Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oh dear, my thought of picking up a few more this morning @ 11p seems to have gone up in smoke, I don’t realy need them but wanted to keep them in safe hands.....never mind I shall go for a long walk and dream.
If TP01 & TP02 are commercially viable and wehave the funds to pump TPL-101 to reach the dizzy heights of 400bopd. This would surely reduce the chances of needing to raise funds in future and mitigate any sort of placing?
Proactive interview quote from Sep 25th says it all
"It’s not that hard to spot where a business run by two people with experience in acquiring assets and building billion-pound businesses might be headed, quips Sefton."
As I’m sure many are... I was a little surprised by this morning’s panic sell. Did people read a different RNS?
One thing I have learnt in life is that a lot of people suffer from FOMO... so maybe some at a glance noticed the new 55bopd for TPL-101 in correlation with the drop and freaked out thinking it was TPL-03 estimates we have all been waiting for.
The way I see it… Right now, with all the facts that are presented to us. This has been de-risked and a strong buy moving forward. I myself topped up during the little flummox and averaged up a little. :)
''And with regard to the 103 drill, the results have so far exceeded my expectations and I am very, very excited about this year!''
Your not alone DS.
https://twitter.com/FallujahRecover/status/1080770124548841472
From: David Sefton
Sent: 03 January 2019 10:03
To: xxxxxxxxx
Subject: AAOG reply
Dear xxxxxxxx,
I am in contact with many AAOG shareholders and always try to answer messages or emails. However, it is not every post that purports to have info direct from me that actually does so apply some caution….
On today’s RNS, I think the work that has been done on 101/102 and the proposal to move to water injection are clearly good news, albeit 101/102 is a sideshow compared to the 103 drill. And with regard to the 103 drill, the results have so far exceeded my expectations and I am very, very excited about this year!
I am doing a podcast with proactive at lunchtime and will make the above points clear.
Do stay in touch and happy new year.
Kind regards,
David Sefton
Executive Chairman
Moving above 13p very soon...
Jay - Excellent post thank you.
Just goes to show how much potential AAOG really has ...
Is a Complex calculation, and conservative in its approach for financial modelling.
The seismic modelling to date has been very accurate for Mengo, within metres. It can be logically assumed that the modelling is also accurate in Djeno
What COS for Djeno can we expect? Based on adjacent operators in the field this horizons it is viable within AAOG licence area, the website outlines this very clearly:
“Within the Tilapia Field, developments in seismic techniques have recently been able to interpret the presence of hydrocarbons in the Djeno Sands, which lie below the pre-salt layer. In neighbouring fields ENI, SOCO International and Oryx are already producing or in the final stages of testing prior to production from the Djeno Sands.
The seismic material indicates that the Djeno Sands have high volumes of reserves, and the presence of hydrocarbons in the AAOG block is confirmed with conventional flow rates. This was not brought into production within Tilapia when originally tested because the necessary techniques to kick-start production did not then exist.
The Djeno Sands have been shown to have reservoirs that, in neighbouring fields, have been in production since 2013, with production of 4,750-5,000 bopd per well. These other fields have enjoyed high flow rates, which are caused by the oil layer itself being naturally pressurised by lower lying high-pressure gas deposits.”
The key also in the May 2018 company presentation slide 4 states that if Well 103 is not successful in the Djeno, then it will just produce from R1/R2 and Mengo and that AAOG would just test the Djeno again with another well.
It is more likely to be a matter of when and not if this horizon becomes operational.
Storming buy imo.
12.34 ask
Jay-You've also omitted to put any p/e figure in there.If we were producing over 36k bopd,I would expect a m/c much higher than £353m.However,it just shows the potential here.
Days high so far is 13. Every day for the past two week we have broken the days high a couple of times before close, lets see what happens today.
We have a strong buyer at this level at the moment.
Sorry, Jay. No disrespect but this is not how you value a share.
Revenue is not a proper indicator. There are no cost of sale or OPEX costs in there at all.
Appreciate the enthusiasm though.
From an Accountant / large shareholder.
wish I had the pockets to do likewise.
All looking positive, plenty to come.
GLA
Jay
You’re mixing revenue and market capital and they’re only loosely linked.
It would be true to say that a growth in revenue could logically positively impact the markets view of the company and this would then drive a share price increase but don’t fall into the trap of associating them directly, AIM is a sentiment driven market at best.
All looking good though:-)
Cheers.
thanks.
Interview being done at 1pm, so released very soon after.
Show of strength this morning from AAOG. Proving it has a much more solid base these days. Besides the big news is on its way. Wait for the Chesire cat ;-)
And as if magic, the trolls disappear again. Should see blue again today, will be interesting to hear DS interview today, that should give us a good idea of the short term feelings.
Mazik nothing wrong with trying a quick trade, we’ve all been there. Glad your back in and hopefully back at a good buy price again
Should be a strong blue day from now hopefully
what time is the interview?
Higher rate of production...
iceberg yes i put my hands up for my foolish behaviour, glad i bought back.
If by magic, back to 12's. The fools who sold out this morning will be back in at a higher price. Keep your eyes on the log results. The interview today should give us a boost as well.