Anglo African Oil & Gas Share Discussion Threads

[stanton1961] 02/1/2020 15:34

hxxps://www.guerillainvesting.co.uk/2020/01/02/open-letter-to-aaog-finncap-nomad-who-the-fk-are-oxford-energy-ltd/

[matunde24] 02/1/2020 14:28

Thanks for your advice... But mesk1234 is the one

[alamaison5] 02/1/2020 14:12

Why do people recommend shares to buy to others?

1) Ego, to show how good they are at picking the next riser?

2) Genuinely altruistic and want to make other benefits of their knowledge/research.

3) To make the share price rise so they can sell their holding and make a nice profit.

Which one are you?

Also, why 98.72% lol, of the time rampers will inform you when they sell?

[matunde24] 02/1/2020 13:20

Oh yeh... U have changed your tune... You were saying 30p at one point!

[seagreen] 02/1/2020 12:41

Well ZEN seem to be hiring locally as though they have the winning bid or they are going to target the Congo one way or another....if they think they are going to become a midcap oil producer they must think AAOG is a bargain all be it with the risks of exploration costs etc...quite remarkable...l

[dm2000] 02/1/2020 12:04

Sold mine and brought more zen

[seagreen] 02/1/2020 11:41

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.

[acuransx] 02/1/2020 11:02

Shut up you ramper thought u saw the rig from your window amd now.tampon has vanished

[mesk1234] 02/1/2020 11:01

Being delisted very soon. Get out while you can.

[dubian99] 02/1/2020 10:14

Not one green candle has been created this am, 5min, 15, 30, 60, engineering at it's finest,
Picasso couldn't control his red as perfectly

[tommiea] 02/1/2020 09:10

So Stanton 1961 ,,,,your thoughts on the open letters links you posted are ??

[apfindley] 02/1/2020 09:05

Market doesnt seem to like the alternative proposal from the private group who disliked the sellout to zen.

[matunde24] 02/1/2020 08:15

I heard about that... Sefton at his best

[adrianuk] 01/1/2020 21:23

acuransx: I agree...will only.buy in if it falls to 0.1 or 0.2 max

You Sir are a toxic De-ramper!

[adrianuk] 01/1/2020 21:13

Zenith Energy's proposal is horrific. At least Align's proposals gives shareholders a chance to turn things around with the former Co founder and CEO Alexander at the helm. The alternative is to become a cash shell and delist.

[stanton1961] 01/1/2020 18:32

hxxp://www.alignresearch.co.uk/anglo-african-oil-gas/aaog-statement-from-proposed-director-nominee-alexander-macdonald/

[stanton1961] 01/1/2020 17:45

hxxp://www.alignresearch.co.uk/anglo-african-oil-gas/open-letter-to-sarah-cope-of-aaog/

January 1, 2020

[apfindley] 01/1/2020 17:44

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.

[tommiea] 01/1/2020 13:37

Wow,,,I watch and smile. Do any of you actually know what is happening or is it just speculative gibberish. How do you know that those "replacements" will be any better and will deliver

[tommiea] 01/1/2020 01:13

What happened to the previous

[apfindley] 31/12/2019 18:01

Look up the word hypothetical.Idiot mickey. I never said I still hold.

[bad gateway] 31/12/2019 17:04

Was a seller after the news having bought early morning so had a lucky end to the year.
Not used to an aaog trade going well.

Would like to know more on this one..

"Further, the remuneration of these replacements being pegged at a nominal salary level with their upside coming from equity appreciation"

before having another trade as management being paid in shares could be quite dilutive at this price but apart from that prefer the deal and would vote for no.2 if holding again.

[bad gateway] 31/12/2019 16:52

Post 4392 Africa DOES NOT respect those who treat them with respect. Certainly the Congo nor SNPC anyway.
AAOG wouldn't have been in this position if their partners had paid up on time and they're not alone.


Just thought that needed drilling into peeps after that comment.