Member Info for woody2002

Majorboy - trying your hardest tonight mate. Clearly a Bullsh/ter jog on!

D Smith no idea of you're a genuine investor or a deramper but regardless the value of oil is the important catalyst for this company to turn things around. Regardless of delays and dilution if we produce as much as 1500 barrels from Djeno we'll be looking at a conservative income before tax and after expenses of circa £16M a year. I complain as much as anyone else on here but the ultimate goal is to fund the completion of 1 well and start extraction. I think come Q4 if they can get this drilled we're cash generating and immediately in a position to expand production and attract more institutions. If we even have 5x PE ratio (oilers expect between 3-15) we'll be sitting on 3/4 x current Mcap at 1500bopd. Averaging down in a company with an idea and nothing else is risky but having a commodity makes this seriously attractive the lower it goes! Should have fracked mengo imo. but dream of few thousand barrels a day come year end.

Why would you care?

Because sefton said in an interview cash was tight about 2 months ago then we were told SNPCs cash is going to debt and general operations. That cash is long gone. Placing rumours are pretty much an educated guess profitseeker the rig needs to be leased and a drilling team mobilised. Thats Expensive unfortunately.

103c shouldn't be half as expensive as the original drill and should just be a clear out of the plug and probably 20-30m drill after that. Im not sure the SNPC cash will cover this but its positive progress. I wont be getting ahead of myself just yet, AAOG seem to be slow off the mark in getting sh/t done, although I believe funding might have been the reason for the last few months dragging out. Can see a fund raise through existing iis. Might be short term pain here, with a joint Production plan and funding RNS announced nxt imo.

Thats why there wont be a spike here imo. Trading opp for those wanting to catch the placing price

Rig hopefully aquired, unfortunately its likely this will mean more dilution but I provideed its a rapid turnaround ill only moan a wee bit lol

If its correct that CPI isn't coming this week DS needs to "competent" the fu/k up, its becoming a joke now. Nobody is that stupid they miss every target.

I dont think its fickle PIs thats to blame, its the communications from the company are leaving too many unanswered questions. The last few RNS have been promising a CPRthe company knew wasn't coming. So naturally questions are now asked of the reliability of all info. It's likely not PIs holdings dragging this down and more likely the HNW investors who didn't have a 3% holding.

Placing wasnt unexpected if you researched the company's cash position. Was a 2 minute search to find that out. Boring!!!!

Rise after 2 ships attacked in the gulf of Oman, every little helps I suppose.

Well which PIs kept buying to let EHGO out and make traders a few bucks??? You were warned...

Completely wrong Angela, the plug is inside the production tubing and has no bearing on the cement job outside the casing/Annulus. The oil is flowing to surface safely by design. Pressure and fluid relief are a standard part of a working week on any rig ive been on. Stick to predicting placings please. Ta!

Has never been this quiet. Its not reassuring but maybe he's got plenty going on..

Since it was traded its been a sea of blue so always a possibility.

Yip only change is the colour imo. Kinda waiting on the placing RNS now. Someone with inside info selling possibly

Are now popping up here I see... they dont appear for nothing, consensus must be we're over sold (hopefully they're right)

Angela please stop pretending to give advice. Youre an ar/ehole with an agenda and you're nothing but disruptive. Nobody is listening to a word!

He created the account to start trolling AAOG his first 5 posts were pathetic. Things didn't improve as you can tell lol. Clueless

Add any more in here until plans are in place for how were going to produce from 103C. Only way I can see how we can produce from Djeno is a drill and that will be another cash call. I suspect the selling is an ii freeing up cash for it unfortunately. Any luck itll be at 9-10p doesn't always have to be a discounted placing.