Member Info for Silverlight

I know you normally trade strong but I’d seriously consider holding these. Anywhere near 3000mmbbs cpr and it has to double. SL

Although It can’t move for months can it Angela! Haha, what comedy. SL

Make that 10.65-10.8 strong. Moving freely now. SL

How50 - yes and coupled with that I can sell several 100k at full ask. Pretty rare on AIM without NT. 6% was taken out of the equation by Kilkenny last week and I wouldn’t be surprised if other large orders are being filled as we speak. It’s going to get very tight here soon and any good news will see a huge short squeeze magnifying the sp with such a small free float and institutions now buying and holding. Although I can easily buy small amounts on HL app, maybe try again! SL

She hasn’t a clue, don’t engage. The worst kind of trolls don’t know dot about the company. Months? Cpr in a week! Do one Angela how many times are you going to pop in with your rubbish. SL

Rights issues are great but too much hassle and expensive so very rare on AIM. If we need cash for an asset quickly it wouldn’t work. All I care about is that there is value in the asset beyond the value of any placing and that a placing is not below the current sp. sL

I see both sides, we need to get the cash flowinh in to become self Sufficient as a priority. However If the right deal is on the table that offers near term or producing assets at the right price im all for it to. However we shouldn’t take anything on too speculative. DS has said as much though, we won’t be looking at any wild cat stuff. Really looking forward to the next week or so leading up to March. It’s one of those periods of time of great antifcaption which generally means significant rises. SL

Powering into close big week ahead CPR bring it on! Can’t see this under 16-17p in anticipation. SL

Sell not seek

First time I’ve been able to dummy seek my entire holding which is several hundred thousands shares. If you can dummy sell that amount it a reason not to sell! Demand is growing. SL

Moving fast - 20p before CPR and 30 after. SL

Marine they are not establishing a holding bit by bit to dump at 12p! They will be in for the long haul and the dividends. 4% buying now is 8%, 12% at 20-30p etc that’s what they will be after. Nice annual high dividends. As am I. SL

Sell price higher than buy 10.55 -10.52

Obviously one step at a time, but now we know the answers to many questions, investors can at last start to put real projections together. Frustrating that David has not put all this into RNS’s so it’s easy and clear to understand but then the SP wouldn’t be where it is, if he did. My own personal opinion is that David has grown very fed up with the retail market, with its twisting and short-termism. You could argue, that this was due to his own actions, as the shares that have entered the market have largely fallen into slippy hands. As many as 20-25% of shares are slopping around, immediately stopping any sustained rise. To counter this David has been presenting to HNW investors. We’ve seen this bearing fruit with a holdings RNS. As more and more of the slopping around shares enter into sticky hands the SP will be become more and more variable to the upside. The strategy of doing this prior the release of share price enhancing news (CPR, FLOW etc) is good and will maximise share price increase. The share price will respond, when is impossible to say, the intelligence of investor on AIM seems to be at an all time low, preferring to use it as a gambling machine however quality and revenue will focus the mind of investors as the share price moves up.

PR: David has confirmed several times that the CPR will be released in the beginning of March. A figure of 300m barrels for the R1, R2, R3 New zone 1,2,3 and Mengo is expected. David has also heavily suggested that the Djeno field is similar if not the same as nearby license areas, which contain in-excess of 1 billion barrels of oil. This will obviously only go into a CPR when 104 is drilled. Funding: Is has been confirmed multiple times that funding is not going to take place unless it’s for 104 and or a new oil field. Any new oil field will be a payment of shares imo and David would be foolish to do this until the share price is much higher. It has been confirmed that 104 will not be planned until production is underway. Given all this funding will NOT happen until May at the earliest. A loan against production would be first way of doing this anyway. 104: A possible rig has been identified (from the states) and a late summer timeframe has been floated. This will target the Djeno sands for production and Vanji for exploration. Production target will be 5000bopd. Product: David has confirmed that oil samples have been taken and the API is 39-41, light crude. Price has been confirmed as Brent, with an $18 cost per barrel. David has confirmed that they have already spoken to the major offshore Djeno terminal about Djeno production later in the year, they have confirmed that Djeno Heavier oil is required and they would like to take whatever AAOG can produce. Revenue: SNPC have paid $663,000 to AAOG, after electing to pay rather than give away ownership. This is good news. A short repayment plan had been entered into. We know that the expected production is 1500 bopd we know the price and the profit. 1500*(brent-cost) * 30 = cashflow profit pcm 1500*(67-18)*30 = $2,205,000m pcm Given roughly 55% of this is AAOG, we get a figure of roughly $1.2m. This is perfectly in line with David’s insistence that the company will make pro rata, $1m a month cashflow. To add to this we have an agreement for SNPC owings to be paid out of revenue, even if we have no extra money from them as per the repayment plan that gives AAOG $2.2m a month, possible $2.7m a month if SNPC make a $500k payment a month as per the repayment plan. So where does that leave us? February License renewal to 2040 by SNPC, now to happen as financial terms have been agreed. March 300m CPR April Flow test and production start. May Money flowing in. April – July $9-10m flowing in, money partially used to pay for topside enhancements for Djeno production. August 104 Drill? By end of 2019 – Djeno 5000bopd to add to 1500bopd, $13m a month pro rata to AAOG $7m giving $84m a year profit…MCAP $500m plus as the Djeno field and further holes will be in the works. Obviously one step at a time, but now we know the answers to many questions, investors can at last start to put real projections together. Frustrating that David

I’ve not been too involved with AAOG recently. About two weeks ago I created a list of questions I had and none of them were being answered. I was rather annoyed by this as well as how much was left out or unclear in the RNS’s released. However thanks to the last few RNS’s and the wonders of the internet and David’s presentations, many of these have been answered. I am finally able to comment without having to say that everything is uncertain. So what do we know. Geology: R2, is considerably better than they expected. Importantly the pressure was better (being the same as 101 when that was first drilled) and R2 is a compartmentalised system. The expectations from both SNPC and AAOG geologists are that it will flow at the 1200bopd for 12-18 months which is the same as 101 flowed. Mengo, is not quite as good as we might have liked. Although larger, SNPC have estimated 300-500bopd, rather than 700-800bopd. It will be fracked (simulated) once using latest technology. This won’t be done using the rig, but will be done using Schlumberger’s own equipment. The equipment will be on site end of March beginning of April due to a delay their side. Fishbone technology won’t be used to keep things plain and simple and to follow guidance from SNPC who have multiple successes now drilling into and producing from the Mengo. Djeno, the drill only reached into the upper Dolomite section of Djeno. In this section a working oil field was observed. Trap, seal etc were all in place. Down hole data indicated a working oil sands system below the Dolomite, this was backed up by SNPC and their knowledge of Djeno in surrounding fields (being a part owner in surrounding field SNPC geologists are experts with full field data). Given this the depth of the Djeno can confidently be assessed as 100m> CPR: David has confirmed several times that the CPR will be released in the beginning of March. A figure of 300m barrels for the R1, R2, R3 New zone 1,2,3 and Mengo is expected. David has also heavily suggested that the Djeno field is similar if not the same as nearby license areas, which contain in-excess of 1 billion barrels of oil. This will obviously only go into a CPR when 104 is drilled. Funding: Is has been confirmed multiple times that funding is not going to take place unless it’s for 104 and or a new oil field. Any new oil field will be a payment of shares imo and David would be foolish to do this until the share price is much higher. It has been confirmed that 104 will not be planned until production is underway. Given all this funding will NOT happen until May at the earliest. A loan against production would be first way of doing this anyway. 104: A possible rig has been identified (from the states) and a late summer timeframe has been floated. This will target the Djeno sands for production and Vanji for exploration. Production target will be 5000bopd. Product: David has confirmed t

im still here. just not much to say until there is something tho say! long and strong, SL

And they are not traders, they won’t be selling out until £1+. Even less free float for the traders every day now. Soon you won’t be able to buy back in if you sell. Hold. SL

Kilkenny bought more! What do they know the price should move on this news. Follow the money. SL

Depends when you buy of course so you can’t genrelise, I’m in Angus at 5p and omi at 6 average so doubt they will take long to turn. But am not a LTH in both for the next couple of years. Here average is around current sp and again in for the long g term. SL