Member Info for wraith

The finnCap link below, gives three Geological CoS figures, on page four ;-

100% for Tilapia - R1/R2

60% for Tilapia - Mengo (Best)

25% for Tilapia - Djeno (Best)

Source : https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2018_09/1536675112_8-Jun-18-AAOG-Djeno-Unchained.pdf

BW

Saw the late Friday RNS, as positive myself,.... "The GM will be held at the offices of finnCap at 60 New Broad Street, London EC2M 1JJ on 17 December 2018 at 11 a.m."
Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAOG/13887685.html

All eyes on drill results, as targeted horizons reached.

BW

Thanks for link tidd83

BW

You are probably right ROCKLAWN,..... this article indicates,...
An Taisce’s action affects only the survey permit, and not the overall exploration licence for the field.
Source : https://www.irishtimes.com/business/energy-and-resources/providence-postpones-its-survey-pending-a-new-permit-1.3716295?mode=amp

BW

What I do not understand, is why AAOG, elected not to redeem any loan notes, in accordance with their respective repayment schedule;-

" Should AAOG elect not to redeem any loan notes in accordance with their respective repayment schedule, which it can do by notice to Sandabel, Sandabel will receive conversion rights over those loan notes, which it can exercise in whole or in part by delivering a conversion notice."
Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAOG/13839834.html

BW

Holding both, PET & PRD myself WOLFOFWARE,.....both, have low shares in issue,....PET with 104.56m shares in issue,....PRD with 100.14m shares in issue.

I don't know which will break first,....what I do know, is that I will not be selling any, of either, any time soon,...will hold both indefinitely,..... massive, upside s/p potential, in both, on any good news, (imo).

Found this an interesting read ;-
https://oilprice.com/Energy/Crude-Oil/The-Real-Effect-On-Iran-Sanction-Waivers.html

BW

My guess is, that quite a few of us here, have our PRD shares, "super glued", to our hands razel2000,......whilst we wait for news, found this an interesting read ;-

The Real Effect Of Iran Sanction Waivers,
https://oilprice.com/Energy/Crude-Oil/The-Real-Effect-On-Iran-Sanction-Waivers.html

BW

Yes, I would always go for a "Rights Issue", as my first choice, of raising Funds,....my past experience of these, is that they have been shareholder friendly.

BW

Considering averaging up myself, gatto,....I have plenty of head room, with my Gross average LOGP s/p, being 28.3% approx lower, than ASK s/p@1.9p.

BW

https://oilprice.com/Energy/Crude-Oil/The-Real-Effect-On-Iran-Sanction-Waivers.html

BW

Yep,...good to see Short Closed ( https://shorttracker.co.uk/company/GB00BD0Q3L08/ ), & drill back in action,...now, lets not use, this type of lender, in future.

BW

Yep,....when they use the word supportive, I read that, as willing to provide Funds,.......not support share price,..... I do not expect them, to hold any of the shares, that come into their possession ( https://shorttracker.co.uk/manager/sandabel-capital-lp/ ),.....as you point out, they are dead weights on s/p,......will also be watching short positions, in link above, very closely myself,.....will also be looking for Sefton, to RNS on above, which if along lines, of a cancellation of Loan Facility,....I will then probably act, on my Strong Buy stance here, before first target horizon drill results,...but I will need to see, that this Shorter is gone, before getting that Cheque Book out again.

BW

My thoughts, are now concentrated on the downside for s/p, from this point onward's,.....with a 90% COS on first target horizon,.....with the drill about to recommence,.....only 162.06m shares in issue, plus conversion shares of 9,862,906m shares approx, (assuming conversion, is now done at s/p@10.139p),....once their short is closed, this does not leave them, with much of an overhang to dump, if they do not want exposure to drill results.

I like popcorn,....but it is not what I am thinking of getting out,....its more along the lines of Cheque Book,.....don't see much downside, from here, myself.

BW

Time to break free ;-

Tune for weekend : https://youtu.be/zkHOVJINRD8

Have a good weekend, all genuine shareholders here,....Monday is going to be interesting, hopefully, with the smell of burning shorts.

BW

This s/p is very low, when considering, shares cannot be issued, for less than s/p@5p (our nominal value, Ord 5p share),.....that's not much downside left, from where we started,......for myself, this is also a Strong Buy, TIPTOP.

BW

I have also averaged down TIPTOP,....started with an initial small tranche (Gross average s/p@12p approx), now with 88% of my targeted AAOG Core shareholding bought, my Gross average is sub s/p@8.71p.

There are many here, that may not be as fortunate as us,...I would prefer to be averaging up,....but will continue to average down here, whilst the opportunity lasts.

BW

Washers,....there are undoubtedly, many of us, watching the response of Sefton,.....it would make a pleasant change, to see a beneficial outcome, for us retail shareholders.

BW

Would prefer a Rights issues, at these s/p levels,myself,.....my second choice, would be a Placing & Open Offer,....at least this gives us a chance, to benefit from discounted s/p.

BW

With the type of short being discussed here,....the way I see it, is the same as Strongman says (Today 17:18);-

"The only spanner in the works is if AAOG said, sorry you have broken a clause and there will be no conversion."

If that were the outcome here,.....my targeted Core shareholding (holding 88% at present), I would more than double & purchase outright, immediately.

BW

With the drill, looking to be back in action, very soon,.... with a COS of 90%, on first horizon (R1/R2),......next week, is going to be very interesting.

BW