Your posts are a joke you really no nowt ,I suggest you research more you really are behind times this is starting to rocket if your got shares in aex I suggest you sell up mate get a better share to invest in ,haha
I think some are getting a bit carried away following the rns. In reality there was nothing new there. On the positive side getting the financing sorted, which is crucial, seems like there are no great concerns, they seem to believe it will get sorted. With regards to the Ruvuma psa, on which the company hinges on in the next couple of years, there currently doesn't seem like a credible plan.
". The Company is planning to drill the Ntorya-2 appraisal well in late 2015 subject to available finance or acceptable farm-out offer."
We have been trying to farm this out since October 2012. Everyone is preoccupied with Kiliwani. Most forget that if we drill no wells on the Ruvuma psa by the end of 2016 we lose ALL of Kiliwani. If we just drill one we lose 75% of it....
I suspect something will happen to stop this, such as extending the terms of the psa again, or some sort of financing, but ATM it is by no means a certainty. Until that plan is spelt out I will always be a bit nervous about this.
Having sat here mainly being positive over the years or silently suffering in silence more recently, I think I should have a great big moan more often if this is what happens! Hell of a lot more positive than 24hrs ago. Not all questions answered yet by a long shot TT, but maybe, just maybe, the wheels have started rolling....
Would be crazy not to increase their stake. Now we have stated that Kiliwani could be run at 30mcf the profit has spiralled. Solo could now earn 13% of circa $22.5m which equates to around $3m profit per annum......or $1.5m if they stick to the 6.5%. Of course our profit will now be about $12m Per Annum. Very tasty income from one single well
J-KJager......so were your queries answered today regards our debt. As I suggested the 2 Solo payments will almost wipe out our debt. We can then move forward at pace. Clearing our debt will indeed be a landmark moment.
For the first time in 12 months I think it safe to say the sp will go north , what that will be is anyone s guess with the oil and gas sector pretty much bottomed out . Investers will be looking for real opportunity. I feel aex fits the bill . Best of luck long timers and newbies welcome aboard .
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