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A good reminder from Roger about the 3D seismic results just now. A World Class Giant (less than 1% of gas fields worldwide are Super Giants or World Class Giants!)!
Also worth a reminder that we are at a pivotal point in Aminex’s history and in terms of news due. The last year or two included the 3D seismic (largest ever survey onshore in East Africa they reckon!) but was largely focused on getting the agreements in place to fully secure the asset, so that ARA can race ahead and drill and develop the field…spending another $100m+ with confidence (for which Aminex is fully carried).
Shareholders have long understood these to be the things that needed to be cleared out of the way:
✅ Scirocco deal done (their 25% of Ruvuma going to ARA)
✅ Gas Sales Agreement (GSA) signed
✅ Field Development Plan approved
✅ 25-Year Development License approved by all parties
Those were the things that shareholders said needed to be ticked off before ARA cracks on with drilling - that last one has all approvals and is just awaiting issue by TPDC to ARA.
Production is expected within ~12 months. They’ve got to create the CH1 pad, transport and mobilise that rig, drill CH1, demobilise it, move it to the NT1 site to complete the workover on that well. They will presumably want to build in some contingency and plan to have that lot done comfortably in advance of completion of the pipeline and first gas.
So, the final bit of paperwork is just about to be issued. The one that ARA says “secures the asset”. Then, they have a great deal to do in 12 months or less. So, all those facts point to news very soon, including schedule for drilling CH1.
According to stockbrokers Shard Capital, Aminex is very undervalued at these prices. A great opportunity IMHO.
Oh, and AGM next month. I expect they will want to put on a show! They made a big effort last year. Lots of info. The seismic interpretation team there. Shard Capital too. With the news due and new PR firm in place, I expect this to be a good one 👍
Excitement finished
I think you may have a problem with premature ejaculation my friend as yesterday proved, your excitement at negativity didn't last long.
10% up wasn't it?
Oh dear...really..how about today
Ufufuo,
RE: AGM " expect this to be a good one"
The recent run of very bullish Twitter posts from Aminex certainly points to that.
Put it away, you really don't want to make a mess again.
91joyo do you really think that any of the LTH of AEX give two hoots about daily sp movements, let alone hour by hour movements? If so you really are far more stupid that it first appeared; FYI AEX sp has risen by 75% in just the last few weeks - I don't give a monkey's cuss about what the sp does on a daily or hourly basis and so you are totally wasting your time attempting to scare anyone on this board with trivial micro movements - unlike you we have been here for a long time and have seen it all before.
Actually, why are you here? What are you trying to achieve?
Than after 5year where is licensce.and where is ch-1drilling location?tell me pls
91joro get to school and learn something .again today you mention drugs ,i would bet that you are a taker of cana**** .
oh really?i think i am older than u.
so.tellme is that rns around the hell corner?or where is license one months already.how long take.u guys really forgot first gsa sign years ago. and how long to take toget them when issued?
simple .license not even signed. no drilling location .no plan for anything.scir out of market soon . how long will be aminex ?if tanzania keep do the same ****
Don't spend all that £1.34 at the tuck shop
5year? 91joyo - it is longer than that actually. The wheels turn slowly in Tanzania.
For the information you ask for I suggest that you actually read the RNS's of the last 2/3 years and you will find your answers. You may need Google translate to help you out.
Have you ever attended an AGM? Oh sorry, no, of course not - you would actually have to own some shares for that wouldn't you?
Do you really think that you are going to unsettle AEX shareholders of 5, 10, 15 years standing with your ridiculous vacuous, simplistic headlines - sorry 91joyo, we have seen it many times and from people that are much, much better at it than you.
You are making yourself look like the village idiot.
I suggest that you really try and find something better to do.
By the way Ufufuo I have very little, if any, confidence in anything that comes from shard Capital.
Do a little Googling of the headline below.
"FCA fines and bans ex-Shard Capital CEO Lewis".
Oh and by the way, not much has changed there since his departure, in my opinion.
Excitement finished
Wrong joyo, we still have the weekly 'rns' from Ham'n'eggs to come.
I forgot that Tom. He has been giving the SP a boost in recent weeks
Just think Roger, we could have all taken a 25% premium to market 75% ago, and been happy!
Tom, you say "Just think Roger, we could have all taken a 25% premium to market 75% ago, and been happy!"
I am not sure that I would be that happy - not a great return on a 15 year investment!! :0)
Sorry Pete, I'm just following the official Ham'n'eggs line.
Break even is a great return on investment some here would have you believe...