Member Info for blackgold00

Yes absolutely, no need to raiss funds, thanks for that jackpack.

What are you saying sq320 ? they have $31 million left of their free carry, for their 25% of development costs.

This is the stock Market, they will have to pay what the market values Aminex at and thinks they should pay. Plus Aminex is going to be in a financially strong position, unlike poor Scirocco. No they can't just dictate the price, they can play their games but the market is the market.

"but i can also see a scenario where the zubairs clean up and shareholders get the crumbs, "

Oh yeah, how's that then Argus2 ? Explain please

Yes, I'm afraid so, looks like it got put into the trash bin lol

Oh, and there it was gone. There is a god lol

Trying to get a silk purse to look like a pigs ear, does he not realise, no one reads his verbal nonsense. Lol 😂

Perhaps, what I should have said was. Yes, my thoughts as well.

Yes a man after my own heart. 🙂

As noted the old PSA extension still has SOLO as 25% holder.

Yes agree, but are they also waiting on ARA/SCIR transaction to complete, in order to have the PSA with its proper % named contacted in ?

Yes I think you're right PageofCups 🙂 I think news is getting close now and the market is sensing it.

I don't know how to Interpret that

"The Operator have been given two (2) years additional extension"

STATUS OF OPERATIONS

"The Operator have been given two (2) years additional extension period to carry out among other activities a 3D Seismic data acquisition and currently finalizing with 3D Seismic data interpretation and preparation of drilling Chikumbi-1 well. Further, pre-development activities are underway including preparation of wells workovers towardscommencement of production of natural gas"

So, any time now then. 🙂

"Scirocco will now write to the Tanzanian Minister for Energy to obtain the final approval of the transfer of the licence interest to APT. On receipt of this approval, all conditions precedent to the transaction will be satisfied and Scirocco and its counterparty ARA Petroleum Tanzania can proceed to complete the transaction by the amended long stop date of 31 August 2023."

Plus the PSA is still showing SOLO/SCIR as contacted into the PSA, so I guess until the ARA/SCIR transaction is complete, SCIR legally, still hold 25% of the PSA

No the PSA was not sorted, it was just the gas taxation terms that was sorted. The extension ect still had to be agreed

" The Ruvuma PSA, as with all other PSAs in Tanzania, contained profit share, royalty, and taxation rates only for oil production. The PSA Addendum sets out the relevant terms for gas production. "

Yes, I hope so to

Ha ha

Yes, saw that, not many shares about?

Feeling good this morning 🙂