Member Info for theiceberg

Kind of agree you have to run the wire log. Interpret results,throw in a few meetings to discuss, get the rns agreed by nomad and then out at 7am the following day. Hence why I said 3 days from 21st to 24th.
Dates are obviously just a guess.

Sorry I don't agree with that. I am talking about time to drill djeno when they hit it..
If they hit on say Monday after top layer turning will be a week after that before wire logging is done.
So hit the top 14th.
Then hit td 21st
Then wire logging 24th ish.
However David will know 13-15th whether it's hit by drill mud examination

I think m folks need to remember that djeno is 100-300m, with a potential 50-150m of net pay. Hence with pressure and drill mud examinations it will take 3-7 days to drill through prior results.
However David will know on day 1 of reaching djeno whether it contains oil or not.
I stil! Maintain that David will either know this weekend or by the middle of next week whether djeno has oil.

That didn't include Vanji.
But importantly they get 100% of the revenue now until they have produced 24m revenue.

"The complete cost of drilling and testing TLP-103, notwithstanding a decision to use prime contractors such as Schlumberger, remains at US$7 million plus a US$1 million contingency. The Company has already incurred in excess of US$1 million of the drilling costs.

It should be noted that the terms of the existing licence over the Tilapia field allow for the Company to claw back any drilling costs incurred above its pro rata share from future cashflows."

It's not hard to see why costs are where they are. With drill problems, pad issues, slow drilling, new 13m pay zones to flow test etc

Of funding shares likely gone just today. Let alone the 100m volume.

I agree.

a bit at 10.25. Taking my average from 7.9 to 8.9.
Clarity is a welcome relief

Very difficult to get a placing away and 10p isn’t bad if you ignore the last few days.
Fully funded for Djeno. Vanji. Simulation and flow testing and hook up to production.
They have obviously got a new area already planned which implies license rewenal.
No more questions re fund raising.
I would say 30m or so of those already sold and so no real overhang at this level.
Let the drill talk

Prepared to go below 12.25 on the ask. anybody selling below this is silly imo

I was doing live tests at the time. Two people have said it was a buy. Just leave it and learn.

It was a buy price was 11.83 to buy then at 11.75 to sell

It goes on.

Are still pushing this up very aggressively and moving sharply up the bid. and ask.

He might have. Let's be honest we know nothing.

A few rumours that the placing has been canned due to the leak. If so then the folks that forward sold will have to do some serious buying imo.

Have pushed this up pre open. Most moving up on the bid. Maybe they have heard news.

Really hard to set a date admittedly but it's around 500-650 to djeno and around 40-70 m a day depending on how the drill behaves.
No drill has gone down this far in this region though so they could be out by 100-200m quite easily.
They might also hit some unknown oil regions again.
But I am going for Thurs Fri next week.

Two monster horizons.
Next week. djeno.

Don't need to say much more

Its not going to drop to 10p anyway.
I still dont believe TW, however worse case and its right then 10p would give aaog an mcap of 23m ish.

If you think a company with 5m in the bank, 40m of net pay, and a drill to hit two major targets, production facilities for 2000bopd a day etc is worth 23m then your a monkeys uncle.