Member Info for blackgold00

as things stand Aminex Market Cap is £19m and Wentworth's £39m. so what potential value could be put on their assets combined ?

2 February 2021

just to rub some salt into the wound

WENTWORTH RESOURCES PLC
Operational Update and Reserves Update

https://polaris.brighterir.com/public/wentworth_resources/news/rns/story/xpp9omx

just to rub some salt into the wound

2 February 2021

WENTWORTH RESOURCES PLC
Operational Update and Reserves Update

https://polaris.brighterir.com/public/wentworth_resources/news/rns/story/xpp9omx

"What have we got left on the current licence, 9 months ?"

about 2 months i believe.

no RoJo, not irrelevant, it's just not been appreciated yet. : )

"As to where we are at. The FO was to be the game changer and many posters here hung their hats on it. The SP has cratered and the old longs have vanished"

buckler, "As far as I am aware" the SP cratered not because of the FO significance, but because of the disappointed news, when it arrived, that CH-1 wouldn't spud for a further year, until start of 2022.

kind of agree jackpack, and yes on the front of it would seem "a merger at this moment with such a low share price is a very bad idea it would decimate aminex" but then again, looking forward, what value could be put onto Aminex' 25% of its Ntorya asset with a projected 30 year production/income ?

the "cost reduction process” (appears to include some of their paid PR)

well yes maybe, but were they ever really needed in the first place. the question for me is, what are the (strategic initiatives) going forward, now the farm-out is complete, plus how reliant those initiatives are on a merger/marriage of some sort. i can't see, that batting down the hatches and doing nothing until Ntorya gas flows as being the strategic initiative.

No i think negotiations with the Tanz authority, of the receivables owed from KN-1 GAS, the Nyuni extension with the 3D work-program, plus a potential merger/partner are and have formed those discussions. TPDC need new gas discovery's to supply their new Songo Songo gas plant. in my mind doing nothing is not an option, especially as there is so much to be gained by all.

Strategic and Corporate Update

"To take advantage of opportunities provided by the Ruvuma Farm-Out, avoid the need for further dilution, and improve shareholder value, the Company has been working on several important strategic initiatives. As part of these initiatives, the Company is restructuring the Board and further cutting costs. "

"At this point, I'd like to see Zubair Corp pump some more investment into the company -"a

well with a market cap of £18m, a £4.5 investment would command a 25% delusion,

"What strategic initiatives? We're clearly a shell company now. "

well, if that's the case, then why are they still negotiating with the TANZ authority regarding the Nyuni PSA extension / 3D work program, that will need considerable funding one way or the other, so i see the Nyuni license as forming part of their (strategic initiatives) ie; partnering.

WEN
"2020 was a very active period for the Company with a number of discussions initiated to support our growth ambitions and these remain on-going with key stakeholders in Tanzania."

https://www.lse.co.uk/rns/WEN/operational-update-and-2021-production-guidance-rwxwj6o5nja224v.html

"No 'marriage' then."

no, not yet, but are they positioning the board getting all groomed ready. "To take advantage of opportunities provided by the Ruvuma Farm-Out " ? keep the faith : )

and a safe, happy and prosperous new year everyone.

well, i cant see the Zubair's/Aminex wanting to renew the Nyuni license and committing to an extensive 3D work-program, without due consideration to funding it. I'm expecting the next bit of real news, to be in regards to the Nyuni extension/funding, who knows, maybe a spring wedding.

"CH1 well brought significantly forward according to proactive.

"Or an honest mistake?"

yes, don't know about that edgar, and inclined to agree with grsshaw

again from SCIR RNS
"With the well now confirmed it provides the basis for contracting the necessary services to execute the programme. APT will now progress with securing the Long Leads Items ("LLIs") including the well head and rig. The joint venture will look at the option for an early mobilisation of the rig to Tanzania in order to mitigate against one of the key uncertainties on the timeline to spud."

"Scirocco fully expects a ramp up of drilling preparation activity commencing in early 2021 including the civil works for the well pad in preparation for the arrival of the rig, the securing of LLIs and deployment of services to Tanzania in anticipation of spud currently scheduled for January 2022."

or maybe, just maybe, they (ARA) were willing/planning to drill the CH-1 well, at the end of this year start of next, as stated many times, IF, that is, the farm-out had completed sooner. yes all water under the bridge now, and as stated the CH-1 well, will be considerably de-risked by the 3D. hope we hear something soon re; financing/wedding bells soon, as the Nyuni license extension along with its work-program, must be announced sooner or later. merry Christmas every one.

expression maybe truth being suppressed

watch from the beginning

to anyone who has an ear

https://odysee.com/@Chris_Martenson:2/censored:4

Malcy has lost his contacts at Aminex, or should i say, Aminex find Malcy irrelevant