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We also had Kiliwani generating $800k a month.
At 7p we had a market cap of about £250million, we have more shares in issue now so 6p would be £250million. We also had 75% ownership, we now have 25% with a free carry, but we also have more gas in place. Also ch1 is an appraisal well which could be put into production quickly, depending on other factors, rather than a wildcat exploration drill with the euphoric rise and then massive sell offs associated.
Don't have details as I can't access atm
🐝🐝🐝
Tommo 1944 ...you don't have to be so hostile... don't take part if you don't want to...if you have nothing constructive to add I suggest you trot on and don't be annoying yourself
Please stop doing this sort of thing. It's the kiss of death for any share. Buzz off.
If it keeps rising like this, I don't think that will be out of the question. The size of the field certainly justifies it imo.
What are people's predictions on SP post drill?
I'm going to say 11p + given we reached 7p on nt2
This time next year we'll be millionaires....rodney...
but seriously, patience is beginning to pay off... might even cover my SOLO losses......
Another lovely result to the day.
At this pace, we could get to 2p by Friday eop 😊
Yes they are playing games and seem to be holding it back for some reason
15 % back-in rights, is originally as it was and is excellent new that 5he TPDC couldn't negotiate it higher.
Not my understanding of their wirds Crusty but we will find out next month when we can clarify. I agree they mentioned 20% was asked for but I maintain the negotiation. I think it was you that asked the question. No sweat
The official spread closed at 1.525 mid price and with a closing bid at 1.4p of course. However as there have only been three trades below 1.50p since about 8:45 this morning I am satisfied that we did close above 1.50p by any realistic criteria.
Good news :0)
Maybe they did but years ago, not since the last AGM... I repeat - he BoD said at the AGM last year they were expecting a 20% back-in.
TBC on 27th of course but as I have said umpteen times, I am not making it up.
That’s correct RJ, The Board did indeed say they had negotiated it down to 15%
My understanding from the question raised at the Agm was 20% was muted but negotiated back down to 15%
As Highyeild. I remember in the past you coming up with stuff like that. Would you like to support with some facts and a link please as I recall nothing of the sort.
PS if you read the RNS you will know an AGM has been arranged. Look forward to seeing you
Oh, I think we'll be just fine! From Shard Capital report of 25 May 2023:
"Therefore, as a point of reference, we note two potential value points that we believe the market may consider when deciding how much value to recognise should the 2Tcf be confirmed:
1) Extending the plateau of 140mmscf/s for 20 years, would result in an increased average annual FCF of c$25mm/year, and an approximated asset value of £175mm (~4x the current market cap), using a simplified 12% discount on FCF in perpetuity model. We note that in this case only 1Tcf of resources will be utilised in the 20-year period.
2) Theoretically, increasing the plateau to 250mmscf/s for 20 years would effectively exploit almost all of the 2Tcf of gas in this 20-year period. This hypothetical case, in our estimate, would generate an average annual FCF of about $40mm, representing an approximated asset value of ~£275mm net to AEX (~6x the current market cap)"
So, Free Cash Flow for Aminex of somewhere between $25m and $40m if the 3D seismic results were 2tcf. Obviously, they were very much higher than that.
RoJo, alias mr " Gordon is a moron " la la la la la la. Sorry its my warped sense of humour. lol
Don't be a twat.
Are you sure you're not haggis?
Oh yes they do Rojo..... they are more than aware of what he is "on about" ;0)
HighYield - nobody here has a clue what you're on about!
So Highyield and as you well know - the terms of the Wentworth and the Kiliwani and Ntorya PSA's are totally different due to the arrangements around the "infrastructure" , offtake and the payments for the gas. The two are not comparable.
Moreover all PSA's have since been reviewed and many amended - 15% that is referenced in the Ntorya PSA may have been superseded by the now maximum of 20%. We have never been told that ours has changed through RNS or anything else but the BoD have referenced 20% being the TPDC entitlement at the last AGM. It is one of the things on my list of questions for the forthcoming AGM.
However until and unless you become an AEX shareholder I suggest the answer is hardly likely t be of any interest or relevance to you.
You're sounding more and more like haggis crusty!