Member Info for Aimster

Thanks fireman that’s reassuring for a November spud.

Time to construct the drill pad this is.

Could be the permitting approval to construct the Drill pad? Would this warrant an RNS? It’s a little concerning as it can take up to 10 weeks based on another company I’m invested.
Anyone remember how long it took for mou-1?

Thanks Tony, that’s where I heard it then.

Stas … forget the SP I’m looking at the Market Capitalisation currently at £20m ! At 1p an MC of under £10m with £6m-£7m revenue per Annum.

A question for the more knowledgable. Were EOG involved in determining the position for the SA-2 drill?

Thanks for the info Serif.

On another point, if the SP was still around the 2p mark when Serenity results are released, even if SA-2 was a disappointment, IMO the SP would soon settle back to around 2p after a few days as nothing is currently built in the SP for Serenity anyway. IMO I expect the SP to gain momentum sometime over the next 2 weeks and also expecting a good result from SA-2.

Didn’t Simon elude to discussions with a company with regards to Geothermal Energy? Perhaps why additional cash is required? I assume using abandoned mines/drills and and retooling to generate thermal energy from them?

So AEX state November spud while ARA publicly state early 2023 ?? Still no confirmation of drill contractor. Hmm.

I said before thank J Williams for the posting SENX on multiple sites yesterday evening. He’s attracted few PIs that recognise the market cap is extremely low verses the company revenue.
It’s far to early for any drill results which should be sometime WC 10 Oct by my calcs.

Probably rising because J Williams spam email and a few PIs deciding to have a punt. For me the concern is the disconnect between the Polish SP and lack of liquidity here. Also the lack of progress in Tunisia plus the last Drill, a month ago in the same region, was a duster.

How much is Wentworth currently charging for their gas?
I know it’s more than KN1 but they built the connection pipeline to the gas plant.

For SA-1 from Spud to Drill results was 25 days so should be an interesting week commencing 17 Oct, it’s also about the same time for Final Results. Expecting £6m-£7m in revenue, which is mad for a £20m MC company.

How long to construct the Drill Pad? Another African company I’m in, stated up to 10 weeks to construct the Drill Pad on their last drill.

So we already have SA-1 that is 10 ft thick and likely to produce around 8000-9000 bopd. SO mentioned SA-2 could possibly be a 40ft column of oil producing potentially 35000 bopd. Would the market see a 20ft column of oil as still a successful drill?

As a reminder for the investors that think a Spud is a potatoe. SA-02 is drilling 3-4km to the west of SA01 DISCOVERY well, that hit 10 feet of oil. Further to the east, Tain field have drilled 4 wells and all of them hit oil in thin sand of 5 ft & flowed over 5k BOPD.

SA-02 MAY hit up to 40ft sand thickness, but anything over 10ft is a bonus and shows that the Serenity field thickness increases downdip further to the west. IMO 70-80% of a standalone commercial success.

Also remember 40ft equals to 35k bopd
8-9k bopd to EOG. Transformational for EOG.

Any additional drills for production, we are only required to pay 25% of the cost. So like another poster stated, Wressle production revenue should go a long way to covering the costs.

Pete … do you think ARA are waiting for the SCIR deal to complete before progressing? Ie putting the Tanz Gov under a bit of pressure to approve the sale, as we know they want Ruvuma development to begin as much as we do.

You should be looking at the Market Cap against assets, revenue , potential, etc. Forget the numbers of shares in issue.

It seems the SP is following a similar trend to UJO so IMO it’ll start to level out around 2.2-2.4p. The time between SA1 spud to RNS results was 25 days. I3E SP started to rise at a decent rate 10 days before results, so hopefully we will see the same pattern here (if not sooner).