Member Info for woody2002

Sardy - logic and experience. What did the company do last time we needed to drill when cash was low? Did we sign an imaginary JV or offtake agreement? The heading of this thread is misleading purely because DS said the wrong name in an interview.

Drewky you cant just borrow a drill rig, a team of drillers, all the gear required like seperators, mud pumps storage and probably loads more stuff I dont know about...its an expensive game. I have no agenda my average is high 9s. I wont be adding till funding is sorted and I have nothing to add atm. Too many people like to fantasise about alternative outcomes when 99 times out of 100 this is how funds are sourced on aim. How can you call it manipulation when its how aaog have raised funds since IPO. I dont even see in what world you dont expect a placing when the company has run out of cash. Also its illegal to allow a company to run out of cash while still having liabilities so they cant even just run the clock down whilst sourcing equipment. SNPC cash only goes so far.

Rig, Drill crew, process equipment and storage etc. Maybe theres other means of funding being organised, maybe theyll just raise it after the AGM resolution's passed, but its money we dont have atm. As an investor PIs should realise and accept its the most likely option, each to their own and all that but there seems to be a persistent effort to play down a placing and pretend it wont happen. Once we're producing it should be a distant memory but expect it near term

Shares can be issued pending resolutions being passed. Ive seen just recently THR take over 2 companies pending resolutions being accepted by shareholders.

Depends if they are selling placing shares... production and processing equipment is different for Djeno than Mengo, the hint was in the interview imo. I find it difficult to believe all these people are "topping up" despite this.

BB today, given that the SP hasn't stopped dropping I'm wondering if there's a few people here trying to change sentiment to sell some shares? not a peep from majority of them the past few weeks.

Watch out for d3gsy selling and trolling the BB. Give it 2 weeks ;)

I've resigned myself to the likelihood there will be a placing, if there isnt 1 it'll be a nice bonus and will lift the SP but if there was a plan for funding the completion of 103 then he'd have said. Thats why the SP wont recover because despite the rampers telling us its a bargain again everyone who is on the sidelines will see a dip (post placing) as a big buying opportunity before production. 10p "traders" were a bit early unfortunately. Its Possible we can do an equity issue for lease of a rig deal etc. Might be taken as a positive as it was over on GGP but we'll find out hopefully with the production plan.

What I would say is Sefton should have clarified the issue regarding CPR a month ago. The market has taken the cancellation of release as pooor prospects and a CPI as a workaround. Jury is out!

Skittish - Djeno is below mengo and is 1.8km offshore. That is why the depth is 2262m. Are you saying its 2262m straight down from the pad?

The Tilapia Field is 1.8km offshore of the Republic of the Congo, located in the Lower Republic of the Congo Basin. It is drilled from onshore and has production and storage facilities onshore. It is a 45 minute drive from Point Noire and 17km from the nearest refinery.

From the operations page of AAOG website.

Everyone should keep in mind you're not gambling you're investing, you bought a piece of a company and you're within your rights to hold the company directors to their statements via RNS. Its not a case of "I paid my money and took my chance" anyone attending the AGM should ask questions of the recent news releases and remember youre right to expect a return on your investment.

A. What oil? How much do we have? Company wont tell us a thing.

B. Jayp we were told daily "anything under 10p was a bargain" (I thought so too) its provable a good idea to stop bullshiting until we get further info... no offence.

Sardy seen it before if we dont get resolutions passed company has no capital to progress and goes under. They always get them passed regardless. Eveyone thought I was a constant pessimistic badt$rd for no reason but ive seen this so many times. Their job is to sell shares and they get paid regardless. We're the only ones who lose! (PIs)

Nobody said wed produce 5000bopd they said neighbouring fields did. Clever eh...

AIM CEOs or in this case chairmen etc they are all salesman. Pump the company and create the illusion of a life changing investment, that way we all pick up placing shares, funds make their money and we're left with the diluted spiralling equity. Nobody knows whats really going on because they don't divulge real info until the last minute when were down 50% chasing that carrot. We're all trapped long term now. CPR was a lie, production was a lie, what other sh/t should we have sniffed out. We all better pray they can get oil out here.

Little bit of the pot calling the kettle black there.

Must be imminent and its likely Miton etc are freeing up some funds to take part. Thats the positive thinking btw.

Everyone defends the rampers and their 4 page essays. Quite a few dissapeared the past couple months. Remember all those who were here all day every day? Now appear once a month on an RNS. Obviously they weren't trading this though.......

Was always expected, the lack of info from the company for months is poor. Id expect more tbh.

Highly unlikely current significant iis would go for another placing above 8p, they took a lot at 10p and have held them for the most part. They'll expect a good discount considering they've been unable to realise any profit thus far. Other investors might see it differently but I doubt it. Remember theyll likely also have been told slow and steady and production was priority etc.

Id forget Vandji, exploration doesnt support the SP. get Djeno drilled since were ignoring mengo and use cashflow to fund future drills. Dilution should be kept to a minimum. Or you destroy lth investments. Its already fallen from 30p. Anyone in at that price needs 450% rise return to break even.