Member Info for blackgold00

Same here, topped up just under 1p, I think the next news announcements re; the GSA, development licence, rig contract, etc etc etc, will be like a catlyst for Aminex and to the wider market as it becomes apparent just how undervalued the present MC is.

Yes, thats some of it, but more so, they want control over the upstream infrastructure, which they haven't got at the Songo Songo gas field or the SS processing plant.

In short, Orca's PSA which is due to expire soon and was issued some 20 plus years ago does not conform with the out come of the 2015 Tanzanian oil/gas review.

Yes well, I've been watching Orca as many years as Aminex and I'm inclined not to agree, so thanks but no thanks.

Good post Bullfrog

"Now, as the SP is slipping back down he's going to have to cancel his order and plead for his deposit back."

Lol, RoJo, no it's only a little fishing boat, a worrier 175, will suit me and my mates just fine.

Yes there's a lot more interest in Aminex now, I think we all know the news that's about to drop over the coming weeks and months. 😀

No Roger, whether it's relevant or not, it is none of Aminex's business, in transferring SCIR 25% of the RuvumaPSA over to ARA and in no way have Aminex been part of the the SCIR/ARA transaction negotiations, so they are not at liberty to comment on any part of the deal but on public factual facts. Though, It is my personal belief that ARA has just accomplished or been the prime beneficiaries of the sale of the century. But hey, one's man's loss is another man's gain, and I suppose it's what makes the world go around.

3: "You then quote an RNS. Do you see any reference at all to the Scirocco deal in that?"

Lol, of course you wouldn't, the SCIR deal is none of Aminex's business is it.

Crusty, did you miss this bit from the half year report

"RPS Energy Consultants Ltd has been contracted to produce an updated CPR before the end of this year."

"· The entire 3D seismic data processed interpretation will be completed in Q4 2023, permitting a total revision of the gas reserve and resource potential for the field. Moreover, RPS Energy Consultants Ltd has been contracted to produce an updated CPR before the end of this year."

"..and at least I am moving downstream, albeit gently, and not becalmed like the Aminex SP."

The day RoJo lost his mojo.

Well, the market would seem to agree with us Crusty

". Indeed as I and RogerJolly have both reported several times - the AEX BoD and Sultan al Gaithi stated otherwise....."

Well the Sultan wouldn't say anything else wpuld he Crusty

Gosh you're a bright spark RoJo 😀

"The completion of the SCIR deal has nothing to do with it -"

I think Crusty you miss read the SCIR deal and the legalities of long-stop dates if value enhancing news increases asset value

Aerial, from the RNS 28th September

"Although significant progress has been made, in order to allow additional time to complete the transaction, Scirocco and ARA Petroleum Tanzania ("APT") have executed amendments to extend the longstop date of the proposed transaction from 30 September 2023 to 20 October 2023."

" With this approval now received, all conditions precedent to the transaction are satisfied and Scirocco and its counterparty, ARA Petroleum Tanzania, can now proceed to complete the transaction in the coming weeks."

They are no longer waiting on any ministerial approvals are they, all the conditions precedent are now met, so it's now just SCIR and ARA the way is now clear for completion signatories.

(A genuine honest reason)

To late now for ARA to scupper the deal, they would need a general honest reason to do so. They have already legally excepted the deal.

"As I understand it ARA under no obligation to sign. They might have changed their mind in the last year?"

No way, unless something extra extra ordinary has come to light. You know, I know, we all know, this death is an absolute steal for ARA.