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Prosciutto will be there because Prosciutto likes a good mass debate over AEX.
Prosciutto - buy a share and go to the AGM and put your concerns / questions to the directors yourself. I expect all shareholders would love to hear the debate between you.
Forgot to mention. I will be at the AGM unlike the Wednesday keyboard warrior and his author that wont be anywhere near revealing themselves.
One guess who from?
Winner gets a coconut 🥥
" On 9 June 2023 the Company announced that representatives of the Company and M&P had attended a preliminary hearing before the FCC in Tanzania on 7 June, at which various Tanzanian governmental parties were present and that a number of concerns were raised which may impact the likelihood of the FCC to approve the Acquisition in its current form." Wentworth June 12th, 2023
Not exactly ' investment friendly' news. If this Wentworth / Maurel & Prom deal falls through, Wenworth shareholders will find themselves transforming back into the same helpless predicament that Aminex is currently in with no control over anything. Wentworth share price is not reacting well to this news,
Multiple levels of bureaucracy need to align. The Ministry, TPDC, TRA and the Fair Competition Commission all need to be satiated and that is a very tough task considering how voraciously hungry they are.
1) How is the Scirocco Energy deal moving along? Unless there is a resolution, ARA may elect to slow things down at Ruvuma.
2) How many brown envelopes do you need for the outstretched hands?
" .... this is Africa. The local lads will be queueing up, hands outstretched, to discuss "the fees" required to (i) satisfy the minister, plus (ii) to forego TPDC's rights of pre-emption to take over the Mnazi Bay asset and plus (iii) for final approval by the FCC.
Only after all those shovels have been inserted into the £61 million on offer from the purchasers, will WEN shareholders get their hands on whatever is left over. And as for a completion of a takeover by 31st December, it's most unlikely to be 2023. Pick a different year, the local lads are in no hurry to cut a deal. Just look at the troubles Tullow have had in monetizing their assets in both Uganda and Kenya, geographical next door neighbors to Tanzania. Not a single barrel sold since major oil discoveries some ten years ago." 1. gewillia on WEN chat board Jun 11th 2023
3) How long are you willing to suffer with these delays?
4) How far will the price drop with the next anticipated Capital raise?
We are still waiting on the Ruvuma 3D seismic interpretation. You really don't want to read about " small stratigraphic traps". Remember, this is still an exploration asset and not a development asset. Chikumbi needs to come in big as an outlier success.... no small feat. You can't rely on the poorly imaged 2D seismic but the 3D seismic will provide that binary decision point.
Aminex exhibits a life of desperation whilst the clock counts down and the ' lost opportunity ' costs continue to soar. Encourage the search for a strategic alternative such as a takeover of Aminex. Be happy with a 30% premium to market and hope to hell the takeover will secure regulatory approval.
At the AGM, it will be interesting to hear how management plans to make a silk purse from a sow's ear. The challenges are formidable to say the least.
For his part, the Head of Mtwara district Hanafi Msabaha has said, the Government of the sixth phase under President Samia Suluhu Hassan has planned to complete all the projects that are of interest to the Nation.
The district will ensure that we manage and maintain protection so that this project is implemented without challenges and completed within the scheduled time," he said.
https://www-mwananchi-co-tz.translate.goog/mw/habari/kitaifa/bomba-la-gesi-laacha-sh437-milioni-kwa-wananchi-mtwara-4277554
A big focus by government and district to complete on time, so put any thoughts of delays into the bin.
Number of motorists using natural gas soars
DATIVA MINJA
24 hours ago
https://dailynews.co.tz/number-of-motorists-using-natural-gas-soars/
Buys it's not late? Irish listing rules say they have 15 months between AGM's, as advised on email to anyone that asked.
2022 notice of AGM, 4 May
2023 notice of AGM, 20 June
Difference 13 months 17 days
2022 AGM 26 May
2023 AGM 13 July
Difference 13 months 18 days
So still well withing their 15 month limit. Not late at all.
Let me know if anyone fancies a late lunch after the AGM or even a few beers and, if so, I will sort something out. The venue is only 12 minutes walk from our London offices and there are plenty of options.
It wouldn't surprise me to see an operational update before the day of the AGM.
Well you've partly answered your question, except that news or certain parts of it, namely GSA, licences extention etc must be very near or indeed ready for publication, if that is, they the TPDC/Government intend to produce gas by the end of this year.
And before you start
I know there is lots of news ‘on the way’
Autocorrect/Typo, ‘going backwards’
Everyone’s expecting news…. There is no news
What do you think will happen to price today?
Hope I am wrong
What ?
Guess this is going’s clears again ffs
Date of issue 19th June 😜
Apologies, its 13th july,
long day. Lol.
Look again, it might have changed : )
I just checked on website, it’s says AGM 19th July? (Not 13th) not that it matters for a few days, hopefully RNS tomorrow to confirm date and hopefully other news.
RNS tomorrow morning I guess, I wonder if there's any other news to accompany it ??
Not even announced 🙄
In London this year. Meeting docs on the Aminex website.
Come one, come all!
Fat fingers and predictive text Grrr. Need a phone with proper buttons
Quite possible bullfrog, but as said the timing of the different companies lined up, so I did suspect that we may not spring drill as planned. There are not many drills available that are suitable so I tend to look at what is in use or contracted nearby. As I said I might be totally wrong but it was hell of a coincidence. What you say makes a lot of sense though. Ara ate now on a position of leverage, and I remember a gew years ago when Wentworth were mot being paid it was only through using leverage that they started getting regular payments. Thankfully we are fraling with a different regime, but getting a GSA and FFD contracted before major spend is imperative imo.
Yes bufrog, something like that I do believe.