Member Info for OfficerFigby

Django flow rate is minimum 3000BOPD. Promise!
Mengo is 1000-1500.

The well had a lot of problems granted. It managed to intercept all 3 zones.
But only slightly the DJENGO AAGO plan was initially to produce from Mjengo. Claiming didn't have on ground facilities to handle Djengo. Then they changed the plan and stated they do the ST well to get the full Djengo flow.
But obviously fluffed that up!...

There you go:
RNS Number : 8266P

Anglo African Oil & Gas PLC

13 February 2019
Highlights:

-- TLP-103C to produce from the upper reservoirs by comingling production from R2 and the Mengo, following a double completion including a one-off frack of the Mengo

-- Initial anticipated aggregate flowrate in excess of 1,500 bopd for the first 14-18 months
-- Projected financial metrics at 1,500bopd:
o c.US$1 million/month net free cashflow generated

o breakeven oil price falls to below US$20 per barrel

-- First production targeted for April 2019
-- Completion of the Well to production will be funded from existing cash resources

The successful completion of the TLP-103C would deliver another $12 million per annum in net revenue (500 bopd)

Hey? That was the lower zones. AC stated he's going for DJENGO. 3000-5000 BOPD ~1/2 of that is 1500-2500BOPD. How did you get to 500BOPD?

TM,

International arbitration within context of KRG PSCs already carried out by Dana Gas and KRG paid out.. As to where the monies came from anyones guess
https://www.reuters.com/article/us-dana-gas-arbitration-idUSKCN1BA272

To clear up the confusion there.

Before AAOG Congo was sold to ZEN, AAOG used SH's money to start ATOG promising it was to be part of AAOG..
But then reneged on the plan and scuttled AAOG into delisting.

On Tilapia didn't AAOG say that the on the ground facilities were not up to dealing with the expect high flow from Djengo. Would cost a bit hence initial plan to produce from higher zones with lower flow. Albeit everything David Sefton said should be distrusted. At least ZEN have confirmed what else AAOG said about the already drilled well.

Sigh post removed again.

Including mine and others.

Does that make the likes of Ingrid happy and able to sleep at night? I would have liked to have heard what Tommy was saying.
Shall I ask Kurdy or GKPI instead Tommy?

The Retort.

Adm Energy (LSE:ADME)
Intraday Stock Chart

Monday 29 November 2021
Click Here for more Adm Energy Charts.
TIDMADME

RNS Number : 9047T

ADM Energy PLC

29 November 2021

29 November 2021

ADM Energy PLC

("ADM" or the "Company")

Further re: Barracuda Oil Field

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, notes the announcement made today by Zenith Energy Limited in respect of its option agreement for OML 141 risk service contract.

As announced on 23 November 2021, K.O.N.H UK Limited ("KONH"), a company in which ADM acquired a 51 per cent. equity interest and which holds an indirect 70 per cent. controlling interest in a risk sharing agreement in the Barracuda oil field in OML 141, was notified by Noble Hill-Network Limited ("NHNL") of a dispute regarding its ownership of NHNL.

ADM, and its legal advisers, continue to assert that the dispute brought by NHNL is without merit and confirms that there has been no subsequent change to KONH's position as majority shareholder in NHNL.

The Company further notes speculation in relation to a payment demand from NHNL for $1.75 million from the Company. ADM confirms that, whilst such an obligation had been included in non-binding pre-contractual documents in relation to the Barracuda field investment, this obligation was superseded and not replicated in the executed contractual documents which do not contain any obligation on the Company to fund NHNL with this amount. ADM's legal advisers wrote to NHNL outlining its position and stated that the claim was without merit.

The Company continues to take advice on this matter and will update the market further in due course.

Enquiries:

OK based on initial reported production for theses wells and working in some declines.
I would say they are losing about 1200 booed.

However the work-overs can result in increases over previous production.

If they can get MX109 back up soon and the new well on the drop will probably be plugged and then some. However will the moment to SP comes back here? No idea.
Hopefully, hopefully before the end of high gas prices - if they end.

Perhaps Krok knows ifwatering out is recoverable of not in gas wells. Partially block off par of perforation this is watering. OR are they changing to different production zone.. OR probably that's plan a followed plan b.
SP dropped on v small volume. See if bigger players take up slack or not in short order.

. Don't underestimate the demand destruction that occurs above circa $80 Brent.

Are you saying that there was a global recession 2011-2015? because of OP?

Apparently the joke has moved to phase 2!
So funny.. LOL.

Right yeah! LOLs.

-50 ? surely - 21!

Krok, one thing that we (or at least I) are beginning to appreciate is Mr Putin likes a good joke!
Massive geopolitical jokes.

.He's quite good at them..

Well we have out our in-house Russia expert can comment on any invasion in prospect?!

This is just allowing previously issued shares in previously announced placements to be transferred/traded on LSE.
LSE currently it down as 300M shares. And as a result ADVFN has MC incorrectly reported at £3M.

Previous issue plus 100odd M obviously!

Right?

Calm yourself , it’s coming , maybe the FDP is taking longer than expected to get signed off and GKP want to put out a Grand RNS to celebrate?

You mean like 6 years longer or 4 years longer?

I was wrong about the 25% rules applying to ENW as well as JKX. ENW is now just listed on AIM so the rule is 10% not in public hands.
However, the continuing listing on AIM is just one mans decision.

"its criminal' - It's just figure of speech. You got the trade right congrats.
This could have easily happened before results as after well done. ..Plenty got sucked in to allow you to sell.

However, the reality is the company was 'selling' its results via RNS's in a quite encouraging way. Unlike elsewhere.

Also SP has pushed up over 60p before now on lower gas price (2018), with many more issues. And only dropped when gas price lowered. However, and apparently critically, the company didn't have the cash to buy itself out till now.

The reality is the company was showing itself in this pricing environment to be a major cash machine. and it was too good to let the minority potentially benefit. And they have pulled the plug. At least even the 54p buyers didn't lose all.

SC thanks for that...

Still don't see why his other shared business interests benefit with the listing.
He could take private and give the gas to his steel interest.

Smart/ENW is weird one a private shell around the public company.
But we know he never wanted to take RPT private in 2012, in 2018 and now...

I'd just like them to state it again!

No protection now OH <20% gets you nothing mate!
All down to Novy IMO.