Member Info for blackgold00

and now we'll walk it back up, easy money for the MM

i guess there's every chance now with the election in a couple of weeks Magufuli will use and promote the F/O deal gaining some of that lovely political capital.

my brackets
"Aminex will be able to hand over a 50 per cent stake in the (enormous Ruvuma gas project)"

well, now it seems, we have finally emerged from the Tanzy Ruvuma F/O Rabbit hole, i guess the focus well now shift to the (Nyuni Area PSA) and (Kiliwani North Development Licence) where considerable work has been going on, and to get back the outstanding receivables of US$7.61 million. no rest for the wicked : )

H/Y Report
"As previously advised, the Company has identified the Kiliwani South prospect, estimated by management to contain a mean 57 BCF un-risked GIIP. The prospect has been reviewed by RPS Energy Consultants Limited ("RPS") in their February 2018 CPR. Kiliwani South is accounted for as an exploration and evaluation asset."

"In preparation for acquiring 3D seismic over the licenced acreage, generally comprising the shallow-water areas adjacent to Songo Songo Island, Aminex has completed, in 2019, the reprocessing of select 2D seismic data and has incorporated the results into a remapping exercise which confirmed the interpretation of compartments in Kiliwani North and the robustness of the Kiliwani South structure. In order to benefit from economies of scale, the Company plans to acquire 3D seismic over part of the Kiliwani North Development Licence and multiple leads on the adjacent Company-held Nyuni Area acreage as part of the same programme. After processing and interpretation of the proposed 3D seismic data, Aminex expects to identify a potential side-track and new drilling locations on both the Kiliwani North and Kiliwani South structures with the intention, on the back of drilling success, to deliver near term gas to the Songo Songo Island Gas Processing Plant ("SSIGPP")."

"The Company hopes to resolve the outstanding receivables of US$7.61 million for previous gas sales from KNDL and related interest."

yep, that's just how i felt after reading rns, Delighted

they should have held on a few more days. ?

5. Date on which the threshold was crossed or reached vi:

08 October 2020

still selling then ?

3.93% 3,770,684,843

Holding in Company
Mon, 12th Oct 2020 17:13

RNS Number : 8426B
Aminex PLC
12 October 2020

Standard Form TR-1

Standard form for notification of major holding

do you know Crusty, i feel drunk after seeing and reading that RNS, so so glade, guess i better have a whisky or two, to help balance up how i'm feeling. best of luck you much respected old dog. : )

its all about honoring the Ruvuma PSA works program now, no doubt once the board of apt/aex has caught their breath i'm sure we'll be hearing about the CH-1 well and the seismic. : )

congratulation gaslady, you deserve all the blue from here on. you played it very well indeed. : )

thanks fj, well what an experience, feel we can relax now, well for a day or two. : )

Northern, what you are asking is, is the Tanzania's economy or the (gas demand of that economy) in need of Ntorya's gas ? if so, when does it need it and how much does it need. these are the fundamental questions as to when the development takes place and to how big the development is, ie the wells drilled that's needed to meet the perceived demand. it seems to me obvious, you don't want to spend $140 million developing a gas field and then wait 3-4 or 5 years for someone to buy the gas, that is for the demand to develop.
So maybe something was stalling the farm-out, with the perceived understanding, of the need, for APT proposed (full development plan), at the and this time, or maybe the farm-out conclusion has been waiting on finale agreements of the recently announced export gas pipe-lines to Kenya and Uganda ? but one thing is for sure the gas has not gone away and nor has the opportunity for all to prosper from development Ntorya 2 tcf of gas.

" BLEAK!"

well i don't know, you cant get blood from a stone and it would seem they can't get their hands on the assets without the Gov's express permission.

i think your mil might have ticked us back up gaslady, buy another : )

have you got your finger on the buy button fj ?

and the very best of luck to you gaslady, i nearly added some yesterday but i didn't, i might do yet : )

wow

“matters are fluid”...

hmm, moving

so as with the current loans ?

H/Y REPORT
" The Loan is secured, with security in the form of a pledge of Aminex PLC's holding in shares in Tanzoil N.L., a wholly-owned subsidiary of the Company, that indirectly holds the Group's assets in Tanzania. Interest accrued on the loan during the period was US$38,000 (see Note 5)"