Member Info for Strongman

LOL for sure cash2, I am forever getting that wrong.

10.15 mid finish, well done folks, but only the start of a slow and supported rise. Hopefully all the way to Djengo. Oil down and markets down and we still out performed.

Better be quick, bid just moved up.

I think so DM, this volume has flushed a lot of profit takers and positional plays. It is consolidating the 10's, and this should be a good platform for tomorrow, to resume the rise. The techs will again be reset here, as they were last week.

JBER back on high bid, and some large delayed buys now showing from earlier.

Well spike if he was excited about the R zones, imagine he will be all over the place with Mengo and new horizons. Looking forward to it.

When market makers need extra time to match orders in a auction.

spike912

I had it confirmed today that there is a interview next week. They would have done it today, but media company are closed for the holidays.

On the placing, will only place minimal amounts and only if required, but big caveat, it they will only raise into a rising market to protect shareholders. No plans at all at the moment to do any raise.

Much better now, sellers can only sell once and they have taken the 10-11 range. Much much more in this share to come.

Added more sub 10.00. Unexpected after that news, but welcome nevertheless.

Mengo comes in ahead of expectations
AAOG ending the year on a high, encountering oil and gas in the second of the
three target intervals for the TLP-103C well, the Mengo. This zone looks to be
larger and have higher net pay than expected, plus three new potential zones
were also encountered. Wireline logs will be run to evaluate all the zones before
the well is deepened to the Djeno exploration target. This news goes a long way
towards de-risking the Mengo, which was ascribed a 60% chance of success in
the CPR. However, this is expected to be a tight reservoir, so stimulation and a
flow test will be needed to fully demonstrate commercial viability. Nevertheless,
our 17p/sh risked-NPV estimate for the Mengo alone rises to 29p/sh if fully derisked, demonstrating the material upside potential on offer from this well. After a
troubled start, this well is starting to deliver.
?Mengo comes in. AAOG’s TLP-103C well on the Tilapia field in the Congo has
encountered hydrocarbons in the second target interval, the Mengo, again confirming
AAOG’s geological model following the earlier R1/R2/R3 success.
?Net pay ahead of expectations. The well intersected a 104m gross Mengo interval
with oil and gas shows across 50m of sandstone. This net pay is thicker than
expected, but will need to be confirmed by wireline logging and downhole pressure
readings. The original Mengo discovery well in 2006 encountered a 38m gross
column (10-15m net pay) with oil shows and movable hydrocarbons in the Lower
Cretaceous Mengo sands. The well was not brought into production as the necessary
production enhancement techniques were not available in the area at the time. Since
then, however, well-stimulation techniques have become widely available.
?Potential new pay zones encountered. The well also encountered three new
potential pay zones between the R2 and the Mengo, with positive log responses and
hydrocarbon shows. These zones were not encountered with the original Tilapia
discovery well and their potential will be investigated via MDT logging.
?Wireline logging ahead of Djeno. AAOG will pause drilling to undertake wireline
logging to evaluate all of the zones so far encountered – R1/R2/R3, Mengo and the
three new potential zones. Following this, drilling will continue towards the deeper
Djeno exploration target. The Mengo was given a gross best contingent resource
estimate of 8.1mmbbls in the CPR. We estimate a risked NPV for this resource,
assuming a 60% chance of success, of 17p/sh (29p/sh unrisked). The wireline
logging should go some way to de-risking this prospect,although a flow tes t will be
necessary to fully demonstrate commercial viability

No issue here, first hour 9m volume, moving out the old and stale. This will be a good day here.

This well is fully de-risked this morning imo.

Additionally, three new potential pay zones have been encountered between the reservoir R2 and the Mengo. These zones, formed by sandstones, showed a positive log response and hydrocarbon shows. They will be investigated with MDT logging to test their potential. These new zones were not encountered in the TLP-101V, a previous well already producing at the Tilapia site.

Game on, well done to those that held.....................

Good finish at 8.90 mid price today. Front foot finish and now bodes well for Thursday.

Merry Christmas everyone.

Yes, we will keep drilling until we are through the Mengo, which we expect to intersect late today, at which time we will pause ahead of wireline logging. We should be able to announce initial results (not wireline) when the market re-opens on the 27th.



All the best,



David

spike912, sorry to hear about your other oiler (I know which one). I hope it comes good, or at least you make it back here in the meantime.

Now that is what we wanted to hear this morning. Mengo today, RNS Thursday.

8.824 printed, should be a good morning before close.

Looks better now, grabbed a few more this morning on that shake. In full position for Thursday, where I expect a morning RNS (does not have to be 7am).