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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Anglo African Oil & Gas Plc | AAOG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.30 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.30 | 0.30 |
| Top Posts |
|---|
Posted at 06/11/2020 15:55 by phurley Their RNS was mistaken in its truth. They were looking at one prospect that got nabbed by someone else. They currently have no interest in looking at anything else. This is a big and sad loss for investors. |
Posted at 07/5/2020 08:51 by comedy nms 50k in shares. only 467 mill shares in issue. 25% owned by cornerstone investor. most people in from 5p?10p?.anyone wanting to get 1mill shares needs to pay premiums??? a nice rise to 1.5p to 2p??? then see target for rto bumper deep pockets off cornerstone investor plus got rid of old dead asset??? and old bod?? new life new venture |
Posted at 06/5/2020 13:04 by comedy look up the new cornerstone investor :) |
Posted at 06/5/2020 08:32 by comedy confetti given to cornerstone investor. who originally came in at 0.5p! |
Posted at 06/5/2020 07:30 by comedy aps no shares available. I read up on new cornerstone investor. deep pockets owns 25% stock here. new directors of his choosing. he is managing the money here:)got rid of old bod. and most have bought in at 5p and above. so as people realise new co. they will average down. yes the bottom fishers will be selling. but 1p to 2p is happening. only 467mill shares. a better case than mtfb was before the 700% rise on monday:) |
Posted at 08/1/2020 17:54 by zen12 It's such a wooly and armeturish RNS, smells of a desperate BoD trying to cause fear with investors. Vote down and sack this inept BoD....last chance to get this of this lot don't miss out lol |
Posted at 02/1/2020 11:41 by seagreen apf not sure why you rant on there are two offers from two different sets of wouldbe investors who are both trying to invest in and rescue AAOG which has or is running out of cash...the city is not a charity of course both groups perceive there is still value left in the project should they be able to produce commercial oil.To my mind ZEN have come in with an offer that is very good for ZEN shareholders and leaves aaog shareholders with a cash shell and not much else even securing the lion share of the snpc debt and the asset. Whereas the secondary offer is trying to create enough operational financial security to see the company through to a drilling and loaning the cash until snpc repays their debt. Plus removing the overhang of the finance deal. They also indicate the previous ceo Alex should return and hopefully Oleg. The logic hopefully being for new investors or existing ones I guess is that this will have got the blessing of the Congo state as they had the original relationships and trust of the government. It would be no great surprise (being a pessimist or a realist) due to the Congo's well documented discussions with the IMF if the SNPC debt is ultimately funded mostly by oil revenue if they can produce comercial oil. Therefor the loan would provide working capital to proceed until this debt is repaid. This is pure supposition worst case logic not fact what so ever. However, at least this would enable the project to proceed. This of course is far from ideal but a potential life saving scheme which hopefully would produce a licence extension that is crucial to proceeding to CPR status. As ZEN believe their deal would. In either case wages would have to be paid. In ZEN's case the majority of value upside would flow to ZEN shareholders and in the second case to AAOG shareholders. Obviously there will be new share incentivisation made to the new board in the second case as they would look to cut the directors wages to a sensible level. So you either believe in one or the other or you give up on the project all together. One way or another the shareholders/board will decide on the best deal for shareholders in good faith. I would think the ZEN deal is worth around 0.5pence to AAOG shareholders plus an RTO into a shell (with no guarantee) and the second one is worth about .75p to 1p to shareholders with realistic upside if they can produce comercial oil (with no guarantee) It is what it is in the absence of a better deal or an increased offer there is no conspiracy or under hand plottings and is far from ideal but the situation is not the fault of either party making offers as far as I know so one has to look at it with fresh eyes once we know what is decided. No point crying over spilt milk it has happened and the way the former Chairman has stepped down from his other role under pressure(which I think is also under financial pressure but I have not looked)is potentially indicative of the financial crisis here. (and for that matters ITOG which went from 100m or more to zero and delisted all be it in difficult times for the oil price, but no point in raking over old ground.) What value market cap would you give aaog if they got theirs costs back on track got a licence extension and undertook a controlled drill which produced flow rates for a CPR and then started producing oil. I would suggest more than £1m which is where it was a few days back. Not unreasonable to think it would 5 bag and then more if they can get the oil out of the ground. But all pure supposition for now. |
Posted at 01/1/2020 17:44 by apfindley They dont know.All this is being orchestrated by a group who are serving themselves, with small investors benefitting only by being along for the ride. What money changes hands and who's pockets it goes into is another matter, which I expect the group involved will be reluctant to talk about.They're not doing this action as saviours, they're doing it to benefit themselves primarily...and thoughts to the contrary are misplaced. |
Posted at 04/10/2019 10:15 by supercity The 5.2p sharesFurther down-- The Investors receive their subscriptions monies back from the Company then repay that GBP5,685,212.57 to the Company in 12 monthly instalments subject to adjustments based both on the Company's share price performance and the ability of the Investors to trade in the Ordinary Shares as set out below. |
Posted at 31/8/2019 05:49 by supercity I see the 109,000,000 (9,000,000 shares a month) that need to be sold over the next year starts next week, Must be time for a few more news releases then.The ISA Proceeds are to be distributed to the Company in equal monthly instalments of GBP473,767.71 over a period of 12 months starting from 1 September 2019 and which shall be subject to the adjustments and the terms as set out below (the "Monthly Settlement").As such, the Investors are required to sell Ordinary Shares in order for the Company to receive any funds. Therefore, in order for the Company to recoup the ISA Proceeds in full, the Investors would have to sell 9,110,918 Ordinary Shares (the "Assumed Monthly Traded Shares"), being 1/12(th) of the ISA Shares, at the Benchmark Price each month.The Investors have covenanted with the Company to use their best endeavours to dispose of at least 4,555,459 Ordinary Shares (the "Minimum Monthly Shares"), being 50% of the Assumed Monthly Traded Shares, in each month. |
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