Member Info for oilmanmike

The way I see it is that ex boss Peter Taylor although a very successful Oil and Gas 'company builder' got wrong on the WW1a well. The target was water bearing, poor quality sandstone.
He will probably redeem himself when they drill a deeper well but as we all know that is of no help
at this moment. So out goes PT and in comes Asher. Asher very skillfully repositions the company
by successfully diversifying into SA and the Cameroon. Then he encounters the drop from $110+ to
$30 which proves to be one of the toughest periods in the E&P sector in living memory. Still he ploughs on, his resolve strengthened by his considerable business experience and acumen.
Then as the price drifted lower and the Cameroon project was advanced by reprocessing old seismic he sees an opportunity, participated in a placing at 0.7p for 14% of the Company.
Time passes and the stock trades sideways then the market gets wind of a second (most recent) placing and it drops from 0.7 to 0.35. Asher steps in and takes his stake to 27.3%.
IMO Asher would not have gone in a second time for £700,000 if he were not certain of the outcome.

OMM

123 trade first thing then a 312 trade!
I think these sales are punters who bought
at the peak of the Rep/TRP drill in 2014 when
312 shares cost £1,500 odd and is now worth
just £1.40. OUCH not being flippant but that is one
hell of a drop (99.9% being the fall from 500p to 0.5p)
and I have every sympathy with the few poor individuals
who have fessed up to having been though the mangle.
HOWEVER
Venturing another £500 at 0.5p targeting 2p as an exit
will recoup your original outlay.

Mook he was talking about the Repsol/TRP drill in 2014.
I assume the hot comments refer to the BOP (blow out preventer)
which had got to pressures and temperatures which led to the
shut down of the well. What they are saying is that could be an
indication of Oil and Gas lower down in the Geology.
That is my layman's take on it as my Oil status is 38 years in the
oil and gas sector 20 of which were as a fund manager.

I think you have misunderstood me.
What I meant to say is that given where we
are there would be little point in presenting nothing
new. Therefor if there is some new detail on the Cameroon
it will be RNS'd before hand. And before the trader trolls
chip in (hopefully not as they are bust elsewhere) with
placing fear factor negativity Asher is straight down the
middle and would not dream of a pump and place.
If you check he has been on record talking about the need
for funds before the event. Although he did stump up a big
chunk of it himself so a sinic may argue this time around
it could be different. Who knows, you can't win until the fat
lady sings.
Hopefully this is all double dutch to RK13 and his google translate
will leave him just as complexed as he has left us. Even better he did
open a second account from the same IP address and he has now been
banned. Time will tell. Probably the next 24 hrs will confirm on that.
Wish it was only that long to go here!!! Soon will be.

Does anyone else think there would be little point going to the trouble of organising/participating in a presentation were you were the star turn if there was nothing new to report?
Given where we are in the cycle in terms of the much anticipated/awaited NJOM-3 well I cannot
help wondering.

Repsol were drilling the well. One of the larger boys!!
I also think like Jim that they missed the target but it may
well be that a Major will take their time and gather data
with a well in different location. Just the farm in By Exxon
will add multiples for both.
It is really just a question of whether we get a leg up from the
Cameroon before any Namibian news lands.
Now that really is pure guesswork

Jim I agree that Delta is a very good prospect and that the poor quality sandstone encountered (water bearing) could well be a seal over the underlying reservoir.
I do not understand why given that they got 80% down to where they needed to be and decided to abandon the well why they would return so soon when valuable data could be obtained from a drill in a different location. GBP does need to drill this first as as you have pointed out just the farm in propels them into the big league. Any Major would want the TRP and GBP blocks but may well decide to drill else where. As you have observed they are interested in the 1000m depth further north in Exxon territory. That is not to say it may or may not be in GBP's block.
Please do not take this as a rebuff it is just a statement of the way I see it.
I find you Namibian input v useful and you are ahead of the curve there.
ATB OMM

Guys it appears heha joined today and his first post was in support of his dear friend Rocket13
Filter both and even better for suspected duplicate accounts
Fatal mistake but given the form was coming sooner or later.
Goodbye Rocket13(heha) ............hey ho!!!!!

thought that as well but what's even funnier is the link to a 2013 presentation (pre Repsol drill) that he says is the reason why he is back in!!!!!!!! Couldn't make it up.
This guy is the Frank Spencer of AIM IMO.

this is not a response to Rocket as I have him on filter, BUT
last trade of 0.5299p (13:09:23) is up on last nights close of 0.5188p
so my screen has gone blue/green :-)

I am now filtering the pest

won't need much buying

Rocket can you stop talking nonsense to yourself you are damaging the board.
Or is that the idea?

well that is normally how it works when there are a few sellers around.

Any funding Rocket will be a small balance to get the farm out off the ground and will be at a price of 1p+. Now that is 100% north of here. If news of this gets out the price will rise not fall.
This is because the farm out will be confirmed and the drill schedule announced.
You really are looking at this from the wrong perspective Pal.

I am trying to compose a list of the top 10 high impact drills for 2020 and the associated Junior Oilers which have a share.
BPC and 88e is as far as I have got as certainties.
Any suggestion would be very helpful and I would share
results with the board. Also an area to look at is juniors
set to benefit from success on high impact drills in adjoining
blocks, same basins scererio.
TRP will be on this for Namibia AND South Africa
GBP for Namibia.
All suggestions and any detail to follow up lead appreciated.
With all this info now controlled by the SM bloggers who want
money I thought we should cobble together a free one.
Also if you are active on other boards/Twitter then put out the word.
Many Thanks

I really hope this rises before the resident toon gets back in!

off radar atm sitting in the Gulf of Guinea about 600 clicks from the NJOM-3 drill site.
It will need to be towed to the location which is a 4 day trip at 7 knots.
I and others will be keeping and eye on her location for sighs of any vessels in close
proximity to her position.

Gonna wouldn't like to see you lock yourself out trying to lock out our new KIA trader friend.
Anything below 0.5p or thereabouts seems about the limit of the decline given what is coming
down the line

wouldn't surprise me in the least if we don't have another RNS later in the week words to that effect