is no fee attached so no need for your claimed placing either I guess.

and if 103 succeeds then you'll be buying the shares todays holders are accumulating at 35p. Got to say its a ridiculous policy you're proposing there vince. Only buy into a speculative beaten up oil explo co. if and when its major drill has been shown a success. Just hope you don't complain about being spiked on the day!

Is that what mike said itsgambling? Seems like you're putting words into peoples mouths there. Good to see the catalysts for sp growth laid out in your post. What sort of rise would you expect with licence confirmation and what with rig date set?

Yes cutting their 20 percent stake down to ten percent is quite a big mistake to make when you're trying to sound authoritative on the co. Don't actually sound a bad play here at all with 20 percent and a fast rising oil price. Looking forward to seeing the terms of the farmout.

Not all sells Whiteace. The 12.30's were buys this a.m.

PVR's on the high of the day wouldn't be surprised to see this one end on the high either.