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He doesn't have a clue what he's talking, No one is spiked in Aex ( recently
As is IrishMouse.......
Just in case you don't all know, TipTop is strutting his stuff on AAOG.
A persistant internet troll.
Buckler, the only fact you've left out of this very likely scenario and perceptive observation is the fact that every major share price move relating to AEX over the last 2 year has preceded the RNS announcement by 36-48 hours.......
I'd say that only goes further to reinforce your supposition. Make of that what you will.
Hello Edward. or is it Private or Marshall Mathers?
buck, who's pumping and dumping
You're not listening.
But Buckler, your talking Aminex down ! I simply cannot imagine the Government will have strung the Omani's out for so long just to kick them in the teeth with a bad deal. Think about it (in the morning).
Taz; 0.65 (bought), clear R:R (including possible total loss), open eyes, not infatuated, haven't written an Aminex sonnet.
Doesn't change the fact that the company is being pumped and dumped by total morons.
What we need here is actual news, not the guessing of it.
We have this. Just need to watch the new entrants trying to Muddy The Waters so to speak.
Well Buckler, I'm really bewildered (as I guess others are) as to why you are here at all if you bought in at .07p and you feel AEX is a no hoper. Your negativity appears to be based on guessing the government will offer us a poor deal, or are there other reasons ? Enlighten us poor souls please. Looking back, it seems to me in the evenings your dialogue appears to be more free flowing, almost colourful but certainly full of angst. Why not try turning the coin over and looking at the other side tomorrow ?
I am sure I read somewhere an additional 5% or revenues was the bottom line , great for Tanzania and the gov in a run up to an election, but what terms are the majors agreeing in September?
If September is honoured then the bar is about to be set.
Do as I say, not as I do.
Wasn't the whole point of this lamentable exercise that gov.tz thought they were being shortchanged by the existing agreements. I find it hard to see that they are going to agree to the same material terms after this length of time, especially having held a gun to O&G's head for this length of time.
Then if you look to the one settlement i have seen of late, Barrick, they had to pony up the crown jewels and then some, to stay in the game.
"we do not expect" is not a statement of fact.
bucklerfern "it is highly likely the terms of any new agreement will be less in our favour than previous. A point not really engaged in by the members here."
Dr. David Mestres Ridge (Swala CEO) said: “Whilst we do not expect any significant or material changes to the PSA as a result of this review, "
Swala Oil & Gas (Tanzania) plc (“Swala” or “the Company”) advises that the Kilosa-Kilombero JointVenturehasdeclared ForceMajeureundertheKilosa-KilomberoProductionSharingAgreement(“PSA”).In 2018 the Joint Venture resolved the issues of permitting that had prevented access to, and drilling operations in, the Kilosa-Kilombero area. In late 2018 the Joint Venture commenced the tendering process to select drilling contractors and teams.
InJanuary 2019 it selected a drilling team and started planning the 2019 drilling campaign. On the 30th January 2019 it was advised by the Ministry of Energy (MOE) that all mattersrelating to the licence extensionwouldbe notified to the Operator once the government hadconcluded a review of existing PSAs.
Licence extensions are now automatic under the 2015 Petroleum Act (“the Act”) and do not require separate confirmation. The process of reviewing the existing PSAs, which are themselves grandfathered underthe Act, is unclear. Until that process has been concluded, the Joint Venture does not have the basis to ascertain what impact –if any –it may have on the timing and approach to not only the exploration drilling but to any subsequent development that may follow a successful exploration campaign.
Dr. David Mestres Ridge (Swala CEO) said: “Whilst we do not expect any significant or material changes to the PSA as a result of this review, the overall impact is to delay investments until the process is resolved. Until such time, the PSA will remain in Force Majeure whilst the Joint Venture maintains a readiness to re-commence its drilling commitments once all issues are resolved.”
0.65p, purely on the basis that it has to be something close to reasonable R:R here, even if a total loss is likely. Not like it was at 4p or 3p or 2p. Concerns remain. First, as Matt said, public servants (he needed a kick in the arse) and second, it is highly likely the terms of any new agreement will be less in our favour than previous. A point not really engaged in by the members here.
My point about other posters, is not what they are or were saying this week or last, but twelve or twenty four months ago. The ones with the biggest mouths have either vanished entirely or slithered into the background.
Any idea of potential mc on licence extension/transfer of ownership?
Bucklerfern I assume that you are still invested from around 0.7p ish.
I remember a couple of years ago when you bought in at around 3p and sold a few weeks later at 4p, just before the demise to where we are today. You posted that you had invested in AEX and also posted when you sold up with reasons. So I consider you to be a shrew investor and your posts to be extremely enlightening.
Exactly BG, still believe the bod sold out a drill too early, but like you say water under the bridge.
yes agree cperkin, anyway the past is the past, its where we are now that counts, and i'm now beginning to wonder, given all that we know, the PSA license review, the assets, CH-1, and the current share price, are we not looking at a golden opportunity, one of those rare occasions that you might count on one hand
This board has been persistently working on irrational hope. Good chance a cohort of the leading posters have been working together towards a common goal. A goal of pumping AEX despite its very limited prospects (not evident in the share price?).
Those rather limited prospects have been evident for some time. So, why would guys like TipTop, IrishMouse and Drewky, among others spend so much time and effort pumping the **** out of the dog? And we're on what, a two year+ downtrend. Pretty sure the pumpers here have been persistently profiting from fools who don't do their own research.
Next thing we need to look at is posters who are permanently positive despite some very steep draw-downs on the share price. Who benefits? Not most of you. Guys, you are being permanently toyed with and your accounts have been drained as a result. Wake up. Look the posters. Then look at the share price. Then look at your account balance. Pretty sure on reflection it might ring an alarm bell.
Buck are you now s buyer of Aex?
A bit of Paranoia is healthy Bucks and you were quite right in your call down from the top, but you, me or any other poster ever gave a valid reason, no one happened to mention the contract review nor the PSA review.... At the height, they made a great appraisal drill, 12X Gross resources and I certainly expected a back to back drill as did many others.
Bottom line is the assets are much bigger than when I first invested here and the SP much lower, make of it what you will.