Member Info for tradeemup

Important to note Bago “will fully finance all gas infrastructure the field requires, including pipeline tie backs to local infrastructure and gas processing plant solutions.” Wow this is not yet fully understood by the market and significantly reduces bocks capex requirements. Let’s focus on well 38 and the 16a analogue! Upside here very significant from these prices!

Eggonaroll - hang your head in shame. You’ll be the first out on the 8am Bell. Colin and the BOD here are an absolute disgrace.

Some people have no shame... perhaps Colin can get a quick placing away with Henderson’s again to cover his and the BOD salaries. Strike while the iron is hot. Shame on those ramping this.

Facts are this has been a disaster since pg10 flow rates were ramped and over zealously stated by Colin. I am certain they knew all along the 8.8mmscf on test was unfeasible and this only became apparent on INA sales reporting. Then we had the pg11 downhole issues followed by the current water issues.... some here know all the above and are still ramping the uninitiated into this bag of wind.

Degsy calling out the arrival of game players is a bit rich coming from you... veteran damper at work

I know Calao 1 result was disappointing but where are you? No stream of consciousness - give us your thoughts when possible. GLASS

A market cap of £40m on stable prod rates of 800-1000bopd equates to a share price of 14-15p. Considering the imminent drill of well 38 I think the market will price a proportion of this potential into the share price. 13-14p very realistic imo. However as always dyor.

Redbus I think the market will want to see at least 800 BOPD conformed based on those openly disclosed prior to shut in. With well 38 awaiting sidetracking I would like to think a proportion of the material upside of a 5 well programme based on analogous geology/proximity would be priced in. £40-45m mcap would seem realistic to me and achievable if results exceed 800BOPD, especially with well 38 getting underway almost immediately. If we exceed 1100 BOPD then 60-75m Mcap near term post well 38 validation.

I think we have a good one here badger. Efforts at Norio show character and prudent financial management but the West Rustavi licence was always the main course. I see a laser focus now we have a company make in the crosshairs. Very exciting times :)

I’d rather we focus on re entry & sidetracking WR well No 38. Bring it on! Great management here

badger - do you feel much like promoting the suppliers tools and the expertise gathered through our own implementation to other in-country producers? Or would you prefer to keep this info under wraps internally as we review other strategic in country/regional investment opps..... A 10% royalty on a leasing of equipment just isn’t that interesting right now.

Who cares about this right now ? When you are producIng 1100 bopd with multiple analogous targets the reality is that this opportunity becomes a sideshow. Consulting on new techniques and toolsets to maximise productivity is not our aim. I’m not sure Schlumberger next door need the advice of the outfit next door with an mcap it £16m lmao

Mcap vs FCF means the gap to 10p has to close. If not immediately then short term on confirmation of production levels and monthly revenue the momentum will grow. next planned well is definitely not priced in and this should easily see double figures. A very simple hold for 10-12p near term. Happy to hold throughout 2019 - no brainer

Confirmation of flow from the Djeno - had to take a position. Market cap sub £30m will look insane if the next well can target 5k BOPD with the derisk 103 has provided. Big news IMO. Enjoy the sunshine :)

Opportunity to top up? Let’s see how pronounced the drop is going to be.

Farm out to OXY for free carry of two exciting drill ready prospects?

Find it hard to believe it would take 47 days to announce a dry hole. All conjecture but the ONGC escalation of environmental permits etc are a clear sign something big lies in cpo5. Capex commitments at ONGC are heavily scrutinised and the tender in itself is a clear indication that the size of the prize merits escalation. JW can talk it up but unless mirrored by ONGC appetite its all speculative. It’s clear to me ONGC have seen the light and we have a great deal to look forward to over the next 18-24 months.

I make Indico timeline from drill to results 39 days. Drilling at Calao started 1st feb so 47 days and counting. News could be any time but with Pavo real next up all you need is patience to see a return here

Let’s hope so. Patience needed but accugas business looks to be truly value accretive. Looking forward to 2019 here. GLA

Completion of seven assets has taken far too long but hopefully this will pay off medium term. I still can’t help wondering what would have happened if we had stayed clear of the RTO and focused on Niger and a strong farm out post initial 5 well campaign. Somewhere in the mix the discoveries and 5/5 success rate has got lost in the noise of the larger looming transaction. Like many I invested prior to RTO negotiations were revealed and found myself locked in. Will it pay off? Over to AK and team but SP will suffer short term as iis offload. Finger crossed the new larger group can come Back strong with a divi to boot.