Can anyone work out and post what they truly think aminex share price will be on number of shares issued, in the end of any deal with the big companies, Chinese or other ? Solo predicted to go max 21.5p on number of its shares issued and it's 25% share.
At the risk of repeating myself and boring everyone, it is not the CPR that books reserves it is the GSA.
The CPR is a competent persons estimate of the gas in ground and nothing more. That is stranded gas in ground with no market, until a GSA.
The GSA for KN1 allows the reserves to be booked because the gas is not stranded and is being sold.
I don't think this is just semantics on my part. It is quite important in terms of understanding the newsflow and market reactions / valuations for Aminex.
For example, we could have a CPR any day but no GSA. That wont move the price much unless there is a major upgrade in reserves and I suspect most news from the recent seismic is out there (hope I am wrong though). The GSA, on the other hand, will solve the current and future funding problems. (I know it wont alone pay off the Argo debt in the first year but all the other sources of income together with the income will do so)
Cove started as a small explorer, just like us, who decided to move focus to gas fields near to ours, they changed their name from Lapp Plats an took (a well educated) leap of faith - the area as we now know is prolific for gas. They sold for more than a billion following a oil majors bidding war.
Better again, it was bought out for £1.22 billion pounds not usd,
PTT Exploration and Production, Thailand’s biggest gas and oil company by market capitalisation, this week won the battle for control of Cove Energy after Royal Dutch Shell dropped out of the bidding. PTT and Shell had been locked in a bidding war for London-listed Cove since February, attracted by its 8.5 per cent stake in the Rovuma Area 1 block off the coast of Mozambique, thought to be one of the world’s richest natural gas discoveries. Shell had won a recommendation from Cove for its 220p-a-share offer in May, but Cove switched its allegiance after PTT came back with a 240p-a-share bid, valuing the group at £1.22bn.
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