Anglo African Oil & Gas Share Discussion Threads

[caters] 13/2/2018 00:10

That's a bit unfair on Arthur!

[allotment] 12/2/2018 19:19

Good grief presumably the Nomad has not heard of google just stumbled across this delisted gem.....

hxxp://www.international-ogt.com/content/about/board.asp

Looks like Arfur Sefton 'as previous M'Lord ....

How does someone like this become Chair for a second go at the trough...

How can you be on a board of a delisted company that has lost all its investors money and reapear as Chairman and try again... welcome to the AIM casino

News
14 November 2016
Update

As previously announced the Company’s shares have been suspended and are no longer traded following the litigation which, although successful, denuded the Company of its cash reserves. In respect of the two remaining underlying investments, Strata Oilfield Services Inc. was affected by the oil market crash in Alberta, where the oil sands were the most expensive onshore production fields and when the oil price fell there was a dramatic reduction in demand for drilling services. Strata Oilfield Services Inc. went into administration last year and there was no recovery for IOGT. Crest Energy Services Ltd remains in operation and there are ongoing discussions with potential vendors but the directors must caution that the possibility of any ultimate recovery for shareholders remains remote.

hxxp://www.international-ogt.com/content/media/archive/2016/14-11-16.asp

[allotment] 12/2/2018 18:34

Andrew Matharu ROFLMAO what a star Tower Rresources 2

[allotment] 12/2/2018 18:25

Still good story line for the next series of McMafia

[allotment] 12/2/2018 18:24

hxxp://linton-capital.com/content/team/team.asp


Quite the rogue's galary ...surprised Jervais does not tell him to hand over the reigns to the people who he fired who know more about oil and gas than the whole current board put together

[moneytree1] 12/2/2018 14:31

not ONE thing they have said in RNS's has come good or happened.

they could atleast buy a few shares at this price.

what a bunch of c nts.

Jamie Oliver will be hired next imho.

[moneytree1] 09/2/2018 15:53

Bend me over and take me Sefton.

[moneytree1] 09/2/2018 15:25

when you see how much they paid for the 'licence'

youll get an idea how well they are doing out of it.

[moneytree1] 09/2/2018 15:24

money wouldn't have been wasted.would have gone straight into their bank accounts one way or the other.

they'll be hoping for more soon.

[cashandcard] 09/2/2018 15:21

buffy,


Well said. They still have not explained whether there has been any flowline change, which was communicated months ago, and did not require a rig.

I'm beginning to think DS maybe well advised to step aside. I mean, just look at his tenure at the top, he and his teams/s, missed every target they set themselves and are still in limbo as to whether we are going to drill soon, if we secure an extension on the license that is. An absolute waste of a year and the best part of £10mln.


The only saving grace is the assets have not changed, they are in the right postcode and with a little subsurface work, they could unlock substantial value in the known horizons.


Cash

[moneytree1] 09/2/2018 15:20

sunny is a postman or so I heard.

probably not the best of ideas to take investment advice of your postie.

I do like postpeople though and im sure there are some very shrewd and cunning ones out there.

[buffythebuffoon] 09/2/2018 15:17

Aside from the fact that the date (on which we were likely to 'definitely have a rig available') has changed more than once, that's not true is it sunnybeachboy?

Sefton suddenly announced that not only are we now trying to get a licence extension, but that we wouldn't drill without one.

Half truth after half truth; and I'm being generous with that interpretation.


Buffy

[moneytree1] 09/2/2018 15:14

remember ppl wondering why there was always large sells printing back in the teens and 20s....

its sad to feel like a Chump.

Chump Life is no Life.

[sunnybeachboy] 09/2/2018 14:57

Ds has always stated a rig contract will be signed once they know rig is definitely available. So we could be seeing a rig contract signed soon.

[pistonbroke1] 09/2/2018 13:42

thought the preferred rig was going to be available firstly from mid January, then for Feb. So now it's March is it, he just keeps moving the goal posts month by month. Mind you makes no difference if we don't get license extension anytime soon.

[money4me] 09/2/2018 12:30

the share chart tracks the progress of the company quite well - steadily downhill. just a 100% increase to get to 20p now

[buffythebuffoon] 09/2/2018 12:18

Yes, appalling management and communication by Sefton.

Maybe he wants to run the share price into the ground while his salary is paid in shares for a few months, then a rig will appear in the summer.

I’d love to attend a future presentation to have a chat with him.

Buffy

[cashandcard] 09/2/2018 12:07

I suspect we maybe waiting until late-spring/early-summer, they've really let this one go on for too long, a contract should have been inked by now. I fear the 'keep the lights on' costs and other overheads will further drain cash from the coffers. Still invested, the moment there is any problem with the license or associated requirements, I'm calling it a day.


Cash

[neo26] 09/2/2018 11:44

Really frustrated with this stock, have eni decided to drill another well, the preferred rig will be available in March according to SEFTON...I guess we should wait what else can we do?

[money4me] 08/2/2018 11:27

just need to redefine the word 'imminently'

[pistonbroke1] 08/2/2018 09:13

eodfire - Care to have a rethink on your post 2154 now as I make that a WEEK!

[borg45] 07/2/2018 15:35

Jeez a halcyon day AAOG is even up