Member Info for Edgein

Nige,

Yeah certainly disappointing compared to the drill results of both wells. But again its rather frustrating as both wells are suspended, interesting that neither are P&Ad. Mr Karam's comments are interesting. Makes you think that perhaps Sonangol took perhaps the wrong strategy when drilling. They took a long time to drill and case both of these wells, take a look on how long it takes to drill a well to this depth in the USA for example. Its not a good idea to have a well open hole too long, perhaps that has led to formation damage. Its one thing to take time to drill a hole right, but another to leave a reservoir exposed to drill fluid too as that can cause formation of emulsions and skin damage to the reservoir. Nitrogen wash might remedy that, acid squeeze might also, a sidetrack with oil base mud most likely would. Lets see what happens next in this Tobias saga.

Regards,

Ed.

Well that's certainly disappointing that this second well is also currently inconclusive. It will be interesting to see if the G&G studies show if there has been any formation damage whilst drilling. Its certainly interesting to read the company's current plans for the future even though most of the current posters seem to have missed those.

Regards,

Ed.

Regards,

Ed.

Thanks guys and gals, of course, its just a waiting game now to see what they can get from TO-13. Absolutely Nige, market is completely discounting all of the Angolan assets, there is more to these assets than just Tobias, even it is currently unfinished business. When investing in African based companies things just take time.

Regards,

Ed.

Yep, right here. Still waiting for the test results from TO-13, sale of the Ni assets and drilling of KON-16, plus Brazil too of course.

Regards,

Ed.

BP highlighting the deficiencies in the sales process is highly favourable to shareholders imo regardless of how that pans out. Just highlights the ongoing process of misinformation that has been maintained over the last 18 months or so.

Regards,

Ed.

Maidit,

That imo is why BP have acted. What COPL had was 40mmbbls of 2P light oil which could easily change hands at $10-12/bbl in the USA (I've see some of those when in production hit $20/bbl), not to mention the $100m odd in infrastructure in place and gas volumes already injected. That did NOT include the large discovery, from a fat horses mouth, was 993mmbbls in place with the possibility of 50% recovery on miscible flood, game changer, fall off chair etc (ref multiple videos). BP now imo see an opportunity, with their interest and actions to date will likely have peaked the interest of US entities too. Should the bidding process be reopened BP may not be alone imo.

Given what has led to the current situation here there will be plenty of the players wanting to keep a low profile, not many rules were left unbroken with this one. The TR1 release with all those TR1's in there was an eyeopener for sure, there will be those wanting to keep a low profile due to that. Box trading my a**.

Regards,

Ed.

Mike,

Yeah agreed, it does incentivise management to perform share price wise each year. Shouldn't be too hard given the very low starting price this tax year.

Regards,

Ed.

Hi Luke,

Yeah our new interim CEO has been hired for a reason, very interesting comments made when he joined the company. Also add to the fact that they want to so more meet and greet events to shareholders suggests there's going to be something to talk about. Perhaps there'll be something to discuss here soon.

Regards,

Ed.

Good morning Luke,

Good man, hope you had a nice time! The company did suggest we'd have some action from Angola and Brazil in the near-term. So hopefully not much longer to wait.

Regards,

Ed.

Sienna,

Hopefully something will feed down from Telegram. But otherwise it'll probably just be a case of waiting for the company to update on its ops.

Regards,

Ed.

There is a small upfront fee to pay, but that is very small compared to the loss associated with it as its on a scale. Get on that last zoom call with MC and you'll get all the details there. Then he can take action on behalf of those that signed up to get answers and justice. Lots of questions need answered, like why they said they would inject enough gas and didn't, all those very late and significant TR1's, also shorting. The constant stream of misinformation, the mystery wells, the JV partner. MC will be the guy to go after it all for those that pay the small joining fee, I reckon he'll do the business too as he's done in the past. Not much time left for those to get on board now.

Regards,

Ed.

TD,

If you insist on coming onto the TRP thread perhaps you should at least look at TRP as a starting point. You will find there are multiple structures on the Cameroon licence at multiple horizons. Njonji would be a multiple well development if successful so what you mean by a 35m barrel well I'm not quite sure. There are multiple targets on the Thali block which adds around 100mmbbls of prospective to the 35mmbbls of contingent (100% TRP). Then there is the small point of around 2bn bbls of prospective recoverable (around 5bn bbls prospective STOOIP) in South Africa currently with a data room open (50% TRP). Then last but not least the 80% interest in Namibia, multiple blocks with multiple bn bbl targets (structural closures) already identified and they're still to report on the volumetrics of the stratigraphic traps that they're working on at present. Thanks for asking, small fry my ***.

Regards,

Ed.

Good morning Nige,

Agreed, with the recent management statements it appears we're still on the verge of transformation. Hopefully TO-13 or the Brazilian acquisition will do the trick.

Regards,

Ed.

Afternoon Nige,

Fingers crossed we may get an update before the GM. From the brief look at the pricing it seems that Brazilian gas is around $3/mcf or around twice the US gas price. I would imagine any assets they acquire will be of commercial scale, hard to say exactly on what scale that would be until we see the RNS. With a circa £8m market cap here it won't take much scale to make a material difference to value, especially when you add in Angola. I've seen many an AIM oil and gas company trade well over £20m on much lesser exploration assets.

Regards,

Ed.

Knw,

Well I guess its down to the scale of the loss, folks with larger holdings can afford to pay more. £550 isn't that much considering the potential for the amount of possible return. He suggested that more costs are unlikely, but if something crops up he would let the group know. Buy my impression its a one off for phase 1 before progressing to the no win no fee case. His comments on settling early and not going to court were very interesting, so folks should attend a call if possible.

Regards,

Ed.

Space,

I would imagine so. He did answer a long list of questions from CAG at the end of the presentation and some additional q's from the chat text. So you can give it a go, there's some things that he doesn't discuss at this time, but most things he does cover.

Regards,

Ed.

Cheers for the info Luke,

Interesting, good timing from the looks of it. Looking forward to those updates on Tobias and Brazil!

Regards,

Ed.

Monty,

That wasn't given. Some will pay a small fee, most will pay around £300 and some will pay no more than £550. Given my impression so far is its going to be no stone left unturned. I was a little skeptical before today's zoom, but not now, folks should get onto these calls, he does answer some q's at the end. If anyone is unsure try to get onto a call and see for yourself or watch the video when it comes out, there will only be a couple of weeks for folks to register and become clients so its now time for the fence sitters to make their minds up either way. He's been very successful in the past on multiple cases.

Regards,

Ed.

GPG,

He sure did give a very confident presentation, like others have said one of these calls will be recorded for all to see. He seems like a very well organised and focused professional guy. Agreed the best guy for the case and I'm looking forward to becoming his client in the near term. Well done to RBM/CAG, Stas etc so far for getting this all put together and providing the info for him to work on. Be very interesting to see how this all transpires.

Regards,

Ed.

Morning guys,

Luke where did you hear that? Has Mr Jennings been tweeting that he's adding to his position here?

Regards,

Ed.