Member Info for Investor_Tester

..thank guys

One thing I will add is that this conspiracy of City Financial (CF) suppressing the sp with all its sells...I have to contest this as I don't believe that is the sole reason.

the sole reason is Volume...we have extremely little fluidity in this share and as such, doesn't tend to move anywhere unless MMs change it due to news we get (and often its moved on very conservative basis) , which explains why we aren't moving.

Like many, the transformational elements (flow rates in California) is what the market waiting on to do a proper correction here. No amount of 60m pay or 90m pay means anything unless we can get it out of the ground with reasonable flow rates. So even though it is of course good news the pay is great , we need the 100s of bopd out of these for the market to take notice. I am expecting around 200 bopd+ for each well...each to their own though.

Then we have the new drills in West newton....this was already tested with gas find , but didn't get fully appraised/flow due to site restrictions. This is why they doing a double whammy in redrilling the previous successful well (and even being conservative with 72 percent chance of success , when reality is a lot higher)...and then a more prospective $840mil NAV oil prospect down dip , in 1 drill....if both are successful , you can bet your bottom dollar 1p sp here will be gone in a flash.

Not even talking about Colter , Romania , or anything else....so worth people considering the short term above I have listed and then all the rest RBD has up its sleeve and realise the potential here

Looking forward to it!

We know theres gas already if anyone has checked the original results of the drill there and the complaints from locals of GAS smells :P

I'm very encouraged that West Newton will come good. Per fund raise for UKOG , I don't think this will impact RBD as we have enough cash to pay our carry.

onwards and upwards and hope CF sell there entire stakes soon....just dunno why they wouldn't wait til higher share price....nuts...anyways , their loss is my gain as I can buy more at silly low prices

gla
IT

What about Colter South forward plan??....although very small 3m net pay...hopefully it flows OK. ...I think the market is doubtful and plug and abandon priced in.

60m net pay....but I know what you mean...flow rates most important

Your comment is inaccurate.... Yes the Director purchase cannot be made 30days either side of news.....yet this is not restricted to GOOD news....its BAD news too....so your reference to a duster is invalid.

My thought would be that it is more likely that they taking cautious timed approach to facilitating the plan with ELM1004 that news will be released post 15th/16th March 2019.

I for one am holding and hoping the ELM will come good , even thought there was a lot shared in QA that aluded to otherwise

Irrespective, Tapi Aike is realty the crown here and always has been... remember 3 successful wells was drilled in TA previously with very high pressures (equals very high mmcf!) so I would encourage people to do their research as now is a good time to invest in low sentiment share that will almost certainly be north of current position by end summer 2019

I totally side with CrustyPete in that things are awfully slow and lets not get started on how Tanz gov operate in mining sector!

For this reason and lack of progress, our lil shareprice has taken a knock or what I like to think is a handicap.

once items CP mentioned is sorted (license extension , CH1 drill , KN1 remediation ) then sentiment will be restored and we could be back to 8p potentially

For now , I am continuing to hold until all 3 items above are completed.

Good summary Drewky , thanks

Am I the only one that saw the "...there is a fluid column in the well and is analysing the operational and testing data" part of below ???? what fluid ? oil ? water ? hopefully oil!!! :-D

17/12/18 "The Company engaged Schlumberger SEACO Inc. ("Schlumberger") to remediate and troubleshoot a faulty sub surface safety valve ("SSSV") on its Kiliwani North-1 well. Schlumberger were mobilised to location and the SSSV was repaired. During the operation the well was fully opened and test gas flowed to the plant for a short period. The Company believes that there is a fluid column in the well and is analysing the operational and testing data."

thx cperkin , wasn't aware of that , thanks for sharing. Sounds like a good plan for them as near term (especially if CH1 hits the black stuff they thinking it might!) could reap massive rewards for SOLO (and us at AEX)...

SOLO could then do a placing once there SP re-rates to higher value and us proceeds for more drilling etc , or farmdown in return for free carry like AEX done.

Lets see how it pans out for all , just want us to progress as excited for AEXs future here post farmout approval

Totally agree cperkin...this about the vote on farmout today.

rejected , then this sp will take a knock as we will be sitting on something we wont be able to develop quickly at all , especially considering our tiny cash flow with KN1.

worth everyone remembering we still keep 25% of Ruvuma even post farmout.

Also , although SOLO is partner here and doesn't seem like they will be farming down (also 25% currently of Ruvuma), they will need to fund their part of the carry (circa $40mil)....not sure where they will find this from...but gl to em as we need them joining us to make the whole project a success.

Well , reading through it , nothing new from the last preso other than info on KN1 (which is good to see what happened , what they did to remediate and what they targeting next (lower gas bearing zones) to increase mmcf)

still not clear on what KN1 is producing ....that would settle a lot of nerves here knowing if at least more than 1mmcf (which it was when issues arose)

other than that , nothing new really.....lets just hope farmout is approved and we can move forward as the commercials surrounding it are fantastic for AEX.

In Summary - AEX gets $40mil free carry , pipeline built between Ruvuma field to local gas plant and upto 40mmcf of production sharing.

What more can you ask for when we a minnow ?

just need progress now so we can fully appreciate the NAV that is there waiting to be appreciated.

GLA

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nothing available on website as yet....they did say shortly after...guess we will find out what "shortly" means......usually the preso is released on website after EGM and resolutions all passed from dealing with other companies they had EGms....lets see

what a load of rubbish.....lets just see what the EGM holds , but I for one want this farmout done so we can crack on with Chikumbi 1 and see multiples of current sp

Corporate restructuring mentioned....we can see on personnel level that already underway , I can see this moreso on overall corp presepective before end 2019 , as in April 2020 their will be $60mil payable to company Land Ocean sold the loans to....either that or this share is done

Production wise , I cant see anything until Q32019 when beach marcelle storage tanks sorted....sigh...this company.

Well , just some snippets , thankfully I am out of Range earlier in the year.

I really do hope for the rest of you Range strikes something good in the future - just I don't know where that will be currently....Perlak field ?

No mention of Georgia ????

thes warrants are at premium to current sp.... The Block Admission Update has been made in respect of the issue of 18,347,089 new Ordinary Shares which may be issued pursuant to the exercise of Warrants to subscribe for new Ordinary Shares at a price of 15.1875p per new Ordinary Shares issued by the Company in 2017 (the "May 2017 Warrants - Batch 1"). The grant of the May 2017 Warrants - Batch 1 was announced on 15 May 2017 in connection with the issue by the Company of secured loan notes described therein.

read it clearly....is says $8.3mil in cash AND LIQUID ASSETS (ie OIL)

Also in the quarterlies , it does say they had $4mil at end of period , so the placing is around $1.3mil USD , taking to €5.3mil...the rest is oil held in tankers I guess ($3mil! ) which is quite a lot , but explains the issues that they having with Petrotrin dealing with all the oil!

you cant write the script on this! just as things improving , then we hamstrung by Petrotrin not been able to handle our oil...ffs

this does not help when we have staff to pay...we cant suspend their wages etc.

At least Range trying to find ways to better the handling and shipment and working hard at that - so credit to them for that.

Still , I have an uneasy feeling about the Petrotrin but as might halt our progress to the long await 1k bopd target

firstly , we aren't on 1k bopd....we on 800bopd at best according to last firm reported figures (this may be different in next weeks report - i hope so!)

so 800bopd * $70 a barrel = roughly $20mil per annum

Now , what about expenses ?

last half year report , range was not profitable at all ($8.5mil loss for half year). if that changes next week , then fantastic , but i am gathering will be highly unlikely

anyways , hoping to be rescued with good results next week...

well then we are truly stuffed if that happens.....ah well , at least i will finally rid myself of this share for 9 years of pain

I am tempted to average down , as agree its massively oversold today with silly 0.11p placing.

However, the very nature of this placing and scandal surrounding it makes me avoid it as I feel that the BOD have their own motives now and clearly not respecting even their largest shareholders (SIBO and Abrahams) interest...which this placing is a slap in the face!

I'm going to hold out for qtrly report next week and darn better be flippin amazing so we get back to 0.20p at the least.

After that , well....wheres them 2 drills they said they would do before end of the year ? All these promises and as yet , we are not seeing nearly enough significant progress.

oh , let me not start on the 80mil of debt (20mil granted is in convertible loans at 0.088p price...so massive premium to current)...but 60mil is held for April 2020 payments......further explains the overhang on the so here...

wth all this in mind...we are very real risk of been taken private folks....could that be the reason for this exercise perhaps ? market cap less than £10mi....if they offered £20mil , I would defo take that anydays.

guess more to follow