Member Info for Bhoddhisatva

Ta Ariel - hadn’t realised that!

And that web site is wrong! Claims a 1.17% dividend is paid by AEX! No!

If they can’t get that right ..

Why double stamp duty!?

I refuse to give Zak Mir any credibility as he once admitted he didn’t follow his own analyses and buy/sell based on his own comments … that’s on top of the fact I think ITA is bunkum at best and especially so in news driven, thinly traded stocks like AEX.

The CFO was asked directly about finances and confirmed burn/run rate if $1.5M a year … they’ve hit ~$1.5M left in loan they’d can drawdown but added they’d be so close to gas sales/revenue that a short term loan to tide themselves over would be available … given all the positive comments about ARA as a helpful supportive partner I bet ARA might even give that loan.

Watchouse - I always like to ask an open ended question like that about what keeps you awake a5 night as it is all embracing and personal to the interviewee - hard for them not to admit to something .. George W Bush claimed he always asked this of other national leaders … revealingly the Chinese Premier said it was providing enough jobs and housing the millions of people coming to China)s cities from rural farms .If not provided they feared riots, civil unrest and fall of CCP!

Plus I thought CFO also said that if they needed a temporary loan they’d be able to get one to tide themselves over as revenues would then be so close and definite ..

OK here are my hastily assembled notes - above all though is the evident confidence, relaxed assurance of board and absolute conviction they’ve turned the corner. They won’t relax focus on revenue ASAP to ensure independence/survival - clearly increasing off-takes and no of drills/wells is key to ramping up revenues - hints of more news soon in later chats - facts are what will drive SP which they see as key to ensure their future

Local rig/contractor is their preferred option but tender process will ensure reasonable pricing and performance - esp. given 12? more drills in future

3.45Tcf is now base case

Field potential of 280mmscf/day for 20+ years

Largest on-shore Gas field in E Africa - then TM or RA said “in. Sub-Saharan Africa”!

More off-takers sought to increase gas sales/use from well head

CH1 drill before pipeline completed ie before July 26

CPR - not till after CH1 drill and maybe not for year or two after that

Why 12 months for pipeline?

Gas prise in GSA is confidential BUT has inflation clause, condensates and industrial off-take priced differently (higher?)

Condensate is ~15% of field value?

First gas sales 1 month after 1 month of testing (2 months after pipeline completed)

$1?5M run/burn rate per annum - $1.5M left of $3M loan

More off-takers will require more well head equipment

Has has 3% CO2 and slight moisture so needs drying before pipeline to avoid carbonic acid forming corroding pipeline (simple mild steel so cheap, quick, simple to lay)

ARA have been reliable, supportive partner and have not let them down

TPDC back in limited to 15%

Someone at TPDC said publicly 8 mths to lay pipeline - wouldn’t be surprised - maybe that person is closer to Chinese contractor/project mgr - or just shorting his mouth off!?

TM - won’t drill deeper/into Jurassic in current planned phases - signs weren’t strong of “active or “live?” - priority is gas and $ ASAP

CS was UN mediator on massive pipeline (Turkmenistan to Afghanistan?)

CS now has no worries keeping him awake at night - convinced sea change in Tanz. govt towards foreign investment means they realise they have to allow hard currency out, other inward investment will stop - politicians want demonstrable delivery and benefits asap to ensure their popularity

New auditors Baker Tilley

New Shard report expected soon? Will include condensates and more on off takes?

I thought meeting was positive, obviously nothing new or previously unannounced but good confirmation and more clarity. Quizzing 3 directors independently as well as in open session I believe I saw genuine relief at the clearing of hurdles over last year, pipeline contract signing was pivotal and from now its execution and somewhat procedural. I’ll try and write up more detailed summary later but I saw nothing to worry me, lots of potential stepwise and incremental opportunity and the next year”s going to be very interesting!

Nice to meet some posters on other board including ex-TMFers!

I’m going but can’t promise to post anything quickly …

Did you use the priest on Rojo or return him to the wild?

Just filter him and all trolls

No attention, no response, they’ll leave ..

Meanwhile we’re on the runway waiting for full take-off … that’s far more important!

I keep hearing claims that serial repetitive bashers are paid trolls to undermine se riment but where is the proof? It would be market buse if true, especially if several aliases used and falsehoods uttered.

But I’ve been hearing this allegation since late 90s on Motley Fool boards … would be nice to have clear evidence of organised, paid for, manipulation through bulletin board posts.

But I do wonder if it’s just twisted individuals with a personal motive e.g., sacked by company, in dispute with co. or similar.

Like those on the ADVFN board who keep responding to the persistent idiotic troll there, I beg you all just to ignore the one here. They feed and thrive on your attention. Filter them!

Interesting! Thanks StockCheque.

I had conversation with Wilson (who seems quite serious and not given to exaggeration) who said he wouldn't be surprised if an announcement might come out not before work starts but during or even after it finishes!

When I quizzed him he gave an example where this had happened before, the Mtwarab Dar Es Salaam pipeline where it was built, opened and pumping gas at inauguration without prior announcement.

Make of that what you will … and with a pinch of salt perhaps ..

I’m curious, not upset! It isn’t Empty End ex-chair of AEX and ex-SOCO is it?

And for the avoidance of doubt, I’m a large holder of AEX and excited about the next year … can’t wait for the pipeline contract and build, news of reopening/spudding and more wells … please!

Forgive me asking Edgar222 publicly but you’ve blocked me from your posts on X and elsewhere. May I ask why?

And if I’ve caused offence, please do tell me and give me an opportunity to respond or apologise.

TIA