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Share Name Share Symbol Market Type Share ISIN Share Description
Anglo African Oil & Gas Plc LSE:AAOG London Ordinary Share GB00BD0Q3L08 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.30 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -11.7 -9.3 - 1

Anglo African Oil & Gas Share Discussion Threads

Showing 9176 to 9198 of 9375 messages
Chat Pages: 375  374  373  372  371  370  369  368  367  366  365  364  Older
DateSubjectAuthorDiscuss
17/1/2020
15:11
seagreen,

There was a non circumvention clause in the contract which means AAOG still on the hook for the introduction fee money. A standard clause otherwise everybody would weasel out of paying intro fees by doing what AAOG did with ATOG.

All explained here:

Https://www.shareprophets.com/views/46823/bombshell-the-truth-about-the-lawsuit-that-should-sink-anglo-african-oil-gas-see-its-board-and-possibly-nomad-sacked

This is completely separate from the £300k which AAOG spent on DD which ATOG benefited from.

sweet karolina2
17/1/2020
10:23
380,000 is probably receipted money spent by AAOG BOD to investigate/sort Tunisia assets.The fact that they were being paid salaries by AAOG whilst doing this is probably not covered in the 380,000.
officerdigby
17/1/2020
08:27
Wow! Thanks sweet karolina..Didn't realise that was the extent of it.

And just for clarity, is this separate from the c. £380k or so, still owed by ATOG to AAOG for the Tunisia DD?

nutty1
17/1/2020
08:03
Sk interesting legal point if aaog did not benefit from Atog and the case was proven whether aaog is liable or Atog is liable.........frankly I think they are all bent barstewards...but it costs money to bring class actionsThe only pay back is the board will never be selected as directors again as there would be an outcry
seagreen
17/1/2020
03:17
SK, I think of the recent posters forgot about that, oh dear!
dudishes
17/1/2020
00:43
nutty,

One big horrible skeleton is already out. AAOG breached its contract with Askell who introduced the Medco assets and is being sued for £1m in cash and £700k in shares. Cope has tried to cover up the full horror by saying the claim has no merit, but only complete mugs believe that.

sweet karolina2
16/1/2020
21:32
Do you think any skeletons are going to come tumbling out of a cupboard marked 'Tunisia'?
nutty1
16/1/2020
12:07
APF it may be hard for you to believe but I think one or two posters are simply deeply depressed (even incensed) at what has gone on, well I am there are too many unaswered qusetions. I hope and believe that AIM regulation will consider carrying out an investigation in due course although that would be of both the NOMAD and the legal entity but it will be behind closed doors, unless any public fines or censors are made, so no one will be probably any wiser. Time to move on.
seagreen
16/1/2020
10:47
APF very strange that your reluctance to criticise Sefton et al. sideWhat did exactly did that BOD do for you in 2019 to help develop the asset.? Look in the hole..?.Spend £500,000 sizing up ATOG opportunity. Change plans and annoy SNPC?Was is something personal? Something helpful perhaps?
officerdigby
16/1/2020
09:47
I do indeed know. And I know all the players and where the skeletons are. Let's see where this ends up in the next six months. Nowhere.
aaogplc
16/1/2020
08:59
To buy now or to avoid? Answers for and against on a postcard
laptop15
15/1/2020
18:31
Very not beefy, that was the security guards AC had on Monday
aaogplc
15/1/2020
18:30
Pure guess work APF. The directors were beefy real and all questions were answered. Significantly better deal than Zen
aaogplc
15/1/2020
17:11
More death spiral finance soon to fund directors perks.
apache_dropout
15/1/2020
17:02
The zen offer is better because there is more info, verifiable info, available and because its listed they can see who's involved too.The other proposal was from a group of people who wanted to hide behind some makeshift directors to secure their deal and companies such as oxford energy who nobody had ever heard of , and with no trading history.And the questions the directors asked of these faceless players, were never answered, so it was likely a self-serving, pocket-lining deal for a group of mates.
apfindley
15/1/2020
16:57
Priced to be bust or raped for it assets. Down the pan either way.
apfindley
15/1/2020
15:07
AIM regulation will be all over it but you will not hear unless someone gets fined....thanks though I thought I had heard something like that..I still can not see how they got away with it in this day and age very depressing
seagreen
15/1/2020
14:34
Yes BOD signed up to ZEN b4 vote, then threatened possibility of claims against Co if SH's voted against. And suggest insolvency for voting against.This all not one month after everything going OK starting work on field again RNS...In short a massive stitch up
officerdigby
15/1/2020
13:37
All true but Miton were apparently sitting on the fence last week...Guess he lost either way he voted ...so must have assesed this was the best way to go

Soory to be lazy and not check but I think the second deal needed 75% to vote the board down and as the board had the use of the specialist finance shares it was never going to happen...

I had just thought/hoped the board should have voted the other way but may have committed to it legally and it was too late to change as does not make sense....

anyway I think the board are queuing up to jump ship as its been a farce and must be sole destroying

If they ever bring it into production and hit the target pf 4000 barrells there is a nice balloon payment which is about 4 times market cap but by then the cupboard may be empty....

Perhaps they could reverse ATOG in here.....oh we laughed....whether long short or flat...its bloody embarassing for AIM

seagreen
15/1/2020
12:38
Miton hold shares in ZEN 4%
aaogplc
15/1/2020
12:37
The AAOG board were well aware of AC historic and current difficulties but chose to ignore them.
aaogplc
15/1/2020
12:34
Miton trust evidently thinks the ZEN deal better.
p@
15/1/2020
12:22
FWIW I have yet to hear a straight forward argument that shows the ZEN offer to be better than the second offer for shareholders, but I do not know the ins and outs and had never heard of Jub Capital.

I must be missing something as no one has clearly put forward an argument explaining why the ZEN deal is better for the shareholders....I would love to know why.

So in the mean time one can not help but conclude/be suspicious the board want to skuttle the ship, burn the evidence and swim ashore.

There remains a huge risk that SNPC will not authorise an extension of the lease and/or let ZEN take over the asset and sell it somewhere else. The issue of SNPC's unpaid debt. The recent disputed legal claim hangs over the project, of course the small matter of producing the finance to drill it and prove it. Otherwise I would bite the bulit and have bought a bit of ZEN but their CEO has had more brushes with the law than Basil.

seagreen
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