Member Info for theiceberg

It was all just opinion.
But does happen. See bcn where they sold a chunk of ownership and the also did a private placing to the company.It's a win win. David (why are they always david), has the authority to issue 10% and this would be easy to a long term holder..
Imo 60% of the time a company has a tight vwap leading to news there is a reason beyond normal market mechanics.
Anyway we will know next week

On I agree.
The low volumes make It far easier to keep the vwap in a tight place.
When I say buy in for 10% I am talking about an 88e agreed placing as part of their agreement not on the open market.

But surely we are being positioned.

It's no coincidence that the so is trading in a very tight frame..below 1.02\1.03 island we get large buys. Above 1.04 and we get sells leading into close. Ditto asx.
Normally I would say a managed vwap.
In this case I am thinking that the farmee, as well as taking operatorship. Is also possibly buying into 88e with a 10% shareholding. (This does happen).hence the managed vwap.

Totally an educated guess. But with complete sign off not quite done by end of June.
With the decision panel\steering committee at alaska.gov only sitting twice a month for ownership\operator transfer.
Then the earliest decision from them would be last week\this coming week.
Eni didn't want to announce their latest North slope news until this transfer had taken place.

No need for any theories or panic. Just good old waiting.
Imho the most likely week for news will be this coming week and I've always though that.

It's nothing to do with trolls.
It's everything to do with existing shareholders inc myself complaining about the possibility of forward selling and short
Positions

https://icebergshares.blogspot.com/2019/06/aaog-jokers-and-clowns.html

and yes, alot of the Jokers are on here.

We best asx one day volume in 1m 6 seconds

I'll give a few honest answers to some questions.
1. djeno is better than mengo for a host of reasons. Mengo and r2 are fast decline so after 12-18maybe would fall back to 500bopd. Djeno is not. Djeno is gas pressured so will flow until empty. Also if top side is increased can flow beyond 2000bopd.
2. Flow rates will be misrepresented due to having to move through 20ft of concrete. Also to flow test with the plug in place could be dangerous .
3 funding might or might not be needed. However the sign is that funding will not be retail i.e not offered to brokers but part of an agreement going forward. But to say again funding might or might not be needed.
4 plans to producr from the djeno have only been on the cards since early may. There was no expectation that djeno would flow so readily thru a 20ft concrete plug..the 103 drill rig was so s..t that tbh the data from djeno was unreliable apart from they knew it contained a column of oil.

How many of this will lse decide to print......

Funnily enough I was speaking to eni last week about 88e...They are very aggressive 're expansion atm.

Funnily enough I was speaking to eni last week about 88e...They are very aggressive 're expansion atm.

Funnily enough I was speaking to eni last week about 88e...They are very aggressive 're expansion atm.

An interesting interview from David..much needed.
Why he didn't think this was needed last week was a mistake, but at least he admitted he had fallen short with communication and not communicating about the lack of a CPR earlier when it was known.

Not to blow my own trumpet, but the reasons for no CPR were some of the reasons for the delay in my Living document CPR posts. i.e a CPR is far more than just an updated reserve document.
TBF David should have known this, but hopefully he's learnt his lesson.
I agree with the decision to concentrate on production and shy away from gimmic exercises. A CPR would be nice and improve the CPR a bit in the short term but production and oil flowing will provide evidence that nobody can ignore.

So 2000 BOPD from Djeno in 103 is the target. We don't need to redrill, but will need the drill past the 20ft of concrete plug. This will be done using a production/workover rig not a drill rig.
Production might be production casing on the djeno which isn't there atm and maybe a very limited simulation.
Apart from 300k for a topside improvements to make the 2000bopd easy, cost will likely be 2-4m imo. So maybe 2.5m max for aaog.

Discussion re funding well program without equity dilution underway.

Everything is as good as it always has been for aaog, I am certainly thinking about increasing my holding come end of month, if the SP stays the same..

No rats here , except your good self.
As for ramping 25 posts in 3 months is pretty poor ramping, if that is your suggestion.
I declared on Twitter just this weekend that I still from my 8p average. I have no plans get to buy more. Nor to sell.I

I was also fair in saying that David's communication hasn't been good enough..but that the shouts of placing have been ongoing since the start of the year. Aaog have the authority to place..They haven't placed.

The shouts of no oil have also proven to be wrong.

Nobody on this board controls the price..a few have probably sold to buy into ujo or rbd if so I hope they haven't been spiked.
Got me the djeno is 10 times any reservoir that exists in the UK. I

I want David to give news..I couldn't really care what the sp is atm.

Comes to something when aim has less volume than asx. It also only has just over 1m more than chi x!

Uk in the dark on this one.

somebody loading up in regular chunks.
Got a feeling news next week will be special

could have been in profit from that false fall.

could have been in profit from that false fall.

Woody. We know you sold out on Wed. Your posts changed from full positive to full negative. Buy back in and make the forum a better place.

Woody. We know you sold out on Wed. Your posts changed from full positive to full negative. Buy back in and make the forum a better place.