Member Info for blackgold00

get ready then fjones : )

13:45:16 2,323,571 18.64k
13:45:02 2,352,941 18.82k

https://www.ii.co.uk/ii-accounts/isa/bed-isa

"*When buying the shares back within the ISA, there will be a small price difference because of the bid-offer spread. Because of this, purchase fees and stamp duty, you will buy back a slightly smaller number of shares."

could it had been Bed and ISA ?

extending further from last posts, if psa review is complete and work program agreed and licence issued, then maybe, the securities held by TPDC over KN might have been rescinded, hopefully then making them legally obliged to pay the receivables. which I think is how I read, what is going on in the statement of last RNS.

Kiliwani Gas Receivables
"Aminex is in discussion with the Tanzanian government authorities to secure payment of the outstanding receivables owed for gas sales from the Kiliwani North gas field that amount to approximately US$6.7 million (gross) excluding interest. This is finally being progressed after the return of senior government officials who have recognised their obligations and are making efforts to resolve the matter. A meeting has been scheduled and we hope to be in a position to update shareholders soon. "

as I see it, if the KN-1 well is not producing/might not produce, ie; worthless, then how else can TPDC assure themselves of any value from the (committed guarantied security), if/when, Aminex is deemed to fail in drilling the obligated 4 wells ?

though in saying that, I have a feeling or maybe hoping, that once the PSA review is complete and the Mtwara licence has been granted by the Attorney general, the negotiated agreements between TPDC and Aminex will have been ratified and then the TPDC might find themselves (legally obliged) to pay Aminex the withheld $7m.

I'm thinking that Aminex and TPDC have agreed the transferral of the commitments of the old work-program of 4 wells, to the new Mtwara licence which now comes with two, and the fact that Aminex agreed to hand back the Lindi licence which originally had two, might then have released them of all the old commitments and those (certain securities) granted by Aminex to TPDC over the Kiliwani North Development Licence. Plus, which could be a factor, was NT-2 classed as appraisal or exploration ?

"What's the excuse for not paying us? Daylight robbery!" I've had this one with jerry on the other side
jerry, we've been here before

blackgold00 16 Aug '19 - 15:00 - 71180 of 72044 Edit

I've often wondered whether your so called "stolen $7m" has anything to do with the (certain securities) granted by Aminex to TPDC over the Kiliwani North Development Licence back in 2014 ?

https://uk.advfn.com/stock-market/london/aminex-AEX/share-news/Aminex-PLC-FORMAL-ADDENDUM-TO-RUVUMA-PSA/60889813

"The Addendum allows for the remaining obligations under the First Extension Period to be completed in the Second Extension Period, as previously announced by the company on 30 May 2013. The amended agreement requires four wells to be drilled by the end of 2016. In conjunction with the amended obligations to the Ruvuma PSA, the Company has granted TPDC (Tanzanian Petroleum Development Corporation) and the Government certain securities over Kiliwani North Development Licence on a sliding scale basis. As each of the wells is drilled the security reduces and when all four wells are drilled the Government and TPDC will no longer have any further security over the Kiliwani North Development Licence".

"might be indefinite"

and what probability or likelihood would you put on that trrime ?

"In hindsight we should not have put all our eggs in one basket."

yes but that one basket has one hell of a lot of gas close to infrastructure, it has to be worth the wait

well as I see it, the AEX SP is not directly exposed to the fall in the price of oil, but, what it has been adversely exposed to for over a year or two, is the exceptionally bloody long time, it has taken for Tanzania to review the PSA's and the granting of our license. hopefully to be ratified soon. : )

yes good luck everyone and fingers crossed

oil stocks taking a bit of a hammering now

hi hardnose, do you not think that some shares or sectors are more vulnerable to drop than others ?

o well, maybe not

i think they're sells ?

7 k worth, now you're just being greedy Ariel : )

yes well, if you didn't have any sellers their wouldn't be any shares to buy, it takes all sorts i guess to make a market : )

not a bad shout me thinks Ariel

I wonder why AEX/ARA decided to move the contingent elements of the 2020 work programme into the firm budget, and i'm thinking that this was part of the final Ruvuma PSA (work commitments) negotiations to secure the licence.

my brackets
"APT and Aminex have agreed, (subject to the requirements of the Ruvuma PSA) and Joint Operating Agreement ("JOA"), that upon completion of the Farm-Out and the transfer of operatorship to APT, to request approval from the Joint Venture and the Tanzanian authorities to move the contingent elements of the previously approved 2020 Work Programme and Budget into the firm budget for the year"

yes maybe Ufufuo, bot i'm wondering if Aminex has been in comunaca with Solo?

"The intention would be for the seismic acquisition to form part of the immediate work programme and no longer be contingent upon the award of a Ntorya Development Licence. Under the terms of the JOA, approval from two parties holding at least a 65% participating interest in the licence will be required to move those elements into the firm budget."