Member Info for Rabidfly

Many shares in issue with this company, placing's from early 2018 at .6. Stephen and Sachin have been like kids in a sweet shop raising funds and purchasing assets. Now the market has turned bearish, time they started delivering real results for the faithful.

much of an update - knew most of this from their tweets, preparing the wells, painting tanks. Only bit of interest is the tool has arrived but not on site yet. So at least several more weeks before any result of workovers known. Interest is more focused the sidetracks in the new year at West Rustavi

2018 has been very poor for O and G drills, the usual build up on anticipation has not happened across the board. The problem here has been exacerbated by the BoD poor decision making, both in content and timeliness, and their lack of appreciation as to market sentiment. Seems to me the rig is second rate and the drilling is a snails pace. Personally wouldn't be surprised to not have any news until next week. About time D Sefton did one of his motivational podcasts.

Beg to differ, timing after market closes on Friday always raises an eyebrow, especially when sefton lurches from one ill thought out RNS to another. I have read it as the nominal but he could/should have made the matter clear. Quite why he chooses to raise the matter now, rather than giving the SP some time to recover on first and second targets is strange. Can see a shake on open and recovery. He truly is a liability to AAOG.

Yes damage already inflicted. Said small rise on resumption of drill, Sandabel have this well and truly under control. Liquidity low, PI's fearful of CLN's. Look for a trade on softening price on build up to news of first target in week or so.

Washers - your ire should be directed at Sefton. An understanding of shorting, forward selling and lenders of the last resort would assist.

Why is anyone surprised at sandabell shorting AAOG, this is their M.O. Strongman has arrived at the correct conclusion, shorting and making further profits on conversation is the double whammy norm. It was ever thus. Darwin, sandabell et al it is the same formula. Of more concern is Sefton's involvement. Any self respecting investor or BoD that has been about would have knowledge as to how institutions like sandabell operate. There is a whiff of false indignation emanating from the incompetent Sefton that doesn't sit well. People need to realise AAOG need the Sandabell's dollar - ergo they call the shots. Duplicity reeks to high heaven. On a positive, there should be a bounce when news flow arrives, I will be minded to cash out at that juncture. A fish rots from the head down. NB Sefton will use the whole Sandabell facility, anyone who thinks otherwise is deluded.

clown Sefton needs to have a long hard look at himself for inflicting a Sandabell on his shareholders. Just look at their track record with other companies. Is Sefton naïve, stupid or just plain doesn't give a dam. The lack of an official operational update is just poor management. He is letting sandabell do what they wish with the SP. He needs to start behaving in the interests of the company and shareholders but I wouldn't hold your breath. Quite simply Sadabell are all over this now and contrary to the nonsense Sefton spouts they will do what the wish to get the best deal they can. Yes it will rise when the drill restarts and if they have oil shows but the sandabell tenticles are well and truly strangling this co now. well done BoD.

like a placing on the way.

from Bod and Spinks is deafening. This will be I free fll until they put a statement out about this article. If the minister is to be believed they have jumped the gun.

this stock and Gilby and BOD but it is struggling after the last placement and disappointment of re submission of tender. African focused companies have an uphill struggle when dealing government departments. Always strikes me that it really doesn't matter who has the best cost effective tender if the other competitor is more indigenous. This feels like a binary bet now with the awarding of the contract. looking to buy in but should see lower price before new year. Sentiment across AIM stocks is poor and liquidity minimal. Timed right with appropriate news this could 3/4 bag.

down today. Should see 6's in the coming days in the absence of no news. Suspect there are more material problems than stated. Seems very secretive BoD when poor news is to the fore. Time will tell. Tread carefully until drilling update.

The company informed the market the drill was suspended. This followed a tweet the previous day stating as much that forced the company's hand. That in itself was somewhat troubling. So 11 days on and 7 days since they met with the drilling operator and we are still none the wiser what the problem and current situation is. The BoD should update the market on progress, this silence is palpable and one wonders what the true extent of the problems are with the drill given the earlier aborted effort. Can only see SP falling in the absence of any clear update. Oh and Sandabell operating in the background. Mr Sefton well done old chap

so it begins the sandabell spiral will hold this poorly run co back regardless of any positive news. The BoD shuld fully explain what the current situation is with the suspended drill. This has a whiff of major problems.

Another shocking placing, this man is turning into the new George Roach. More to come for the other wells - AVOID.

Unprepared and waffling interview that raises more questions, he really is a liability. Totally out of his depth. needs clarification. Price is sinking.

No surprise to see lack of movement. latest interview doesn't inspire confidence. Not clear if any news until drill complete?

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Sefton has played PI's here for mugs. He is panicking taking the Sandabel CLN facility - which lets be clear, he will be using in the very sort term. The shares in issue will grow expeditiously. Any news will be heavily sold into by PI's and Sandabel (forward sold). law of averages suggest some sort of Oil shows in the first target but I would be reading very carefully what is reported as the devil will be in the detail. The company has been a total cluster from day 1 and the smugness of Sefton is palpable. Where is the license and update on work-overs -silence???The Sandabel facility has killed sentiment and reinforced distrust of the BoD. Rampers of the Company on twitter have gone quiet. All PI's have their respective strategies but most have been thrown a curve ball when dealing with such an unpredictable and opaque executive chairman as Sefton He should have made much wiser choices than the decisions he has made in the company's brief history.

'While we are going to draw down several tranches over the coming two months, we will keep the capital required to a minimum. A likely outcome is that approximately half of the facility will be converted and half will be repaid as debt.
We are now within a month or so of knowing exactly where we are on TLP-103C, at which point, if there is an oil show, AAOG should be able to price and raise sufficient equity for the field-development plan, which means that the debt facility would be taken out.'

Market conditions are very poor.
So half the £5m debt facility to come in next couple of months.
If drill has success a fundraise to follow. Oh dear should imagine first conversion is timed for any oil shows, which will blunt any substantial rise in SP. Beware of this consistent disappointment of a share.

to see the placing, given results recently released, despite some of the rampers saying here was no need for one. More surprised it was only a million. Suspect Spinks was side-lined due to the poor financial position the results revealed. Company appears to have been caught on the hop. Company could, and perhaps should have, raised in the 4's. Given recent downward turn of SP the CLN's (of which there are still a lot) are not being converted hence the raise. Sweetener is the 'imminent' timber licence.