Member Info for Strongman

Buys outweigh sells by a long margin. Book was false, most of those 9.80+ that look like sells are actually buys.

Wednesday or Thursday IMO. Steady as she goes, high pressures are a big clue and positive for me at this stage.

The Djeno
sandstones have been in production since 2013, and this reservoir is emerging as a potentially prolific
production horizon especially in the recent gas discoveries with oil rims of Nene-Banga and Litchendili and
other discoveries within the Marine XII licence operated by ENI. Testing with or without fracking has achieved
over 5,000 stb/d from wells in this area.

Posted on Twitter:

Morning David can you confirm if we have intersected the layer yet.

David: "We have not-they are taking it very carefully on site with the pressures.

Kind regards,
David Sefton
Executive Chairman

This is what we want to see, high pressure as we move to the top of the djeno. This could be a clue to what is coming over the next couple of days.

''The Djeno sandstone in the Tilapia structure is predicted to be gas with an oil rim.

Most of the wells drilled near Tilapia showed the presence of wet gas, probably associated with a producible oil
rim as seen in the Néné-Lidongo trend.

Significant recent discoveries have been made in the Djeno sandstones. The recent gas discoveries with oil
rims of Nene-Banga and Litchendili (Figure 4.3), and other discoveries within the Marine XII licence, account
for published resources (by ENI) of the order of 1.5 billion barrels oil equivalent in-place. Testing with or
without fracking has achieved over 5,000 stb/d. The Nene field is less than 20 km further offshore to the
southwest of Tilapia and the development project is expected to reach a plateau rate of 140,000 bbl/d
(Operator ENI). The Lidongo discovery also achieved 5,000 bbl/d after fracking.

The early Djeno discoveries in the ’70s were gas and condensate fields, Banga and Litchenjili. More recent
drilling has shown the potential and value of the oil rim in these structures. Several wells in the NeneLitchendjili field areas have encountered oil rims.

Here is the full text (text message) from Friday Tilburn:

''No nothing wrong. I have stopped responding to all messages as they were being used by people to manipulate the situation. Obviously not saying that you would do so but it's easier and better for everyone if I let my work do the talking.''

Oilriches

The recent placing uplift takes in the 103 to completion, that also includes perforation and flow. It also include a contingency in the new budget. Mengo is a strong performer in other wells, and it was declared that the team have looked at the data and concluded this has all the characteristics to be the same. I would rather go with boots on the ground report back from Schlumberger then bulletin boards.

Your sp and placing remarks are your opinion and you are entitled to make them of course, as am I. Only difference is, I am a holder while you are clearly not lol.

Morning bonkers99

No doubt a few of the overly zealous trouble makers will be climbing over themselves to counter the post with some type of doomsday event reply. Expected though I guess LOL.

Also to bear in mind is who is this buyer. Friday was not a one off buy, as we have seen someone lifting these in large numbers all last week. DS did say last week we may have a institution buying, but I put this down to Miton Group increase of 5.5m, but that stock came via placing and not open market. I do see further TR-1's coming soon, which may give us some clarity. Fridays buy at the high of 10.70 was a bullish buy order which would have been set at 8am. That means that the buyer has asked a market maker to get this order filled at best and asap, it was certainly not a worked buy order through the day. Between 8am to 9am the book would give minimal quotes only, IG told me this was due to no stock available at the time, now we know why.

If a institution is taking a position or adding to existing holding.then they will not be fussed over a few pence here and there to achieve it.

Friday morning, we have seen what the market makers are capable of. They had the 2.2m buy order, but they held this at 10.20 to feed it first from the left over placing sellers who had a sell order in at 10.20. And then they raided the nervous shareholders for the remainder of shares required to complete the order. The rest was just pure panic, driven by misinformation and speculation from the trolls and re-entry seekers on the afternoon session. Seen this many times before, AIM will do what it does, it never changes.

Good luck to those in, the rewards could be very good, with potential double bagger to be had if they strike the black gold. I am in for the ride, and not fazed at all at the current share price. For those out on Friday, get the popcorn and watch the show, that is all you can do now.

I also had a conversation with both James and David on Friday evening. James has stopped communicating with shareholders as he believes his reply's get manipulated the situation, his word at the end were simple - ''it is better for everyone if I let my work do the talking''. That is a fair comment and quite a bullish one at this stage imo. David cannot believe the amount of misinformation and fear mongering being spread across these types of boards. The simple truth on Friday is that we had not even entered the Djeno at that stage, but so many were mirroring the share price to dry Djeno as fact or leak. Not sure why so many trolls were operating Friday here and on twitter, but shows that they were working their own book really.

Now the pad move in the early days, means that the second pad was positioned to hit the djeno at the apex of the horizon. Given that the geo so far is a few metres in range, is simply incredible. They will be into the djeno today, if they have not already sliced through it yesterday. It will then take a day or two to get through the horizon and also to report back if any hydrocarbon shows are there. I myself am confident they will hit the oil here personally. I say this as small hints from site have already been given this week, comments such as 'oily on way down'' and ''onsite confidence is high'' is what you want to hear as you get near the horizon imo. I expect Tuesday or Wednesday to be news days on djeno myself, given the above estimates of djeno intersection.

To me the well is de-risked already, the dips and peaks on the share price is more to do with recent placing and speculators on the share, exacerbated by the fear factor being spread by those who want it to fail. Mengo production will make it cash generating well, which means the continuation of the drilling plan is now financially approved. No djeno and you may see a temporary pull back to 8, before it bounces back to mengo confidence. Lets face it, it went to 18 just on mengo and r zones only a couple of weeks ago!!!

People seem to have forgotten one thing here, the company is still debt free, the recent placing loaded up our cash position adequately. Yes it may have been a pain to have the placing mid drill, but some forget that they placed higher then Sandabels 6.36 conversion and higher then last placing at 8.00. All this and kept the company debt free, which means they now have options for the further drill plan in the future.

So for me, this week coming is a choice between seeing the share price retreat temporary to 8, before bouncing back to 9-11 range after on a no djeno oil hit. Or opening up at 18 and probably going to broker targets of 32 on the same day on a djeno strike. Risk to reward, it is a no brainer from the current share price.

18-Jan-19 08:36:05 10.70 2,200,000 Buy*

It is on my level 2 showing back at 08.36am today. Some just don't want any positives I guess. Game on for next week, Monday to Wednesday IMO for news.

Highest sell today was 10.50, it is a buy and was expected by some of us, when we saw market makers gathering stock big time at 10.20 at the same time (08.36am)

New high set for the day at 10.70 at same time.

After that all market makers have done is pick pocked the weak and nervous all afternoon. A lot of pi's have been turned over willingly today. That is AIM for you.

The 2.2m buyer knows what is coming for sure.

Surprised at some folks. The RNS is next week and no one knows the exact day yet. I hope its Monday, but expect it early part of next week.

Look forward to next week.

Good evening all.

Yep target was the ask of 9.70, and they worked it down with all sizes today. Most on the side could be locked out of a RNS Monday, if it were to come. Djeno news and it will open up huge.

I am in position and happy to see it in now.

It has been worked down to this level, fully expecting a good close today.

Added on the 9.70 line, that is where they are aiming for today.

Much better, now 3 v 1, with both main mm (WINS+JBER) on high bid.

Same, have a quote for 500,000 @ 9.96, looks like someone has a buy in.

Large buy order is working the 10.20 at every opportunity.

I think its a case that some do not know the difference between a RNS and a RNS-R