RE: Long term strategy8 Nov 2018 22:40
I think we’re misunderstanding each other then Yuyus. I’m not saying AAOG is a dead cert.
I get that it’s a risk if it hits a duster I’m up a certain creek without a paddle. However, if and it is and if AAOG hit oil, because this is the point we don’t know yet, hence why the SP is in the inbetween then I would take a geological report which a CPR has to base some of its factors around at face value. Essentially, to me if AAOG hit, I accept that they were correct with the geology and therefore assume that the flow rates would also be accurate and that production would be sustained at 4-500 bopd and the menjo level. My honest opinion, we will hit R1/R2 and menjo but will face problems in djeno and that it can’t be brought on to commercial production. If this happens I’m still happy. The SP won’t go much lower than this (think 6p was the base) and AAOG and can still with the right plannig grow to a profitable company from this. Without the use of CLN’s. My biggest and only concern with this delay is will the AGM happen before we know mejno/djeno results and what will happen with regards to the CLN vote. I have actually changed my view with yourself that you really dislike the negativities rather than just trying to get in on the cheap and appreciate a constructive debate on a BB