Member Info for maestro1

No point wasting time with idiot, you were the one saying this is "wildcat drill" and cash burn will be significant because these trips to Congo are not cheap... You can only laugh at your pathetic deramps.....

Snpc are govt controlled, they are not small fish, they will pay their share..

Potentially trying to prove up 66m boe from the coming drill. Hopefully rig signed in Jan and drilling early Feb.

Going in right direction, get the rig guys.

Hopefully an update next week for license renewal and hope Jan we manage to secure the rig for the drill. Interesting times...

Lemonade The best one he came out with was that tlp103 is a wildcat drill.. lol Aaog are saying hydrocarbons are present in all those horizons, but the techniques wasn't available to extract from djeno previously. Fishbones technique which came out in 2013 will be used, eni and soco have successfully used this method at djeno...

Itsgambling Dyor, we are not here to spoon feed you. Go and ring the company up...

Within the Tilapia Field, developments in seismic techniques have recently been able to interpret the presence of hydrocarbons in the Djeno Sands, which lie below the pre-salt layer. In neighbouring fields ENI, SOCO International and Oryx are already producing or in the final stages of testing prior to production from the Djeno Sands. The seismic material indicates that the Djeno Sands have high volumes of reserves, and the presence of hydrocarbons in the AAOG block is confirmed with conventional flow rates. <b>This was not brought into production within Tilapia when originally tested because the necessary techniques to kick-start production did not then exist.</b> The Djeno Sands have been shown to have reservoirs that, in neighbouring fields, have been in production since 2013, with production of 4,750-5,000 bopd per well. These other fields have enjoyed high flow rates, which are caused by the oil layer itself being naturally pressurised by lower lying high-pressure gas deposits. ===================================== The Djeno on the seismic material is showing presence of hydrocarbons, recently eni and soco have been able to produce from this horizon with new techniques available, aaog will use fishbone technique. Mkt cap only 7.4m and potential 58m boe.. Fantastic opportunity...

Jim Tell me again why you care?

There will be update by 29th Dec..

Do you have an interest here? Do you plan to buy any shares? Those questions set to David are most likely the ones we are asking the company on this forum? We are investors and we would like to know what went on, you can continue to cry about the past....

Jim I do not know who Ben turney is? Stop this paranoia, its not healthy. Notice your mate itsgambling has stopped posting, the idiot has probably bought in...

Well hopefully early this week some of Jim's concerns will be addressed in David seftons written interview, questions have been set by shareholders..

Ddclive If Jim has something which is negative about company, then good on him for letting us know on the board, but he is misleading investor by saying it will take 2 years to renew license and also saying something dodgy with company by letting director go. Quite clearly the director who stepped down from the company took the blame for not acquiring the rig on time. At the moment the BOD have said the delay of the rig is due to large oil company drilling, aaog can use this excuse for a certain period. The BOD gets benefit of doubt and with them hiring an experienced project manager one comes to opinion they are learning from their mistakes...

Listen matd delayed there drilling this year and will drill mid 2018, there sp is recovering. Out bod have been naive in thinking they would be able to source quality rig easily, little did they if there was one available then the big boys will take it first. The good news is that the big oil company is drilling now and should complete drilling early Jan. Late jan, early Feb rig should be with is that's if the large company doesn't drill another well. Very interested to hear what David Sefton has to say of what actually happened, mistakes happen and you learn...

This is the reason sp moved up, buyers coming back in.

Loz It's a written interview, but will answer shareholders concerns...

I think we will have close to $3.2m in cash in Jan, so we have money to drill. We are targeting multiple horizons and some have these horizons have proven hydrocarbons based on log data drilling wells in our field. It can start getting interesting, this is why imperative we get rig sorted , the large oil company will be two thirds into their drill. So next 6 weeks interesting times....

Even at 30p the mkt cap will only be 21m. When deep exploration target is close to 60m boe and our neighbours prolifically producing in this horizon, just on spudding it can get to 30p.

Listen I think they will be on the ball, by end of Jan license will be extended by another five years to 2025 and then early Feb the rig will be on site. IMHO