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Haggis you missed option 4 !!
Perhaps, just perhaps, I know it’s a long shot but just maybe Oil didn’t show up on the 3D Seismics around the CH-1 location.

Oldandwiser …. You are likely to get hung, drawn and quartered referring to GRH like that!

Keep your eye on the prize!! Although with every RNS the company strategy changes. PG is like a headless chicken. I’m sure if PG decided to sell the mud from Mou-2 to a pottery company, you lot would think it was a great idea.
My advice to any newbie, buy the shares just above the Placing price and sell when you’ve made 20% profit. Don’t get greedy else you’ll get caught out with the next placing. Just use your gut feeling and DYOR. Not research on the TCFs in the ground but research on the bungling BOD.

Also Mou-1 wasn’t mentioned in the RNS because they have no idea when testing will commence. IMO it’s because the authorities are now aware that explosives need to be transported with Police escort etc. and the amount of red tape involved must be horrendous. It could be 1 month to possibly 6 months before that issue is resolved. Just the mention of explosives to the Moroccan laymen must ring alarm bells, especially the poor old Major.

In fact HM, 6-7 years ago the posters on AEX were making similar calculations putting valuations for Gas in the ground in excess of a billion pound. Also making a comparison to Cove.

Ok HM, how about Aminex 50% for $40m. Were AEX a distressed seller? And will PRD be a distressed seller?

PRD should be called Peckham Resources Development because at the moment, Del Boy & Rodney could do a better job.

To put things into perspective, SCIR is in the process of selling 25% of well over a TCF in North Africa (Tanzania) for a maximum of $16m, which includes production clauses. I hate it when posters fool potential punters with Gas in the ground valuations.

I’m tempted here although it does remind me a little of the David Lenigas days. I’ll see how it pans out after the placing shares are flipped.

Does anyone have any idea what the value of a sale would be, based on existing resources?

Roger … it’s basically impossible to call the SP spike for CH1. When NT-2 was drilled there was expectations of NT-3 being drilled back-to-back, so there was less concern about being “spiked”. This BB had some quality rampers. Tiptop being the best. In those days Pete, who IMO was the most knowledgeable poster with regards to AEX (and by far still is), even his posts were positively biased. Sentiment has also changed since those days. There seemed to be a multibag O&G every other week. Will the herd arrive?

Winalot … at last a poster with realistic expectations. That’s my expectations around 2p support at year end, although we should get a good spike on the CH-1 drill and possibly NT-1 sidetrack.

Haggis stop embarrassing yourself
“Suppose AEX paid out 0.55p per share dividend, Today that is a 50% return. If the share price is 5.5p later this year, the dividend is then only 10% return for buyers of the stock at that time. And next year if the price goes to 11p then the dividend becomes 5%.”

Roger wake and up and smell the coffee. You mean Traders that post stuff like this:
“ The results of the initial 3D seismic processing and interpretation, to optimise the target location of the CH-1 well at the Cretaceous reservoir level, will be available by mid-March”
Insinuating that RNS news will be available mid-March and naive punters buy in pushing up the SP. So it’s now mid-March and no news and the traders sell off some of their shares. You know who I mean. Do you get it.

Well Smudge this is what RoJo posted Yesterday!! Very useful information.
“We'll see the SP drop tomorrow, and it will be back to Haggis as normal.”
Anymore tips RoJo? When do you think the SP will break the 2p Barrier?

Made me smile Haggis reposting a post of how he predicted an upward trend for the SP this week.
Out of 7000 posts he finally predicted something that has actually happened!!

haggismchaggis1
Sun 22:01
Posts: 7,649
Price: 1.125
Good points!
Maybe the share price will start creeping up again with all that on the way. :-)

Playing nothing original, just old news RNS covers.

It’s like CPerkin posting earlier “It is expected that the GSA will be agreed and finalized shortly.”
If I had £100 for every time the word “shortly” was used in an Aminex RNS, over the years, I would be well on the way to becoming a millionaire!!! IMO the GSA will be agreed around the same time as the SCIR deal, which has slipped into Q2.
IMO the only event, in the near term, that will give the SP a real boost, would be a good result from NT-2 work over with 30+ mmcfd flow rate achieved.

Gaslady … In the context that the CH-1 drill is in the distant future, does CH-1 location confirmation really matter?

Yes we should see a gradual upward trend with snippets of positive newsflow. The only near term risk is if NT-2 work over doesn’t go to plan which may scupper first gas timescales.