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Certainly appears it’s decision time for C99 , Angela ETC they are working particularly hard attempting to deflect the huge imminent potential of AAOG.

News on multiple fronts due.

Let’s hope for a nice gap up.

GLA

Posted by Tiptop earlier. This is why AAOG is a huge buy IMO. If AAOG get it right in the next couple of weeks real value will be many multiples from here.

Only circa 400m shares in issue
Money in bank
Only £10m market cap
Money owed from SNPC
Possible money back from SMP
Proven oil flow from our Djeno
All our payzones were laiden with oil
Rich neighbours in New Age
Sought after Acreage
Accomplished CEO
Already a producer
Offtake agreement in place
Infrastructure to produce upto 2500bopd
Stable government in Congo
Very exciting 103c well re-entry
Letter of intent for new 25yr licence
Djeno reservoir world class
Djeno oil 43 API
Minimal decline rates
High pressure gas charged reservoir
5,000 bopd readily produced in area
Several billion barrel reservoirs locally

And a 2.6p share price. Nuff said.

GLA

Conclusion
While there are clear differences between the two CPIs, both reports have concluded that reservoir quality is between good and excellent, which supports a commercial decision to implement a plan to seek to produce from the Djeno. It is not possible to resolve the differences between the two prior to re-entering the horizon, but these differences do not necessitate different planning and so will be resolved only on re-entry.

GLA

Shows the confidence AAOG and it’s engineers have in Djeno after all that’s why we are all here.

No need to waste money if you are confident Djeno will continue to flow and is stable.

Yes the CPR would have supported the SP however within a short timeframe Djeno will really be transformational.

GLA

Thanks for posting gmcc that with the podcast clears that up.

GLA

It was made clear on a podcast DS explained the reason which I have just written.
Therefore a clear explanation has been provided.

GLA

My understanding is the CPR was not completed at this time as additional data was requested which would mean re-entering the well. AAOG are so confident that the oil will continue to flow that the monies necessary would be better spend drilling the Djeno.
Taken from RNS “The well continues to flow oil when bled off and pressure in the well is stable“

Pretty clear to me.

GLA

Full ask 2.65p paid long way to go to recover but you have to start at some point.

Maybe this is it.

GLA

Let hope we break 3p and hold about time for reversal.

GLA

It was only a small rise today calm down.

God knows how you will react on a 50% + day

GLA

Latest buy trade 250k shares Increase bid by 4%

A few more of those today would be useful

GLA

Last SNPC payment RNS 19th September, payments therefore continue. Rig no longer on site evidenced by recent photographic evidence.
Stop ignoring facts and research for your own agenda.
Please reply on this thread to participate further.

GLA

That was in the RNS they will sell 230k shares per day but would require higher volume to sell the full amount.
Certainly not expecting the full amount to be sold without positive news on rig ETC

No surprise for investors or the market.

GLA

Yep more money coming AAOG way.
Not long to wait for positive news to create uptrend IMO

GLA

Great price IMO

GLA

Full repayment of monies owed by SNPC will be made as liable, confirmed on another thread so the full $10 million can be included.
Great to hear.

Angela are you special , above everyone else that you can’t reply but start a new thread ????

Now repost on current thread if you what to participate.

Many thanks.

What it tells me and anybody who has done any research is SNPC are fully aware Djeno has been hit free flowing oil to surface and are now paying. Would they of paid if we didn’t who knows but that isn’t a concern as we have hit oil and they are paying very simple.
Does that clear it up for you not sure how I can explain it any simpler?
If SNPC did not pay at this stage the negative posters would be claiming there is no oil that’s why SNPC aren’t paying however they are and we have.

GLA

SNPC had a free carry all the risk to AAOG that was the reality. However now they know what has been discovered and what is likely to be Djeno flowing ETC they have repaid $4 million and continue to do so. That is a huge positive and something that should now be brushed aside to suit an agenda.

GLA

C99 in regards to your last paragraph have you forgotten that SNPC are paying monies owed. I think it is safe to say they wouldn’t be paying if this was a bad investment. SNPC will certainly know the upside to AAOG.

GLA