Lol are people getting nervous....... news time is upon us, it’s either going to be good or bad and I’m due a good one as I’ve had two dusters already this year - third time lucky 🍀
Barking I’m not a doomsayer as I would be shooting myself in the foot as I bought another £5200 worth yesterday taking me up to just shy of 100,000 shares. Not a lot compared with many I know but enough to make a nice Christmas if we get good news next week and beyond.
By my rough calculations I think about £150k of those new shares have been dumped in bulk trades of £10k or above today albeit for only a small profit at what they got them at. My guess is now they know they aren’t going to get anymore further instalments they’re limiting their risk, fortunately they’re being bought up or the sp would be getting smashed and that’s where our pre news rise is going.... it’s getting sucked up by the vampires offloading for minimal profits.
Fingers crossed we all get the Christmas bonus we’ Waiting for next week.
What we have to remember is that they have to get approval by the Cong Government before releasing the RNS so that may take a day or two after the event.
I can’t remember who said it but it was talked about on the board some time ago during or just before SL that they were only drilling a 12hr shift on SL, if that was the case or not I don’t know for sure but thought it might be after they made a point of tweeting they were carrying out 24hr drilling.
From what we understand on SL they were drilling for 12hrs a day and we know from the tweet that they’ve been doing 24hr drilling since at least the 30th of Oct so I would expect them to be doing more than 50m a day, so TD May be sooner than we think.
I think the market won’t like it, any kind of dilution is always a negative to the share prices but let’s see, if they followed it up with a continuation of drilling it might have passed by with little reaction.
I wouldn’t worry too much about -19 to be outside as the people on the ground should have the correct clothing for those temperatures just as they do when drilling in the Artic Circle at -40. Also as stated in the RNS the rig has been modified for colder temperatures to allow drilling in colder than normal temperatures.
Lol you do make me laugh, if you actually read the RNS you will see there is no cost to AAOG if anything there would potentially be compensation. As for the parts have you never heard of DHL? They do have cargo planes flying in and out of the Congo you know lol when it’s a multi million dollar project and the contractor potentially getting time delivery penalties do you think the parts will be coming on the slow boat from China.... honestly disbelief sometimes in what people write on these boards and yes I do have experience in the O&G industry before you ask on several of the biggest fields in the world
Because in most contracts they have performance related penalties to the contractor for delays ie if their rig goes down for 3 weeks then AAOG could claim back compensation from the drill contractor for underperforming.
Not posted for a while as been busy on holiday and waiting for the right time to top up, another 77k to my small holding but it will do nicely if we get a good result on WH.
GLA for a good result for us all.
Hallowed - I'm expecting spud first week of Oct, Rig up should only take a few days max 5 days with HSE checks. I think we should have results of WH by mid Nov