Member Info for Aimster

I would also include Gaslady for the 3rd room selection criteria. In fact, I would put the 5 of them in one room together and with Jolly’s list stuck to the wall, they can then have sensible discussions on Aminex all day long. Tick one, Tick two, etc over the next 10 years. (It’s only banter)

If we don’t get an RNS later today or at the latest 7am tomorrow, it was a fake news. (Probably down to translation)

Are we sure the post does not relate to the PSA Addendum which sets out the relevant terms for gas production? Old news?

Has anyone else located this post on the official Tanz Gov Energy site? I can’t find it and does the translation mean the GSA? The latest news on the site is related to Solar Energy.

'TPDC and the investor of the Ruvuma Block with approximately 1.6 Trillion Cubic Feet have completed discussions and signed the Natural Gas Supplement Agreement, Minister Makamba'

SPA … TD should have been reached last week. I expect flow test results next Tuesday which leaves 3-4 weeks to hook to go the gas network (as per RNS …ie. still on schedule to complete by end of Q2)

“A quick calculation of a 10-yr, 10% discounted NPV still gives a value of several hundred million $. “

That’s $70m per year, not including dilution from production capex etc. which is less than our current Market Cap. Albeit from just Tai but expecting at least 50% dilution to get to production.

Amz ….Rob Breckon covered that issue at the weekend. It’s probably because some were expecting flow test results possibly today. By my calculations flow test results should be a week today.

Just looking through the presentation and noticed Mou-4 drill scheduled for July. Do we have the funding for the Mou-4 drill or will there be another placing within the next couple of months. Apologies if already discussed.

This is more like Paul and Lonny:

https://youtu.be/OxLrsn9ZsiQ

What HE1 should have done from day one is sign an independent Rig agreement with the contractor that includes a clause that if Noble signs their own Rig agreement before HE1 has completed their drill, let’s say at the end of August, both would get a disclosed discount.

I’ve stated before that a farmout of a license in Tanzania takes forever. At least a year. So who ever JVs with Noble, will have to loan them monies until the farmout deal is complete adding additional complexity to any farmout deal.

In order to meet our Q3 drill schedule, it must be getting close now to where we have to go it alone anyway.

IMO I don’t think we’ll get any news until the end of next week, when flow test results should be available.

Hey Jolly boy .. I also did a 2am to 8am stint at Wigan casino (remember that?) Nearly crashed my car driving home falling asleep at the wheel.

I saw the Stones before Knebworth at Granby Hall Leicester. We were at the front and I remember that the volume took a bit of getting used too. My ears rang for a couple of days after.

Now 40 plus years later, reminiscing with Crusty and RoJo about Knebworth. Strange old world.

I was never a Lynyrd Skynyrd fan, but 10cc were good from what I remember, from drinking cider all day.

SPArmada … it’s not a rumour it’s just his nervous opinion of having experience with the previous BoD. Personally, if H2 delivers I don’t see any need for a placing and the new BoD seem switched on to what’s required to get us back on track. I’m sure that the BoD are aware that a Placing below 20p would be a kick in the b@lls for shareholders.

Agree. Another week of drilling and a week of flow testing and then hopefully get the champers out!

Totally agree ICB

I’ll update the list each month (or each quarter) to keep new investors informed.

The following is expected sometime in the future:



Farmout 50% of licence to ARA - TICK 1

CH-1 Pad Location decision - TICK 2



NT2 flow test results - scheduled for end of March ( 2-wk programme.
)

Scirrocco deal complete - Deal announced August 2022 still not completed 



3D results - started 3D acquisition July 2022



Gas sales agreement 



FFD sign off 

25 year development licence 



Ch1 pad construction 



Rig contracted Spud date 



Drilling of 3rd appraisal well - ORIGINALLY scheduled for 2017



NT1 well workover 

Pipeline completion - No Construction Contract to date.



First Gas Production from NT2 - Requires Pipeline to be constructed .

All fully funded and all due SOMETIME in the Future.


Jolly you need to include: Farmout - TICK ONE

Then the list will look very similar to Drewky’s list from 5 years ago. He also had FOMO and didn’t want to miss out on his rewards (as the SP dropped from 4p to 0.4p)

Agreed, Mole is a feet firmly on the ground poster and I look forward to his/her informative posts.
In fact Mole if you’re looking in, what is the break even price per therm? Someone posted 50p? We have the OPEX of £10.1 million, equating to gross unit opex of 24.0 p/therm but what does that cover? Would the Water processing issues be included in that value?