Member Info for blackgold00

"equals SP on the floor"
and that is where, Bluffmaster would like to buy some more

yes I see, well I hope it comes just right for you Solo'ers, i'm thinking, what with the resent options maybe within a month, but hey' this is Tanzania. lol

"very soon...."
as, within a month ?

well, at lest the options are now looking more like an incentive for those directors : )

just a little bit of tongue and cheek matherdj , but the price is where it is compared to the last options of 6 months ago, whether the options are right or wrong, they might well be seen as a sign that our greedy directors are now expecting a rise in the share price,

the options granted back in June @ 0.86 are now looking like a great profit for them, so hopefully they'll make the same profit on the ones now granted @ 1.40p in the same amount of time. nothing like a bit of incentive to get the job done. lol

https://www.lse.co.uk/rns/AEX/aminex-plc-director-pdmr-shareholding-24w2u9vgc8aq2m5.html

$3m "advance", in installments ?

I've often wondered whether the withheld $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".

maybe the incoming fund might have a barring on progressing the Kiliwani North-1. re-entry

Corporate and Operations Update
" The Company will shortly commence receiving advance payments of up to $3 million against the cash consideration due on completion of the Ruvuma Farm-Out;"

yes, if only RoJo, time will tell, though we've given it enough of that, lol. a few short termers selling up now, the I want news now brigade ? they'll be back : )

yes beginning to feel more like an investment rather than a punt, excellent assets with exploration upside, secured short-term finance, and fully funded for Ntorya's ( full field development). looking back now June to Sept would seem to have been a golden opportunity.

yes matherdj, and maybe allows a bit of wiggle room to organise/ arrange funds ?

joint statement
"Both parties are keen to expedite progress on the licence and will consider committing to accelerating certain preparatory works in a pro-active manner at the appropriate time."

So i guess Solo is fully onboard ? with the ( fast-track select Chikumbi-1 "pre-drill" activities) "including the construction of an access road to the Chikumbi-1 wellsite, construction of the drilling surface location, ordering of select long lead items and to progress permitting activities"

Operations Update
"As a result of these encouraging developments, it has been agreed to fast-track select Chikumbi-1 "pre-drill" activities including construction of an access road to the Chikumbi-1 wellsite, construction of the drilling surface location, ordering of select long lead items and to progress permitting activities. This will enable the joint venture group to commence drilling operations on Chikumbi-1 as soon as possible following the granting of the extension of the Mtwara licence."

I think ARA has got the Tanzanian bull by the horns : )

"These budget elements are contingent, inter alia, on the Mtwara licence extension for the drilling of the Chikumbi-1 well and the granting of the Ntorya development licence for the seismic programmes."

yes gaslady, and probably I/d imagine, already agreed and decided upon with the TPDC etc beforehand and with a view to obtain the approval of those ("various licence matters") , a kind of bartering I suppose, (you give us what we want, and we'll give you what you want).

6 November 2019
"The Company has submitted the 2020 Work Programme and Budget for the Ruvuma PSA to the government for approval. The programme is contingent on the approval of various licence matters"

24 September 2019 John Bell commented:
" Alongside our partner ARA, we continue to work towards completion of the Ruvuma Farm-Out, and are proactively engaged with the Tanzanian authorities to obtain the outstanding approvals and licence extension.""
Sultan Al-Ghaithi commented:
"We are encouraged by the ongoing discussions with the Tanzanian authorities to be able to accelerate the planning for the early spud of the Chikumbi-1 well,"

yes, and i believe its he first time any of us heard about the 2D seismic, which would have considerable cost, $6m+ ?

ah yes cperkin, that also seems to be an issue for Solo

"and Budgets presented to the Tanzanian authorities and the associated expenditure requirements referred to below.'"

yes i'm thinking Solo's issue is with the fast-track items ie; "it has been agreed to fast-track selec (Chikumbi-1 "pre-drill" activities including construction of an access road to the Chikumbi-1 wellsite, construction of the drilling surface location, ordering of select long lead items and to progress permitting activities.)"
as they were well aware of the CH-1 drill and 3D that would be part of the 2020 Work Programme?

As previously announced, both APT and the Company have seen recent positive movements in Tanzania with respect to the general business environment, growing demand for natural gas consumption and the approaching completion of the government's review of production sharing agreements. As a result of these encouraging developments, it has been agreed to fast-track select Chikumbi-1 "pre-drill" activities including construction of an access road to the Chikumbi-1 wellsite, construction of the drilling surface location, ordering of select long lead items and to progress permitting activities.

lol Bucks, I sure no one does : )