Member Info for AidanOwens

Mcap will go down to 25mil on the bell. This is just crazy!

Must say it's disgusting how targeted I find us to be. Just hope we hit Djeno and we can flush all the derampers away. No RNS today should see C.8% rise

Very true with the 10mil odd. He said in the interview before he’s not going to leave it on the table without getting something back. I know they’re doing a reduced rate which for rest of drill because of delays also which is why I really don’t understand the costs.

Point two. I think DS was talking independently of each well IMO. If the payback and commercial viability is worth it why not? Say we hit djeno and we need more capacity we should be able to work the extra 400 bopd too.

I agree with the capacity. If funding is true I think the reasons for the funding will actually ease and help investors (like I say the only downside is if they said it’s just to complete this drill).

And yes I would love to take a larger %. I actually emailed David about a throw away idea that if successful in djeno we should demand the money owed and upfront costs of next drill (strongarm position and should get it anyways) but if not we could look at an event of default and try to take the entire field but it’s so complicated and long term just delays us as shareholders I suppose so can pretty much ignore the that.

Placings are a relevant part of a BB granted but let’s change the subject a tad and think about other things following on from a placing:

1) 4mil why that amount? The next drill is estimated to only cost that much so it can’t be that just for the remaining 700 meters that’s dodgy otherwise

2) How much is it estimated a water injector into 102 for 101 would cost? (If someone else could also email David this I would be very thankful, as he never replies to me. Also I can’t anything that I would be happy calling credible online)

3)Cos is determined by multiplying the chances of each individual aspect that make up the Cos. Namely: trap, reservoir, seal breach and oil rim.

Trap=70%
Reservoir=80%
Seal breach=90%. (Have always struggled to fully understand this, if someone could help I would
be very appreciative)
Oil rim=50%

So 70*80*90*50/10,000,000 is 25.2%. I think a lot of people believe the reservoir is now higher given what we know with the accuracy so far. Maybe the seal breach no longer is a worry but again I don’t really understand this.

Can anyone disagree or add further to this point?

4) I’ve heard a lot of different calculations based on producing 300 days out of 365 to non stop 24/7 flows. Can anyone back up with evidence what would be a realistic level?

An interesting point from the CPR is 3.3 “opex could be reduced to $62,650/month.........No other additional costs are foreseen other than the variable Opex associated with Crude transport/sales, estimated at $4.12/bbl”

Think Sefton is a Spiv? Good. If he is or isn’t he obviously wants the oil and the SP to rise because it means he will be quids in.

From watching the interview:

The first person can say he looks sheepish, he knows what he’s doing and he’s gunna screw us!

The second person says, he’s known these results for about 10 days now so he’s not going to be as excited

Both watched the same interview. Don’t be put off either way.

I’ll have a grand bet with anyone that we get an RNS in a couple weeks time that says hydrocarbons encountered for the djeno. That’s just my view. If the placing is true we will know by 7am tomorrow. They can’t keep it back

There is no actual proof of this placing yet tho

It’s true because I was trying to offload 50k shares at the second of the bell to buy FOOt and didn’t stop and get a quote till 8:07 by which time it was at 15 something. Bs did you sell at 18.5 lol. None of my mates were offered a quote either. Just for full disclosure as I am a believer in aaog I hold 300k so was looking to take off 1/6th

Everyone is losing there sh!t. I won’t be happy if it was 10p but I wish in a way they do place just to shut everyone up. Let’s say it’s true. That’s 218mil shares at 12p (currently) which is 26mi mcap it should be 40 with Mengo. You can sell for a loss or less profits or wait a month and sell at 18p or more. I’m holding strong

We're targeting 400bopd from R1/R2 for crying out loud!

Sorry wrong info correct is the below:

"Low cost: PK’s budgeted break-even cost of production at 5,300 bopd is less than US$5 per
barrel and, at an oil price of US$35 per barrel, it can be profitable at approximately 500 bopd.
The business and working capital models produced by the Directors, and in particular the low
and flexible cost base that allow the Company to be break even at production levels lower than
500 bopd, provide evidence that the Company can withstand low oil prices even at modest
rates of production"

Page 20 of admission document

For anyone wondering who to believe look at AAOG's presentation when listing. Clearly states that the company can be breakeven at 500 bopd @50 dollars per barrel. So Mengo does support a cash generative and profitable company. Happy drilling

https://twitter.com/BlueHorselcf/status/1082261948748705793

People on here admitting to deramping now they have sold. It's not true folks

It's just the board is now crowded with people who don't believe or doubt the company.

Djeno is still the beast we are all here for.

If I asked you in August would you invest knowing what we know aiming for the Djeno but you have to pay 1p extra (was 13p back then) investors would be biting my arm off. Mengo alone is worth more than this.

BUY and HOLD

Let's just wait for the interview before panicking guys and girls. Also the oil is still there and especially so in the Djeno.

Tiptop is still in. He'll rock up just after 12

Will be very happy if it does

Can someone ask David when we resumed drilling down to the Djeno please and when the co expects to reach the target. I never get a response off of him my self. Much appreciated if someone can.

Don't be fooled!

My top up (tweeted about it) at 15.00p is showing as a sell. Sure many others are also

and come back later. Remember how it dipped down 15% then to go onto plus 20%. Just hold the shares and we will rise. Don't give in holders we've a long way to go.
DS will provide more details in interview later today. Remember he explained before things which were obvious to him but the market missed. BUY AND HOLD

A lot of people are taking profits which of course if fine. Mondays RNS will bring in a new wave of buyers and we can then get going again and push past 20p.