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EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


Aminex Share Chat (AEX)



Share Price: 2.45Bid: 2.35Ask: 2.55Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.20Spread as %: 8.51%Open: 2.45High: 2.45Low: 2.35Yesterday’s Close: 2.45


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matherdj
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:2.45
RE: Tendering & Seismic
Today 21:23
And I would think the seismics, if positive, would increase the value of the field. Not something the Zubs would want to do if they are out to get in cheap as some suggest on here. Same as doing the CPR and IO study.
 
CrustyPete
Posts: 8,724
Observation
Opinion:Buy
Price:2.45
RE: Tendering & Seismic
Today 21:12
You may recall that as a result of the CPR the TPDC requested that IO revised their Commercial Study. Yes this MAY have had something to do with the prospects for Oil but the Commercial study was about the EPS and nothing (as far as anyone has suggested) to do with Oil. To extrapolate anything more from this is just speculation and fantasy. Keep it real for goodness sake.
CrustyPete
Posts: 8,724
Observation
Opinion:Buy
Price:2.45
RE: Tendering & Seismic
Today 20:58
Moreover until the NT3 drill they won't even know what to expect from those seismics as regards Oil; that drill will tell them more than any seismics. The seismics would be done irrespective of Oil, to suggest anything else is just fanciful....

They have already told us that they will drill NT4, 5 6 and beyond only as GAS demand dictates. It will however give us a far better idea of how much is down there and where to drill for it.... None of us want another KN1.
CrustyPete
Posts: 8,724
Observation
Opinion:Buy
Price:2.45
RE: Tendering & Seismic
Today 20:52
No Drewky, no. The 8 drill programme has been modified as a consequence of the CPR. Despite the fact that AEX had already drilled the pad for NT3 that has been moved, albeit, not significantly for the new C1 drill. So all of those original "sites" were simply the initial approximations that will now be confirmed with seismics....
matherdj
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:2.45
RE: Tendering & Seismic
Today 17:02
Sounds like an agm question to add to your list Drewky.
gaslady
Posts: 4,374
Off Topic
Opinion:No Opinion
Price:2.45
View Thread (2)
RE: Tendering & Seismic
Today 16:59
Petroleum

From the Latin "Rock" "Oil"

They need a bigger drill to get down there and grind on that Karoo formation...
cperkin
Posts: 13,283
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.45
RE: Tendering & Seismic
Today 16:36
Gas and Oil Drewky. Certainly since discovering oil @ NT-2, the lower drill target at C1 is oil, so the hunt for commercial quantities is most certainly on the agenda.
cperkin
Posts: 13,283
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.45
RE: Tendering & Seismic
Today 15:44
Get the farm out done and rig tender complete by next month and get on and drill this baby!

https://www.dropbox.com/s/b4tdls493h0lb5o/Screenshot%202018-02-02%2010.06.19.png?dl=0
Celticheart
Posts: 14,093
Observation
Opinion:No Opinion
Price:2.45
RE: The neighbourhood
Today 15:41
No hope required
Drewky
Posts: 4,699
Off Topic
Opinion:Strong Buy
Price:2.45
RE: Tendering & Seismic
Today 15:31
Not sure of your point Willow it seems that was a criticism of Tanz government and their pace they do deserve some of that, but my point was; it is AEX who must have applied for the (EIA) which was approved by (NEMC) so it is our intent to do those seismic surveys and my question is why now? Why, if we already know where the next 6 drills are going to be? (They have shown us the locations already). In my view there can be only one reason for spending that sort of money and that would be to chase the oil because there is surely no rush to do it otherwise?

I wondered if others feel the same




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