Member Info for oilmanmike

Ok

Now that is very interesting Bear.
Do you know which event he will be
at?

sounds like it's gonna have to be a good excuse there Brig0.
WTF you gonna do when this ship really does come in.
I reckon with a good headwind it will be hitting 2p to 3p as
we confirm the reserves and flow > 2000b/d. Farmout for
Cameroon is an instant 1.5p Imo.
Big big wild card is Exxon and a good possibility they will
farm in to our blocks. Then there is the 362m bbl recoverable
target in SA. Total springs to mind.
Well thats the bucket list which will blow the roof.
Holding 4.5m shares here all my profit from Rockfire a couple
of months ago.

Brig0
04.110 N
008.110 E
There are 2 undisclosed vessels at the location now.
These are MV Investigator and safety ship Judge.
Happy Days

Jim seriously do yourself a favour here and pick up a few in the morning, even just for a trade.
It will stop you feeling it when this starts to take off. Namibia is a little longer term and if I am correct profits could go towards some more love for you baby.
Anyhow thanks for the tip re coords

N 04.1492
E 008.7561
Are the approximate coordinates for the Njonji 3 well.
As Jim has noticed sometimes the ships move around in
Goast mode with the current position cloaked by calling
them Tugs or special craft. There are two ships at the above
coordinated which suddenly appeared near to where MV
Investigator and Judge were anchored, they were heading
in the 11 o'clock direction so I decided to track them.
Sure enough after three or four hours they arrived and stopped
moving. In the meantime a more recent position became available
for Investigator which has nearly caught lip with itself whereas Judge
appears not to have moved. BUT as Judge is the safety boat it will
undoubtably be with Investigator. Hence my conclusion.
Either way the Investigator is there anyway.
There Jim Cameroon ship watching can be fun as well. I know it not
your favoured Namibia must you could adjust

Jim I cannot see then on the company website, or any asset map. Sure you are not getting confused
with you fave GBP?
Luckily Brigo the ship is at the site now (or thereabouts) so I will make a note later on once I am sure she has stopped. Anyway I reckon the survey is well underway now and if I am correct we are now
moving slowly towards the spudding of Njonji 3.
Go on Jim pick up a few in the morning it's worth a couple of grand at least. Otherwise you run the
risk of kicking yourself if I am correct on this one. Don't forget I used to manage the Dana pension fund back in the day!! Good evening.

MV investigator back out at the well site again.
Game on Imo
Jim buy a few just so you don't get bored over
on the GPB board!! Seriously though I think
the move TRP had a couple of weeks ago is
Cameroon related rather than Namibia and
so any money made here in the run up to the
drill can be reinvested in GBP which will be
the more leveraged Namibia play.

coslseeker
with no space!!

The commencement of the main survey (previous trip out was a safety inspection of the old well Imo) by MV investigator has to be the beginning of a an exciting and highly profitable journey here.
My reasoning is that the farm out partners we have lined up required two further boxes to be ticked
to sign on the dotted line.
1) was the overdue license extension from the Cameroon Govt. This has now been signed off.
2) is the completion of the final survey to rule out any rig positioning problems going forward
which could significantly increase drill costs.
Now for some reason the MV Investigator has not yet departed for the main survey.
Possible explanations are
a) we are awaiting parts which in the Cameroon need to be flown in then cleared through customs.
b) that having secured partners (funding) for the majority of the well costs of £12m Asher is waiting for the go ahead from the last entrant into the block. Or may be waiting to raise a small balance at
a higher price which will be resultant from news on either Namibia or South Africa both of which
have the potential to propel the price far in excess of 1p
c) it is simply a question of timing, as Asher has said, on multiple occasions, TRP has to accommodate the time tables of the farm in partners.

Thats the way I see it. MV Investigator is the key short term IMHO.

was gonna say there has been a seller this am, probably a T20 needed closing.
The stock was snapped up pretty fast Brig0 took some a he thinks it's rude not to.
Also slightly in stealth mode holding 4.5m last month or so!!
Problem would be having to explain all that cash if this goes the way I feel it will!!!!
Depending on Wife, good problem to have.

Now sitting on the Angola/Namibia border!
The US players seem to be taking this very
seriously.

Wrong board parp

Good morning Brig0doon,
Interesting detail you have added to the rather boring job of monitoring the MV Investigator!
Selecting Sat view I can now see what, after you post, I assume to be fuel storage tanks on the
dock close the the berth the ship is now moored at.
That is not to say this will turn out to be another in a long line of false alarms!!
It will move out of port soon and this, IMHO, will lead to a strong second move up here.
We have seen how fast this can be. Expect more of the same.

nice to see some buying down here on a
bad day for the market, AIM and oilers!!
Those that know the story here are happy
to add.

nice !!

fair enough Bear.
It all depends on
whether or not we
have our begging bowl
out or not I suppose.

No that is incorrect Bear.
He clearly states that with
such a low valuation that
farm out is his preferred
route.
I see what you are trying to do
here but IMO this is as low as it`s
going to go. Even then it is due to
poor market conditions as evidenced
across AIM this week. Lets agree to disagree
on this one as time will tell sure enough!!

this will be over 0.75p very quickly.
Reason is this.
Farm in partners want to check the well
costs before committing. They should have been
able to get the funds together over the last 6 month
additional delay. JA will send the ship when he has
the nod from farm in partners IMO.
Then on satisfactory survey results farm out will proceed.

"Nope he hs ruled out equity to fund the well. He has not ruled out a small equity component..."
Well which is it. The two above sentenced are contradictory.
He has ruled out equity to fund the well in several interviews. I am not aware of him having said
a small equity element to the well funding is an option. Perhaps I have missed that interview.
Got a link?