Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
http://admin.aminex-plc.com/uploadfiles/Aminex%20PLC%20Annual%20Report%20%26%20Accounts%202020.pdf
2024? The government have already provisioned funds for 2011/2022 budget to drill Chikumbi-1 well?
Page 77
https://www.nishati.go.tz/uploads/documents/en-1622628440-HOTUBA%20WAZIRI%20WA%20NISHATI%20MWAKA%202021_22%20(1).pdf
https://www.nishati.go.tz/uploads/documents/en-1622628440-HOTUBA%20WAZIRI%20WA%20NISHATI%20MWAKA%202021_22%20(1).pdf
Anyone else been able to get anything out of Camarco recently? I have asked them some questions but like a lot of these companies not even a reply to say that information is market sensitive and will be released via correct channels.
88e current MCAP of over £200m and needing funding to drill again while not producing is crazy and will likely end up below 1p again. While Aminex is valued at close to 30m and fully carried to production. This should make its way to 100m mcap and beyond once 3D seismic and drilling plans are known to the market.
Construction of a new cement production facility double the size of Dangote started last year which will add further demands on gas if used
https://cceonlinenews.com/2020/06/29/construction-plans-begin-for-tanzanias-sinoma-cement-plant/
Looking at the trading patterns recently it looks like either there is a large seller or forward selling for a placing. There has been plenty of buying but no uplift in sp. I suspect if there is a placing the BOD waited for the approval at the EGM to continue to be able to continue trading shares on the open market before starting the forward selling. Otherwise if the EGM was not approved they forward sellers would have needed to buy back the shares on the open market to cover the effective short.
From the 2019 accounts document
An associate of Zubair, ARA Petroleum Tanzania Limited, will become operator under the Ruvuma PSA and is required to drill the Chikumbi-1 well, acquire at least 200 km2 of 3D seismic over the Ntorya Prospect and implement an early production system (or proceed directly to a full production system as may be required). The purpose of the Farm-Out is to accelerate developmentof and production from the Ntorya field.
IG Announces 100% Margin Requirements on 1,000+ Stocks
https://www.shiftingshares.com/ig-announces-100-margin-requirements-on-1000-stocks/
If i didnt know any better, id say there was a placing in the works. quite a number of buys during the day and no uplift in price then large trades shown at the end of the day slightly lower than the majority of buys today which means are likely sells. There have not been enough sells below 0.41 to make those two 3,350,000 trades buys.
Similar story yesterday with the two trades 2,800,000 & 2,300,000 @ 0.40
Plan b could well be to place some shares to give them enough working capital to workout where to go next as they know the gov are not going to sign this off by the 15th.
Not a holder just an observation and thoughts.
How can you be so sure that there will be news this week? I know that BLR will not give out any information to investors through any media apart from through official channels like RNS. I really do hope there is news this week but I find it hard to believe that some people are more in the know than others.
Black Rock to start Arce output in May - Colombia Published: Thursday, March 23, 2006 11:40 (GMT -0400) British oil junior Black Rock Oil & Gas (AIM: BLR) is steam-testing the Arce field in the Las Quinchas block of Colombia's Middle Magdalena basin and will start first production in May, Black Rock managing director Ivan Burgess told BNamericas. Arce is thought to hold gross recoverable reserves of 5 million barrels of heavy oil. Production from the four wells already drilled could be in the region of 150 barrels a day per well, Burgess said, adding that as many as 30 wells could eventually be drilled. Black Rock bought a 50% interest in the 249,000 acre Las Quinchas association contract from Kappa Resources in 2005. On the Baúl field in the same block, technicians are evaluating the well and casing, and if both are in good condition, the company will prepare them for production early in the second half of the year, Burgess said. Production there will probably be similar to that at Arce but from one well only, with further wells dependent on how the first one performs. Black Rock has a 50% non-operating interest in the Alhucema contract that lies immediately north of Las Quinchas. Black Rock and Kappa are acquiring 2D seismic and could start drilling this year. By Karl Royce BNamericas.com
I was just looking at the activity of the share today. How can the share price go down even when people are buying the share, it just seems a bit wierd to me. Hopfully we will hear about the steam test in the next month or two. I feel there is alot of upward potential to this share, if only Black rock would give some more frequent information regarding its operations.
Did anything happen today? There was alot of activity in the afternoon.
Are there any sources on the directors flying back this weekend? I think could it could be worth a gamble on these shares.
Does anyone out there think that this company has a good future ahead? it seems they have quite a productive year ahead but lack of news from the drilling sites is a bit concerning. Any info opinions?