TIDMAAOG

RNS Number : 3818Y

Anglo African Oil & Gas PLC

08 September 2020

Anglo African Oil & Gas plc ("AAOG" or "the Company")

Unaudited Interim Accounts for the six months ended 30 June 2020

Chair's Statement

This interim accounts covers the six-months period to 30 June 2020, during this period the Company completed the sale of Anglo African Oil & Gas Congo S.A.U ("AAOG Congo") the Company's Congolese subsidiary which held the working interest in the Tilapia Asset.

Faced with very limited cash resources and unable to fund the ongoing operational costs and liabilities of AAOG and AAOG Congo, and having considered the alternatives in detail with its advisers, the Board took the decision that the best option for Ordinary Shareholders was to find a buyer for AAOG Congo.

The Company announced on 27 December 2019, that it had entered into a conditional sale and purchase agreement ("SPA") with Zenith Energy Ltd for the sale of an 80% interest in AAOG Congo which holds a 56% interest in Tilapia in the Republic of the Congo ("Disposal").

The consideration for the Disposal was GBP1 million, of which GBP500,000 was in six equal monthly cash instalments from the date of completion and GBP500,000 of Zenith Ordinary Shares. In addition, Zenith was to fund AAOG's share of a US$5.5 million work programme on Tilapia and fund the upfront cash element of any signature bonus payable for the new licence negotiated with Congolese Ministry of Hydrocarbons.

The Disposal would have resulted in AAOG retaining a carried interest in AAOG Congo without the requirement to raise additional funds for the future work programme.

The Company had anticipated that completion of the Disposal would take place swiftly following the shareholders' meeting in January 2020. Indeed, AAOG's cash position did not at the time allow for the completion of the Disposal to be delayed much beyond that. Disappointingly, Ministerial consent in the Republic of Congo to the change of control of AAOGC, a condition to the Disposal, was not forthcoming. Neither AAOG nor Zenith could say with any certainty when such consent would be forthcoming, particularly in light of the COVID-19 pandemic which restricted the ability to meet with officials and progress matters.

AAOGC's creditor position in December 2019 was circa $3 million and the team in country was continuing operations and managing the creditors carefully with the cash that AAOG had been able to contribute as well as receipts from the sale of oil production from the Tilapia field. Since 20 January 2020, AAOG's primary cash source has been its strategic investor, Forum Energy Services Limited ("Forum"). Forum has indicated to the Board of AAOG that it was not prepared to fund any further cash calls from AAOGC given the uncertainty outlined above. This coupled with the collapse in the oil price in March 2020 and the impact of the COVID-19 pandemic meant a worsening financial position for AAOGC.

The Board of AAOG faced the very real prospect of AAOGC falling into some form of insolvency procedure which would obviously mean the Disposal would not complete and the Company would receive none of the consideration from Zenith.

Given the uncertainty as to the timing of completion of the Disposal, as well as no certainty on when AAOG could expect to receive funds from Zenith and when Zenith would assume AAOGC's liabilities and running costs pursuant to the Disposal, the Company and Zenith therefore entered into an agreement in April 2020 to accelerate the assumption by Zenith of the running costs and liabilities of AAOGC, as well as amend the terms of the consideration payable pursuant to the Disposal (the "Consideration") and the terms of Completion.

The Company agreed to Dispose of 100% of AAOG's interest in AAOGC rather than the 80% originally envisaged. The Consideration was amended to GBP200,000 which was paid in cash. The payment of the Consideration was not conditional on Ministerial consent. Zenith therefore acquired 100% of AAOGC on 3 May 2020 and assumed responsibility for all liabilities within and ongoing costs associated with AAOGC from that Date. As a result, shareholders in AAOG no longer have any exposure to the Tilapia asset or its liabilities or receivables.

The Disposal constituted a fundamental change of business of the Company as the Company ceased to own, control or conduct all or substantially all, of its existing trading business, activities or assets. The Company is now therefore an AIM Rule 15 cash shell and as such will be required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from 5 May 2020 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least GBP6 million) failing which, the Company's Ordinary Shares will then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM will be cancelled six months from the date of suspension should the reason for the suspension not have been rectified.

The Company is now actively seeking an acquisition of an asset or a company with the ability to increase value for shareholders and the Board is actively reviewing opportunities.

Results for the year

Group's Loss for the period from continuing operations GBP462,000 (2019 - GBP2,212,000), the reduced loss is due to lower staffing costs and overhead's since the marketing and sale of AAOG.

With the sale of AAOGC the Company continues to review and reduce overhead costs, as it seeks new opportunities.

Finance

To protect the interests of its members the Company has entered into an unsecured convertible loan note in June 2020 amounting to GBP1,500,000 the first drawdown of GBP160,000 was completes on 12 June 2020. All drawdowns and associated fees are convertible into ordinary shares.

The Company continues to discuss finance options with external investors and its major shareholder.

Overall strategy

With the sale of its only asset in May 2020, the Company is currently an AIM Rule 15 cash shell and is currently looking at opportunities for acquisitions that will establish a near term cash generating business in the natural resources sector.

The board will keep shareholders informed of its progress on a regular basis.

Sarah Cope

Non-Executive Chair

_______________

Consolidated Statement of Comprehensive Income

 
                                                       SIX         SIX 
                                                    MONTHS      MONTHS        YEAREDEDED 
                                                  30.06.20    30.06.19    31.12.19 
                                                             (Restated   (audited) 
                                                                    *) 
                                          Notes    GBP'000     GBP'000     GBP'000 
 
 Continuing operations 
 Revenue                                                 -           -           - 
 Cost of sales                                           -           -       (755) 
                                                 ---------  ----------  ---------- 
                                                         -           -       (755) 
 
 Administrative expenses                    5        (462)     (1,970)     (3,604) 
 Share-based payment (charge) /credit                    -        (47)         135 
                                                 ---------  ----------  ---------- 
 Loss from operating activities 
  before exceptional items                           (462)     (2,017)     (4,224) 
 
 Fundraising costs                                       -       (195)           - 
                                                 ---------  ----------  ---------- 
 Loss from operating activities                      (462)     (2,212)     (4,224) 
 
 Finance costs                                           -           -     (4,675) 
                                                 ---------  ----------  ---------- 
 Loss before tax                                     (462)     (2,212)     (8,899) 
 Taxation                                                -           -           - 
                                                 ---------  ----------  ---------- 
 Loss for the period from continuing 
  activities                                       (462)       (2,212)     (8,899) 
 Loss for the period from discontinued 
  operation                                 9        (172)       (241)    (10,495) 
                                                 ---------  ----------  ---------- 
 Total loss for the year                             (634)     (2,453)    (19,394) 
 
 Other comprehensive loss 
 Exchange differences on translating 
  foreign operations                                   229          60          40 
                                                            ----------  ---------- 
 Total comprehensive loss for the 
  period                                             (405)     (2,393)    (19,354) 
 
 Loss per share 
 Basic earnings (loss) per share            6 
 - From continuing operations                       (0.10)      (0.92)      (2.87) 
                                                 ---------  ----------  ---------- 
 - From discontinued operations                     (0.04)      (0.11)      (3.39) 
                                                 ---------  ----------  ---------- 
 
   Total                                            (0.14)      (1.03)      (6.26) 
                                                 =========  ==========  ========== 
 
 

* The 30 June 2019 comprehensive income number have been restated for discontinued operation, see note 9

Consolidated Statement of Financial Position as at 30 June 2020

 
                                              30 June    30 June   31 December 
                                                 2020       2019          2019 
                                                                     (audited) 
                                     Notes    GBP'000    GBP'000       GBP'000 
 
 Non-current assets 
 Property, plant and equipment         7            -        139             - 
 Intangible assets                     8            -     12,709             - 
                                            ---------  ---------  ------------ 
                                                    -     12,848             - 
                                            ---------  ---------  ------------ 
 
 Current assets 
 Assets included in disposal 
  group 
 classified as held for sale           9            -          -         5,482 
 Stock                                              -         37             - 
 Trade and other receivables          10           52      3,651           497 
 Prepayments                                       77         89             9 
 Cash and cash equivalents                        170        739           170 
                                            ---------  ---------  ------------ 
                                                  299      4,516         6,158 
 
 Total assets                                     299     17,364         6,158 
                                            =========  =========  ============ 
 
 Equity 
 Share capital                        11       24,274     16,273        24,203 
 Share premium                                 17,210     17,159        17,110 
 Currency revaluation reserve                       -        249           229 
 Retained deficit                            (41,879)   (24,351)      (41,474) 
                                            ---------  ---------  ------------ 
                                                (395)      9,330            68 
                                            ---------  ---------  ------------ 
 
 Current liabilities 
 Liabilities included in disposal 
  group 
 classified as held for sale           9            -          -         5,379 
 Trade and other payables                         694      5,118           711 
 Provisions                           12            -      2,916             - 
                                                  694      8,034         6,090 
 
 Total equity and liabilities                     299     17,364         6,158 
                                            =========  =========  ============ 
 
 

Consolidated Statement of Changes in Equity

 
 
                             Share capital     Share premium        Currency     Retained 
                                                                 translation      deficit 
                                                                     reserve                   Total 
                                   GBP'000           GBP'000         GBP'000      GBP'000      GBP'000 
 
 Balance at 31 December 
  2018                              13,272            14,492             189     (21,945)      6,008 
 
 Share issue for the 
  period                             3,000             3,000               -            -      6,000 
 Costs of issue of 
  share capital                          -             (333)               -            -      (333) 
 Share-based payment 
  charge                                 -                 -               -           47         47 
 Total comprehensive 
  loss for the period                    -                 -              60      (2,453)    (2,393) 
                          ----------------  ----------------  --------------  -----------  --------- 
 
 Balance at 30 June 
  2019                              16,272            17,159             249     (24,351)      9,329 
 
 Share issue for the 
  period                             7,931               318               -            -      8,249 
 Costs of issue of 
  share capital                          -             (367)               -            -      (367) 
 Share-based payment 
  credit                                 -                 -                        (182)      (182) 
 Total comprehensive 
  loss for the period                    -                 -            (20)     (16,941)   (16,961) 
                          ----------------  ----------------  --------------  -----------  --------- 
 
 Balance at 31 December 
  2019                              24,203            17,110             229     (41,474)         68 
 
 Share issue for the 
  period                                71               100               -            -        171 
 Total comprehensive 
  loss for the period                    -                 -           (229)        (405)      (634) 
 Balance at 30 June 
  2020                              24,274            17,210               -     (41,879)      (395) 
                          ================  ================  ==============  ===========  ========= 
 
 

Consolidated Statement of Cashflows

 
                                                SIX            SIX 
                                             MONTHS         MONTHS        YEAREDEDED 
                                           30.06.20       30.06.19    31.12.19 
                                                      (* Restated)   (audited) 
                                            GBP'000        GBP'000     GBP'000 
 
 Cash flows from operating activities 
 Total comprehensive loss for 
  the period                                  (462)        (2,212)     (8,899) 
 Depreciation and amortisation                                  13          11 
 Impairment of fixed assets                       -              -          27 
 Loss on issue of own equity                      -              -       4,675 
 Share-based payment charge/(credit)                            47       (135) 
                                          ---------  -------------  ---------- 
 Net cash used in continuing 
  operation                                   (462)        (2,152)     (4,321) 
 Net cash used in discontinued 
  operation                                   (172)          (310)     (1,482) 
                                          ---------  -------------  ---------- 
 Net cash used in operating activities        (634)        (2,462)     (5,803) 
 
 Decrease/(increase) in trade 
  and other receivables                         445           (20)       (203) 
 (Increase)/decrease in prepayments            (68)           (44)          36 
 Decrease in trade and other 
  payables                                     (17)          (159)       (756) 
                                          ---------  -------------  ---------- 
 
 Cash used in operating activities            (274)        (2,685)     (6,726) 
                                          ---------  -------------  ---------- 
 
 Cash flows from investing activities 
 Proceeds from sale of investment               103              -           - 
  in subsidiary 
 Purchase of tangible fixed assets                -              -         (8) 
 Cash used by discontinued operations             -        (2,364)     (2,065) 
 
 Net cash from/used in investing 
  activities                                    103        (2,364)     (2,073) 
                                          ---------  -------------  ---------- 
 
 Cash flows from financing activities 
 Issue of share capital                         171          6,000       9,574 
 Costs of issuing share capital                   -          (333)       (700) 
 
 Net cash flows from financing 
  activities                                    171          5,667       8,874 
                                          ---------  -------------  ---------- 
 Net increase in cash and cash 
  equivalents                                     -            618          75 
 
 Cash and cash equivalents at 
  beginning of period                           170            121         121 
 
 Cash and cash equivalents at 
  year end                                      170            739         196 
 
 Cash and cash equivalents included 
  in disposal group                               -          (675)        (26) 
 
 Cash and cash equivalents at 
  end of period                                 170             64         170 
                                          =========  =============  ========== 
 
 
 

*The 30 June 2019 Consolidated Statement of Cash Flow has been restated for discontinued operation, see note 9.

Notes to the Financial Statements

   1.    REPORTING ENTITY 

Anglo African Oil & Gas plc is a company incorporated and domiciled in England and Wales. The address of the Company's registered office is 27/28 Eastcastle Street, London, W1W 8DH.

In preparing the consolidated interim financial statements for the six months ended 30 June 2020 the financial statements of its subsidiary undertakings, Sonnberg Diamonds (Namibia) (Pty) Limited and Anglo African Oil & Gas Congo SAU (AAOGC), has been included in discontinued operations as AAOGC was sold in May 2020.

Anglo African Oil & Gas SAU is a company registered in Republic of the Congo. The office address is Site de Tilapia, Route Nationale no. 5, BP-1753, Pointe-Noire, Republic of the Congo.

Sonnberg Diamonds (Nambia) (Pty) Limited is a dormant company registered in Namibia. The registered office address is PO Box 199, Lüderitz Namibia.

   2.    ACCOUNTING POLICIES 

Statement of compliance

This consolidated interim financial report does not include all the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards. The financial statements are unaudited and do not constitute statutory accounts as defined in section 434(3) of the Companies Act 2006. Selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in financial performance and position of the Group since the last annual consolidated financial statements for the year ended 31 December 2019.

A copy of the audited annual report for the year ended 31 December 2019 will be delivered to the Registrar of Companies after the approval of shareholders. The auditor's report on these accounts was qualified and did contain statements under s498(2) or s498(3) of the Companies Act 2006.

This consolidated interim financial report was approved by the Board of Directors on 7 September 2020.

   3.    SIGNIFICANT ACCOUNTING POLICIES 

The accounting policies applied by the Group in this consolidated interim financial report are the same as those applied by the Group in its consolidated financial statements for the year ended 31 December 2019.

   4.    OPERATING SEGMENTS 

In May 2020 the Company sold its 100% owned subsidiary Anglo African Oil & Gas Congo, since the sale the Company has become a Cash Shell under Rule 15 of AIM. Therefore, the Company only has one operating segment reflected in these financial statements.

   5.    ADMINISTRATIVE EXPENSES 

Administrative expenses include:

 
                                              SIX        SIX 
                                           MONTHS     MONTHS       YEAREDEDED 
                                         30.06.20   30.06.19   31.12.19 
                                          GBP'000    GBP'000    GBP'000 
 
 Costs incurred relating to potential 
  acquisition                                   -        290        290 
 Depreciation and amortisation                  -         13         11 
 Directors Remuneration                       133        395        572 
 
 

The directors are considered to be key management personnel.

   6 .      BASIC AND DILUTED LOSS PER SHARE 

Basic

The calculation of loss per share for the six months to 30 June 2020 is based on the loss for the period attributable to ordinary shareholders of GBP634,000 divided by a weighted average number of ordinary shares in issue of 439,958,935 (December 2019 - GBP19,394,000 - Number 309,622,332).

In the opinion of the directors, all of the outstanding share options and warrants are anti-dilutive and, hence, basic and fully diluted loss per share are the same.

   7.      PROPERTY, PLANT AND EQUIPMENT 
 
                                             SIX        SIX 
                                          MONTHS     MONTHS       YEAREDEDED 
                                        30.06.20   30.06.19   31.12.19 
                                         GBP'000    GBP'000    GBP'000 
 Cost 
 Balance at 1 January                          -      5,032      5,032 
 Additions continuing operations               -          -          8 
 Additions discontinuing operations            -         41        101 
 Transfer to assets available for 
  sale                                         -          -    (4,839) 
 Impairment                                    -          -      (302) 
 
 Balance at period end                         -      5,073          - 
 
 Depreciation 
 Balance at 1 January                          -      4,921      4,921 
 Transfer to assets available for 
  sale                                         -          -    (4,657) 
 Depreciation                                  -         13         11 
 Impairment                                    -          -      (275) 
                                      ----------  ---------  --------- 
 Balance at period end                         -      4,934          - 
 
 Carrying amounts 
 At period end                                 -        139          - 
                                      ==========  =========  ========= 
 
 
   8.     INTANGIBLE ASSETS 
 
                                           SIX        SIX 
                                        MONTHS     MONTHS        YEAREDEDED 
                                      30.06.20   30.06.19    31.12.19 
                                       GBP'000    GBP'000     GBP'000 
 Cost 
 Balance at 1 January                    1,154     13,038      13,038 
 Additions discontinued operations           -      2,323       1,964 
 Transfer to asset available 
  for sale                                   -          -    (13,848) 
                                     ---------  ---------  ---------- 
 Balance at period end                   1,154     15,361       1,154 
                                     ---------  ---------  ---------- 
 
 Amortisation 
 Balance at 1 January                    1,154      2,652       2,652 
 Impairment                                  -          -       9,494 
 Transfer to asset available 
  for sale                                   -          -    (10,992) 
                                     ---------  ---------  ---------- 
 Balance at period end                   1,154      2,652       1,154 
                                     ---------  ---------  ---------- 
 
 Balance at period end                       -     12,709           - 
                                     =========  =========  ========== 
 
 
   9.      DISPOSAL GROUPS CLASSIFIED AS HELD FOR SALE AND DISCOUNTED OPERATIONS GROUP 

On 4 May 2020 the group sold its 100% owned subsidiary Anglo African Oil & Gas Congo SAU (AAOGC), the gross proceeds of the sale were GBP200,000, the carrying value of the disposal group has been reduced to GBP103,000 to reflect the legal costs of the disposal.

Under IFRS 5 the results of the disposal group are included separately in the consolidated income statement and the comparatives are restated. The detailed results are summarised as follows:

 
                                                 SIX         SIX 
                                              MONTHS      MONTHS         YEAREDEDED 
                                            30.06.20    30.06.19     31.12.19 
                                             GBP'000     GBP'000      GBP'000 
 Revenue                                          94         173          319 
 Cost of sales                                 (192)       (259)      (1,070) 
                                          ----------  ----------  ----------- 
                                                (98)        (86)        (751) 
 Administrative expenses                        (74)       (154)        (265) 
 Impairment of exploration and 
  evaluation assets                                -           -      (9,493) 
                                          ----------  ----------  ----------- 
 Operating loss                                (172)       (240)     (10,509) 
 
 Finance cost                                      -         (1)         (10) 
                                          ----------  ----------  ----------- 
 Loss from discontinuing operation 
  before tax                                   (172)       (241)     (10,519) 
 Taxation                                          -           -           24 
                                          ----------  ----------  ----------- 
 Loss for the period from discontinuing 
  operation                                    (172)       (241)     (10,495) 
 Other comprehensive income                        -                        - 
                                          ----------  ----------  ----------- 
 Total comprehensive loss for 
  the period                                   (172)       (241)     (10,495) 
 
 Loss on re-measurement and 
  disposal 
 Loss before tax on re-measurement 
  to fair value less                           (172)       (241)     (10,495) 
 Total loss on re-measurement 
  and disposal                                 (172)       (241)     (10,495) 
 
 Loss for the period from discontinuing 
  operations                                   (172)       (241)     (10,495) 
                                          ==========  ==========  =========== 
 

Group

 
 The carrying amounts of assets and 
  liabilities in this disposal group            YEAR 
  are summarised as follows:ED 
                                            31.12.19 
                                             GBP'000 
 
 
  Non-current assets 
 Property, plant and equipment                   182 
 Intangible assets                             2,856 
 Current assets 
 Stock                                            37 
 Trade receivables                               125 
 Other receivables                             2,256 
 Cash and cash equivalents                        26 
                                         ----------- 
 Assets classified as held for sales           5,482 
                                         ----------- 
 
   Current liabilities 
 Provisions                                    2,942 
 Trade and other payables                      2,437 
                                         ----------- 
 Liabilities classified as held for 
  sales                                        5,379 
                                         =========== 
 
   10.    TRADE AND OTHER RECEIVABLES 
 
                                                 SIX        SIX 
                                              MONTHS     MONTHS       YEAREDEDED 
                                            30.06.20   30.06.19   31.12.19 
                                             GBP'000    GBP'000    GBP'000 
 Trade receivables                                 -        172          - 
 Directors' loan                                   -          -         25 
 Other receivables                                52      5,981        472 
 Less: expected credit loss provision              -    (2,502)          - 
                                           ---------  ---------  --------- 
                                                  52      3,651        497 
                                           =========  =========  ========= 
 
 

The 100% owned subsidiary Anglo African Oil & Gas Congo SAU (AAOGC), was sold in May 2020, with the sale of the AAOGC the Company impaired the amounts owed by AAOGC based on the sale proceeds Note 9.

   11.      SHARE CAPITAL 

Allotted, issued and fully paid:

 
 Number:       Class:       Nominal            SIX          SIX 
                             value:         MONTHS       MONTHS         YEAR 
                                             ENDED        ENDED        ENDED 
                                          30.06.20     30.06.19     31.12.19 
                                               GBP          GBP          GBP 
                            GBP0.001 
                             *(2019 - 
 466,619,543   Ordinary      GBP0.05)      466,620   11,896,453   19,827,420 
 39,922,460    Deferred     GBP0.09      3,593,021    3,593,021    3,593,021 
 
 86,998,615    B Deferred   GBP0.009       782,988      782,988      782,988 
 396,548,396   C Deferred   GBP0.049    19,430,871            -            - 
                                       -----------  -----------  ----------- 
                                        24,273,500   16,272,462   24,203,429 
                                       ===========  ===========  =========== 
 
 

*On 13 January 2020 the Company reduced the nominal value of each Ordinary Share from GBP0.05 to GBP0.001, by subdividing each ordinary share into one new ordinary share of GBP0.001 and one deferred share of GBP0.049.

The holders of deferred shares are not entitled to receive dividends or to vote at meetings of the Company and have no material interest in the Company's residual assets.

   12.    PROVISIONS 
 
                                           SIX        SIX 
                                        MONTHS     MONTHS       YEAR 
                                         ENDED      ENDED      ENDED 
                                      30.06.20   30.06.19   31.12.19 
                                           GBP        GBP        GBP 
 Balance brought forward                     -      2,792      2,907 
 Provision for made during the 
  period                                     -        124         35 
 Transfer to liabilities included 
  in disposal group classified 
  as held for sale                           -          -    (2,942) 
                                    ----------  ---------  --------- 
 
 At end of period                            -      2,916          - 
                                    ==========  =========  ========= 
 
 
   13.    RELATED PARTY TRANSACTION 

During the period the Company was invoiced for consultancy services from 'The Petroleum and Renewable Energy Company Limited' totalling GBPNil (H1 2019 - GBP141,000) as at 30 June 2020 there was Nil (H1 2019 - GBP28,000) of these invoices outstanding and included in trade creditors. Phil Beck is a director of The Petroleum and Renewable Energy Company Limited.

   14.    CONTINGENT LIABILITIES 

The Company has received notice of a potential claim from Askell Limited ("Askell"), an energy advisory firm, for US$1.75 million. Askell's alleged claim relates to the Company's aborted efforts to acquire the Tunisian assets of MedCo. No formal legal claim has been filed against the Company.

The Board of Directors believes that Askell's potential claim is without merit, as the claim is in respect of completion fees in relating to the Medco acquisition. The acquisition was rejected by the board of AAOG in March 2019.

   15.    EVENTS AFTER THE REPORTING PERIOD 

On 18 August 2020 the Company issued 7,089,684 ordinary shares at a price of GBP0.02821 each and on 2 September 2020 the Company issued 15,158,637 ordinary shares at a price of GBP0.002553 each in respect of the conversion by Riverfort Global Opportunities PCC Limited ("Riverfort") of GBP20,000 and GBP38,700 respectively in principal of the convertible loan note entered into between the Company and Riverfort on 10 June 2020.

Enquiries:

 
 Anglo African Oil & Gas plc               info@aaog.com 
 Sarah Cope, Non-Executive Chair 
 
 finnCap Ltd (Nominated Adviser)           Tel: +44 20 7220 0500 
 Christopher Raggett, Giles Rolls, Teddy 
  Whiley (Corporate Finance) 
 
 

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END

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September 08, 2020 10:45 ET (14:45 GMT)

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