Member Info for maestro1

Jimbo is working overtime at savp and aaog, both where he lost money in and cannot take it.

Duh!! You dont say.. DS: ......However, with the delays in drilling we have moved to advance the new licence and aim to have that in place in the very near future.

Soundingoff its not good enough for some...

jim how much did you lose when this was 20p+? Come on tell us? Eni and Oil rig operator has assured us that the rig will be available in jan, lets wait for eni to finish drilling, which hopefully will be early jan and go from there.

Vince Do not say this will certainly rise after the cpr, that is not certain. how do you know farm-in is an certainty, if the asset was so good after the seismic data they would have had partners sniffing, i will give you example SDX did some seismic in South Disouq last year they too said the data was ahead of expectation and they also mentioned large third parties wanted to farm in even though they had one and didnt request one, no cpr was mentioned in that early stage. Has any farm in potential partner been mentioned after the positive seismic data the company claims? Not certain to get farm-in partner...

they will only sign it if its guaranteed? ENI bought the M'Boundi field for $4bn, they are using it there, what if they decide to drill another well if they find oil in the current well they are drilling? Will you want to wait another 3 months? By now they will be close for TD, so rig negotiations will be close, if eni let go aaog will get it...

oilriches what on earth are you on about, the rig has not been confirmed had it been confirmed they would have commenced drilling by now. Eni are currently using the rig, both eni and rig operator have assured AAOG BOD will be available in Jan once eni finishes drilling, if there is further delay they will hire another well from out of the country. Workover on both well have been done, although rates increased on tlp 101 to 48bopd, it failed to pump oil from tlp102, further work is required. Considering they only expected to increase production for both wells to be 250bopd, its best to drill tlp103 which has the potential to produce +5000bopd. Stop talking baloney

Legache, It does look like the CEO has run the company like a lifestyle business, last few years this has been trading under cash value, mkt has lost confidence in this one and the board failed to change the mkts opinion on this one...

Vince I am not here to deramp and get in cheaper, fact is without a farm in partner they will lose the license, my end of 2018 they have to do 3d and drill one well, they just don't have the cash to drill a offshore well, where are they suppose to get $40m from? Look at pvr they have proven reserves in barryroe but they can't get in partner to drill, there mkt cap close to cash value too, they have other interesting assets in the Irish sea. It's all about the money, if they do manage to get a estimate of 1bn barrels of oil in place this may bag, but you are expecting fireworks it highly unlikely. Last year they failed to get a farm in partner..

Lemonade This is what some are not grasping, by end of Jan they should have around $3.2-$3.5m cash, $2m is put aside for our share and further 700K if djeno horizon is duster... even like some are saying a placing it won't be huge and not a bug deal..

First you claimed me and sunny were same person, so I challenged you £1000 I was not, you refused, now you saying I'm paid poster. You wanna bet? I am not a paid poster, I have an interest here... You have no credibility here, you wanna bet...

It's gonna take two years to renew license, this statement was a classic from Jim...

Judging by those blocks of 250K being sold, I don't think news is this week..

It's highly likely the CPR will be out in the new year now.. Imho

That well tlp101 is still producing 48bopd. Worth remembering the excitement of this field is not the two workover well which they hoped will produce 250 bopd but it's to check the mengo and djeno formation. Nearby fields in djeno horizon is producing between 4500-5500 bopd per well, and in the mengo between 200-800 bopd per well, I think aaog are correct in delaying the workovers and concentrate on the transformational well.

Jim bod have aligned the company success to their pay. If they don't reach there targets then they don't get paid top wage unlike other companies bod get paid in full for being poor directors. You lost on savp u started to deramp , you lost on aaog and you have made it your life's purpose to just post negative. How much did you lose in aaog...

The boards pay is docked until they reach targets, go research which institution owns shares here... Over 60% owned by institutions...

15% of the license is owned by two parties they have free carry, onus will be on gbp to sell down significantly. If it's not a large estimate management will lose alot of credibility. Last few years this has been trading under cash value. I hope it's a good CPR...

I think rig will definitely be signed before Easter, the project manager has a plan in place to get another rig should another delay happen. Now you talking about 3p. Come on.... Notice over 60% is owned by institutions and none of them have sold, they all purchased at 20p. Bod have reissued their options at 20p also. This was a blip and investors should have taken adv of this, January will be interesting.

I think 1bn barrels is a made up number at present, what if its 500m barrels, will jt be lucrative to potential partner to farm in? Like I said the only reason why mkt is not valuing the license is because it doesn't think they will get farm in partner. In the past they have struggled, just cost too much to drill offshore.