Member Info for Aimster

Mrc …..wrong again with your scaremongering:
“My main concern would be that TPDC are a Tanz government body and no doubt horribly inefficient and bureaucratic.

An alternative scenario is that they (or a key official) want ARA to have it and are deliberately slowing it down to squeeze SCIR out. Wouldn’t be the first time in Africa that a brown envelope did the talking.”

Also Mrc what’s this statement about? Who are you?
“I have put a proposal out there to create a private fund for the benefit of existing shareholders should the milestone payments be received for Ruvuma further down the line.”
I’m absolutely baffled by your motivations to post every possible negative outcome for this company. What is your objective and why? Is it for revenge of some sort? Who’s upset you?

Mrc … read Crustypete posts on AEX. He is a very LTH of AEX and attends all their AGMs. He stated that after a conversation with their chairman that ARA would not want to tarnish their reputation by taking SCIR licence by default, especially when they are getting it on the cheap anyway.
Crustypete is well respected on the AEX board, in fact polar opposite to you on this board.

Mrc … why do you take so much pleasure out of others misfortune? We all know the situation the company is in and nobody needs your constant daily grinding posts. There will be NO relinquished license. At worst, the company will get their first $3m and we just have to make sure they spend it wisely. Now do everyone a favour and do one, else karma will be coming to get you.

Thanks D2B. I did say 10 minutes research. Lol

Article in Gasworld 4 May 2022 and investing dot com shows a Helium price chart for the last 12 months.

After 10 minutes of research, am I correct in assuming that global Helium demand is gradually be met and the price has been decreasing over the last few months?

With the 3D Seismic results hopefully not to far away, I was just thinking of possible scenarios.
1. Increase in resources and NO change to CH-1 location.
2. Increase in resources and CH-1 RE-location delaying the drill probably to early in new year.
3. NO increase in resources and NO change in CH-1 location.
4. NO increase in resources and CH-1 RE-location delaying the drill probably to early next year.
My gut is telling me scenario 2. Ie 3D optimisation for location.

Panch …. Our neighbours Wentworth are knocking out on average 90 MMcfd and they have a market capitalisation of around £40m the same as AEX at a SP of 1p. Albeit less resources and no excitement from any drills in the near future. So what will happen to AEX’s SP when the gas field is fully developed selling 140 MMcfd?. Nobody here knows.
Once the Ruvuma pipeline is connected to the main pipeline IMO that will trigger more international investment and well over 140 MMcfd but how many years away?

“Ntorya development by the end of 2024 and targeted production of 140 MMcfd (million cubic feet per day)”. …..just to clarify 140 MMcfd is NOT at the end of 2024 but probably a few years after.
Also when has the Tanz Government fast tracked anything?

Alcapone you’ve gone on done it. Ie Mentioned 10p. Well I suppose you never used the P word. If you did, a sure fire way to jinx the drill.

Steve ….. looks like Tom had finally got out of bed now.
I hope they don’t give up Kiliwani as I think that you are correct in that low development costs with the potential for a better revenue stream than the AD plant.

Also not long to find out if the CH-1 Drill Pad needs to be relocated. What’s the point in 3D seismics if you can’t optimise.

Tanzania
The Ruvuma gas field is right at the end of a 300-mile 36-inch gas pipeline that goes all the way up to the capital city of Darsses Salam. So know issue with connecting the gas to the main pipeline. I THINK it’s around 30km away. Someone can correct me on this.

Hi Tanzania

My 4p SP prediction was based on the CH-1 drill ONLY. When the field has been developed to warrant a pipeline (maybe after CH1) and the GSA has be signed off, I would expect the SP to be a lot higher (less risk investors jumping onboard)

The 4p for CH1 drill was based on taking the SP graph on the run up to NT2 and factoring accordingly. Taking into account that now only 25% vs 75% albeit fully funded to production plus a large number of investors were spiked at 4-5p after NT2 waiting for NT3 and have been averaging down since, apart from a few like CrustyPete who IMO reads the market pretty well and probably has 10m+ shares at an average of around 1p. These LTHs will have a sell trigger point below 4p.

As Pete pointed out if a large number of rainbow chasers turn-up and Haggis keeps up the good work at pumping and is joined by a few others, we may go above 4p but it will not be sustained.

Tanzania, listen to CrustyPete he is grounded and realistic, but as Haggis rightly pointed out, no-one has a crystal ball.

Haggis posting “You can be sure that Tanzania wants as much gas pumping as it can get, as every MMcfd is saving them money.” Yes Wentworth & PAET currently supplying and not at maximum capacity.

Haggis posting “I have no plans to sell any this side of gas sales, as once into gas sales the price will be at a new high for the past 10+ years I've held it. In fact, I'll be buying more whilst the price is a bargain.”
So he plans to pump this stock on a daily basis for the next 2 years without selling!! Pull the other one. Lol

Haggis .. On another point, institutional investors will not touch a small cap. Market cap £300M+ maybe.

Haggis … my response was to Tanz from my original post earlier in the week. The 4p SP roof was for CH-1 only.

Tanz …. My correct posting was “although I can't see the SP going above 4p (£150m MC) in any scenario.”
That includes a large gas play and an oil discovery. The main reasoning was that 4p would be above the bailout triggers for a lot of LTH. The only caveat is that if a MASSIVE herd arrive, as Pete pointed out. A lot will pump for an oil discovery after spud (including myself) but the reality is it would be years before oil could be monetised.
Tanz at least Rojo aka apache will be long gone if he sticks to his word.