Member Info for blackgold00

yes matherdj, that's right.

" With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. "

" With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. "

this now means ARA are in complete control of projects going forward, and what ever talks Solo might be having re; selling/farm-down their 25%, they now have certainty of the project happening, but also they now have a tangible asset/project in which to negotiate a deal, and who knows who that might be with, Went, Orca, APT ???, so a lot going on in the back ground.

Ruvuma Farm-Out - Government Approval Received
"Aminex is delighted to announce that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited ("APT"). With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. "

" With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. "

this now means ARA are in complete control of projects going forward, and what ever talks Solo might be having re; selling/farm-down their 25%, they now have certainty of the project happening, but also they now have a tangible asset/project in which to negotiate a deal, and who knows who that might be with, Went, Orca, APT ???, so a lot going on in the back ground.

Ruvuma Farm-Out - Government Approval Received
"Aminex is delighted to announce that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited ("APT"). With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. "

hopsta, how long have you been holding aex shares ?

well, like i said the other day, i don't think Malcy has any access to Robert Ambrose, not as like before.

highlandmatt, "2. Drill date (and subsequent EPS - do we need a new GSA for this?"

yes i guess so. " Complete the negotiation of the Gas Terms for the Ruvuma PSA with the Tanzania Petroleum Development Corporation"

https://www.lse.co.uk/rns/AEX/ruvuma-licence-extension-granted-dfdvdbo7dvtru40.html

" Under the terms of the extension the Company, through the Ruvuma PSA Joint Venture, is committed to perform the following works during the extension period:"



· Acquire 200 square kilometres (surface coverage) of 3D seismic (min. expenditure of US$7 million)

· Drill the Chikumbi-1 exploration well (min. expenditure of US$15 million)

· Complete the negotiation of the Gas Terms for the Ruvuma PSA with the Tanzania Petroleum Development Corporation

· Using the data gathered from Chikumbi-1 and the seismic acquisition, prepare and submit an application for a Development Licence for the Ntorya Location area.

they'll need some heavy line to catch you hydrogen

yes Nelly, my thinking as well

MM out fishing again, dont get caught

they might have a lot to say. hopefully

fj, i get the feeling that Malcy hasn't got his open access with Aminex as he once did. what do you think?

go on satellite

try this

https://www.google.co.uk/maps/place/Nanguruwe,+Tanzania/@-10.4956226,40.0240525,14z/data=!3m1!4b1!4m5!3m4!1s0x1892abba4f15b6a3:0x5e3c5e584b18e3ca!8m2!3d-10.4966848!4d40.0402377

"Yes BG it is a spur road off the Dangote access road."

sorry Crusty, don't follow, put in (nanguruwe mtwara) in google maps its on the road A19, the 3 drilling sites are just to the north, CH-1 is on the left. i do not understand what you mean re; Dangote road, it is no where near nt-1/2 and the CH-1 sites, unless i'm missing something Crusty.

yes maybe Crusty, but that road some distance to the north, i think you are referring to, doesn't pass right by the CH-1 site. and is not the access road referred to by Aminex "it has been agreed to fast-track select Chikumbi-1 "pre-drill" activities including construction of an access road to the Chikumbi-1 wellsite" and which can be clearly seen on Google maps/earth.

yes Ufufuo, a bit more info in that article i think, and going by it, it seems Sakson has done the designed of the 2 3D seismic programme, so i guess Sakson's will carry it out ? thanks

"Sakson Drilling and Oil Services DMCC has also identified and designed an accurately 220 km2 3D seismic programme over the Ntorya development area."

if all goes well with the CH-1 drill, and the gas and pressures are as it was at NT-2, then i think, believe that 40+ mmcfd will be easily achievable.

well i think that depends on how CH-1 performs when it is flow tested lets hope for a barn burner. : )

and are we about to receive that stonker of an RNS : )

question is, are the still in a position "to commence drilling operations on Chikumbi-1 as soon as possible following the granting of the extension" / Farm-out. ??