Member Info for TheBuffoon

P.S. Delboi, we are awaiting a video, not a slide presentation. Buffy

But that's the presentation I saw in the Docklands in January. Buffy

Rathole, you are either a paid or unpaid basher, and/or just not too bright. The 1tcf didn't relate to an inconsequential thin zone with low permeability, as I'm fairly sure you know. Why do you bother writing rubbish? Have you nothing better to do with your day? When you are sitting amongst the stench of urine in an old people's home, run by people who are only doing the job for money, perhaps you'll realise. HTH. Buffy

I can still only see the Jan presentation. Where exactly is it please Delboi? Buffy

Hi tidd83, Paul Baay did say he expected a second campaign in the latter half of the year at the Shares Investment Magazine Presentation. Buffy

While that�s all true Agadem (and the AGM last year was in the same place, and the number of Mirabaud staff equalled the number of PIs), I want to hear from the CEO, not from a secondhand source. If our CEO doesn�t know now roughly when we�ll commence drilling, if indeed we are going to, then why not? If he does, why not add a paragraph to update the long suffering shareholders? The reason is because like Kevin Hart, who was ousted from Bowleven, we are about as welcome as a piece of chewing gum on the sole of his carpet slippers. Buffy

Could be this month...

KoE, you are underselling EME! The big zones are yet to be tested at Dempsey. Duyung has flowed plenty of gas. Alvares, while bigger than Dempsey, is like a pimple on the Chinese elephants backside! Buffy

Failure after failure. Workovers failed, then delays for parts. One needs a rig so won�t be touched until 103 is drilled, which as we know doesn�t have a rig, and even if it did we won�t drill until a licence extension is given, and even then we have no guarantee of our partner funding it. All good then...not. One cock up after another. Yes, once AAOG drills 103 all of this may seem insignificant, but experience tells me that failure follows failure. There�ll be plenty of excuses to come. Buffy

https://investegate.co.uk/anglo-african-o--38-g--aaog-/rns/board-changes/201801230700055926C/ Nothing happening on the operational front? Let�s spend some money on more senior staff. Wasters. Buffy

Hi tidd, Yes, meaning that effectively we pay interest on a loan that we can�t use. No? Buffy

My understanding on Dempsey is that we can�t go back to lower zones once we move up to a higher zone. This is a one time only chance to maximise the flow from this zone. Once we move up to the X zones we can�t go back down to work on the permeability. We can comingle production from various zones though, so it�s worth taking our time. I understand why some get frustrated, but looking back you�ll not regret it I�m sure. Don�t forget, we are learning about the geology for the significant zones above, not to mention other areas. Buffy

I�m fully expecting us not to have 100% of the Agadem assets by next Christmas. Whether we sell out or just farm out 30-40% I don�t know. We will most certainly have one or more other assets in Nigeria. Buffy

Malcy was at the meeting, so perhaps we can expect an interview in the near future. I assume the investor conference call will be announced shortly. Buffy

Those strange numbers at the end was supposed to be a smiley icon! Buffy

I�m assuming some don�t realise that the Chinese assets are subject to a back in option giving them 51%. What I�m not sure about is what they would have to pay for it. Is it 51% of what we paid for the licence, or some unspecified enhanced price based on the new asset value. I don�t suppose Gaz has to pay us back 51% of what he was paid to help secure the assets. 🤔 Buffy

One thing that doesn’t need clarifying: “Following the issue of the First Tranche Placing Shares, the Company will have 302,083,447 Ordinary Shares in issue and there are no shares held in treasury.” Buffy

tidd, The placing RNS isn’t 500 pages. Perhaps you should read it. Buffy

That much is true ADUK. The LSE website shows the market cap and the live share price. Those two figures show that we don’t yet have 302m plus in shares that we would have with the first tranche, so it looks as though they have yet to be admitted. Not that I think that’s a problem though. Buffy

Hi Juste, hasn’t the placing been completed and the money committed, regardless of when it’s admitted for trading? Buffy