Member Info for pawnsacrifice

They may well have been chased off Yin. Tom alone was doing daily bearcasts on AAOG apparently so wouldn't be surprised.
Taking it myself the whole £8.25m will be with EHGOS til I see differently via RNS and happy with that.
Like the structured rewards down the line as/when the sp rises.
Ops update would be good straight after.

I hope they stick with EHGOS. As they (and we) have been saying since with EHGOS there's no convertibles, no warrants, no brokers shares just the chance to benefit if the sp rises on any good news over the year.
Happy for better terms from them all the same.

The Mengo's still there its sealed off nice and safe and sound. AAOG have to go for the Djeno first due to the oil and gas flowing to the surface bennyson.
Its a wonderful problem for the co. and it holders to be facing.
Looking at it for new holders the outlooks quite bright..
After the placing/subscription and including the shares for the £430k charge there'll be 405m shares in issue or £20m cap at 5p

For that they get the Grand Prize the Djeno going from a 25% chance of success at float to flowing oil and gas to the surface under its own pressure now.
They also get a cashed up co. with their partner SNPC now paying their share and the licence issues apparently all bar over.
If there's no RNS to say Tom's destroyed their placing I may buy some shares in the morning.

Actually for new investors-should the financing take place- they're in an infinitely better place than at IPO.
COS for the Djeno was only 25% back then now its proven and the risk has moved to operational.
Still everything to play for and the sp's now only 5p!

Actually if the Djeno flows as it should and the sp takes off on the back of it its an inspired deal.
For every penny the sp rises above the 6.25p mark AAOG receive an extra £90K on top of the 460K they'll be due.
Basically its a great deal if they're successful if they're not who cares anyway.

£3.1m would never have been enough.
Just from the finals they need contingency funding in case the Djeno is a bust as they plan to then move straight onto the mengo and from the same finals the Congolese Gov have a stipulation in the licence negotiations that AAOG is "committed to invest sufficiently in the field." which can only mean has enough funds which they obviously didn't.
Guess that statement alone should have made holders sit up and take notice,

I think they need the funding. I also think the 2.5m they got from standard ii's was all they could get and this deal they've made with the devil is the only funding package they could get.
Also get the feeling that its all set up to try to limit dilution and that thats down to Seftons experiences with these people at WDC.
The dilution there wasn't taken well by WDC holders who initially thought they'd make a fortune over Sefton taking over their cash shell and all they saw was hundreds and hundreds of millions of shares issued.
Holders here have been protected from that but at the expense of a binary bet between AAOG and the lender over which side of 6.25p the VWAP of the sp wll be.
Not actually that great an investment decision if they don't get the cash but if they do and the Djeno is finally successful down the line then holders will imo be happy enough.

Bennyson's having my posts removed by the looks of things. All those relating to hid being a troll are gone even though they were accurate?
Strange moderation on here at times.

Can only find one "trying to buy back in comment angela and that was mine?
"Plainly obvious that trying to buy back lower involves 24 hour trolling and accusing everyone else of having emotional and biased views. lol"

For clarity I think that selling a losing trade with a view to buying back cheaper is a good idea too. Just don't think that holding from 28p then selling at 5p and trolling after counts and would hope you'd agree on that one.

Interesting in the June vid Sefton states they thought they'd damaged the Djeno and it wouldn't produce and they didn't drill further in case they damaged the main target too.
Thats why they chose what he called the extremely tight 26m section of the mengo that needed fracking?
I can see why a cracked plug changed their plans and only 9.25m into the presentation. Can see why peeps are peeved with the placings but surprised really people are shocked at the change in plan.

When they reported the oil leaking they made it all sound very upbeat and promising but actually I don't see how they can ignore a cement plug thats fractured and leaking under pressure.
This is why I think they have to deal with the Djeno before attempting to work on the mengo or any other section.
Environmentally alone it has to be a must surely?

After several weeks of settling, and unexpectedly, pressure began to rise at the well head. In order to manage this pressure, the well was bled off and, during this bleed, oil was produced at surface along with gas and water. Following this initial bleed, the well has been bled weekly in order to manage pressure. Over this period, the well has continued to produce oil and gas, and the water content has subsided. The well now flows without any assistance for the entire duration of the bleed without a drop in its flow.

The oil has been collected and then tested by both the Total laboratory in Pointe Noire and the Congolese state refinery. Both tests show an oil quality of 43 API; due to the characteristics of the oil and the well design, it is calculated that this oil is from the Djeno reservoir, leaking to surface under associated gas pressure through a fracture in the concrete plug.

This welcome news has confirmed the potential of the Djeno reservoir in our block. As a result, the Company has taken the decision to target the Djeno for production from TLP-103C.

Agreed about the well integrity issues.
I know its good to have the djeno trying to spill out but don't see how having a cement plug leaking under pressure like that can possibly not be an issue and think thats why they have to address the Djeno now.
Know its a simplistic view but all the cement dams that collapse on the utube vids start with just a small crack/leak then they disintegrate why wouldn't it eventually be the same here?

if AAOG can get the sp to move well above the 6.25p baseline over the next few months and hold it above for the year then its an excellent deal and holders will be using words like "inspired" as AAOG keep all the cash from share sales above that level.
All holders have to do is be able to believe our Dave can do that which may be a stretch.

Its 9 million a month bennyson not 90m and its in the RNS you purportedly sold your 60,000 shares on bennyson.
Don't see the need for anyone to explain it clearer myself it was pretty clear what I'd like is an ops update but don't see that coming til the VWAP hits 6.25p which could be as early as Monday.

Not too surprising on the shorts rising imo. T.W. did a hit piece last night for subscribers so would expect some of his followers went short.
Don't know how significant it is but the 30 day VWAP's coming down with this sp action. currently sitting at 6.87 (advfn charts) likely be at or close to their 6.25 tomorrow at this rate.

I've thought ever since hearing about the leaking plug that would have to be first priority.
Regardless of anything else how can they work on fracking the mengo with an unstable plug below.
Could be an environmental disaster if the Djeno suddenly decided to crack its plug completely and fire 5000bpd up the wellshaft while they're playing with pipes and tools for the mengo?

I'm not here to help you with your short.
Go watch the latest presentation Sefton did. He spoke of the CPR and its issues there.
You should also email Sefton with your other concerns. He's the only one who can answer them for you.
ATB,
pawn.

taken to the abattoir and the bears are well and truly feasting on their stakes today. Will they get indigestion too?
Current 30dvwap 7.14p (advfn) must be dropping fast though.
Think from YY's earlier post for every penny the vwap sits above 6.25p (as a yearly mean) AAOG get an extra £1.1m out of this placing.
We could do with an early spud date please Dave and absolutely no more ****ups.

Think I'm getting a handle on the placing but feel free to shoot it down in flames if wrong..

106m shares issued at 5.2p raising £5.5m
Proceeds given straight back to EHGOS.
EHGOS agree to sell the shares over 12 months and give the proceeds back to AAOG with conditions (and for a £430k charge)
Proceeds are c.£460k/month set against a benchmark of 6.25p which is 120% of the issue price.
EHGOS sell their 9m shares for that month appearing to keep 1p/share profit as AAOG receive 100% of the payment due if the vwap of the shareprice is at the 6.25p level on the monthly settlement date.
If its above the 6.25p level all further profits from said share sales go to AAOG.
Below 6.25p on the monthly settlement date and AAOG loses out. ie if the vwap of the sp is below 6.25p by 10% then AAOG will only get 90% of the 460k owed to them for that month.

If AAOG are successful at ramping the shareprice up with news and spin this placing could end at a reletively high level to todays expectations however if the poor news continues then well done the sellers.

I like it as I'm a gambler and so by the looks of it is Sefton but recognise backing Sefton to get everything right from here on in so the sp doesn't continue to crater might not be for everyone.

Think it means the incompetence has to end. Theres going to be 9 million shares sold into the market every month and its Daves job to keep the positive newsflow going so the market swallows them and the sp keeps rising so both parties profit.
is he up to it?