Member Info for Popeye62

IG - SNPC will still receive their 45% share after AAOG have recouped their costs to cover SNPC contribution. Sarah Cope has been enlisted to oversee the rights issue, with her expertise and connections within the capital markets, the fund raise will be a formality. Institutional investors would have already have been sounded out and would have given their unofficial undertakings in respect of the required funds. I personally don't think it will be all doom and gloom, because when they announce the rights issue together with the licence extension and rig booked, the SP will start to move higher fairly quickly imho. If you recall when Enquest carried out a rights issue at 23p the SP moved to 60p within a matter of weeks. Using the same factoring, if AAOG carry out a rights issue at 8p the SP should be approximately 20p prior to spud. At the moment with no news AAOG and it's shareholders are in no mans land, but with a rights issue to justify moving forward, we could all be presently suprised. In short at the moment a rights is the best thing that could happen to AAOG. Good luck. Atb. Popeye.

This is my take on the new licence. The licence extension was never a prerequisite to the drill. The reason that AAOG now want the licence extension is because SNPC still haven't paid their $300k contribution, this amount is still outstanding and owed to AAOG. In light of the non payment SNPC cannot be relied upon or trusted to pay their contribution towards the drill cost which is close to $2m. AAOG will give SNPC a carry on the drill costs in return for a licence extension, that I believe will be 20 years plus, with no fee attachment. AAOG will almost definitely do a rights issue prior to drilling, to enable them to cover SNPC non contribution. I believe we will get a rns imminently stating that the licence has been extended to beyond 20 years, that the rig has been booked and that because SNPC have been given a carry, the company will need to do an immediate rights issue to raise the necessary funds. My belief is that this rns will contain all three elements in that order. This is all imho. Good luck all. Atb. Popeye.

There she blows! Hooray and up she rises! There is still life in the old dog yet. Good luck all. Atb. Popeye.

Givingthelowdown - They clearly state in the trading update "We have no near-term refinancing requirements" I personally thought the trading update was positive. The last 30 minutes of trading was interesting, it was a shame the markets had to close! Tomorrow will be interesting. When this breaks through 140p soon in my opinion, watch out for all the new posters who will claim to have bought in at 113p! Good luck. Atb. Popeye.

itsgambling - I noticed that your post from this morning has been deleted where you were predicting 3p! With the PS. Good morning fools! I may have misjudged you. I thought you were a decent sort.

There was also a 250,000 buy @ 10.65p on the 13th December unlucky for some but lucky for that buyer on the 13th!

It is moving along nicely. Itsgambling I'm also heavily into Motif Bio. With the steady rise over the past few days I'm now at breakeven. I can't grumble at my punt with this one as I'm now ahead 20%. I still think there's a bit more to come. Good luck with MTFB. Popeye.

I've had a lovely xmas thank you Jim. Like yourself Jim I've spent it with my family. I've eaten and drank too much! It's my son's birthday today, so we're having a bit party for him tonight. Another boozy affair! Enjoy the rest of the festive season and happy new year to you. Atb. Popeye.

Jim - I remember 10p a few weeks ago as well, that's why I bought in. Just as well I did. Have you had a nice xmas Jim?

Lemonade - Lol 😂. Well done on your buy today. Good luck. Atb. Popeye.

Jim - What do you think about WINS on the BID @ 12p?

Jim - You obviously follow AAOG very closely, even to the extent of following twitter feed. I don't even bother with Twitter. The reason I asked if you took part in the placement at 20p a share earlier in the year, is because I wonder if you've been severely burnt? That would only happen if you have already sold out at a significant loss. Surely you wouldn't be continually posting out of the goodness of your heart. Just a brief explanation would be suffice.

Jim - I understand what's going on at AAOG.

Jim - Did you take any shares in the initial placement earlier in the year? I hope you don't mind me asking. Atb. Popeye.

Dice theory - I thought it was very 1950! The year Dick was born.

itsgambling - Thank you very much indeed. It's much appreciated. Merry xmas to you and your family. Atb. Popeye.

DDClive - I got you. That seems to make sense. Are posters really that cunning? Do they view other posters as totally gullible? I see Jim as a decent sort of bloke deep down. I'm sure he will be along soon as he's been a regular contributor to the board. Admittedly he didn't predict this, but you can't get it right all the time. Atb. Popeye.

Well this is certainly a nice early xmas present. I'm sure some of the regular posters (Jim88) will be along shortly to offer their congratulations in the spirit of the season. Jim where are you?

I'm 12% up on my buy in from last week, so I'm pleased with that. I'm suprised itsgambling didn't also buy in at 10p, as I thought that was his/her target which I thought was a good call and was identical to my entry point. I was somewhat suprised when he or she was then hoping for 7p or 3p! A bit of wishful thinking I think. I would like to wish everyone a merry xmas and prosperous new year. Good luck all. Atb. Popeye.

Jim - You would make a great Father Christmas!