Member Info for blackgold00

I wonder how the land purchasing is going

Jul 25

#2/4 This initiative involves acquiring plots for the #Chikumbi-1 well + the #Upstream Processing Facilities, as well as expanding the previously acquired #NT-3 site to accommodate the #construction of a camp + storage yard #Tanzania #natgas #eastafrica #ongt #Ntorya #Mtwara

No, not 30 years rojo, 22 from the very first that they acquired the licence to where we are today, being sat on multiple TCF of gas with development imminent. Yes, good move by Brian Hall

2002

"Aminex turned its focus to Africa and acquired Tanzoil NL, an Australian private company, through an exchange of shares.  Tanzoil was the parent of Ndovu Resources Limited which held three licences in Tanzania, including the Ruvuma Technical Evaluation Licence."

"Eclipse investments who own 100% of ara petrolium also own over 27% of aminex we will be taken over at some point "

Yes, well maybe, but we mustn't forget, the real think-tank behind the Tanzanian strategy is the Zubair's, which of course owe 100% of Eclipse. So all nicely tide up.

"This vehicle, owned 100% by the highly respected The Zubair Corporation from Oman, concentrates on assets beyond Oman and now holds investments in entities operating in the UAE, UK, Norway, KSA, Turkey, Tanzania, and India."

https://eclipse-investments.com/en/about/the-eclipse-story

"I'm surprised you have the gall to post here after your poor behaviour Tanz"

You're surprised rojo ? Well I'm surprised that you or anyone could be so disrespectful to anyone the age of Tanzania.

Well, I don't agree with that

Yes I believe debate was stifled here, and ADVFN many moon's ago

I think if anyone wants quality debate/info, then I would look to the Aminex Telegram board

"Bo BG I am referring to the accusation by Stockcheck that Crusty has used multiple accounts"

Bloody hell, Spare the thought, one Crusty is enough. Lol 😃

Well, if its not spent by the time production starts, then what ever is left of the $35 million (CARRY) will be paid to Aminex out of the production revenue,

"Seems the baton of "Lost Plot" has well and truly been handed over, "

Cperkin, Are you referring to tpdc saying first gas April 2025

"until the full $35 million carry has been spent in full."

Cperkin, Aminex will be getting gas revenues long before the $35 million is spent

This is stated from the AGM presentation on about 6 slides

"We will update shareholders further as soon as all plans have  been finalised and signed off."

From Ufufuo

"FINALISING RIG SHARE CONTRACTOR - Aminex cannot currently confirm exact dates as we have identified an opportunity to share a rig with another operator in country that needs to drill some wells. Crucially, according to The Board, this arrangement:"

1. Seems very likely to allow us to meet the timelines stated above"

2. Will allow us to save considerable costs, preserving more of the free carry"

3. Means that we will have use of a rig that is due to be in Tanzania within the next month"

"SCHEDULE WITH DATES WILL BE SHARED SHORTLY – once all plans and contracts have been signed-off. There are some negotiations ongoing."

I thought it was said by some who attended the AGM, ARA will be using the rig that's been in use in Oman, in fact it was said that the rig is on route to Tanzania now.

"Like Crusty said, what's another 6 to 12 months before we see the CH1 drill"

Maybe a drop in the share price from 2p to 1.4p is the difference, Cperkin 🙂

No

Yes, I expect there's many share holders that might use a more stronger language to describe them.

"pre-emption rights come with full funding obligations"

Yes that's right they would have had to pay all SCIR past cash calls that was being held in absence as the deal was completing.

"Indeed, I got out as soon as they were selling the asset to the Zubairs for even less than Aminex did!"

Yes, well it wasn't ARA/Zubair's that negotiated the (steal of the century) deal, that was masterminded by Wentworth and the board of SCIR.

ARA, just decided as operator, to exercise their rights over and above Wentworth, allowing them obtain SCIR on the same terms offered by Wentworth.

Cperkin "Well I could do that , but they have been telling us they were going to drill every year for the last few years so my guess seems about as good as theirs!!!"

Your guess as good as theirs !! hmm, well you certainly guessed right with SCIR 🙂