Anglo African Oil & Gas Share Discussion Threads

[mr_blonde] 24/12/2019 10:56

With all that oil they claim to have found, why not have a rights issue.

I'm sure existing shareholders would rather save the company and keep the oil than lose it all at this stage.

[mr_blonde] 24/12/2019 10:40

If the oil is there as they have claimed then surely they must be able to get funding from somewhere, whether farmout or whatever.

At 1mill mkt cap it seems too good an opportunity to miss.

Also I understand they are owed over 5 million.

[zen12] 24/12/2019 09:51

Should rise from here on positive news..0.4 is the bottom now.

[escapetohome] 24/12/2019 09:51

Glad to have nada holding here.

[escapetohome] 24/12/2019 09:50

Boy, did seagreen, get this one right.

[blueball] 24/12/2019 09:47

Should fall to 0.25p next year.

[338] 24/12/2019 08:29

Massive fraud

[sandcrab2] 24/12/2019 07:52

Aim at its worst

[phurley] 23/12/2019 23:48

This really is fraud on a massive scale and imprisonable. It is clear as mud what has happened here.

[officerdigby] 23/12/2019 23:31

They will have the 'plan' already (admin and asset grab etc) and its very hard to stop BODs doing this. They hold the cards and will there will no doubt be a wind-up order from a debtor or whatever in time for February.

100/1 Align can stop it I would think!

[adrianuk] 23/12/2019 20:52

So why did the company state, it was trying vigorously to retrieve the money owed, by court action, Then a week or so later state they only have working capital until early February? It's blatant fraud. BOD need to be kicked out and replaced quickly. Then FCA need to check for corruption.

[officerdigby] 23/12/2019 18:34

Seems to be following a well trodden AIM path.. Sham(e)!

[sea7] 23/12/2019 14:32

Align Research
@AlignResearch
RNS noted ref Anglo African Oil & Gas #AAOG We can confirm that we are behind the attempt to put together an EGM to sweep out almost all the board & install Alexander MacDonald as CEO. Statement to come in days ahead.

[nutty1] 23/12/2019 13:50

I love the bit about 'no unforeseen claims'

Lets hope no one can prove otherwise, else the Board may find themselves in trouble.

[dodge_city] 23/12/2019 13:49

So how much are these so called "assets" worth. They can't be worth much because ZEN is just another micro cap mickey mouse company

[zen12] 23/12/2019 13:47

Zenith RNS Out - confirming sale talks!Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, notes the announcement from Anglo African Oil & Gas plc ("AAOG"), and confirms that Zenith is in discussion with AAOG to purchase certain assets of AAOG, but that there can be no certainty that any transaction will be completed. Zenith will update the market accordingly if and when matters have progressed sufficiently.

[nutty1] 23/12/2019 13:47

Response to Speculation
23 December 2019
Anglo African Oil & Gas (AIM:AAOG) notes the recent speculation surrounding its financing plans. As disclosed on 11 December 2019, the Company is examining its financing options in light of the continued non-payment by SNPC. One such option is a sale of a controlling interest in the Company's wholly-owned subsidiary, Anglo African Oil & Gas Congo S.A.U., which holds a 56% interest in the Tilapia field in the Republic of Congo.
The Company has received a number of expressions of interest in this regard, including from Zenith Energy Limited, and is currently in negotiations. However, there can be no guarantee that any transaction will be concluded or on what terms. Further announcements will be made in due course.
In the meantime, the Company is managing its creditor position and has sufficient capital to allow it to continue as a going concern until at least the beginning of February assuming receipt of the £150,000 owed by Anglo Tunisian Oil & Gas Limited (of which £50,000 is to be paid to the Company today with the remainder due to be paid by the end of this month) and no unforeseen claims. The Company is therefore in negotiations with providers of structured equity finance with a view to providing further working capital for the Group. Again, there can be no guarantee that such financing will be available or on what terms.

[dodge_city] 23/12/2019 13:14

So there we have it the field is up for sale, very bad smell of corruption here,.

[dodge_city] 23/12/2019 13:05

It's a gamble here, it could go either way.

The outcome will be decided by the politicians.

[nutty1] 23/12/2019 12:59

Yes, things could get an awful lot worse.
I suspect all sorts of claims could be flying in AAOG's direction before too long.

[seagreen] 23/12/2019 12:26

The market fights back lets hope an EGM or GM is possible and "Cane the Con" can follow "Lyin' James" and "Toxic Dave" and give this company a new board, fresh funds and get the nod of approval from the Government of Congo


hxxps://www.shareprophets.com/EPIC?epic=aaog

ARTICLE
BREAKING: Anglo African Oil & Gas from Bad to Worse but a sack the board GM call on the way

2019-12-23 10:28:52

Having parted company with toxic David Sefton and Lyin’ James Berwick could things get any worse for Anglo African Oil & Gas (AAOG). With cash very tight and the Fat Lady already gargling in the wings surely not? Well actually yes.

[dodge_city] 20/12/2019 16:12

This will bounce from here in the antipcation of a successful outcome of mediation with the SNPC.