So Conjugate to be listed on london AIM mkts - sounds good??lets...

So Conjugate to be listed on london AIM mkts - sounds good??

lets then look at interest of african tenements from a AJQ perspective

the DGR tenements 100% owned by DGR - DGR Energy Turaco Uganda SMC Ltd, have just been granted.

The other Co, Armour Energy Uganda SMC Ltd - owned 83% by DGR and 17% by AJQ, has just been granted a 2 year extension.

The two tenement packages are to be brought together to form Conjugate.

What the effective contribution of each Co into the Conjugate entity is unknown - would it be 50:50? or since DGR 100% owned tenements are only just granted, the Armour tenements have had expenditure outlayed, then one presumes the Armour contribution should be larger than DGR,s 100% vehicle.

If 50:50, then AJQ effectively only own 8.5% of the tenements - 17% of the 50% contributed.

will be interesting to see what happens if anything - another promise - but the targets certainly seems attractive - the type the big boys want - so why has not that happened???

put on monitor list - should POO really take off and or stay elevated - it is that that might just drive a JV - BUT any JV to a major will ultimately reduce AJQ to such low % will it be worthwhile??