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...and another one !
Oh Rojiutto, you disappoint me. I honestly thought you might do better this time. Just banging the same old rather battered and broken looking drum!
I’ve outlined the explanations and assurances given by The Board regarding the balance of current liabilities and current assets perfectly clearly. The situation regarding tax claims and the TRA was at the heart of that. The situation has been the same for years. The Board has been explaining that there should not be an issue because of part of the balance relates to disputed tax amounts – some of which may never need to be paid, the rest likely to be under negotiation for a long time. That has proven to be true.
With that situation still unchanged + a loan facility now in place should they need it, Aminex looks well positioned with the financial provisions it needs to first gas and significant revenues.
Your ongoing attempts to instil fear of a potential placing are therefore unjustified and misleading.
And still a possibility to find oil in the up-dip traps that haven't been tested yet.
Talking of dreamers...!
Ah yes, isn't he known as the Alf Garnett of Aminex, and doing a great job of demonstrating it today. Anyone would think he sold out and wants back in cheaper, of wants to load up before the incoming licence presentation ceremony and associated mega fanfare in Tanzania coverage of it.
"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"
I said last week that Tanzania would sell it as "cheap gas for everyone " and that is what they are doing.
Also, the recent comments made by the Deputy Prime Minister and Minister of Energy saying the press need to go uber positive and talk up the gas, again it is to get EVERYONE hyped up about the huge gas resources being developed for their benefit and get them all onside.
Our PR has likely been requested or suggested to us directly by the Deputy Prime Minister and Minister of Energy, as he wants us to help get EVERYONE onside.
Imagine how this promotes people in business to now want to switch to gas, or expand because more gas will become available, or general public wanting to switch to gas to stop burning forests, or neighbouring countries looking at ditect pipelines. It all adds up and there's nothing negative about it.
Crusty is a realist (not a dreamer)
Hope you wont be such a misery guts at our AGM lunch meetup lol
Bloody hell Crusty I see why you chose your name 🤣
Oh and by the way BG the Dev License has been in for how long? Years!
Many a slip 'twixt the cup and the lip, BG ;0)
Here's hoping no more come.
"Just as they could have done 6 or 7 years ago BG.... they were spouting the same old tripe then too."
No no no Crusty, I know this is Tanzania, but in any country these projects takes time to get proved up to the point of development, it takes years, but that is precisely where we are at. Yes they'll be singing from the roof tops now
Yes, I expect them to be tweeting a lot more in the weeks to come, and why shouldn't they, what a fantastic gift the Ntorya gas field is for the Tanzanian people. Yes sing away little bird 🙂
Just as they could have done 6 or 7 years ago BG.... they were spouting the same old tripe then too.
"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"
In my mind, there's two words there that pop out, (needs and availability) Well the thing is, now after the great resource update for Ntorya, the tpdc can now address those needs of the Tanzanian people by ensuring the availability of this easily accessible giant gas-field
Don't burst Jollyboy's bubble Crusty !
I see Prosciutto is really grasping at straws now. Is that really the best you can come up with? If so, I suggest it is time for you to quit, That really is a pathetic attempt.... that's it? Well nothing there to scare the horses. And to compare He1 with AEX is just ludicrous and the fact that you use that as a comparator demonstrates how fundamentally flawed you perverse logic actually is. If you think anyone will be fooled by that you are seriously misguided and wasting your time.
Find your self another pastime for your Wednesday coffee break Prosciutto, your time here is wasted.
MMS have reduced bid - ie sale - price from 1.15 to 1.10, but no takers. Might be running out of stock?
Some good buys around the 1.20 price
Hopeful of licence being delivered very shortly and then expect more buying
"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"
Blimey oh riley, I must remortgage my house!!
No RJ, same old same old platitudinous hogwash that they have been trotting out for years. It is not rolled out for the benefit of AEX shareholders but sycophantic Tanzanian voters. And even they have heard it all before.
So RJ it was edgar that posted that link and nothing to do with AEX or AEX's PR "machine" unless they are now paying edgar222? Moreover if by posting this piece of vacuous hot air you, or more poignantly the BoD, think it likely to bring AEX to the attention of the hoards of potential investors then I am afraid we are wasting our money :0(
Little and often mate thats how you reach people.
"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"
The significance in that is "and the market around us" with Uganda announcing just last week, a study into a pipeline for gas from Tanzania, you can see that there are plans in the offing to export the gas. I see relevance to aminex and ara in that. I'm sorry if you can't see that it potentially bodes well for investors here but I'll not ridicule anything that is positive for the overall project.
Tell nobody what RJ?! That is exactly my point. What exactly is this article telling anyone of any value? There is nothing in the article posted by edgar worthy of telling anyone let alone an Aminex shareholder - it is of absolutely no consequence or value and of spurious relevance.
But if it get's you and others singing from the rafters you lap it up chap.
Ok Crusty you win, tell nobody, keep it under your hat, and see how many come? Of course you need PR that is why companies spend fortunes on it. Do you really think that Ara and Aminex have hired this new PR company knowing and expecting no return on investment? It is not all about chasing a herd of people who do little but day trade.
I've been interested to know how you would attract people to buy without telling them it exists 😁
Everybody lives by selling something
#AEX #AMINEX
The 25-year Development licence has been signed by all Government Departments and the Minister of Energy. The formal hand over and award is expected in the next weeks via RNS. This allows development production & sales of gas for the next 25 years over the 338 km2 licence area. The largest onshore gas discovery in East Africa.
Size of the prize
3D Seismic was completed over 338 km2.
The 3D dataset has revealed, for the first time, considerable undrilled exploration potential within the broader licence area.
The new volumetric studies result in a total updated unrisked GIIP volume for the Mtwara Licence of 16.38 Tcf
Next Steps, note: 2 drills have already been successfully completed over the discovery.
Formal issue of the 25-year development Licence expected in the next few weeks.
Re-enter and repair a tubular leak in NT-1 to enable the well to be safely completed as a gas producer.
Undertake further testing on NT-2, currently suspended as a gas producer, using a mobile test unit, to refine the design of in-field gas processing facilities.
Contract a rig operator to undertake the drilling of the CH-1 appraisal well to further derisk the asset and, if successful, complete as a gas producer.
Note: In Tandem the Taz Gov are building a gas pipeline to a nearby gas processing facility with sufficient spare capacity.
What about Funding?
AEX previously farmed out the asset to a division of the Omani Zubair corporation.
AEX is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry is expected to see the Company through to the commencement of commercial gas production from the Ntorya field at zero cost to the Company.
AEX have a small loan agreed with the Operator (The facility is for $3 million, available for up to 24 months) to cover any G&A costs between now and expected production Mid 2025
Sizzle?! Lol. And you seriously think that a piece of meaningless hot air from the TPDC will have the hoards stampeding for the BUY button? Get real RJ.
They have been peddling this nonsense since 0.45p
Bad case of gout I believe.