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Sorry should have been additional 750 BOPD which would still equate to annual income of ,£10,628,800.
Potential to have upwards of 850 BOD from the first two drill results.
Potential income at say £70 a barrel, so 850 x 70 = 59500 x 365 days = 21,717,500 x 56% (AAOG share) = £12,161,800 BOOM if it comes off. You are either in it or out, many appear to have bottled it. I topped up yesterday on the dip but DYOR and GL.
MENGO SANDS Appraisal
• High volumes of resource and presence of hydrocarbons confirmed at conventional flow rates
• Not brought into production on Tilapia when originally discovered because technology for one-off stimulation to kickstart production was not available in the area at the time
• Mengo Sands in production for other operators in basin
• Expected to produce c.500 bopd per well
R1/R2 SANDS Production
• Currently producing ~38/bopd of 39-41 API light sweet crude
• Strong candidate for enhanced oil recovery to extend field life and production
• Potential to increase production to between 185 and 250 bopdfrom two existing wells
• Should add c.100 bopd per new well – including TLP-10
Not long until we know first two target results.
It is suggested 20p if Mengo is as they suspect.
MENGO SANDS Appraisal
• High volumes of resource and presence of hydrocarbons confirmed at conventional flow rates
• Not brought into production on Tilapia when originally discovered because technology for one-off stimulation to kickstart production was not available in the area at the time
• Mengo Sands in production for other operators in basin
• Expected to produce c.500 bopd per well
R1/R2 SANDS Production
• Currently producing ~38/bopd of 39-41 API light sweet crude
• Strong candidate for enhanced oil recovery to extend field life and production
• Potential to increase production to between 185 and 250 bopdfrom two existing wells
• Should add c.100 bopd per new well – including TLP-103
AAOG is highly profitable from R1/R2 and Mengo alone. If producing from Djeno, then change in value of AAOG is exponential.
Company explanation not mine.
We should know R1/R2 and Mengo results within a few weeks.
I made over 30% in the last 2 weeks not pish to me marinevilee. Back in today at just over the 9p and expect to make another shed load in the next week. Each to their own.
Completely agree, do this all the time. Maybe some of the profits from YU will find its way over here tomorrow if that share starts to go backwards LOL
There were quite a few meaty buyers on the day I purchased, £10k plus which is what I invested and it was higher than this before that 20% jump on the Wednesday from memory. So it is feasible.
Not sure they could have reached first target yet either. Timescales indicated another 3 or 4 days but who knows. The COS is something like 90% from memory. It does not take much to move shares like this and if you wanted out the spread is looking attractive compared to the last week, so not personally concerned.
drop in one trading day but the drop is not as bad as I thought it would be first thing. Hope it recovers more in the next few days for LTH.
When it opened at 0.29 briefly I thought game over but it looks as though it may still be game on. Still wont be buying back in though but I wish holders all the best.
If we continue to see selling tomorrow then maybe leaky ship but too early to say. I remember quite a few chunky buys when I first bought in below 8p a few weeks back. Sold at almost 30% profit. Maybe this seller has bought around that level and is simply cashing in profits ahead of RNS.
ahead of news but it does not take much to move small shares like this. Spread narrowing again so MM's may have a sell order to fill. I am happy with the price around these levels, each to their own.
showed up as a sell. MM's are sneeky gits LOL
collecting shares before the speculators arrive?
on the dip today, especially as news just around the corner. Hopefully its only one individual bottling it and selling up.
Just purchased some.
guys still invested. I got lambasted for selling yesterday having held for only a week.
What price will this be at the end of today with little prospects of any permits and threatened court action which can only delay the process for a hell of a long time and where is the money coming from to fund court action.
I hope for that the authorities have a change of mind for you guys still invested and the threat of court action stirs action with the authorities but don't hold your breath .
To be honest the news on another share this morning was the trigger. I did not have a lot invested in AST this time round and I was getting wound up thinking about the risk I took topping up all the way down from 1.66 this time last year and I felt lucky to get out with a small profit when I eventually sold. Should'nt have invested back in even though it was only small amount it was beginning to wind me up again and its not often holding a share winds me up so sold this morning.
Difference was I lost £300 in AST and made £22k in FRR so up yours. LOL
Not convinced as to why no update on well performance, could be because other majors still looking but made almost 80% profit in short period so time to cash up and watch for a bit. GLA.
with a small amount and sold today at a small loss. Never invest in AST again, my gut feeling is that I should not have invested again after managing to get my previous £20k investment out on a small profit after that last spike after a year of being invested and watching it tank week after week. Soul destroying share and management are something else.
Hope it bags for all remaining investors. GLA.
and business like discussing YA, and he obviously got a fantastic outcome. He is being equally diplomatic about the Outrider situation so I hope we get the same positive outcome.
I purchased another 2m shares on the back of his latest interview.
big sells are not PI's, so if we believe it is not Pi's selling who the feck is?
Zaza has put himself on the line with all the nudge nudge wink wink interviews so either he is telling porkies and those in the know are selling while the bull is going on or could it be that Outrider been caught out as Zaza is hinting at and they have agreed to offload shares they been accumulating on the cheap utilising information with the Board member Zaza want's removed. Its all a mystery!
Either way when those big sells eventually clear I can see this bounce even without any news.
Hopefully we will have a good old traditional Friday rally to get this moving back up to a realistic level ahead of the potentially explosive RNS that could make us all rich I tell ya LOL.