Member Info for Aimster

IMO before the SP starts to move dramatically upwards we need a forward plan for the Bonds repayment and also a forward plan for the business.

“In addition, we continue to work very actively on next steps beyond H2 and expect to provide further updates shortly."

I expected a late IOG rally with Uk gas price now at 90p/therm

Now 89p/therm

* P a k I s t a n

it’s the sudden jump to 80p/therm.

is it the anticipated pressure from asian for lng

just announced around midday :

“state-owned ****stan lng (pll) has announced its intention to secure nine lng cargoes during the months of october, december, january 2024, and february 2024.

Any idea what’s driving that?

https://tradingeconomics.com/commodity/uk-natural-gas

If IOG get 35mmscf/d from H2 and say an average of 8mmscf/d from H1 even with gas price at 80p (say year average) it still over £100m per annum. That’s £50m to IOG . Why would they need a do a raise? They should be able to pay off the bond debt from revenue rather than declaring taxable profit. Don’t forget the 91p in the £ tax relief from any drilling operations.

No bricks Jolly, just facts. No I will not be attending the AGM. I do not have any strong emotional attachment to any share in my portfolio that would drive me to attend an AGM. I’ve been down that route before at a financial cost.

Get in after placings or a bad RNS is my strategy now. I do hold a small holding in AEX whilst waiting for things to progress.

Anyway get out in the sun and have a good weekend.

Nothing factually incorrect with any of these RNSs AT THE TIME of printing.

8 April 2022

Whilst seismic operations continue, APT has further advanced the well planning for the CH-1 well with all long lead items contracts now executed. APT reports a target spud date for the CH-1 well in NOVEMBER 2022.

1 November 2022

Aminex has been informed of a delay to the spud date of the forthcoming Chikumbi-1 ("CH-1") well by the operator, ARA Petroleum Tanzania Limited ("APT"). Due to ongoing negotiations with the Tanzanian authorities and contractors, Aminex has been advised that the expected spud date for CH-1 has now slipped to MARCH 2023 due to rig availability.

2 March 2023

Aminex has been informed by ARA Petroleum Tanzania Limited ("APT"), the Operator of the Ruvuma PSA, of a further delay to the spudding of the Chikumbi-1 well ("CH-1")

So now there is no Spud date for CH-1. I could have gone back to when CH-1 was NT3 etc. but whatever.

So we are nearing half way through 2023 and nothing substantial has happened (surprise, surprise). The items on Jolly’s list will eventually happen, but take any timescales stated on an RNS with a pinch of salt.

As I’ve stated before, anyone investing from a 1p share price will not lose money. The biggest risk with Aminex IMO is communication. If we do not get a regular RNS of positive progress, the SP will peak and drop back and some investors may never reach their targets. Something to drive home to Charlie at the AGM. (Ie monthly updates)

6th June at the end of Jolly’s list:

“All fully funded and all expected this year! ”

Jolly post your list a 100 times a day. Most intelligent investors know the situation here. You are seen as a Joke!!!

Perhaps we should have an award for “Joke Poster of the month”. Now Haggis had gone, it’s down to you.

Well done Jolly, congratulations.

CPerkin … go and have a long hard look at yourself in the mirror and please what ever you do, do not take one ounce of credit for investors getting in at the bottom of a share price. You and your 22,000 posts were long gone by then.

2360 days.

CPerkins you refer to the 2 week Flow test scheduled for end of March and the 3D Seismics that start nearly a year ago.

I would have thought you would have learned your lesson with Solo/SCIR. Constantly posting Rose Tinted RNS references for years following the SP from 5p all the way down to 0.5p costing naive investors £000s.

2359 Days since the start of our last drill.

21 Dec 2016 was the Spud date for NT2.

For LTS (Long Term Suffers) how many times waking up hoping for some positive news only to be disappointed with no news. How many times have we been let down by constant delays. How many times “This time next year Rodney (Jolly) we’ll be millionaires.”

What’s coming, compliments of Prosciutto:

Julius Nyerere Hydropower Project (JNHPP), otherwise known as the Stiegler’s Gorge project should be ready late 2024. At 2,115MW, its capacity is higher than national peak capacity today.

Tanzania’s power utility firm Tanesco entered into a joint venture with United Arab Emirates' Masdar to generate a further 2,000MW of electricity using renewable sources by late 2024.

Looking like Aminex maybe to late to the party. What’s the point of having Mega gas resources in ground if nobody needs it. Look at the proposed LNG project. Tanzania missed a golden opportunity by not doing a deal with the Majors over 5 years ago. Sad state of affairs.

A broken clock is right twice a day. Jolly just one day, yes one day you might be right.

Last man standing here, it seems even Haggis has given up the ghost.

Jolly… you are so easy to wind up!!! Time to post your list so you can convince yourself of what’s to come this year.

Sorry jolly .. I forgot first gas is Officially in October as stated by the latest RNS. Did it state which year? Lol

Following PRD, with the change in company strategy every month, the confusing naming of Wells and the limited success of drilling Mou-1 and Mou-2, it reminds me of the Chandelier sketch in Only Fools and Horses. Paul as Del Boy, Lonny as Rodney and GRH as Grandad. I just hope Mou-3 is third time lucky for shareholders sakes.

Guercif may be the biggest natural gas field in the universe, but the question is, will Del Boy and Rodney deliver?

This is what happens when you wait years and years to capitalise on a natural gas resource. Hydro power is already here, but solar and wind are on the way.

“The first solar power generation agreement (50 MW) was signed

The Ministry of Energy through the Tanzania Electricity Corporation (TANESCO) has signed the first solar power production contract of 50 megawatts to be implemented in Kishapu district in Shinyanga region.

The agreement was signed on May 29, 2023 in Dodoma and witnessed by the Minister of Energy, Hon. January Makamba who was an official guest.

In general, the solar power project is of 150 megawatts where the first phase will be built plants that will generate 50 megawatts and the second phase will be built plants of 100 megawatts for a total of 275 billion shillings.”