I am not depressed I just feel it necessary to point out to other BB readers that your (an many other's) one sided, grossly optimistic and unbalanced predictions might actually be a load of rubbish......
Do you not think it responsible to point out that these predictions ought to come with a heavy "health warning"?
Something like "just because I am a shareholder in AEX and would like to see the share price rise doesn't mean that my fanciful predictions might actually ever be borne out in reality...."
Let's face it over the course of the last four years the performance of similar predictions has been woeful and so most people reading them would be well advised to view them with a heavy dose of scepticism.
Bowleven hails Cameroon gas well test results MARK WILLIAMSON / 5 hours ago / Business BOWLEVEN has said testing work on a find it made onshore Cameroon has increased confidence the discovery could be big enough to be commercially viable.
The Edinburgh-based company said the Moambe well on the Bomono permit had flowed gas at strong enough rates to justify moving into an extended test programme.
Chief executive Kevin Hart said: "We are pleased with the positive initial flow test results on Moambe which give us increased confidence in the commercial viability of future development plans at Bomono.â€
I believe Jay would be interested in drilling island based wells if there is no farm-out partner available (which is unlikely).If we do get farm-out of Nyuni the partner would be interested in the deep-water rather than the shallow water. Jay could be interested in an island based drill or well re-entry (funds permitting) early in the year as approach from farm-out partner would be expected second half of the year (when seismics are completed). I don't know if it's possible to split up the deep-water from shallow water re. farm-out. I don't think Jay will farm out shallow or onshore wells, except maybe with Solo?
my agenda is just to point out the big picture rather than get depressed like you do over the little things that will fall into place anyway. Thought you might find this interesting http://dailynews.co.tz/index.php/analysis/44486-how-will-tanzania's-power-sector-evolve-under-new-president/ the Powering Africa Conference will take place 3-4 Dec and will discuss the plans for LNG plant in Tanzania and hopefully get things moving toward that which would be brilliant for all Tanzanian gas investors, it's what all the major oil and companies have been waiting for before they make take-over approaches
What's your thoughts on a seperate Farmout of our island acreage in Nyuni and the deepwater. They are 2 very different plays with 2 very different outcomes which will appeal to 2 different companies. We get our cake and eat it. The islands have already proven gas at Nyuni and are close enough to Songo for a trunk line. We also have Fanjove North in close proximity. This could provide near term income. In fact Nyuni 2 only needs re entering.
I think Jay and management together own around 25% of the Aminex stock so they only require another 25% to pass the deal, don't think that will be an issue. I think the Bowleven deal is below their voting threshold so does not require their shareholders to vote and the BOD can just push it through. So I don't think the deal will have any issues in being passed. As for the GSA, I hope it's soon so we can all move on :-) with some security. I believe it to be imminent!
everything's lined up for a catalytic effect: we approve BLVN deal, Jay then signs on seismic acquisition for Nyuni which begins at earliest 'weather window', Ruvuma drills start first thing in the new year, seismics for Nyuni are analysed and attract farm-out because we now have 92.5% stake which is large enough to a farm-out partner to take interest in haggling a share of, then results from Ruvuma are analysed while Nyuni drill (or drills) is/are planned for second half of 2016. There's nothing not to like!
we so far have been promised.. end of the 2nd quarter was mentioned in a previous video end of September before the Tanzania elections after the Tanzania elections before the 31 October before the end of the year
still to come.. early next year before the end of the 1st quarter 2016
Its obviously they don't have a clue when it will come and just keep stating dates to keep the momentum going. I personally assume it will come in 2016. As Aminex has debt due early next year this new farmout deal with the Ruvuma asset at least brings in cash to keep it going until the GSA with pp is finally agreed and signed off. What happens if shareholders do not agreed to accept the farmout deal? Where does that leave us?
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