Member Info for mcfcnige

Hi Ed,

Sorry for all the questions, just excited that’s all :-)

There said they drilled down over 950 mths which was much further down than we expected.

Would this be to hit the 2nd layer down that I have seen discussed on here?

Thanks Nige

Maybe Art has 2 jobs.

Oil inspector and AIM inspector:-)

Thanks Ed,

Crikey we are undervalued, what a fantastic opportunity.

We have so much to come.

I can see now why AK has ambitions to make the company a multi 100 mill market cap.

This great start together with the forthcoming drilling and new production assets will definitely get us there.

Over the coming year we could get a very spectacular rise in the share price.

Thanks Nige

Hi Ed,

Apologies I missed your earlier post, there has been a sudden rush of new posts for some reason, I can’t think why? Haha.

Yeah great news and as you say lots more to come, 20% more oil than expected was a fantastic surprise:-)

I did top up further down on that dip a couple of months ago, so glad that I did.

We have come a long way since AK first joined the company.

Selling Mambare for £4 mill

Financing at 0.8p so no talk about placing risk.

Today we have a higher amount of oil in place on our very first project.

We still have loads of further news to come.

What a fantastic day:-)

Thanks Nige

Hi Ed.

With what we know now, what would you say was a reasonable market cap for the company?

Thanks Nige

Some new faces on here.

Fantastic result for us with more oil in place than thought

2nd well being drilled

The company is negotiating to add additional blocks around what we have.

We are also negotiating for Brazilian O and G producing assets.

Currently funded for all this

How many other companies on AIM have these asset’s and financial resources :-)

Hi Ed,

Hope you are well.

What a fantastic result, better than any of us imagined.

Initially 20% more oil than first thought and may be better.

Wow, who thought that we would deliver a result like that.

Thanks for giving us the benefit of your tech knowledge, it’s been so useful to me and the rest of this BB.

The excitement doesn’t end, we are drilling an additional well, so further news to come out over the coming weeks:-)

Thanks Nige

They would read like this, well done to AK and the team.

I like this paragraph very much

“ The Operator, Sonangol, have advised Corcel that the Tobias-13 well penetrated the entire Binga reservoir section (~120m column), with potential productive zones seen in multiple intervals. The well concluded with a total depth of 958.5m, and was drilled in a downdip location from historic production wells, indicating scope for significant remaining hydrocarbon production potential”

Thanks Duke

It’s rare to see someone on these boards write a post like that.

Well done to you for taking the time out to wish us well.

In return I hope whichever company you have chosen to invest in ,makes big returns for you too.

Hi Smkr

Maybe Art is an oil inspector and knows about these things? :-) :-)

Hi Art,

Hope you are well, I am a little confused by your posts?

You titled the post “yawn “ 4 times?

If this board and the company are so boring, why are you spending so much time writing your long posts ?

Surely someone would not spend so much valuable time writing posts that long, if there was nothing interesting to talk about? :-)

Great posts Mike and Ed,

2 fantastic links that should get investors very excited.

The blocks available on Mikes presentation are next door to what we already hold, so hopefully we are competing for some additional blocks?

I like this paragraph in Ed’s presentation:-)

“An integration of past exploration results, available seismic and well datasets with the KMAP-2020 database (which includes the satellite imagery interpretation) demonstrate that the Onshore Kwanza Basin is a world class petroleum basin that in recent decades has been considerably underexplored.”

Hopefully we can utilise the Basin’s full potential:-)

Thanks Ed,

All interesting stuff, all we need now is a bit of news to get it going:-)

Thanks Nige

Hi Ed,

Good post, thanks for explaining.

I wasn’t concerned, I just wondered if they would just use the funds or if they were obligated to tell the market first.

I would see that as being good news really, as that would be a good indication that the drill is successful:-)

Thanks Nige

Thanks Ed,

Top post as usual:-)

How would the costing work in the scenario of continued drilling into the new year?

We have obviously covered the cost of our share of the initial drill.

We have the funding available from the recent announcement but would the company have to announce to the market that this funding is now needed for further drilling or could they just crack on with it and not be obligated to say?

Whatever is happening, it’s very intriguing and hopefully we will get some kind of update soon? :-)

Thanks Nige

Thanks SM

Good post Ed,

Do you feel there is a possibility that they will drill multiple wells straight away,if they feel there is potential to increase oil in place?

I think because of the lack of detail on this initial drill, the less knowledgeable people on the tech side like myself thought it would be one drill, test and announce results.

It’s seems now, there is far more going on than we initially thought?

Thanks Nige

I would have thought a balanced post would contain both the risks and the rewards?

There is no mention of possible rewards in your post, unless you want to edit it for us?

Good post, good reminder of the quality of outfit we have working with us.

Great post Ed,

It just shows what can be achieved with pro active management and access to funding.

12 months ago we could never of dreamed we would be in a position like this, very exciting times ahead.

Thanks Nige