Member Info for blackgold00

"In AEX's case that $35m of credit never even went onto the balance sheet. What is AEX's 25% Ntorya asset valued at on the balance sheet?"

yes right, and maybe the reason for the capital gains tax dispute that Aminex had with the Tanzanian GOV ?

yes, its called investing Crusty, that's what oil/gas company's do, invest today for a greater return tomorrow. The other thing is, if you had $35m sat in the bank, the last two years say, then the value or its buying power, has and is, going down big stile. I'm a bit surprised and pleased APT were able to get the 3D and the CH-1 well for the price they did. All looking good i think.

"The carry has no intrinsic value"

i just do not see that, if SCIR just happend to come by $35m then that is worth $35m, now if they dicided to invest that money in say developing a gas field, then that value has not disapeared, but has changed to an investment and its value will be judged on the merrits of that investment. i think : )

yes, NT-3 and CH-1, the pad/sight is the same it was just the name that changed. and yes, that could all change after 3D results ?

Yea maybe, though I don't think it matters to much now.

yes agree Crusty

after reading this bit, i get the feeling SCIR are not asking to much for their 25% share ?

"The priority of management remains to progress the ongoing, material discussions on the sale of the company's interest in Ruvuma, to remove the funding requirement and to achieve our stated strategy to pivot to sustainable energy and circular economy markets, where EAG represents a robust, scalable platform primed for growth in an exciting sector."

Thanks bullfrog / cperkin, yes very interesting indeed, (James Ashton, "a huge area south of the planned ch-1 well has been prepped for 3d Seismic.") and if we compare that, with slides 4/5 of the 2017 Presentation, we can defiantly see the (hot spot) from the reservoir Isopach/thickness maps, and it is thick, and now being prepped for 3D. exciting stuff indeed.
http://admin.aminex-plc.com/uploadfiles/Ntorya%20Resource%20Update.pdf

yes agree, Vike and Jetty. yes "due dilligence "have a look for yourself"

i wonder if this affects the value of SCIR 8% of the KNDL as well ?

"we have elected to impair the Kiliwani North and Kiliwani South assets during the year."

yes agree Crusty, but we still need to wait and see what the 3D seismic revels, as it will be on those results, that will determine whether Aminex can attract a Farm-in partner or not.

"AET, the operator on the adjacent Songo Songo field, will be acquiring an extensive field-wide 3D seismic survey in 2022 with full-fold coverage of some 12.5 km2 into KNDL. This will be invaluable in identifying fault trends and reservoir definitionand improve our understanding of the Kiliwani North and South structures. "
"Aminex expects, if a Farm-Out partner is identified, a reasonable future programme to include a potential side-track and new drilling locations based on 3D seismic on both the Kiliwani North and Kiliwani South structures with the intention, on the back of drilling success, to deliver gas to the Songo Songo Island Gas Processing Plant (“SSIGPP”) and onward to the power markets in Dar es Salaam. "

here

well, maybe, plus Linda Beal was untill a year ago, a Non-Executive Director hear at AMINEX ?

https://orcaenergygroup.com/about-orca/directors/

yes, i rate Santos, in my mind, he steered the company from the rocks

the last 3 wells have all been spud end of Dec beginning of Jan

the more you think about it, you realise the good parts are good.

"In addition, we are delighted that we will have access to new, high-quality seismic data over a material portion of the KNDL licence, which will be significant in itself but should also allow us to re-interpret the existing 2D dataset over the remaining portion of the licence."

i'm thinking, that the sp might bounce back in a minute ?

Anyway, not all bad news i think

does this mean then that WEN are likely to be talking to SCIR ?

no deal with Wentworth then ?