Member Info for bonker99

@ t123ham - and very nicely played too.

I've got $76 for Brent so keep going :)

1,500bpd @ $20 cost price/$65 sell price coming soon - just deal with it :)

Or go buy some more 4p ANGS shares at 10p as your mob kindly offered to everyone in here the other week :)

Monster :)

As opposed to the close neighbours here you mean?

Adjacent exploration and production success

One of the key reasons why AAOG is excited about the prospectivity within the Tilapia licence is the exploration and production success in the surrounding acreage in the Djeno sands by multiple companies.

Surrounding acreage

Source: Eni

Eni

The Litchendjili field is estimated to have 1bn boe of resource in place. This field is expected to produce at a rate of 140,000boe/d net to Eni (WI: 20%) with the gas being fed into the CEC power station.

The Masala Marine field is currently producing at a rate of 5,000bbl/d from the Djeno sands and is estimated to have 1bn boe of reserves.

The Kitanan and Djambala fields are producing at a rate of 50,000bbl/d.

The recently discovered Nene field is estimated to have 1.2bn boe in place and is located 25km away from AAOG's acreage and is expected to have plateau production of 140,000bbl/d.

SOCO International

The Lidongo discovery was made in 2014 and flowed at 5,174bbl/d and 3.65mmcfd (post-fraccing) in the Marine XI licence, 20km away from Tilapia. A 20-year production licence has recently been approved with the company
examining potential commercialisation options.

BTW, the offtake here is at NKOSSA blend 41.2 API pricing - i.e. @ Brent oil prices - currently $65 and still rising.

Great work mate :)

CNOOC certainly fit the bill as a "Super Major" ;)

They're not PI reds mate :)

:)

You mean there are some red trades :)

Well that went very well :)

:)

A fabbo 2.5x - I had a low teens shout from 5s yesterday - happy to see it come in for everyone, especially you LTHs who are holding on.

GLA

The usual drivetime shake :)

Sat on that rising Golden Crossed MA50 @ 9.7p - pick your price for your dry powder :)

Aye - I chart/quote Brent oil though presumably this 40 API sweet stuff is sold at WTI oil price at $10pb less but the mo is the thing.

Oil has nothing to do with cost base or availability imo just like diamonds but if you can control the price - and the Yanks can and do - then it's a super weapon to fight off deflation which is the bigger picture metric and the true horror scenario for the endebted US/West..

Throw in a geo-event which looks pretty odds-on this year and I wouldn't be surprised to see it threaten $100 - you'll then need to adjust profit calcs markedly on what amounts to 100% of c1,500 barrels per day (up to +$10m clawback of what's owed).

On the face of it, just another +$20 on the oil sell price could be enough to raise the FCF from April from $1m per month to c$1.5m per month.

Brent oil pushing at $65 again - looks real good to me - pencil in $76+ imo.

Lol - suit me fine if they got themselves another £5m or so at 10p.

:)

Precisely where my extra £7k @ 9.8p came from :)

Some of us are eyeing an 8 in the SP yes but that's 80s :)

ROFL