The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Packing his bag..... Hes driving his car.. Hes going to give us news... On the drill so far... DS is going to town.... DS is going to town... HNY everyone.
If by magic, back to 12's. The fools who sold out this morning will be back in at a higher price. Keep your eyes on the log results. The interview today should give us a boost as well.
Plonker AIMWARRIOR who claimed to have sold out his £90 odd thousand yesterday is FULLY back in now looking for 18-20p. What a nobk.
Thanks strongman. By my calculations it has been a week, so enough time to log & get approval. Cant wait for Tommorw.
Well as i said before, i think it was a buy. But if it was a sell and aim warrior sold out, then im happy about that. I would be worried news had leaked out & someone in the know had dumped. But since its a trader, who has bought in & sold out each time at a higher price several times (check his Twitter account), then im not worried. He'll just have to buy in when we get the logging results at 20p. If he stayed in from his initial 8p-ish buy, he would have been even happier. Very excited about the coming week. This will explode to the directors 20p share incentive once we have the results. Gl all.
Has got me excited in AAOG is they've only drilled to hit 2 zones, BUT they found another THREE extra zones. Come on people, this says it all. Another posiible 2 zones still to come if the go to Vanji aswell. So 7 pay zones for the price of 4 = £££££.
Wowww... £86k.
Excellent again Ice.
Credit goes to Icebergshares.. Not my work. I just copied & pasted.
I'm no expert, but for me if we just hit the the 3 zones aimed for pre-drilling, it would be a game changer. But on the latest results, it shows ANOTHER 3 zones which they did not expect. If that isn't reason for us to fly, then i dont know what is. Dyor but im VERY confident the logging will show alot more than we expected.
Dm, the trust is returning to this company. The article in Dailymail will also help with exposure.
2 rns,s in one day.
Blog from IceBershares: http://icebergshares.blogspot.com/2018/12/aaog-sigh-of-relief.html AAOG – Jump for joy Just like the last RNS detailed below, it seems to make sense to expand upon the recent Mengo target reached RNS. http://icebergshares.blogspot.com/2018/12/aaog-sigh-of-relief.html Just like the last RNS, this one has been woefully misunderstood by the market, in my opinion the real significance of this RNS won’t be understood until the wirelogging news has been undertaken. I’ve always had the opinion that Mengo will be commercial successful for AAOG, with 4-6 wells it will provide for and value a £100m mcap company, with the ability to take advantage of other opportunities. The R zones as described above were mixed, R2 Sandstone looks very promising for replicating the 101 drill. A few weeks ago prior to the R zone hit, I emailed David to try and find out some information about the Chela sandstone layer, he didn’t bite. However for me the sandstone is vitally important, being so close to the natural African plate boundary it borders the estuary and shallow sea deposits but also allows access to the onshore geological river deposits, as it flowed into the shallow seas. The location of 103, was perfectly positioned to take advantage of this and key was the sandstone layers. The announcement contained the very interesting and detail lacking statement. “Additionally, three new potential pay zones have been encountered between the reservoir R2 and the Mengo. These zones, formed by sandstones, showed a positive log response and hydrocarbon shows.” “These results indicate a well-developed on-shore/offshore hydrocarbon system underlying Tilapia” Taking the above comments we seem to have confirmation that AAOG are saying the same. A bit of geological digging and we have a past geological era, with shallower seas and the vast Congo river flowing through, AAOG have just confirmed this with the discovery of the oil laden river deposits, in the form of sandstone. Onshore these river deposits are very difficult to find, almost like finding a small gem in the mud, they produce very light, highly moveable hydrocarbons, sometimes up to 7000bopd. I doubt that these sandstones have the net pay to achieve this, however it’s interesting that AAOG didn’t mention the size of the pay zones, nor how tightly packed they were. Moving onto Mengo, first a few figures taken from today’s Finncap research note. 103 intersected 104m of gross Mengo with 50m of oil and gas shows in sandstone. 101 (the original hole we hoped to emulate) intersected 38m of gross Mengo and 10-15m of oil and gas shows in sandstone. The above wasn’t obvious from the original RNS, but shows just how impressive this drill is. Remember an emulation of 101 was deemed sufficient to give us 500bopd. The much, much larger Mengo, should have better pressure and should be a reservoi
Yes... I suppose so. Top up done. £23k :)
Just need a little top up at 10p. Please dip a little
How long does the logging take?
I'll be up as usual for work (NHS). Hoping rns doesnt land so i can get another topup at 8p ish.
To see some big 10k sells, which was expected over the weekend. But they might struggle to get in if news hits Monday am.
We hit the first zones on Saturday 15th & the rns was approved & sent out the next working day Monday 17th at 7am. So im sure we wont have an issue this time round as well.
Estimated 4-5 days ti reach the next target. So hopefully hit it over the weekend. If your out, you loose out.