Anglo African Oil & Gas plc (‘AAOG‘) is an independent AIM-listed oil and gas developer, headquartered in the United Kingdom, with an oil-producing asset in the Republic of the Congo. It is focused on increasing the production from the existing asset, as well as drilling additional wells in adjacent areas. AAOG owns Petro Kouilou S.A., through which it operates its interests in the Tilapia Field.


The information in this section is provided in accordance with the requirements of Rule 26 of the AIM Rules for Companies.

AAOG is incorporated in England and Wales under English company law and registered at Companies House, No 04140379.

The Directors of AAOG have extensive experience of investing in and operating producing oil wells in various regions of the world, as well as the necessary corporate governance and business experience required to meet the responsibilities of a company admitted to trading on the AIM market of the London Stock Exchange. AAOG is subject to the UK City Code on Takeovers and Mergers.

Board of directors:



David Sefton

Executive chairman

James Berwick

Chief executive officer

James Cane


Phil Beck


Nick Butler


Sarah Cope


Brian Moritz


Biographies of the directors can be found here.

Corporate governance

AAOG intends, so far as is practicable and appropriate for a company of its size and nature, to comply with the provisions of the UK Corporate Governance Code, as modified by the recommendations of the Quoted Companies Alliance.

The Board

The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets and corporate actions. The Directors intend to hold meetings of the Board ten times a year with additional meetings as and when required.


The Audit and Remuneration Committees

AAOG has established an audit committee and a remuneration committee, each with formally delegated duties and responsibilities. The audit committee comprises two directors and is chaired by Sarah Cope. The audit committee is responsible for both ensuring that the financial performance of the Company is properly reported on and monitored and for reviewing the auditor’s reports relating to accounts and internal control systems. The audit committee will meet at least twice a year at the appropriate times in the financial reporting and audit cycle.

The remuneration committee comprises two non-executive directors and is chaired by Nick Butler. The remuneration committee is responsible for the review and recommendation of the scale and structure of remuneration for senior management including the award of share options. It will meet at least two times a year.

Share Dealing Code

The directors comply with Rule 21 of the AIM Rules relating to directors’ and applicable employees’ dealings in AAOG’s securities. Accordingly, AAOG has adopted an appropriate Share Dealing Code for directors and applicable employees and has taken all reasonable steps to ensure compliance by its directors and applicable employees with the provisions of the AIM Rules relating to dealings in securities.


The following are advisers to AAOG:




finnCap Ltd

NOMAD and Broker 

60 New Broad Street, London EC2M 1JJ


Solicitors to the Company

3 Noble Street, London EC2V 7EE

Share Registrars Limited


The Courtyard, 17 West Street, Farnham, Surrey GU19 7DR

Cabinet Fernand Carle

Solicitors (Congo)

Pointe Noire, Congo

Crowe Clark Whitehill LLP


10 Salisbury Square, London EC4Y 8EH

St Brides Media & Finance

Financial PR

St Michael's Alley, London EC3V 5DS

AIM Securities

Number in issue at 13 August 2017:

69,504,565 ordinary shares

Percentage of ordinary shares not in public hands at 13 August 2017:



Identity and percentage holdings of significant shareholders:



Number of Ordinary Shares

% of issued share capital

Sister Holding SAS



Miton Asset Management, LTD



Jub Capital



Shard Capital Partners, LLP



Hamilton Capital Partners



Chelverton Asset Management, LTD



City Financial Investment Company, LTD




Last updated: 27 November 2017

There are no restrictions on the transfer of the Company’s AIM Securities. The Company has not applied for or agreed to have any of its securities admitted to or traded on any exchange or trading platform other than AIM.

Articles of Association

Please click here to see the Articles

Admission Document

Please click here to see the Admission document

Financial statements

Please click here to see the Annual Report for the ten-month period to 31 December 2016
Please click here to see the Unaudited Consolidated Interim Financial Report for the six-month period to 30 June 2017