Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Crusty, theres nothing more If like to see then this SP at 10p and on it's way higher. I do feel everyone's pain but unfortunately I dont control the SP.
We can only look forward imho
Wow Barking, I've never met a real rocket scientist before, I can't wait for the 25p party to buy you a pint ;0)
My point being.......that doesn't tell us how its going to perform over the next 12 months and that's what we are trying to establish. Yes, the market has fallen out of love with AAOG but that's why we can make the biggest percentage gains here. Theres plenty of reasons why this could be a star performer!!
Its Friday again folks. Let's hope we start to gain some momentum
Well Angela that leaves us with only 1 option but I suppose everyone needs a job ;0) and to be fair you're probably making more money than us LTH. However, I'm positive we will have our day and this company will become a big success !!
Adrian, I wouldn't be too hasty to write this SP off for 2019 yet. Imagine if we get a big asset purchase RNS, a farm down of Tilapia, increased percentage ownership of Tilapia, licence agreement signed.....or something completely leftfield......I wouldn't take my eye off the ball here !!!
Hindsight is a wonderful thing Sachs, youre lucky your so blessed. If investing on the stockmarket was that easy then everyone would buy at 7p and sell at 18p!!!
The point about all those you mention is they are actually invested and believe they will make a great return here because this is a fantastic asset with blue sky potential. Yes DS did some very questionable placements (which ironically gave many on here a good profit after selling at circa 18p on the leak of a cheap placement ) but that's allowed many LTH to average down now. An investment is not just for xmas it's about buying as many as you can, as cheap as you can, even if the SP goes down, then making the big bucks when the asset comes very very good!!!
I'm saying you have a very strange way of posting, not like a shareholder or even a potential shareholder. Maybe you could explain why someone in neither category would want to spend so much time here trying to deramp this share ???
The only explanation I can see is someone shorting the stock (which I know happens and it's just part of the stockmarket), or someone paid to beat the SP lower by worrying investors out of their positions.
Mayhe I'm I missing an option ??
As we are most likely using the rig coming from ENI/SNPC collaboration, I wonder if theres any chance ENI would fancy giving SNPC a free carry on our project.....that would give our project wings and solve the problem of SNPC funding
There you go again Angela, changing the subject title when the appropriate one is already ongoing, clearly paid that way.
Regards rays of sunlight, well there are plenty for AAOG but you would have to get out from under that bridge to see the sun ;-)
Try discussing a few of these
* Debt free
* Only circa 400m shares in issue and less than 200m in open market
* Money in bank
* Only circa £13m market cap
* Money owed from SNPC and being paid back
* Possible money back from SMP if court case sides with AAOG
* Rich neighbours in New Age who recently sold acreage for $800m offshore Congo
* New Age soon to begin exploring Marine III which our Tilapia block sits right in the middle of
* Sought after Acreage
* Accomplished CEO
* Already a producer of oil
* Offtake/RBL agreement in place whichs provides us with $25m facility to develop Tilapia once 103c flows
* Infrastructure to produce upto 2500bopd now and only 7km from processing plant
* Very low onshore overheads compared to offshore peers
* Stable and willing government in Congo
* Very exciting 103c well re-entry hopefully soon, with very high COS
* Received Letter of intent for new 25yr licence
* All our payzones were laiden with oil
* Djeno reservoir world class and prolific around our block
* Djeno oil 43 API, very popular with the Chinese
* Minimal decline rates
* High pressure gas charged reservoir
* 5,000 bopd readily produced in area
* Several billion barrel reservoirs locally
List is for Crusty's eyes only, he loves a good list !!
It's not sensible debate that anyone objects to it's the way trolls always change titles to disrupt the flow of conversation, regurgitate old and very general worries which apply to almost every AIM stock, never balance their opinion with any positive comments whatsoever....etc....etc
Yes we know this company is not perfect yet and that's why the SP is only 3p !!!!!
I'd also like to add, the vibes from management are confident and defiant against a struggling SP. Hopefully that will eventually reflect in our SP.
Clearly that message for the LTH only !!
So I've been doing some snooping around for rigs available that match the spec named in our RNS and I actually think gmcc was pretty much on the nail with the rig currently with ENI. The problem is ENI are fairly hush hush with their drill program so we may not get any announcements from them to say thet have released the rig. Although the great advantage for us is the rig is already close to our site and there will be there minimal shipping/de-mob costs or time delays associated. Clearly if the rig has been good enough for ENI to use locally the theory being it has) a very good chance of being upto the job, certainly better than the last rust bucket!!!
Clearly the drill will be very exciting and the potential is huge for us and that will roll out nicely over the coming weeks. However, I'm still hoping for a different diversity being added to our assets to kick off our SP while we wait for 103c. Just my personal thoughts of course !!!
Tiburn, nobody wants to hear heavy oil at the start of a discovery paragraph. High API djeno oil is what you want to hear, so sought after in fact that you can gain the best price available :0)
Gmcc, I will take "unlikely", if everyone thought that JB was just about to reveal a big deal our SP would be much higher, that's doesn't mean it wont happen. The company brief was always to expand across africa purchasing distressed assets and I know that's JBs goal too. Africa is hunting ground for our Boss man!!
Have a great time in Oz, we will make sure SP is 5p plus on your return :0)
JB has spent his career making astute business deals, dont think he will have lost that gift overnight. However, I bet it's been harder from a standing start !!!!!
Morning Crusty, unfortunately he had DS sorting the placements, that's where the damage occurred. Those placements were toxic and more inside line than Lewis Hamilton :-(
Punt..punt...we dont want to hear words like that being used ;0)
JB is a very calculated man, Im sure everything he does will be balanced and considered. I'm looking forward to the next move.
I do however understand that these processes take time and the market does not appreciate that but I'm sure it's going to be worth waiting for !!
Hey all, missed the fun for a few days but getting up to speed fast.
So firstly, I completely agree Skittish, Its been made very very clear that both the rig and RBL while they are binding are not mandatory (usually you'd want to advertise how tight these agreements were). So why would we want to do this ?? ....... Well lets say that New Age had been showing interest about buying our asset and DD had been time consuming over the last few months, only for New Age to then go into talks of its own to be bought out. We know that the rumour mill is saying CNOOC /Hopu are planning on taking over New Age which could be 3-6 months away. JB would then have the prospect of nothing else happening regards 103c and the possibility of CNOOC not being interested anyway further down the line. So he sets up the drill to go ahead with the added caveat we can back out of both agreements if on offer emerges or situation changes. Not only this but by having a rig in place and funding to move the project forward its a show of strength and hopefully avoids being low balled by a fat cat multinational trying to strong arm us into a low price. It appears JB wants to keep our options fluid otherwise why else take on these sort of contracts and also it explains why JB has taken so long to book a rig which should have been done a good while ago. Clearly government legislation could have slowed down our progress regards drilling but why keep these agreements so clearly fluid.
My other point was regards the Tunisian assets. For me this delay in 103c or possible sale proves why we require the diversity of further assets. Those assets could be purchased and funded through a separate company ring fencing any dilution or risk from AAOG. If they were already producing assets like Tunisia, which could be easily expanded, then a loan to fund the purchase and an RBL could be used to grow the project going forward creating organic growth with the upside potential of later exploration. We know ATOG exists and I still believe this deal could well come to fruition . A new drilling engineer has been employed by AAOG and his job description clearly states "Mark now uses his international oilfield experience and knowledge to support Anglo African Oil & Gas's growing portfolio of operations in Africa."
https://uk.linkedin.com/in/mark-v-50450a44
We also know Belgacem Gaceur used to for Medco as a material coordinator but has now been working for ATOG (Anglo Tunisian oil and gas ) for 3 months doing the same role !!!
https://tn.linkedin.com/in/belgacem-gaceur-3b59b0107
Just some thoughts for the cooking pot but only the trolls will think nothing is happening behind the scenes imho. Todays news was not the big news IMHO !!!!!
Sorry Amtech, missed your question today about me having a man crush on JB. If that means I believe JB has got the skills/contacts to negotiate/deliver a fantastic deal with a multi national company to make AAOG more successful, then yes I have love hearts in my eyes
That post was just missing a hiccup right at the end ;0)
Everything comes to he who waits !!
Business takes time and the deal of the century could land on Monday. The key is not to get frustrated or miserable,if you dont think the deal is about to land sell up and find a better investment. I would never stick with an investment I wasnt happy with !!