AAOG Flow Testing and Questions.

Well at long last we have the news on AAOG we've been waiting for.

Production is a major stage for a company and AAOG achieving this in April should not be underestimated.

• Initial anticipated aggregate flowrate in excess of 1,500 bopd for the first 14-18 months
• Projected financial metrics at 1,500bopd:
• US$1 million/month net free cashflow generated
• Breakeven oil price falls to below US$20 per barrel
• First production targeted for April 2019
• Completion of the Well to production will be funded from existing cash resources

This is the right strategy, We can bleed R2 out quickly (over 18 months) at a higher rate get the money and use it to pay for the more important Djeno production drill.  
We should get a debt facility based on this production.

So the all important thing now is achieving the flow testing results.

It is a little bit frustrating that AAOG has taken quite so long to get this RNS out. I don't really see why this couldn't have been out  at least a week earlier but.....

Also I do wish that David put a bit more information in his RNS.
We don't know whether the flow testing will be done zone by zone. whether the new zones will be fracked or when the flow testing will take place.

Based on this I must confess to selling the shares I brought in the 10's, this morning first thing in the high 11's. My core holding with an 8p average I have kept. However I am not convinced the market will believe the flow rates until they are actually achieved.

Anyway. Very good news today. AAOG is meeting all expected milestones to become a significant oil company.

The trolls have been proven wrong about funding and production.

Long may it continue.