Anglo African Oil & Gas Share Discussion Threads

[tameimpaler] 17/9/2019 12:49

It's alright Seagreen - I'm conversant with the current state of play and the relevant licence regulations. It's more than just a bit childish to insinuate that there is a problem with the timelines for the renewal when that is absolutely not the case - some folk may take your "tongue in cheek" comment at face value and we wouldn't want that, would we?

Sometimes it is best to say nothing if you don't have a firm grasp on the subject matter.

[seagreen] 17/9/2019 12:07

apologies Tame I do not know (post was tongue in cheek as my friend keeps on trying to wind me up and suggest I am either Tom or buying in shed load of stock neither of which are true) but it would certainly underpin the stock to some extent ...seems a bit of a chicken and egg they wont start a drilling plan without a new licence as that would be silly and they have been looking for a new licence for over two years....all a tad peculiar ....but if the govt let it expire like in some african countries I guess they could claim non performance but they are still paying back some of the loan/debt which indicates they are keen to renew it but that last rns was in April so its all a tad peculiar....if I hear anything positive or negative that I think is genuine I will post as its fairly horrid for existing remainers

[338] 17/9/2019 06:29

Why are you not sure about the license to be given, where the details are currently being finalised?

[ddonaldson2] 17/9/2019 05:50

Seagreen understanding absolutely nothing about anything including the licence is currently 1/1000 on paddy power

[tameimpaler] 16/9/2019 22:38

That's great Seagreen, but what do you understand to be the earliest date that the licence can officially be granted to aaog?

[seagreen] 16/9/2019 21:45

his departure and no contract renewal are 6/4 fav with paddypower . chart broken down

[croxonopolis] 16/9/2019 16:27

On no news this week, this will drift to new lows. If James has got any good news to put out - now is the time after Fridays shock departure of DS - which caught many by surprise.

[apfindley] 13/9/2019 13:44

Looks like the wind has blown another piece of chaff in the right direction. Congrats on your purchase whingyfroth.

[338] 13/9/2019 10:26

Don't be too obsessed with AAOG...or a company in AIM..have a look FTSE and find a share with price at AIM level and potential for making several hundreds percent of gain...

DKE...start generating steady revenue and to be profitable... There is still good opportunity to make 350% gain... You may struggle yo buy shares... dyor..

Big deal with universities is due to be made worth in excess of £30m... Current market cap is under £3m so you can imagine the explosion when it's announced... dyor... dyor.. dyor

worth to risk couple of thousands pounds...whilst awaiting for AAOG to hire new chairman dyor... dyor

[apfindley] 13/9/2019 09:59

(Considering they're supposed to not be Invested)....Some people are too obsessed with aaog.

[bad gateway] 13/9/2019 09:57

Not disagreeing that this hasn't been an awful investment sea but honestly who invests in aim minnows? We're traders aren't we? in on positive flow out on negative?
I was just remarking on the fact you were once positive and found the post for you thats all.
Waiting myself now for next news here. If its true that they do indeed have the funds for sidetracking then this share price will seem cheap soon enough no matter the history if not then fair enough the co. will deservedly go down. Think they'll surprise myself but thats not advice meant to advise yourself honest or ZENGAS to buy in.

[dodge_city] 13/9/2019 09:04

This whole company is one big lie.

[cashandcard] 13/9/2019 08:46

Zengas,


Disgusting if true. I hope ATOG crashes and burns.

If it does work out for him, shareholders here should demand their funds back.



Cash

[honestmarty] 13/9/2019 08:25

JB will be next out.

[zengas] 13/9/2019 08:24

They are still together at Anglo Tunisian oil and Gas ltd formed in March (23/3/19) of this year and now with 5 directors.

Sefton and JB 1 month later (23/4/19) formed Anglo Tunisian Oil and Gas Holdings LLP

[croxonopolis] 13/9/2019 08:10

I think the writing was on the wall for Sefton a long, long time ago. I remember the "we are seeing a lot of oil' comment very well. The next interview he gave, he was very down cast. Like he had taken a huge dressing down pre interview. James would of disliked his spin, as his reputation is at stake. ATOG was the last straw.

Things like this do not happen over night. The radio silence pointed to all not being well with DS. There could have been great tension between him and the rest. In the end, forced out if you ask me.

I, like many here, have been following this for JB alone. I still have faith in him.

[zengas] 13/9/2019 07:42

Will he resign from or still find the time to work at Anglo Tunisian Oil & Gas ?

Regardless of his departure, where does this leave the following -

circa £600k tied up in the dd for the Tunisian assets that AAOG paid that ATOG now pursue with a full suite of directors but covered it by saying AAOG might not get it back.
A court case for pursuit of alleged damages for drilling against SMP drilling (that he said they could pay at any time to resolve the asset freeze -scant details on what has happened to date even though its been stated as lifted but what are the details). This also dragged the government partner into the matter.
Further payments from SNPC/Government - what's happening ?
If AAOG end up with a greater interest then surely they need greater funds for drilling ?
Licence terms still not out.
He dismissed the lack of a much awaited CPR that could no longer come, as not important.

The oil coming into the well i still have my doubts about where it might be from. They think it's the Djeno but what if it's from a thin reservoir bed close by of similar oil quality to what's known emanates from other Djeno reservoirs elsewhere.

I've always regarded some of the statements as fast and loose and a bit scatter gun and when i take in the points i highlight above i see reason for me personally to have doubts about the Djeno oil claim - others are entitled to think differently and take it as face value but to me there has been such a catalogue of incidents and ATOG matter, that im not surprised he's finally gone.
After all this time they still haven't signed up a drill rig despite 2 in country but do plenty of talking about it.

The financing has been gruesome. He never saw fit to put his hand in his pocket to buy into what he beleived in - will any of the rest of them, or will we see a complete refocus to look for additional assets.

[338] 13/9/2019 07:40

Your opinion on CEO can be different to others...like opinions on DS...that's why I asked...unless you just want to be a follower 😂

[matunde24] 13/9/2019 07:31

You should know. Since you been posting old news... And came out the blue! Just another troller or alias

[338] 13/9/2019 07:24

DS was good on financing but no clues on drilling and production of oil...is the CEO good enough technically?

[honestmarty] 13/9/2019 07:21

The next RNS will be a catalogue of bad news.

FLEE

[honestmarty] 13/9/2019 07:20

No, it's pretty obvious

There is no money, no license, no rig.

Flee