Member Info for Aimster

AA .... don’t take the bait. He’s just winding you up. He has a poor judgement of long term asset valuations and market sentiment.

SCIR will expect a full breakdown of costs and timescales. That’s why they specified CH1 spud date as January 2022.

If APT are under no obligation to inform AEX on progress and costs, they definitely are with Scirocco Energy, who in turn would inform the market.

I expect the ONLY dilution to occur is in the run up to the CH1 drill, when the MC will be well above £50m. If no farmout or sale after CH2, there may be dilution after the revised CPR is released and 25 year development licence is awarded to supply gas to Kenya and power the heating stations for the Uganda to Tanzania Oil pipeline. By then the MC will be well above £100m+ so who cares.

I’m hopeful it will start to come good before the end of next week! Never mind next year.

Now that they’re below the 3% threshold they may have sold more. Expecting a deal to be announced within the next 2 weeks or I will start to become a Caddy/Burning poster.

Food for thought. What if we had let Neil purchase the 2nd tranche of HE1. We would own almost 10% of the company. Good old NR.

There’s good indications that Ruvuma gas will be used to power the heating stations for the Uganda-Tanzania Oil pipeline. Also possibly exporting gas to Uganda and Kenya is on the cards. Over valued my ****

Yes BG. After CH-1 I’m hopeful that late next year we will announce that we will supply the gas to power to heat the oil pipeline and maybe, just maybe export gas to Uganda or even Kenya. Any other route will take years to build up to over 100 MMSCFD.

They can have a gross pay of 500m with CH-1 but that doesn’t matter unless there is a route to market for it.

Heavy rain forecast for at least the next 2 weeks as Tanzania enters the longest rainy season April-June.
Mobility over the dirt tracks becomes hazardous in vehicles. The drills will get done but don’t get concerned if delays occur.

Looks like the rainy season is about to start with a bang. May have an impact on the drill program.

Just reviewing yesterday’s posts and IMO this is where we stand. As more time goes by it makes more sense to keep Ruvuma until after the CH-1 drill. I don’t believe the SP will hit 10p like BD. NT2 peaked high because NT3 was was expected a few weeks later. A lot of investors would see CH-1 as a way out, suppressing the SP. The SP may get to 5-6p and if the BoD had any sense they could organise a Placing on the run-up to the drill, to obtain monies to get us to production.
Will the BoD drop their current strategy? I don’t think so. The Green Energy presentation from a couple of months ago showed 6-8 projects on there and that is a lot of consultation work for Gneiss.

Steve .... IMO they will not hit the sell button until drilling starts when HE1 SP will be over 20p by then.
It’s a rampers dream!! My frustration at the moment is I don’t have any more spare cash available for HE1 and only have a small holding at 6.8p

If investors want a stake in HE1 they’ll buy HE1 shares especially with all the hype. They are not interested in a 4% stake worth £3m, £4m or whatever when a billion Market cap is being discussed on the HE1 boards.
The BOD need to pull a rabbit out of the hat here before the end of the month.

CPerkin I agree that the sale of Ruvuma is around the corner. They’re desperate for cash and the brokers note is to soften investors up so that $20m, or slightly above, is seen as a positive.

Don’t take any notice of MRC. He’s been rumbled on a number of occasions. Obsessive deramper on SCIR BB and now also on HE1 BB I see.

ShouldveResearched : “Oh thanks CPerkin, I never thought of that”

Well a couple of truck loads of liquid helium is worth in the region of $1m. I don’t know how much a couple of trucks of chickens are worth.
What do you think the transport cost are? That’s your homework for the evening.
Please DYOR as you come across as a real dumb ar*e.

ShouldveResearch...
1. Go and calculate how much a tanker of liquid helium is worth, say 40,000 litres.
2. Now calculate transport costs.