Member Info for FLIRKER

I see this continuing to rise right up to the next spud later in the year, especially if we get a little more meat on the bones. With the shares issued at 40 and 55p I was expecting more of a sell off as we start to rise but not the case. This and many other signals telling me this is going to be a winner so holding well and truly tight.

Ogo – “one of the largest global discoveries in 2013” www.afren.com/download.axd?id=1795 4 pages on Ogo discovery, I think's they are excited by this discovery. Note Afren has $3bn NAV on Ogo so $2bn to little ole Lekoil.

http://energymixreport.com/interview-with-the-hon-commissioner-for-energy-lagos-state-mr-taofiq-tijani/ How do Lagos State and the Ministry of Energy and Mineral Resources feel about the recent discovery of oil in the state by the Lekoil/Afren consortium? We, at the Ministry have always been aware of the fact that offshore Lagos has the potential of becoming an oil producing region like the Niger Delta, if enough exploration and exploitation activities are undertaken. So it’s not exactly news to us that the consortium struck oil, we are however excited at the potential prospects of this discovery. From the current information at your disposal, do you feel that this discovery will yield commercial amounts of oil? According to the reports we have received, the estimations from the Ogo 1 well located in OPL 310, offshore Lagos by the Afren/Lekoil Consortium has surpassed pre drill expectations at the end of on-going evaluations. Based on the well data, the partners estimate the P50 to P10 gross recoverable resources range to be significantly ahead of pre-drill expectations at say between 774 to 1,180 mmboe, which is commendable and commercially in order I think. How does this discovery differ from that of the 1996 Aje field discovery in OML 113? Unlike Aje in OML 113 which is predominantly a gas and condensate field, estimated at about 380 mmboe, the Ogo-1 well in OPL 310 contains significant light oil accumulation. What are the economic and financial implications of this discovery for Lagos State? The discovery of oil at the Ogo-1 well definitely gives us hope of a huge economic boost for the State with particular regard to the possibility of more investments as well as potential revenue accruable to the State. It will also serve as a boost for the nation’s oil reserves as a whole.

http://www.afren.com/operations/nigeria/oml_115/ Following the completion of Ocean Bottom Cable 3D Seismic over the whole Ebok/Okwok/OML 115, the Ufon structure was identified as the most likely target for drilling. The Ufon structure contains mean gross Pmean prospective resources of 65 mmbbls and is structurally and geologically analogous to the Ebok and Okwok fields but has significant deeper exploration potential. The Partners expect to spud the first exploration well on the block in early 2014 using the GSF Monitor rig.

It is an old article from 2012 so no longer valid. Does highlight that these boy's mean business and could potentially have the backing of some big players. I think they have enough on their plate now with OPL310 unless they can pull off a shrewd deal such as what they were planning with Dragon Oil a while ago. Anyway share price creeping up slowly so a good start to the new year here.

Soon get a top up opportunity at the big boy's prices and at a price before announcing a 700 mmboe find. Mental but boooooooya.

69p and rising! Think those expecting retrace opportunity may be dissapointed. 70p here we come hopefully.

Price holding and continuing to gain! Those in the placing holding tight and increasing by the looks of today's RNS. Good times ahead as we cruise to £1. Woooooop

Will we get any news? Will be interesting to see how they fund this. The Company is pleased to report that it is in advanced stages of negotiation with a strategic offtake partner to provide the debt financing for the majority of the outstanding consideration of approximately US$28.0 million for the Aje Acquisition with Lekoil funding the balance of approximately US$1.0 million from its own cash resources. Lekoil has made a further payment of US$1.0 million to Panoro subsequent to 16 September 2013 and has obtained an extension to the final outstanding payment until 6 November 2013 to allow the finalisation of the various financing documents and to complete the fund transfers.

Nice work LEK! I was wrong....

Expected a placing of course but not sure what the game is here. Anything below 50p is a massive **** take and corrupt imo. Holders took a massive risk here and may now get shafted. Hope to be proven wrong.

Rivalling Ebok and 280ft versus 50ft predrill on syn-rift play. Good times!!!!!!!!! In its Q3 IMS, Afren has guided that the Ogo-ST has discovered oil in Upper Cretaceous structural and stratigraphic sands. This result could potentially open a new play and project rivalling Ebok in size. #61602; Ogo-ST intersects oil. All reservoirs encountered in the Ogo-ST that the Ogo- 1 vertical well encountered, have come in high to prognosis. Moreover initial logging of the newly tested syn-rift play also indicate accumulations high to prognosis (280ft versus 50ft predrill)

I like the synrift play in Aje too. OML 113 is located offshore Nigeria, and is contiguous to the Afren operated OPL 310 block. The Aje field located on OML 113 was initially discovered in 1996. Three (Aje-1, Aje-2 and Aje-4) of the four wells drilled on the field have encountered oil and gas in various intervals across the Turonian, Cenomanian and Albian sands, and two (Aje-1 and Aje-2) of the wells have comprehensively tested at commercial rates. The JV Partners estimate the Pmean contingent resources to be 167 mmboe principally related to the Aje field with an additional 205 mmboe of mean prospective resources on the block. The JV Partners are considering drilling and commencement of early production on the Aje field. Based on the Ogo discovery at OPL 310 there are likely to be some development synergies between the two projects. Also the synrift play which encountered a 280' gross hydrocarbon column in the Ogo well, exists on this block and could deliver significant upside to the Aje project when tested with the drill bit in the near future.

Just gonna tuck this away and come back in a few years for my very early retirement!

"All of the reservoir intervals came in high to prognosis, potentially indicating a larger structure than estimated post the drilling of Ogo-1" Which was already significantly in excess of the P50 estimates. And now we also have "syn-rift section encountered a 280 ft true vertical thickness gross hydrocarbon interval." MASSIVE!!!

Still got legs!

July 10 (Reuters) - Vectura Group PLC: * JP Morgan raises Vectura Group Plc price target to 133 p from 110 p

Plenty of news in the pipeline to keep pushing this up so 110p quite possible. Quote from IMS sums it up well "We anticipate a number of major catalysts in the second half of 2012, including the EU filing of QVA149 and the launch of NVA237 in Europe. As these programmes mature, we expect the resultant milestones and royalties to transform our revenue streams and financial profile, making Vectura a self-sustainable, cash-generative Company, which will provide a strong platform for the next chapter in the Company's growth."

300k+ trades! Thought I would just dip the toe to start with.

Will she pop? Nice looking chart and interesting trades of late. Followed Vectura a while back and kept it on the ole watch list because of its potential. Think its about time I got reacquainted and get some dosh in here before its to late.