Member Info for mcfcnige

Good post Affc,

Market cap is now £15mill, a long way to go yet before we get to fair value.

Hi Ed,

Fully agree.

Sonangol have done a very professional job so far.

I would much rather they take there time and get the best result.

Fingers crossed for the flow results.

Thanks Nige

Thanks Ed,

Great posts.

It sounds a complex well (in a good way) as they have multiple zones to test.

I would rather they take there time with it, then maybe issue an interim report to let us know how it’s going.

It feels like they are being conservative with what news they are releasing which is a good thing really.

I also get the feeling we are going to get a blockbuster report at some point, that will take us by surprise.

Thanks Nige

Hi Ed,

Great posts as always.

How long do flow tests typically take?

Thanks Nige

Great video Dicko, it looks a great project and Sonangol are the best team to do it.

Good post.

This is what it says on the Corcel website

“Multiple Brazillian opportunities under review alongside further consolidation in Angola

Preference for production and development, operator status and majority positions over time”

So they must still be looking at opportunities there?

Thanks Ed,

Fingers crossed we get a share :-)

Hi Ed,

Fingers crossed we can continue to progress the share price.

One quick question for you, how will the bidding process work for the new blocks up for grabs?

Is it usually secret bids and the highest wins, or do the competing companies know what they will need to pay to win a share of the block?

Thanks Nige

Morning Ed,

Happy new year to you, hope you had a great Christmas.

Good start to the year, AK drawing down some funds shows lots of confidence in the progress of the sp moving forward.

Hopefully lots of news to come.

Thanks Nige

I think he has been a bit conservative with his target.

Just wait till be get the testing results:-)

It works well for us , as we haven’t got a placement hanging over us.

Hopefully when production starts, we will start to become self sufficient and will only need cash for new projects?

Hi Calder,

Good post, we saw some big trades appear yesterday, could these be some of the warrants?

Don,

You are talking rubbish,try reading some RNSs.

We are fully funded for up to £10 mill

Thanks Ed,

Fingers crossed, we get a share of it.

Thanks for sharing your knowledge with us this year.

Wishing you a happy new year, let’s hope it’s a good one for us all.

Thanks Nige

Thanks Ed,

Great explanation.

AK sounds very excited about the results, so hopefully they have some idea on how it’s going to flow.

I just hope we can win the bid for the block next door, it would compliment the current assets in that area perfectly.

It’s going to be a very exciting start to the year for us.

Thanks Nige

Morning Ed,

Quick question for you.

In regards to flow testing, would they have done a quick flow test at the time of each drill, just to give them an idea of the pressure and flow,or does it not work like that?

Also when do you think we will hear that they will do some horizontal drilling, will that be after the flow test results?

Thanks Nige

Hi Ed,

Forgot to mention, today’s result confirms they were working over Christmas :-)

It looks like the tinsel on the rig worked a treat :-)

Thanks Ed,

Just read the RNS again, it gets better every time you read it:-)

I have a feeling that they are being conservative at the moment until the testing and flow rates are done.

We should have lots of news over the next few weeks.

Thanks Nige

Excellent find, let’s hope we can fill both refineries up and give them plenty of stock:-)

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