Member Info for Soundingoff

Oh dear jim, you must not understand the basics of a balance sheet.

VTM: What do you expect SNPC will contribute financially towards the drilling of TLP-103? Please could you also describe how the relationship with SNPC currently is and the extent to which they remain supportive, or otherwise, of the company? DS: Under the operating and production agreement for Tilapia, Société nationale des pétroles du Congo or (‘SNPC’) (the National Petroleum Company of the Congo) is not carried and has to contribute a share of the drilling costs equivalent to its percentage share of the production that accrues to the operators. This is 44%. We have a very good relationship with SNPC and they are supportive of AAOG and its plans for Tilapia.

Jim- Get the name of the organisation right- SNPC not CNPC. Or is that because you don't want to get done for false accusations ;) Anyway there is no evidence that SNPC don't pay on time.

I said there MAY, Jim. This has been my stance from the start of the delays. And to suggest such a large amount as you have shows a complete lack of understanding of the proposition here. Anyway it's Christmas, try and enjoy it however deep in the **** you are.

Give it up now jim, it's very clear SNPC are paying their way. The rig will be with us shortly and the clock is counting down. As noted by maestro (I have also done the calcs), there MAY be a need for a small raise prior to drilling. But I estimate no more than £1m. However it's a gamble whether you bet on this happening before or after the announcement (or indeed at all). Finally light at the end of the tunnel I would suggest. Merry Christmas!

Agreed. But you said we 'have been trying for some time to recover the costs'. You do not know that. Full stop. No problem with a contrarian view, but stick to facts. Unless we are told otherwise there is no problem with SNPC, and to make the suggestion there is, is disingenuous.

Correct. But that was at THAT point in time. For all you know the debt from SNPC was paid the following day. Please stick to FACTS rather than something you've made up ;)

itsgambling's quote re SNPC 'you know full well that we have tried for some time to recover earlier drill costs from them' Please provide evidence of this itsgambling. All you have to show for this is that there was a Debtor in the accounts of the last report. You have made the rest up.

On a Christmas theme, it's getting rather fruity here. You can say what you want about the BOD (rather useless so far), but the rig will come and the SP will rocket. Just look at what happens with a few buys...

Jim- Don't know how you have time, deramping SAVP and AAOG! Let's hope for some answers by the end of the week.

Great news. Onwards and upwards.

I think he may have pulled it out of his posterior, maestro. Hopefully the interview on Monday will provide some clarity.

I'm open on this one itsgambling. However it's a fact there's been a lot of buying over the last few days. It's not you or jim is it?

You crack me up jim. Let's be cautious and say 2030 for the the drill?

They just want in cheap maestro, they know where this is heading once the rig is announced.

There's clearly a few who have lost their patience, but over the last few days there are more who think they can smell a bargain. Follow the money...?

https://www.reuters.com/finance/stocks/financial-highlights/AAOG.L Reuters isn’t very accurate but it’s all I can access off my phone. Don’t let the truth get in the way Jim ;)

Jim- maestro is correct re the institutional investors shareholding. Please do a bit more research. Most of what you say about this business appears to be made up.

Jim and others have stopped us having a balanced discussion unfortunately. I’m apparently a ramper, even though I’ve talked about the drill being 2 months later than the bod suggest and that a placing is possible.

At least you have a conscience, Top, unlike Jim. As we know, the new license is not required for the drilling contract, they just want it extended. And suggesting the drill won’t happen is rather vile and disingenuous given a genuine investor has shown his concern.