Member Info for Jungmana

Just a reminder:

"The main zone of interest appears to share a number of similarities on the preliminary log analysis to an existing producing well nearby. "

Profit taking by some traders today as expected.

Must remember we have risen 100% from 0.085p ( the low of Tuesday) to 0.17p this morning.

I think the rise continues tomorrow

As many said , Mako alone has derisked this at GBP 6 million market cap today ( at 0.15p)

Wilson is looking good for a decent oil discovery and I fully agree with Cawkwell, this can get back to 1p in a few weeks time.

GLA

Similarities with an existing producing well nearby. Says a lot

Just a reminder

"The main zone of interest appears to share a number of similarities on the preliminary log analysis to an existing producing well nearby. "

Just a reminder of the potential with similar wells in the area producing 2,500 bopd.

"The Wilson River prospect has been mapped with a combination of 2D and 3D seismic and has estimated prospective oil in place in the range of 8.7MMBOE to 37.4MMBOE with a mean of 21.3MMBOE. Nearby fields have recovery factors in the more prolific formations of up to 59 percent, depending on a range of factors including reservoir quality."

Can we get a nice blue afternoon?

Added 4 million shares in total today

Gla

The find could be quiet significant.

"The Wilson River prospect has been mapped with a combination of 2D and 3D seismic and has estimated prospective oil in place in the range of 8.7MMBOE to 37.4MMBOE with a mean of 21.3MMBOE. Nearby fields have recovery factors in the more prolific formations of up to 59 percent, depending on a range of factors including reservoir quality."

"Based on preliminary log analysis and hydrocarbon shows, including approximately 6m of potential gross oil zone in one of the main target reservoirs, 7-inch production casing has been run into hole and cemented to a depth of 1459.6m. "

Looking pretty good.

"The main zone of interest appears to share a number of similarities on the preliminary log analysis to an existing producing well nearby. "

I think we have another good size buy yet to be reported.

Looking good so far.

Expected any day means just that. Could be at any time as we have been waiting for many weeks.

Simply means could be tomorrow next week, next month who knows

Imo we are at the beginning of the recovery to 0.2p +

Namibia farm-out news expected any day and Juno exploration drilling should hopefully commence in Q2.

No matter how PG spins it MOU 5 is a duster.

Company needs 3D or else will be another guess by the "very smart PG"

I think is looking very positive for us .

GLA

Yes I know more production is forecast from the CEG acquisition but that's from July 2025.

The current workovers are producing 16 bopd and targets 35 bopd .

I was expecting more from that.

Is that all target 35 bopd?

"Results from the first two workovers have established production of 16 bopd."

Lets be honest, MOU 5 was a duster hence the rns after 10 days of drilling.

PG tried his best to spin it with mention of helium, 3D etc in an effort to limit damage to the share price.

Usually with drilling the longer the time taken the better.

Now we are 7 days into a 5 to 6 days drilling.

Fingers crossed for a discovery rns.

Once signed off in Cameroon, imo should see a rapid rise to 0.1p.

Drilling expected in H2 2025