Member Info for cperkin

Should wake up to the little red dot tomorrow :)

Best of luck holders!

They have had the compressors in country for months but have no agreement with the TPDC to fit it, another point that has also been very convenient for the Zubairs it would seem.

Quickly followed by a Spud date, the snooze button on my alarm seems stuck permanently in the on position.

I think you may be right crusty, it is in the best interests of the Zubairs to accelerate development beyond current forecast gas requirements and not in solos. The Zubairs are calling the shots from the front from here on in. (pending the vote - forgone imo)

Willow, I believe it will be in production by 2020, if not before with the Zubairs being the operator and dare I say it Majority holder of the asset and they will most certainly be the ones truely smiling. 777 BCF of sold gas = in excess of $2.5 billion in revenue and the ruvuma basin looks like it could give plenty more beyond.

Don't disagree on market cap V asset value. C-1 drill could still happen this year so not off the radar yet for me yet but Horse Hill flow testing is certainly the current interest.

Ruvuma - next move is the Zubairs it would seem..

It would have to be a bank loan willow or I agree it's a no show and sale, which would be a shame imo, after all the shareholders have burdened almost all the risk to prove up the resource ready for production by 2020

Helium-1, no idea, IPO and possible drill year end was last I heard

I know willow but timing is everything I suppose, my stance is keep it all or as much as they can. $15 million spend to get $12 million a year gross earnings from 2020, thats a fast ROI.

Did you ever get that answer to your question about why flow testing the Kimmeridge would be bad for solo BD?

Probably lack of balanced posting I would say, anyway what do you base your conclusion on caddy with Horse Hill flow testing and Ruvuma handing over operator status to the Zubair corp and the new bod of course?

The COS on the first two are about as good as it gets, the last target is certainly the potential game changer (cos 25%) by a factor of up to 10 in terms of potential flows.

Good old WMOC and his site, writes his own code no less ;)

In the chart I am looking at the gap you descripe is within the intraday trading range on the candle extensions.

Anyway no big deal either way.

Spud on!

Tip Top right at the back ;)

https://twitter.com/angloafricanog/status/1029015101674799104

The theory is that gaps will always get filled. I don't see any unfilled gaps on the chart though belisce and it tends to be significant gaps that are filled when the stock jumps up or down, not increments of 0.1p which are normally filled in the intraday trades anyway.

Not sure about all those shares Barking, only 162 million shares and 41% of the shares in ii hands so only 95.5 million in free float and you got half a mill of those ;)

Good luck

PS, you might find this useful ;)

http://www.aaog.co/archive/research/8-Jun-18-AAOG-Djeno-Unchained.pdf

25% COS for the 3rd target and the Djeno sands belisce and $8m gross including contingency for the drill.

Wow, that was some party, was Tip Top there?

I would not make any assumptions myself, expected spud date is the 15th August as communicated.

Morning all, Spud due this week and time to let the drill bit do the talking.

Best of luck holders!