Member Info for wraith

My second choice, if a rights issue not possible,....would be a placing, accompanied with an Open Offer, on the same terms as the placing,....but as I said, would sooner wait, until 104 is drilled.

BW

To raise $10m, at last placing level (s/p@10p), would mean issuing 76.34m shares approx, this would increase the current shares in issue, from 237.93m to 314.27m approx shares in issue (32% approx increase, of shares in issue).

Prefer to wait, until 104 drilled myself,....if we must rush into buying an asset, before 104 drilled,.....I definitely would not be comfortable, being diluted, as outlined in the scenario above,......I would be more comfortable, with a 1 for 3 rights issue, as this would not dilute, my shareholding in AAOG, providing I took up my entitlement, which I would do....but my preference is to wait, until 104 is drilled, before we make any acquisitions.

BW

I would not want to see a placing, at these s/p levels, TIPTOP,....a rights issue, to buy another asset, I would support.

BW

I'm heavily loaded up (77.7%, over my six figure, targeted Core AAOG shareholding), here at AAOG, Sardypaul,.....agree with your view, in post Today 21:43,.....I'm here for now, for 104 drill results,....lets build on 103 drill results, is my preference,.....although my Gross average s/p, is still sub s/p@10p, I would not feel comfortable, with further dilution, for an acquisition, at this stage.

BW

Looks like, your late reported sell, above, Mamms

"21-Feb-19, time 12:56:16, s/p@2.10 x 1,750,000 shares sold."

BW

Nice end to week,....already well loaded up here myself.

BW

Saw the post,....ignored it at time,....was pleasantly surprised, by TR-1 (RNS above),.....welcome aboard, Kilkenny Limited of Malta.

BW

Yes I agree Morningsun, good presentation ( https://youtu.be/YOnGLwGth-4 ),.....from 10:47 into presentation, he comments, on his approach to risk, regarding bringing 103 to production....I liked what was said, in relation to 103 & risk,....wishbone, unlikely to be used on 103, stick to tried & tested method, on this first well,...all about Production & Cash Flow, by tried & tested method.

BW

Saw the article, earlier today,....Diablo, waiting in the wings, for ExxonMobil and China's Nexen (CNOOC) IOLAR drill results,....Dunquin South prospect,.....Newgrange prospect,etc,.....kicking off, with flagship "Barryroe";-

https://www.irishexaminer.com/breakingnews/business/providence-sizing-up-west-coast-drilling-campaigns-905356.html

Extract : "Providence is set for a busy operating period over the coming three years; starting with a long-awaited commencement of drilling at its flagship Barryroe field in the Celtic Sea in the third quarter of this year."

BW

Your welcome SUFCESSEX.

BW

Risky bit done, on this well,...production & Cash Flow focus, on this well now,....is what I take away from below interview;-
https://youtu.be/YOnGLwGth-4

BW

Yep, that's positive news, in my book,....with 104 penciled in for August, ( https://www.proactiveinvestors.co.uk/mediaFiles/stocktubeDetails/12267/anglo-african-oil--gas-gets-cash-boost-as-snpc-pays-us660000-for-recent-drilling-12267.html ).

BW

That sounds about right, LONGWAIT,....LOGP, will need to raise more Funds, to reach April 2020, (imo),.....this is why, I have my current, Gross average s/p level (s/p@1.28235p),......sub, last placing s/p@1.3p level.

BW

Yep, agree Jinkar,..at this point in time,......"Licence"....., is what I am looking for.

BW

Holding both AAOG & LOGP myself, macgerry,.....both undervalued (imo).

BW

"Licence agreement sorted", is what I would like to see, TIPTOP.

BW

I'm of the same view ("that value, will eventually, win out"), as yourself DelBoi,.....that is a good holding, of LOGP shares, that you all have there,....mine are held, on a Gross average s/p@1.28235p,....making them held, in very strong hands,....I want to see, what Barryroe Deep, has to offer.

BW

Just had a look over there, at there RNS today & yesterdays,.....do not hold or follow that share,.....always very wary of dilution,.....our RNS, here at PRD, in my view, for the right reasons.

BW

Only just seen RNS & s/p reaction myself.

Will be watching more closely, next week.

BW

As the months tick by, it gets more interesting, for myself DelBoi,.....holding a six figure (several hundred thousand) Core LOGP shareholding,....will be comfortable, holding this position, for Full drill results,....it is probable, that I will increase, on this Core shareholding, before Full drill results.

BW