Member Info for Washers

682K SHARES AT A PREMIUM 2.85P

GLA

I would say a sell. Although Tonnacombe bought 2 x250k at 2.2 and 2.25 early today.

GLA

Not sure why this RNS has rattled the negative posters so much. Could it be their next misleading attack was to focus on Miton and suggest they were selling. I believe this was previously suggest by one of them will have to look back of some posts. Clearly this is not the case.

GLA

Miton must view AAOG as very low risk then. They have increased their holding recently doing the exact opposite to what you suggest.

GLA

I am invested and as such when a holding RNS relating to one of our largest investor shows their holding remains 19.41% then yes that is reassuring. This a fact.
You appear disappointed and attempt to put a negative spin on a fact nothing more nothing less.

Try and stick to facts rather than becoming emotional.

GLA

Curious99 good attempt at turning a straight forward update into something negative. However if there was no positive news for AAOG Miton would have cut they loses and sold. They haven’t they are here go make profit in order to do that the SP needs to be much higher they are clearly in a position to wait like I am.

GLA

RNS Other voting rights: by means of a court-sanctioned scheme of arrangement, a merger of Miton Group plc and Premier Asset Management Group plc completed on 15th November, 2019. As a consequence, the regulated subsidiaries of those two firms are now wholly-owned subsidiaries of Premier Miton Group plc; namely Premier Fund Managers Limited (FRN 143097), Miton Asset Management Limited (FRN 115241) and Miton Trust Managers Limited (FRN 220241)

GLA

Just a name change still 19.41% held so shows they are not selling.
Positive in that respect

GLA

CrustyPete if someone invested for the possibility of 2019 drill then they would have done their research and know that selling now will be at a loss. Far better to hold rather than go rainbow chasing. There is still news on license to come, no one is sure when so to be out when that lands would be a mistake IMO

News before 30th on drill is also a possibility.

GLA

I think most are aware of the possibility and that is the reason for the drop on Friday. It is mainly reflected already in the SP therefore if confirmed there will not be much more of a decline.
However if it does turn out the rig is available for January will see an instant rerate IMO

GLA

JODO Now that was a beginners deramp.

Pathetic

GLA

Easy reading and accurate. Today’s SP is disappointing but the fundamentals are very strong.

GLA

Yep the SIGNED rig agreement does state not beyond 30 March I stand corrected on that one.

Thank you.

GLA

It will be confirmed to AAOG on or before 30 November 2019 as to whether the rigs contractual commitments have been extended.
So up to eighteen days to confirm whether drilling in Q1 or beyond that but no later than March 2020 to commence drilling.

Therefore we could be drilling Jan or no later than early March.
Good enough for me.

GLA

This is also a snippet from RNS, the last couple of RNS seem more professional.

Drilling activity is never without risk. However, the Directors believe that the sidetrack operations have an attractive risk/reward profile. TLP-103C has already proven the geological model and confirmed the presence of the Djeno at Tilapia.

GLA

The Rig Agreement gives AAOG the right to contract the rig for TLP-103C-ST and a further four wells at our call.
The bottom line here is the rig has been identified and when available after super major finished we will be drilling.
A more accurate timeline will be available at end of month.

GLA

James Berwick, CEO said "We are very pleased to have entered into the Rig Agreement and look forward to commencing operations at TLP-103C-ST as soon as the Rig becomes available. The Rig is the most suitable rig available in country and will come to TLP-103C-ST directly from drilling operations for a super-major. The Board of AAOG appreciate that drilling operations will commence later than we had hoped but, following the problems encountered in drilling TLP-103C, it was important that we found the right rig for this drilling campaign to avoid any similar issues."

If its good enough for a super major then hopefully this willbe a very good rig. Plus the option for four extra drills.

Finally moving forward.

GLA

Looks like a sure thing. I cant understand the buy price 2.85p incredible.

GLA

291-294 ?

Excellent thank you

GLA