Member Info for blackgold00

now you know Tarry, they never said it like that. it all depended on the results of NT-2

cperkin, in my mind the circular without the licence extension isn't worth the paper its written on, though in saying that, I am strongly of the opinion that the licence extension will be granted very soon : )

I think we need the licence extension first, and I don't think its to fay away cperkin

"Hoping for rig contract signed for C-1 notice...and maybe even EGM circular"

yes gaslady, I don't think agreements/notifications are to far away now, but I think the next bit of news and key to moving the transaction forward will be the granting of the Mtwara Licence extension.

my brackets
"The Farm-Out is conditional on governmental and shareholder approval. As it is a related party transaction, Eclipse Investments LLC, an affiliate of Zubair, will be unable to vote its interest in the Company. (The transaction is also subject to the grant of an extension to the Mtwara Licence, currently awaiting approval")

I would expect us to hear of the Mtwara Licence PSA renewal/extension prior to the farm-out circular being published this month, it will be interesting to see whether we keep the whole original area of the licence including the large prospect of Namisange.

slide 8
http://admin.aminex-plc.com/uploadfiles/150520_%20AGM_Presentation_May2015.pdf

from prelims
"The Ruvuma PSA originally comprised two licence areas: the Mtwara Licence and the Lindi Licence. During 2016, Aminex received formal ministerial approval for a one-year extension to the Mtwara Licence, to January 2018 and expects to be granted a further extension to the Mtwara Licence."

they anticipate getting the farm-out circular published sometime in September, 6:40 in

https://twitter.com/aminexplc?lang=en

http://www.proactiveinvestors.co.uk/companies/stocktube/10269/aminex-plc-s-jay-bhattacherjee-updates-on-kiliwani-north-and-ruvuma-10269.html

"The well was drilled by Mike Rego, long before the days of JB, Brian Hall
would have been around though"

yes BH would had been around, and must have took some of the responsibility for perthorating the zones they did and for maybe missing the zones they should have. its interesting he left so abruptly and before the farm-out is completed.

looks like that article was written 07/06/08

But my eyes still see

yes that lower zone, about one minute in, the zone is clearly recognised by the logs but listening to JB, it sounds like, originally someone for what ever reason missed it, and it didn't get perforated. so fingers crossed that zone is full of gas. : )

that'll **** the naysayers off Drewky, : )

Apache66, "Cue preacher's idiot list?"

I don't know who's the idiot, but I think you can add (KN-1 potentially being brought back on stream) to that list now.

so could still be some life in KN-1 yet. it would be nice to see some early production again.

"ARA Petroleum Tanzania an affiliate of Eclipse Investments, the largest shareholder in Zubair Corporation is the new operator of the Ruvuma PSA after Ndovu Resources signed a binding farm-out agreement with the Zubair Corporation."

this will all come together, rig selection spud date with the agreed farm out transaction EGM date announcement.

Jay Bhattacherjee, Chief Executive Officer of Aminex said:
"The Company continues to progress the completion of the proposed farm out transaction while driving forward operations over its key assets at Ruvuma and Kiliwani North."

"They should have just used the existing smaller rig"

what, and have it blown to the moon with the expected gas pressures?

"Brian I feel has fallen on his sword "

hmm, I don't see it like that, how old is he 70 plus? the Ntorya development and company is fully funded job done, can now retire

and how much credence do you think we should put on your book then Apache. Apache do I know you from another place?

- APT will acquire 50% of the Ruvuma project with Aminex retaining 25% and Solo Oil the remaining 25%.

I think this might look misleading, and it is important here to show that Aminex 25% is fully funded to FFD where as Solo's 25% needs to find the full amount of funds.

sorry rdagee, but none of what you have just said, is worth a single reply.