Member Info for BarkingCrazy

Iceburg - not sure we would see 3p on a dry Djeno not even on a spike down with stop losses triggered. My guess and thats all it is would be bottom of 5p rapidly bought into by folk that realise what we have already has greater value than is being accounted for. I would expect the price to round out approx 7p on day of RNS.
I would then expect a bit of a recovery to 10p whilst flow testing of Mengo is carried out. Long term is more difficult to guess at as the intention is to have 6 wells i believe which obviously could produce approx 5000bopd but financing, % share and licence are unknowns at this stage.
So in summary a hit with Djeno is straight into 20's increasing over coming months to 50's IMO and possibly more with more wells drilled. Dry Djeno then its a much slower process but ultimately think 20's will be achieved.

Think you may have been a bit premature with this statement

Overhang just sold at 10.20, expect a push up now it is gone.

Would you draw attention to broker note if about to announce a dry zone

Well i have idea whats going on here this morning but if all the largest sells had been buys instead we would all be assuming Djeno had defo come in. I'm somewhat confused as to what has triggered the sell off ( too early to call Djeno dry) and also confused as to why the SP is not well down.

Word round green park today is they've encountered

Encountered what, a flasher!

Well I wager youre wrong as if you look back through my posts i have on many occasions confirmed that i hold 500k shares in AAOG and I haven't sold a single share.
I just don't get why folk won't listen to alternative points of view.

Profitseeker68 you do like to criticise others don't you. How about you offer a reasoned post rather than one line insults.

Exactly Washers but the SP sits @ 9.7p mid which doesn't reflect that.

The problem is that the SP is reacting as if this well is a one hit wildcat drill on Djeno. There seems to be no value,at this stage ,being added to what we have already discovered.

You guys really do wear rose tinted glasses. So far we have had "It's opened Up" when it actually opened down. "200K buy" but forgetting to mention the 2 x 100K sells next to it and "looks like accumulation to me" whilst the SP is dropping.
Get real, it's dropping because the much hyped up interview yesterday was poor. Sefton mumbled and to me looked defensive. It was not confidence building and I really wish he hadn't bothered.
There have been many mistakes along the way and we are being punished now. This SP should be nearer 20p on what we already have but instead we struggle to break 10p. If Djeno doesn't come in then I reckon 5p on the day with it recovering to about 7p a few days later. It will then be a few weeks before we get test information back from the well when I would like to think we may recover to mid teens.
longer term I do believe we will get into the 20's with more wells and greater BOPD rates.
If Djeno comes in (please God let that happen) I think we will be mid 20's within a couple of days with a steady rise towards 50p over the coming weeks.
Keep it balanced guys.

Well lets hope so as it's going to be difficult to break away fro this 10p range and if Djeno isn't bearing oil where we intersect it then it's going to be very messy short term.
On reflection I don't think DS should have done that interview as it was pumped up to fail.

So who asked them to have more money in the bank?

he does't half mumble. License is a way off I suspect at least until after this drill finishes. Interview will probably disappoint as unrealistic expectations were sort.

Blimey Malcy and DS in same room, there going to need a lot of pies.!

Opened right out, expect it to stay like this till OO result.

if theres loads of oil I'll take the greater % anyday. More profit of years and years which offers divis plus some could be used to buy back shares reducing dilution.

Yep they could be all but ready to sign but it depends on what the well can provide so just need to fill in % figure against monies owed. If only R1/R2 and Mengo your going to need in the 80's but if Djeno can't see anywhere near that being offered.

Interesting JB in Congo this week. Just in time for Djeno intersection. I get the feeling that terms of new license may well be influenced by success or failure of Djeno. It makes a huge difference to our partner if we get a 5000 bopd well so can't see how the terms of a new licence can be decided until they have results.

Funny how it all goes quiet when the SP drops back.

Looks like rollover to me