Member Info for VerbierDave

That should have been what ever new price they are issued at.

Evidence : "The Company is therefore seeking a general authority to allow the directors to allot equity or other securities for cash up to an aggregate nominal amount of GBP5,221,000 without first offering them to existing shareholders." The nominal price per share is 5p.
£5,221,000 /5p = 104,420,000 shares. They have issued 60m shares in the January 2019 placing. 104,420,000 - 60,000,000 = 44,420,000 shares remaining

Oh my lord this has just made me giggle - Please stop investing until you have got your head in some books and learnt what Nominal Share Price is or you are going to be skint before you know it. Every company has a Nominal share price of their shares at which they were issued and every new share will be based on the Nominal Share price of the company no matter if they are issued at 10p 20p or £150.

This is billy basic stuff and if you don't know this maybe you should have an advisor make your investments for you.

When they did the last raise they used all that they were allowed to from the last EGM that gave them authority to raise capital. They can not raise any more capital without it getting voted through by share holders. Yes they could go out there to the market looking to do a raise but first before any transaction is made it has to get voted on by share holders.

For me the next series of news that should put a rocket under the SP is:

- Licence renewal / confirmation of how the $10m owed will be paid (in cash or licence %)
- Flow test of 103
- CPR

All of which I hope will come through within the next month

I would imagine when the new CPR is published you will be able to see there. If that confirms the 300 mbbls this will fly especially if the new Licence is signed by then too.

Looks like the presentation must be going down well

10.30 v 10.60

No Nosejam it isn't, is being pedant?

250

Patients is a virtue and those that have it will make ££ not pennies, that's my general rule of thumb anyway.

I believe we should hear something here in the next couple of week, fingers crossed for everyone it's good news and the next part of the story can be played out.

250 - 2nd option is my route although you have to sit tight and sit on your hands ignoring all the noise. My two main E&P shares are ECHO & AAOG and if you know anything about the noise that's been going on over there for the past 6 month roller coaster ride you will know what I mean, I'm sure the heard will arrive here as soon as they get a wiff of the potential. My only advise to anyone is if you believe in the potential ignore them all and stick to your plan.

Good luck all, I believe in the potential here and will be here for minimum of another 6 months to a year.

Good research on the Rig available - with double the power should make for a much smoother drill and faster should that be the route they take.

JBG 1 in 4 is not fact at all so stop spouting utter crap, until the drill plan has been drawn up for 104 we have no idea of what the company CoS is or from an independent what the CoS is so unless you have already done all this for them and saved us lots of time and money then you don't know anything and are making yourself sound like a complete ***.

JBG - Sorry I've been reading and saying nothing because everyone has their own opinion and theres a lot of noise but when you just came out with that last statement saying 25% COS on 104 I just have to step in because it's utter rubbish and I hope to god you already know that if you're investing in O&G.

Purely by the fact that they have already discovered Hydros in Djeno means that the next drill into Djeno will be an appraisal and so changes the COS completely. However I'm fairly certain you already knew that......

Jay I meant in the short term not long term bud.

I think what we find is a lot of the short term traders selling on news will now disappear onto the next short term trade and there will be a steady rise in the stock with lots of positive news to come underpinning the oil finds.

Or once the new licence is in place I'd happily get bought out by a major at 60p a share, win win

It will be really interesting to see what percentage of the field AAOG hold in the new licence, I have a feeling it will be a lot more than we have today. Also some clarity might come about the $10m we are owed by the Gov when the licence news is revealed. I'm guessing we might have news on this next week if there's a whole team working on it in the AAOG office as we speak.

FJ - on this occasion I think they will want to do the wireline logging as soon as they can and hopefully release all the details possible to the market before they present to the Oil Conference on Thursday 31st, this way they have a lot more to the story for potential new II investors.

Just my thoughts but I could be completely wrong of course.

now 9.50 v 9.70

Does anyone feel robbed?? Thats what happens when you listen to noise and not wait for facts. It can't be long now but in a selfish way next Monday would be good as it means I would be able to buy more.

I feel sorry for the people that fall for these MM games and tripe from the shorters - No RNS = no one knows what the results are yet so just sit on your hands and don't get robbed

How I would love for a positive intra day RNS to come in to watch all the negative shorters cry, it would make my day :-)

Woody - it was in one of the interviews that he said less than one meter out on the R's but obviously TT is using the factual wording from the RNS so everyone is correct in what they are saying in this case.

Not long to wait for news now folks, fingers crossed we get the good news we have been waiting for this week and everyone has a big smile on their faces. Worst case scenario we miss on the D and have to wait for flow test results to find out what we actually have in the discoveries so far, how long that will take is anyones guess.

Spike - I think it's mainly just one baboon on twitter thats slating AAOG at every opportunity even trying to say the last trade of the day was £350k instead of £35k. Just ignore and sit tight for real news in the form of an RNS, it can't be far off now, DS said by the end of the month in his interview on Proactive.

Take a chill pill folks, all good things come to those that wait. Sit on your hands