Member Info for bullfrog

advertised spread getting more crazy Bid: 0.75 Ask: 0.95 !!
Not sure why they are doing this when the actual spread is 0.833 - 0.95 (still too big but volumes are low)

Good amount of buying too. Decent 944,500 buy to end the day at 0.9p

WENcan do it.. so it has been shown it is possible.

I know this is well trodden ground but could still happen

AEX + WEN to merge
AEX+WEN acquire SCIR interest in Tanzania assets with WEN Cash reserves
Use existing WEN production revenue to service debt to pay for enlarged working interest in Ruvuma

AEX+Wen get 50% of the project

Personally cant see it happening but would be nice for AEX to have 50% of the project again given how large this find could be.

Like I said, if a delay is announced then our profits will be wiped out in an instant. Look what happened when they announced soon after the farm out that the drill would be delayed until 2022. I will would use such an opportunity to buy more others will like just move on.

All things im excited to see progress on POC.. but others wont share the same view and will want concrete dates set before they part with money. There will likely be a lot of hot money that pours in here once the drill is confirmed and spud date gets closer.

There is that too. but if they were to announce a delay we would likely be no better off as most of our gains would be wiped out instantly. So people are reluctant to buy now in case of that but are willing to pay more in the know that things are progressing.

That maybe the case but there will be that legacy drag here. we need confidence that the authorities will continue to sign things off in a timely manner. Also if people had more confidence then the sp would be rising here like those 'unfunded' shares. Clearly there is no appetite here due to other factors other than its a waiting game for 3D results. We need confirmation that the long lead items have been ordered. Once we know that the drill will defiantly happen that will be the trigger for people to start taking positions.

Are those companies in more attractive countries to invest in? Eg bureaucracy has been the one of the biggest issue here over the years preventing progress.

Even if their is a hiatus for 3D, it will happen once the rains clear. Depends if they can continue with the land clearing while the rain season is here. The tracks for the vibroseis machines will need to be made. Patience....

Just a waiting game, i am excited like so many but not a lot to talk about while 3d is on going.

Aminex are no longer giving Malcy money to promote them is my Theory .

Will be interesting to see what delayed trades there are after hours. Looks like more buys than sells currently but delayed sells will likely explain the drop later.

Just to add we are the mercy of the weather too, hence why we should expect some sort of delay here.

If Q3 is target for Drill then would expect the shooting to take a couple of months which takes us up to end of April early May. Evaluation of the data which should be a further couple of months which takes us till end of June early July. They should have confirmed long lead items by this point. If you factor in 2 months slip on the above then September spud is entirely possible. But we should accept that Q4 spud is always a possibility and traders etc will take advantage of the slips.

You could argue that the grunt work is already underway, there are visual signs of clearings being made for placement of nodes and also temporary tracks that the Vibroseis trucks can use. The capture will be the relatively quick bit of the process.

https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=-10.454367856656503&lng=40.03164768218994&zoom=15&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=97&gain=1.0&gamma=1.0&time=2021-08-01%7C2022-02-01&atmFilter=&showDates=false

This will take you straight to nt 1 and nt 2

https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=-10.457912883218585&lng=39.99195098876953&zoom=15&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=97&gain=1.0&gamma=1.0&time=2021-08-01%7C2022-02-01&atmFilter=&showDates=false

This is where ch 1 is planned

Depends if they have the money to bring it back online really. There is a risk that any work done on the well wont be successful. I would not want to see a placing for any work at the present time, the lower risk strategy is to wait for 3D and CH-1 well which should significantly increase MCAP and then raise funds .

Correct

Here is the trade, it was declared later in the day https://ibb.co/3sL0xyJ

Regardless of this trade, its been soaked up and appetite is still here and excitement is building.