Member Info for blackgold00

looking at that slide 17, makes you wonder, when they first perforated the top zone, whether they realised that the impermeable layer was there?

hi Drewky, yes, no expert here either, just drawing my conclusions from the last presentation slide 17

(Top zone has likely brought in water but is likely to produce remaining gas with high water cut)

http://admin.aminex-plc.com/uploadfiles/EGM%20Presentation%20Jan%202019_Final_long%20v1.pdf

it would seem.

not a lot else coming out Dunder : )

and I guess they'll have to plug the old higher perforation before perforating the new.

FAQ 14 Jan
"Aminex is currently funded and does not need further approval for the ongoing remedial work over Kiliwani (which includes well maintenance, fluid lifting and perforation)"

I wonder what is entailed by (well maintenance)? how long it takes and whether it's done before fluid lifting and perforation.

I never realised the sub surface safety valve is 108m down the well, so was a bit of a job

Crusty, "So Drewky yes they may be "progressing" but that leaves an awful lot unsaid. Progressing with what exactly? Further testing and analysis?"

" for the ongoing remedial work over Kiliwani (which includes well maintenance, fluid lifting and perforation) " (ongoing) Crusty, ie; continuing; still in progress, and that was from the 1t Jan,

Are additional approvals needed for remedial work on Kiliwani?

"Aminex is currently funded and does not need further approval for the ongoing remedial work over Kiliwani (which includes well maintenance, fluid lifting and perforation) and it remains in the best interest of all parties to produce gas as quickly as possible".

" though I have not changed my "HOLD" position. Not yet at least, though I do believe the time is approaching."

Crusty, i'll take that as a strong buy signal

from the 14th of Jan, John

Are additional approvals needed for remedial work on Kiliwani?
"Aminex is currently funded and does not need further approval for the ongoing remedial work over Kiliwani (which includes well maintenance, fluid lifting and perforation) and it remains in the best interest of all parties to produce gas as quickly as possible."

What is the latest on a licence extension on Mtwara?
"The Company has been assured by relevant government authorities that the extension is forthcoming and will update the markets once formalised".

yes I noticed, don't know which one's or what the posts were about

who's T

yes, not too much doubt out there now, whether Aminex will get that licence, they are just questioning when will it arrive which of course is getting nearer and nearer as each day passes. : )

ah, got you Drewky, I said "APT as operator and 50% holder" what I should have said APT as operator with 50% interest, sorry

Drewky, "If the licence were to be given direct to APT what would that imply"

Drewky i said "we will get the extended licence with the ("APT") as operator and 50% holder and AMINEX and Solo as 25 %"

APT as operator as re; the F/O, Aminex will still be the holder of the licence

Drewky, If it was given to APT..... Hmmm BG I can see where that thought would go

Drewky I don't get you, it that would comply with the Conditions precedent) (approvals by the Tanzanian Government of the transfers of the Assigned Interest and of the operatorship under the JOA to the Farmee;) in other words ("APT") as operator and 50% holder and AMINEX and Solo as 25 %

so i'm now thinking that when they said" that the extension is forthcoming and will update the markets once formalised" we will get the extended licence with the ("APT") as operator and 50% holder and AMINEX and Solo as 25 %

I think it been a bit of a chicken and a egg scenario for them all. should the Gov grant extension before hand of old licence 75% aex 25% solo for the farmee to farm-into, but without the assurance of the egm vote and F/O completion's or wait until after confirmation of EGM vote and then issue the Mtwara Licence and also approve the transfer of the Assigned Interest and of operatorship under the JOA to the Farmee;) which to me seems to be the way it has played out .

"Isn't the reason that we didn't have the EGM in September or November simply because the BoD were waiting for the License Extension? Or was that someone else's explanation?"

I don't know, I think some hear and myself as well might have assumed that but i'm pretty sure it was never stated by the company that that was the case. though they have stated that the F/O is reliant on the licence extension ie; H/Y report, and made clear in the circular (the Mtwara Licence being granted in a form satisfactory to both Ndovu and the Farmee

Crusty, how could the Tanz Gov give approvals to " transfers the Assigned Interest and of the operatorship under the JOA to the Farmee;)" before EGM vote ???