Member Info for blackgold00

one or two points here, "the Company has commenced remediation work on the well. The Company initially plans to repair a faulty valve during the current quarter, which is expected to allow for gas to flow from the well and evaluate operational parameters at the reservoir and gas processing facility", (the gas processing facility)? now you can't tell me that this is being done with-out the backing, support and consent of the TPDC.

And then further, "Pending approvals", or the results of those evaluation, of the "operational parameters at the reservoir and gas processing facility" the "Company will then proceed to perforate a lower untested and potentially gas bearing section of the reservoir system which is anticipated to occur during the fourth quarter"

"As previously announced, pressure at the Kiliwani North-1 well has continued to build up and the Company has commenced remediation work on the well. The Company initially plans to repair a faulty valve during the current quarter, which is expected to allow for gas to flow from the well and evaluate operational parameters at the reservoir and gas processing facility. Pending approvals, the Company will then proceed to perforate a lower untested and potentially gas bearing section of the reservoir system which is anticipated to occur during the fourth quarter with the intent to bring the well back to full time production"

for sometime now the share price has been in the pits of despair, the Mtwara licence extension will initially lift us out of that miserable state

yes, I guess, I think come the end of this week, we'll be moving into the squeaky bottom time. lol

yes, before the end of the month, "prior to the end of November", but how long is prior is, I know not, it could be a day or a week, or longer ? : )

When is the EGM for the farm out deal?

"The Company is actively working on the Circular, which will include an updated CPR. Aminex expects that the EGM will be held prior to the end of November. "

yes Crusty, but i'm thinking more of the expected spud date like what was issued 5th Dec, but who knows, the next week and a half will be telling.

05 December 2016 Operational Update

"The Company confirms that an independent inspection of the Caroil 2 drilling rig has now been completed and the Ntorya-2 appraisal well is now expected to be spudded mid-December"

sorry, but I would add, spud date to that last post, (final rig selection and spud date) i'm thinking, hoping : )

I wouldn't imagine that the final rig selection would be made public through the channel of the (Frequently Asked Questions) but if and once decided would be RNS along with other price sensitive information, like the Circular the CPR and date of EGM.

"According to the FAQ,"

is old news now

yes lets hope they have all operation's ready to go.

( " All operational costs pertaining to Ruvuma including personnel to be billed back into carry. Allows operations to continue unaffected." ) (Effective Date of Agreement March 15th, 2018)

loads of time then : )

yep not important Drewky, the pad is where it is, and ready. I'm looking forward to the updated CPR, should give the information on all the Jurassic prospects, not heard any more on them since JB in one of his interviews saying something like, the cretaceous prospects/targets are big, but some of the Jurassic are even bigger : )

"but the CH-1 pad was moved this year and is now drill ready"

not sure where you got that from Drewky, was Chrusty via NR ? I believe that on further investergation its now understood that the pad had not been moved ?

you know its been a bit of a conspiracy theory of mine, that all parties are working in concert to protect their interests in the NT assets, and that in collaboration with the other parties the TZ government are holding back on issuing Aminex with the Mtwara PSA extension, until all agreements are in place and just before (2 weeks) the EGM, as they all know, that Aminex without the Mtwara PSA leaves them immune to any other unwanted approaches from an out-side company muscling in. far-fetched or what : )

I fully expect the vote at the EGM to go in favour of the farm-out, but I wonder if the Zubair and (maybe Aminex as well)have a plan B, just incase it gets voted down ? you know, I guess they would have, and what I think plan B would be, is a full take-over/merger approach from the Zubair's/APT to take full control of Aminex. any thoughts ?

lol Tarry, I shouldn't worry, I can't see APT using Caroil-6 but we might be earning a bit of rent having it there.

not sure, but I think the CAROIL-6 rig is stilled stored there.

"We have a pad ready to go "

yep, and not to difficult to get at, just type in Nanguruwe in google maps if link doesn't work, and drilling pads NT 1 and 2 and CH-1 are just north

https://www.google.co.uk/maps/place/Nanguruwe,+Tanzania/@-10.4740916,40.0092835,6112m/data=!3m1!1e3!4m5!3m4!1s0x1892abba4f15b6a3:0x5e3c5e584b18e3ca!8m2!3d-10.4966848!4d40.0402377

"I believe it can all still happen if they have prepared themselves properly but it is not a simple job so we'll just have to wait and see"

yes Drewky, plus ( " All operational costs pertaining to Ruvuma including personnel to be billed back into carry. Allows operations to continue unaffected." ) (Effective Date of Agreement March 15th, 2018)

if I held the same opinion as you Crusty I'd sell the bloody lot : )

"Even if it does happen there will still be plenty of time to get in before the C1 spud at a good price"

if you don't mind paying at lest double todays price, which is what i'm expecting in a very short order, on confirmation of licence extension and farm-out circular