Member Info for theiceberg

For 101 they found 37m pay for mango. For this drill its 50m. An estimate going from this would be 70\80mmb from this with a flow of 700bopd

The other funds are interesting I've got a feeling one of them might flow at 400\400 bopd.

Easily derisked to 20p with Diego pushing 50p

No surprise at all that further zones have been found below R prior mengo.
All of good quality sandstone so far better than R2 imho

Add onto that 50m of net pay for mengo and we already have 1000bopd and we haven’t got to djengo.

With the fault working Djengo should be a valid oil trap. Lots and lots of oil. :)

This price is starting to boarder on the insane.
Loads of cash, fantastic projects and a huge amount of work being done. The only thing causing the insane price are the insane markets and lack of investor patience.
Mad I say, as I talk to myself, shake my head and ignore the markets until post Christmas.

Not really a surprise that the market makers don’t have any shares. None of them.
Anybody short will not be having a nice Christmas.
Equally if jub were selling for a client then they sold very cheaply and the client lost out. Rubbish broker.
If they sold and shorted then they will be losing big time. Rubbish broker
If they sold their own holding then they sold at the absolute bottom. Rubbish broker

It might not be what a few want but I would be happy to wait until after new year for another rns.
Equally happy to get one Monday Thursday etc but the share is rising and no doubt will rise anyway on limited liquidity next week.

I would alsk check out the 2019 Congo offshore licensing tender resources. They have some historic hole info which with a bit of digging can be expanded upon.
A lot of 70s and 80s drilling into All of the layers targeted by aaog inc vanji

Mentioning oil in an rns is a tricky regulatory issue. They can’t just mention oil without either discounting it wirelogging.
It could be gas. Light oil heavy oil liquid gas and likely a mixture of all of them.

Will be massive. The figures will blow aim to tiny bits.

Switch to the bid and a lot of shares brought. Maybe, and I am leaping a bit here, maybe jub have been told no or told to stop playing games and so now need shares.

I hope so. To try and head this off I warned David about jub yesterday and said plainly involving them would be similar to sandabel. He did respond and so is 100% aware.

That’s why a small placing at 6-7p with the shares already flipped and the rest to lt holders would be acceptable in a bitter medicine kind of way.

If he doesn’t place then jub are in serious trouble if the fca investigate and they have to close naturally any position.

I know it’s a dirty word but I do like to be realistic with my investments.
Yesterday wa a sigh of relief.
Mengo will be medium sized jump for joy.
However we saw 10m traded yesterday. With from my count 3m or so in big chunks. Looking at jub I would say that perhaps some money has been raised in the 6s. It coincides with jub keeping the price down to 7p and the offloading.
As much as this is a pain, if it’s needed to finish the drill then it’s needed and I would be happy to see a small raise at 6-7p for the flippers to have flipped around 5-7m so far (my estimate) and for some of raise book to have gone to long term holders. It will hopefully mean that mengo and wirelogging will not be aggressively sold into.

It’s done it’s priced let’s move on.

WIsh the fca cared strongman. I’ve lost count of the amount of times I have raised things. Never to be heard back.

Sorry forgot to add this but we still have jub sat on the ask almost 8% lower than any other market maker.
I did mention this to David today and he’s going to “follow it up”

Looks like volume will be highest day since drill started. It really shows how the traders and chances wanted a reason to get out in good news. I firmly believe it will set us up nicely for the other targets.

Sell on rns. It gaps up. Sold into. all the Tx brigade, traders, and folks that brought from sandabel in the 6s have sold on News for a small profit. The rise drops back to nearly a gain.
Next the sp starts to climb back up before a rise to 9-10p imo prior the weekend and mengo news.
It doesn’t say anything about the rns per se. It’s just the market.
Also jub being aggressive on the bid again.
It was noticeable that they helped facilitate the gap up pre market.

All the above proves the importance of follow up news. First rns to get the traders out and then as many good ones as you can to raise the background sp.
I am very happy with today

loads of crap being sprouted from some folks as well. cough cough.....
a range of posters who said 2-3 weeks ago, buy buy, now sell sell, then it will be buy buy again.
FFS idiots.

First shot of the very expensive short closing.

To the folks that stuck with this and held. Patience really does do you well on aim and despite the really important targets yet to be reached. I read a few twitter posts saying how people lost money on aaog. But the saying holds true that you only make a loss when you sell. Hold until td and folks will be laughing at these prices.
Also to the B.B. Stupids suggesting this was going to be bad news and the hole was doomed, crawl back under your rocks.
For anyone short. I will be wearing a very big smile for you.

The pure sandstone component should mean easy flow. I am really impressed by this 150-200bood from R2 alone even longer term, just like 101 it should flow 400-500bopd or more on initial testing.

We have our banking now onto what the overwhelming geology should show for Mengo etc and moving onto the big mega bucks.

In all thre initial zones yes!!!!!!

Now on to Mengo.
No problems and drill is working 1300m and down we go :)