Member Info for Drewky

Jonah. I don't see any dates on there to confirm it was today and I also don't see anything confirming it was related to a 3rd layer. It may well be the case but equally that could've been seen any time I'm very wary of taking any notice of all this contact both you and others are having simply because there is far too much of it. Do you seriously think David has nothing else to do but talk to you guys all day and night. We all want this to come but I'd suggest if you are keeping him so busy that youight leave the fella alone so he can get the job done :0))

I give up mate from somebody I could have a sensible conversation with earlier you have turned into a blinkered dick who can't read JeeZ

My point has Jack shit to do with the COS it is about the buyer risk position right now. Buying at 9.5 is a no brainer imo for the reasons I have given. If you choose to hang for a lower price you could miss out.

At this price a 5 bagger is worth 20 to 1 in a two result race. That's it I'm done I've tried to explain enough!

Maestro we know what the COS is or what you would like us to believe it is. It has improved from 25% without a doubt but I'm not arguing that point. Open your eyes man. Quite brutally at this junction this is a win or lose 50 50 bet with a bloody good chance of getting your stake back if you lose!

What part of that can you not understand?

Maestro just does not want to read

As a gamble this is a 50 50 bet and nothing else

The payout is potentially 20 to 1 and you are almost guaranteed to get your money back on the strengths of what we have already found because after a dip on fail it will return imo to at least current levels.

Like I said "A Gamblers Dream"

No Maestro you are totally wrong.

It is purely a 50 50 bet at this stage, we hit it or we don't and my figures are the reality of the gamble when buying in in the morning

The original Cos was 25% and has since upgraded on the accuracy of the results so far but that official COS bears no relationship to this as Djeno being a punt. Let's face it Djeno has always been a punt from the start and has be promoted as an Exploration from day one so you hit or miss. That is the deal with a 20/1 or more reward potential.

Right now this is a gamblers dream

I believe it was somewhere near very recently and forecasted to be that way although I don't check it daily like some do.

There was no intent to mislead so having just checked it is currenty $62 so let's revise the income down to 6.6million if 500bopd or 13.2m /annum at 100bopd so even by reducing that oil price there are still highly significant funds anticipated to land in the coffers

But from here it is not a 25% chance at all. It is a quite straight forward 50/50 heads you win tails you lose but even when you lose you won't

Right now you stand to lose 25% on paper if it fails but that would come back up because of Mengo

If it succeeds we could be looking at 5+ bags

That is basically an offer of 20/1 on a two horse race.

For every grand you put in you could lose £250 against winning £5000

I'm not a gambler but I know those are odds you'll never find with a bookie

TT I have noticed in between the positive there is the negative.

500bopd at 75 and our own % gives us around £8m /annum so double that for 1000. As likely the 10m owed to us would be paid off from that by increasing our %, I think we would comfortably be able to continue drilling until we find it and it sounded very much to me like Sef said so in recent interview.

It is not an IF here but a WHEN imo

You seem to be forgetting a little matter off 44mtr oil column already found in the well. As estimates are between 500 & 1000 bopd I think we would find that alone will turn the company to cash generating profit maker. I believe we also have the rig on contract for the year and I was reading on here yesterday it would be possible to drill up to six off the same pad? I have no drill knowledge on this horizontal front but if so I would think we could find it from income as the fee wouldn't be so high

Sorry you indicated pressure was the problem sef talked about previously in interview. Merely pointing out that was not what he said. Pressure is something that has come about from a private email as to reasons for care over drilling. My comment can be viewed and heard first hand in last interview

I believe Sef was quoted "couldn't cope with the amount of oil but a nice problem to have" which was because infrastructure to move the a massively increased volume isn't in place, nothing about unable to cope with pressure

All I know is somebody has said we are meeting the government tomorrow. I can't vouch for the sauce because this did not come from me, but it was on twitter and I do know one or two people I speak to, have heard it themselves through various means.

Can be treated as a rumour but with all that big buying and the knowledge that we have met over previous months as reported back from the EGM the fact the deal has been ratified by the holders, I just feel there is every possibility licence news could come which is why I changed my view from this month to this week.

Now we have t wait and see

If you know better Frogs that's fine but remember the government has many departments and lot's of rooms in which to hold meetings ;0))

The talk is of a specific meeting and whether that is to hand out or discuss the final points of the licence I have no idea but the rumour supports my previous thoughts on the licence coming this week.

Add to that Fridays big buyer with 300k 1.3m & 1.2m and it indicates a possible leak to me but who knows, let's wait and see

Exactly, That's my point and imo those in at this sort of price can't lose other than on paper, during the blip.

However I still expect us to succeed at Djeno because it seems to me, to have more in favour of it doing so than not. The 25% COS that was intitally given has been vastly improved and right now I can definately agree with Irishmouse on it being at least a 50% 50% COS hit or miss.

So put a grand in potentially get a 25% £250 paper loss for a short time or...

put a grand in and potentially 5+ bag to £5K or more

My view on that is I'm risking £250 win bet against winning £5,000+ on a two horse race - Might struggle to find a bookie out there that would offer 20-1 on a two horse race

Of course it how many times it would bag is the question but I reckon 5x is very possible

Somebody put it out on twitter

I don't expect it to be a duster but one thing is for certain, I'll be ready to pounce and buy more on the dip that would follow, as I reckon it's as near to being a racing certainty to bounce back above the current figure based on Mengo alone. Effectively, the short term damage I feel would be over pretty quickly and all it would do is delay the inevitable as I see Djeno as a when and not an if target.

If it comes in first time, I wont even bother to top up, I shall be wearing a happy smile for the rest of my life :0))

And still continues to try scoring snidy brownie points from behind the curtains. P**CK never appeared here until late that year when the BB turned sour with great deal of his input. For his information what was said at the time by far more prominent people than me, was that if they hadn't mudded up they could've blown half of Tanzania up. Seems common knowledge there is now a meeting tomorrow so perhaps we will have licence news this week as I suggested but if it doesn't come Tuesday it's likely our funnyheaded friend will be trying to spook people once more. Remember he always makes more noise just after we see a rise. Good luck to the decent amongst you.

If Djeno fails I agree it is far from bust because of the success of Mengo. However 25% chance is still a good chance and certainly no total wildcat but I would say based on the accuracy already proven in the well that 25% would have improved chances quite a bit. I think we will know by Wednesday if not before

M1. "If djeno fails which is likely" Your guess is as good as anybody else's but please put some meat behind that assumption. Those saying success have given many reasons to support the possibility wheras I've seen nothing from you to support your guess please do.... You seem determined to convince people this will fail so help us understand why

Two actually Jonah but even that likely to hit the road running this week.