Did ROG have a bid in Angola before the extension? Yes. AK was disappointed timelines were extended. Does Serge have close connections with Sonangol decision-makers? Not direct, but knows influential people who do. How will ROG fund the venture? SPP Equityraise or borrow or partnership? Borrow What's the approach if ROG wins multiple offshore blocks in Angola? ROG didn't win all 4 of their bids
DWI How long will testing run for? 10-days for AK to test sample. What are the next steps and approx. duration? If samples are good, then send to Santos in SA (Santos is a second distribution option for the oil), 3D whole field by end Jan, Process images end of Mar, Perforate - 2 more wells (needs approvals = 1-mth), add 4 more wells, Rig up (needs approvals = 1-mth). For approvals, AK is getting them in early for review so when it's time for formal submission its quality and no back-and-forth.
ROG Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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