Member Info for Soundingoff

Agreed, all eyes on tomorrow.

Half right, we're above 10p... Heading for 500k bought since yesterday, with only a few k sold. I wonder whether news is on the way, or the speculators are loading up?

As I said the other day, the BOD will want to dilute their shareholding as little as possible if there is a placing. Thankfully in this respect we are aligned with the BOD. And for once on AIM, the BOD have got very little out of this company so far, and rightly so, so they need to make it up with their options. A heavily discounted placing is very unlikely IMO.

The formatting is out so it is 3m for JB and 490K for JC

Anglo African Oil and Gas plc, an independent oil and gas developer, announces that it has today awarded a total of 3,680,254 options ("Options") over ordinary shares in the Company ("Ordinary Shares") to James Berwick, Chief Executive Officer, and James Cane, Finance Director. Under the Management Share Incentive Scheme, the Options will generally not vest until daily total oil production at the Company's 56 per cent-owned Tilapia oilfield in the Republic of the Congo reaches certain production milestones measured over a consecutive 30-day period: one-third vests at 1,000 bopd; one-third at 2,500 bopd; one-third at 5,000 bopd. All the Options have an exercise price of 20 pence per Ordinary Shares, which represents a premium of 120 per cent to the closing price of AAOG's Ordinary Shares on 15 February 2018. Options awarded No. of Options held post-award Exercise price James Berwick 3,189,333 3,189,333 20p James Cane 490,921 3,189,333 20p It is intended that, as far as possible, options will be granted as enterprise management incentive ("EMI") options within Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003. EMI options have potential tax advantages for both employer and employee. Prior to this award, the Company had 5,887,745 Options outstanding. Following this award, there is now a total of 9,567,999 Options outstanding, representing 12.1 per cent of the Company's fully diluted ordinary share capital. At IPO, the number of Options outstanding represented 15.0 per cent of the Company's then fully diluted ordinary share capital. Following the issuance of these options, all executive directors now hold equal numbers of Options with identical terms. 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". The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Agreed Joe. With regard to ART's comments, let's be fair, whether you agree or not, Coro was not really buying Italian assets, it was buying a slice of JP.

License and drill news and we settle at 10p? Best joke I've heard all day!

I'm not suggesting you may not get your target either itsgambling. Someone is selling today and maybe they gave the BOD to the middle of the month to communicate. No one can be surprised at the silence yet again. However we have a new CEO on board, who has come here to get this asset drilled. For me there is no issue in extending the licence, but that is the risk I take. The asset has not changed, we have the means to get the equipment (whether a placement is needed or not) and leading up to the drill and on success, the reward will be multiples. With an NPV on success of �70m to �700m (from memory), the rewards are huge. Once invest what you can afford to lose.

You're forgetting we could just drill, we have plenty of time left on the licence. If I had to guess I say that there has been yet another holdup on the rig. Everything we all post is just guesswork and you make your own choices. Especially with the dire communication we are subjected to. I have to point out again though, that your assessment of our cash balance has no technical merit whatsoever. Your suggested cash burn is plain wrong.

Come on its gambling, you don't spend every day posting the same old bull on a board to take 'a small punt'. You will be going in very large. Then as you state, when news arrives, you will change your thinking and ramp it constantly. How's that? ;) Richard- you are right, they really are stretching the acceptable timescales and an introduction from the CEO should be forthcoming.

Ironically these emails are probably more use for those waiting to get in as cheap as possible such as yourself itsgambling...

I would be worried if we had heard nothing. But only recently we have a new CEO of some standing. As I have suggested before, I do not believe he would have taken the job without due diligence, including the renewal of the license. Which in these circumstances is normally a formality. There's still plenty to play for here, they just really do need to get on with it.

Take a look at my posting and you'll see I suggested there could be a placing in the offing before you even arrived. All I'm saying is stick to the facts rather than made up ones ;)

According to the RNS they had �3.25m and were owed drilling part costs from SNPC. They have not burnt half of that in 4 months, so my point stands ;)

There has been constant buying since 1pm, much of it in large quantities. No move up yet though...

No itsgambling, you are the one who needs to check your maths. Fair enough with your continuous deramping, you want in cheap and we all know it. Talk all you want about how cr@p Sefton has been etc etc. No one can deny that. But don't start making up lies about the cash balance.

I'll remember that when I see you post Whiteace! Some of us post to be helpful too. Contrarian posting is most welcome as well, but posts about how half the cash has gone in a few months does not meet that criteria.

You carry on and say what you like, but the purpose of your comments should be known. They are purely for your own gain.

itsgambling- It's really nice you're spending all this time warning people about this investment even though you are not invested yourself. I'm guessing you want a sub 10p buy-in?

Thanks all.