Member Info for Strongman

This zone hit de-risks the well immediately IMO. Proven reserves step up and new CPR will be added. After that we have three more zones possible on this single well, each with a company making potential.

Much better, 3 v 1, 7.525 v 7.70

Looks like a good afternoon in store for us.

Bid and ask rising, we seem to have a slow down on the selling today. Whether the short is now seeing a waste of ammunition against a wave of buyers, or a seller done, well soon know. Would like to see a 8 print before news, it deserves that for sure.

Spread starting to tighten at 7.40 v 7.615, bodes well.

Better strength this morning, mr 50k is starting to pee in the wind now. We should establish a better platform pre news.

I have emailed the company this morning. It would seem that Sandabel have not issued a obligatory TR-1 holding RNS.

Fairly high chance in my opinion. The weather was better yesterday, so they would have made progress. Lets see how it goes, but not long now.

https://www.energy-pedia.com/news/congo-brazzaville/anglo-african-oil-gas-awarded-new-licence-covering-the-tilapia-oil-field-173014

https://twitter.com/Killer___Clowns/status/1070040639428005888

Ah good link gmcc. Intra day possible then tomorrow, that will keep people on their toes.

Personally I expect a RNS on Tuesday morning, rather then tomorrow. No issue at all in waiting for it.

Alexios

You asked:

Next weekend wireline logging for both R and Mengo zones???
R zones at ~1200-1300m and Mengo at ~1830-1850m,
Over 500m to drill to Mengo zone yet. They are at R zones this weekend. I don't see them being able to drill down to Mengo in 5days, I know Sefton mentioned 5days to drill from R's to Mengo, that's ~100m/day, possible I suppose...

That was a good question, and one I asked earlier from Sefton, here is the reply:

In these recent layers we have been drilling at 10m an hour, so yes very possible



David

https://www.youtube.com/watch?v=SfazJ6P_g7w

Not the end of the week we expected, but outside forces at play to pin it down. But no issue for me, markets wants to give zero value to this well, then no problem. On Monday/Tuesday lets add the oil from the R1/2 to MCAP. Then Wednesday lets do the same with Mengo. Then we will see where the share price is. No lift in share price pre results of horizon, will turn it into a bigger lift post horizon results.

I am in for both horizons and will reduce a little for last one. Fully expect to be in mid teens at the time though.

See you all next week, it could be a good Christmas run up.

YODA, Not going to explain the mechanics of the market to you. You have made your fiver and moved on here. Therefore you are probably bored and want to pick an argument, rather then debate. But do carry on, each post you make does more harm to you then me.

Do have a nice day though.

LOL ok Yoda, whatever you say.

Sold most of the stock I had after last RNS, but kept a small portion in. I do not believe this is the end.

RT AlignResearch "Ref Cradle Arc #CRA Spoke to Mark Jones this morn. Company is hopeful for a positive resolution. Important element is that potential administration relates to Leboam in Botswana NOT UK Plc parent."

Now flying, looks like OPEC came to a deal. Bodes well for oilers today.

Bid rising........

Not really working out for them so far though. I work out average dump today is around 7.22, but market makers wide spread ask is 7.325 to currently buy back. Be nice to lock them out with some buying.

Very possible BarkingCrazy, it does happen. Sandabel are not known for adhering to regulations in regards to disclosures. They can get around this anyway via market makers willing to take a slice of the action.