Member Info for blackgold00

maybe, someone/company is waiting on 3D results before committing to a deal ?

"Is it because in order to benefit it has to raise development cast whereas Aminex are carried"

yes Laburnham, Aminex has a $35 m carry for development. i think we should hear soon enough what SCIR will be doing with their 25% holding.

." It seems the Government has given the Zubairs 18 months to get it into production". No cperkin, thats nonsense, there might be a desire to have it into production ASAP, but the right course needs/will be taken.

yes mrc, but 6 years old is immaterial, the Zubair are in control.

"If someone was really interested they could probably buy all of SCIRs outstanding shares for about 1p per share."

only if it suites the Zubair's and the TPDC ?

trading

"No danger of a sale IMHO…who would want a 25% stake in a project like this?"

the The Zubair did mrc, they took a 30% holding
https://www.lse.co.uk/rns/AEX/placing-and-open-offer-j8wbyfixtphj57t.html
· Proposed equity funding to raise up to approximately Stg£19.5m (US$25.4m) by the issue of up to approximately 1,499m New Ordinary Shares at Stg1.3p per New Ordinary Share (the "Issue Price")"

·" Approximately 983.1m New Ordinary Shares to be issued through a cornerstone placing to raise gross proceeds of approximately Stg£12.8m "

" The Cornerstone investor, Eclipse Investments LLC, wholly-owned by members of the Al Zubair family, who in turn own 100% of The Zubair Corporation LLC"

has Frank missed the boat ??

and how much more resource has/is being proved up since

yes agree, 1.3p, and just think you can get them cheaper than the The Zubair did and plus, look ay how much more the Ntorya asset has been de-risked after the NT-2 and soon the 3D seismic ??

https://www.lse.co.uk/rns/AEX/placing-and-open-offer-j8wbyfixtphj57t.html
· Proposed equity funding to raise up to approximately Stg£19.5m (US$25.4m) by the issue of up to approximately 1,499m New Ordinary Shares at Stg1.3p per New Ordinary Share (the "Issue Price")"

·" Approximately 983.1m New Ordinary Shares to be issued through a cornerstone placing to raise gross proceeds of approximately Stg£12.8m "

" The Cornerstone investor, Eclipse Investments LLC, wholly-owned by members of the Al Zubair family, who in turn own 100% of The Zubair Corporation LLC"

the market is happier when its growing

i think WEN needs a project ie; new license, farm-in, exploration, etc. in which to invest their cash-flow moneys, clearly buying back their own shares is not doing it for the market. ??

its interesting that Aminex now has a larger market cap than Wentworth, well £41m to £39m

Without getting too carried away, it's so good that things are looking more positive for us lth. : )

So I wouldn't be surprised to see news regarding the KN-1 remadation, witch in my mind would excite the shares somewhat.

Crusty, if there is a reasonable chance that the KN-1 perferation program can be a successful, and I stress, only the BODS have that info to make that call, then as the need for more gas grows then also the pressure builds from all sides to attempt to remadate KN-1.

So its looking like the Gov/TPDC has an immediate need for more gas, and hence a remediation of KN-1, which is the only well in Tanzania at the moment, that could possibly provide them with the chance of more gas in the short term. That is if the planed perforation program of the lower zone (is successful) which could then supply gas of up to 30mmcfd within months. I wouldn't be surprised if talks aren't ongoing. yours ever hopeful : )

"with Mnazi Bay and Ntora well’s failure "

surely they mean KN-1 well failure.

you could feel the pressure building.

yes, i would say spotted the trades coming in on the book

he knows the story that is unfolding with Aminex, ie; the 3D and the drilling of the CH-1 well, but no more than you and me highland.