Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Edgar … correct me if I’m wrong, but wasn’t the original plan to use the revenue stream from CH-1 to fund any additional drills.
Haggis I think you mean “continue to be in Vain”. Example of a Vein is a tube forming part of the blood circulation system of the body.
BG .. I’ve noticed you used the word “drift”, because that is what will mostly likely happen to SP if after the next RNS if we have to wait another 3 months for the following RNS.
Anyway got to leave now as I have another ship to catch, and before anyone says, it’s not the Titanic.
Rojo ….. he’ll probably post it another 100 times as he’s just caught on that’s it’s mid-March 2024!
BG … I’ll wait for the Land Ahoy!! Signal. But with Captain Haggis in charge, I fear we may get lost at sea.
GraphicBoy ..Welcome on board the Jolly Roger. They’re a bunch of pirates on here. Especially Captain Haggis. (Only joking)
If you have a LOT of patience, you should do well here.
Infor ….that’s strange. The SP has been hoovering around 5p and below since the beginning of February. Anyway you can take your profit now.
Well Roger, I don’t think stating that a 2nd drill after H2 is required to kickstart the SP. That’s more like deramping. Anyway I bought in at the bottom 4.5p so the increase in the last couple of days gives me a little wiggle room to manoeuvre if there is a problem with H2 which we will know about in the next 2 weeks.
We shouldn’t be discussing IOG on this BB so back to Aminex of which I am a shareholder.
The SCIR/ARA deal may take another 2 months (specified as HOPEFULLY completion) so IMO that means very little significant information will be released in any RNS beforehand. Also IMO any increase in resources from Seismics will be after CH-1 which will be used to further verify the 3D model.
There’s no denying the potential of Ruvuma else I wouldn’t be here, but like I said, compare apples with apples or don’t compare at all. Just state what the resources are as of today from the latest RNS. And I don’t mean pick a number out of the air like Haggis.
So Ufufuo you are either trying to deceive investors or you don’t know what you are talking about.
Ufufuo …. You posted this yesterday “Wentworth had net 0.14 TCF of reserves Vs Aminex’s 2 TCF”
Is that 1P, 2P or 3P? As far as I’m aware Animex has Zero reserves at present. Someone correct me if I’m wrong,
And today you post
“At 8.236 TCF, Ruvuma is around 20 times larger than Mnazi Bay (0.423 TCF)” Are they Resources? 1C,2C or 3C?
Let’s compare Apples with Apples.
Rojo .. No way will production be started in October!! its been brought forward to August. Not long to wait now. Targeting SP for 20p by then. :-)
PS. This will be my last post for a while. I don't want to upset Drewky (sorry I mean RJ)
Well it looks like no RNS today but at least Jolly Boy’s YouTube video put a smile on my face :-)
Looks like the BB policeman has arrived. It wasn’t me guv……..
Looks like the seller gone so this is going to fly.
Expect the SP to be 10p before the end of the week.
Wouldn’t want to be out of this share over the weekend.
The Gas Resources have just been upgraded tonight to 12 TCF. That 20 billion pounds in revenue and we’re only a £50m market cap.
The pipeline has been upgraded to 48” diameter to transport the Hugh quantity of gas to be exported to the rest of North Africa.
The SP will be ÂŁ10 this time next year .
He/she has been spot on to date.
Ufufuo … nobody spends as much time as I do on this share without having some financial investment. The difference is my expectations are different to yours, and that is probably reflected in the amount of my investment, which is dynamic. I don’t keep averaging down like a lot of the LTHs. This share has flatlined so it’s not a trader’s share. PRD is a brilliant share for trading.
The key point Tanzania we ALL had the same expectations that things were going to progress 5 years ago but nothing happened. Also to date, apart from the 3D Seismics, nothing else in concrete has really happened. The pipeline is planned but not started. No CH-1 drill. Just testing the gas composition of NT-2.
5 years ago I wanted to punch a poster called Apache, because I had an emotional attachment to this share. Today I would shake his hand because I know where he was coming from.
Tanzania in answer to another question regarding RoJo. Yes I’m 95% certain he holds shares in Aminex.
Remember this post from Leaflessclover back in 2018 !!!! (Groundhog Day) and there is 100s and 100s of similar posts over the last 5+ years.
This is why RoJo gets so p@ssed off.
Nice 1m buy at 2p. 28 Aug 2018 10:06
...and a ridiculous bargain at these prices. Anyone seriously think we'll have a market cap of only ~ÂŁ65m when we have NET INCOME of somewhere in the region of $40m++ and we have plenty of cash to explore other opportunities. Nope, I don't think so. Plus likelihood of further resource increases. Staggering demand for our gas. Possibility of a big oil/liquids find...
This is a screaming buy
“Beware of False Prophets” lol. There is less than a handful of NON False Prophets on this BB and one of those is RoJo !!!
The 3 months include 1 month hook-up to the pipeline. From RNS:
“The H2 well is expected to take approximately three months to drill, complete and hook-up”