Member Info for pawnsacrifice

Agreed Woody, just less cash for AAOG on the months the shares are down from what I can see.

thanks t123ham, not seen this type of agreement before so very much appreciated.

Don't think it will be in their interests to force the price down.
The Equity sharing agreement seems to mean that EHGOS take at least 106m shares and the co. then give the proceeds back to EHGOS.
EHGOS sell the shares over a 12 month period and AAOG receive a monthly payment and slice of the profits if the shares rise.
Will take a few times of reading it to get a handle on whether its good or not but its explained bottom of the RNS.

Why would they sell? Co's funded to drill the Djeno now, its everything the bulls drooled over only at slightly lower levels due to the unfortunate issues and delays
Should be all up from here. After all even they can't screw it up from here can they?

Might get 8p or so leading up to drill. Might get more if they get a decent rig.
What we got £20m co. at 5p?
They've got £8.5m cash
£5m or so to come from SNPC who also have to pay their share going forward.
and a monster reservoir to drill that they know produces.
Just had to be patient (read very patient) before buying this one due to the issues they've had.
Happier days ahead.

They should get the licence too now imho. Pretty sure cash constraints were one of the issues- ie could they afford to develop the field.

At least they're fully funded for the Djeno now and slightly better price than we expected.
Pretty cashed up with whats owed to them by SNPC.

I think personally Dave's more entertaining, much jollier altogether. Would probably have a higher share price on that alone if they hadn't had the rig fall over.

In some ways it would be quite appealing (to the new investors anyway)
Would give around 400m shares or £20m marketcap at 5p and they'd have £9m in cash + around £5m from SNPC to come
Not great for those holding at much higher levels but not a bad warchest to take on the Djeno esp if SNPC get serious about paying their share going forward too.

Yes been a good day at LEK. Had some luck last week, caught the bottom at LEK and hopefully here too.
Well onwards on upwards . Play again in the morning.

Enjoyed the presentation. D.S always gives a good acct of himself no matter how tough they're having it.
Does feel the right time to be somewhat positive after all, as the man said, even they can't screw it up from here can they?

Topside issues, happy enough with that esp with them now able to ramp up fully. Will buy a few more if possible at 8.

and on the 1st April they were quite clear that production could start immediately using truks at this lower 700BPD level..

Following the current build-up phase the well will be placed on production using the field's existing test facilities, and the oil trucked to a nearby oil storage facility where it will be stored until sale. The initial production rate will be based on the analysis of the production and pressure build-up tests.

Would accept they may have issues as they upgrade the storage facilities but wouldn't be concerned if that was so would hope rather that more peeps sold so I could have more cheaper if that was so.

Believe It was producing on the 17th April RNS . Stated so in the glossary quite clearly..
6. Choke. A choke is a device used to control the rate fluid flow from a well. It can be adjusted to suit the circumstances. In the case of well16aZ it is being used to restrict the pressure being exposed to the production test separator currently being used to produce the well.

"currently being used" seems quite clear imho.

Bought a few at the 5.2 after seeing they're getting more cash coming in than I expected so trolls if you don't mind no more deramping. We've had enough. lol

Lol" Irish another of our rampant bulls.. Listen to his advice at your peril..

RE: Options05 May 2019 08:28
If as I am sure we can obtain an RBL we could have the cash to drill twice and get the oil flowing, even with repayments we could be seeing dividends by Christmas.

Dividends. lol

Total garbage iceberg but what would we expect from one of our more rampant bulls.
You should be thanking the bears for giving those who listened to them opportunity to hold their cash and wait for a bottoming out here rather than jumping in on the way down as the bulls insisted was the only sensible course of action.

Might pull a rabbit out the hat yet.
Loving the new layout here, lol

Tidy sum if they get it all.

Wasn't impossible spike.
I bought easily at 4.8 then sold at 4.9!
Made a tenner!!
Never thought I'd make cash going long AAOG.