Member Info for blackgold00

Not saying anything really, there's still two and half months before March is over, so still posable.

yes, fingers crossed, not like Aminex i know, but you can't be 100% sure, there's an unexpected delay to CH-1 spud. : )

Not to much longer now for some share price enhancing news. Fingers crossed of course.

Ruvuma Commercial Update

"On 25 November 2022, at the Tanzania Petroleum Development Corporation ("TPDC") headquarters in Dar es Salaam, the parties to the Ruvuma PSA signed an addendum to the PSA ("PSA Addendum"). 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. "

"At the event, the Tanzanian Minister of Energy and Managing Director of TPDC outlined the Government's strong commitment to:"
· Develop additional gas resources as soon as possible;

. Accelerate Ruvuma's production, which will play a vital role in achieving the country's short to medium-term gas needs; and

· Construct a 30 km pipeline to tie the Ntorya gasfield into the existing Madimba processing and pumping station in the next six to nine months."

Ruvuma PSA
"Aminex notes yesterday's announcement from Scirocco Energy plc ("Scirocco") announcing the successful exercise by ARA Petroleum Tanzania Limited ("APT") of its pre-emption rights to purchase Scirocco's 25% interest in the Ruvuma PSA by the entering into of binding agreements between Scirocco and APT."

"The Company is delighted that the operator of Ruvuma, APT, wishes to increase its participating interest in the Ruvuma PSA, confirming Aminex and APT's confidence in the quality and value of the Ruvuma asset. "

Charlie Santos, Executive Chairman of Aminex, commented:

"We are delighted that there is so much interest in Ruvuma, which we consider a world-class asset. Moreover, the growing interest in Ruvuma signals the importance of the development of this major asset to Tanzania."

yes thanks Ufufuo, it certainly does, and i think we are getting through to RoJo as well. : )

Yes and would certainly cheer up all the obsessive doubters here

RoJo and his Band oF Merry Men. : )

Showing 75% interesting, might be heariing something on that front then pronto. Yes I think it will be all systems go soon enough, : )

Yeh OK RoJo sorry, though there didn't seem much of a smile on your smiley face. : )

What a response rojo, you're talking to someone in their 80s.

no RoJo, i don't get that feeling with the AEX bunch, far from it. i suppose really, by all accounts the AEX management is no more than an extension of ARA or maybe i should say, ARAs caretaker.

yes well, they would say that, i wouldn't trust that bunch no further than i could throw them.

And a very very, well earned prosperous Aminex new year. : )

" The upside in the case, is if Orca gets a license extention."

i think HighYield. that is a big (IF) for reasons i'v given before

good post Ufufuo as always.

you'll get dizzy Crusty

Aminex with its 25% holding, has a free carry through the Ntorya development, of up to $35 million. how would value that in the Stockopedia metrics ?

"Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry is expected to see the Company through to the commencement of commercial gas production from the Ntorya gas field, currently scheduled for early 2024, at zero cost."

I won't say no more but afford yourself a bit of time and do some research, look at latest tanzania news and RNS's

Come on over to Aminex, with 25% and fully funded for the Ntorya development, and with exploration upside. It's all looking pretty good with the 3D results due in the new year and the long awaited CH-1 spud in March.

very interesting, 32p a share, as i see it, since the collapse of their offer for SCIR, WEN has nowhere to go.