Member Info for SQ320

Seems more like pumping here and dumping stock. SP reaction very muted compared to the rocket emojis ...

In the 2020 annual report they said:

In the near-term, it is APT’s aim to shoot a 3D seismic survey over a significant footprint of 454 km2, far in excess of the minimum commitment, during 2021, following in 2022 with the drilling of the Chikumbi-1 appraisal and exploration well.

They are currently going for 338km - anyone know why the decrease?

Also in 2020 they were hoping to shoot the seismic and go for CH1 in 2022. The time scale is now much more compressed, everyone here ok with that?

Isn't the constraint here the price the government will pay for domestic use.

But they are shooting 338km2 of seismic, that's some area!

There seem to be two different objectives here. The first is to know what is below CH1, surely that does not need all 338km to be mapped? The second is to assess the rest of the land.

So I'd imagine that the information they need to drill the CH1 well, should surely be known in a matter of weeks (rather than months0? The rest of the seismic gathering exercise would surely be to identify subsequent targets.

What you are missing is that the buy-sell analysis is a guesstimate.

Worth remembering that the buys today (say half of those traded) amounts to £120,000), peanuts in the overall scheme of things.

This will motor when the serious money arrives.

Here's the tweet

https://twitter.com/sadaatumar/status/1487028330759180296

I am seeing a few 'professional' traders getting in at current prices and broadcasting it on twitter. Would not be surprised if they help get the message out to others in due course - which is when the herd will arrive.

No doubt the traders will start selling into those rallies having 2x or 3x (+) their money.

malcy used to be promoting AEX, now he's bigging up WEN. I wonder if he feels that owning WEN is very likely to give access to the 25% of Ntorya as well as proven management, production etc.

What's wrong with Petrofac?

Read the OP the end, all these posts are a pump for Serinus energy.

It does not stack up because the software that tells you whether something is a buy or sell, is just making a guess, based on the price paid, it can be wrong!

I think the spread was quite narrow today times and that could explain it.

The spread just reflects the fact that it is thinly traded. As volume picks up it will reduce.

Then again anyone buying at these prices and at this point in the story is unlikely to be the sort of person interested in a 10-20% gain.

In much the same way when Santos agreed to the 3m options at 0.6p he didn't have in mind the idea of flipping them for a penny something.

Yes, I must say that I am stunned. There seems to be considerable selling and then a buy pops up at 26p (which was yesterday's close). How it managed 26p yesterday was a surprise.

I don't mind it grinding up like this (rather than shooting up), since it may avoid a chartist coming along later saying that a 'gap needs to be filled' i.e. going back down again and rebuilding the rise.

Last year at the end of Jan there was a trading update, has there been any indication from the Co that we'd have one this year as well?

You can make one using Lego:

https://youtu.be/xwyZendaF0o

On Thursday I think someone got wind of an RNS and started buying, not realising it was just for options.

OTOH I have noticed how Directors tend to award themselves options around the bottom of any share price. So I'd see it as a bullish signal.

For the sake of argument lets say someone expects this to reach the dizzying heights of 8p. Buying at 0.8p gives you a 10 bag, buying at 1.6p gives you a 5 bag, to get to the same 10 bag you have to hold out for 16p.

OK simplistic I know, but it explains why fear-of-missing-out early on in the rise can be get people to jump on off the back of no news.

We' ve had similar volume 3 days in the last 6 months ... but another couple of hours of trading to go. Related question, the RNS referred suspending drilling for the rainy season.

Here's the weather outlook for Ruvuma, does not look very rainy to me. Unless it really tips down when it does rain.

https://www.accuweather.com/en/tz/songea/314458/march-weather/314458?year=2022

Yes, I'd have expected some of the placing shares to be shorted, so their sale is in the price already.

The game being played over at SAVE is to buy majors' interests in O&G assets that are being disposed of cheaply. Is there not a case for AEX being a vehicle for ARA to raise cash and play a similar game in East Africa?

In previous AEX statements I found the reference to finding other assets laughable, but there could be an opportunity here.