Member Info for cperkin

Morning steve, another great weekend in the Garden :)

Looks to me like the so called update might only be the ARA, hope I am wrong and it is something newsworthy and positive but as each day ticks by expectations get lower.

Not sure about the delay with the AEX/Zubair farmout, could be linked to progress on solo's 25%?

Situations change Burning and it's up to you the investor to adjust your risk as you go along. 2017 that Caddy keeps harking on about for example saw an 11 Times increase in gas assets discovered, 25 year development licence applied for whilst still earning income from the then KN-1 producing asset with a back to back drill expected with NT-3 and a Helium-1 IPO

KN-1 dried up & the back to back drill never happened whilst the Gov wasted 2 .5 years trying to decide if the contract and PSA terms were what the country wanted and we are now waiting on them to approve the AEX/Zubair farmout whilst the mining review also impacted any progress on H-1

You have to adjust your position as events happen (or don't) Anyone who bought @ 0.35 up has multi-bagged, where it go's from here depends like always on events. Will the BOD produce a deal on asset that completes this time and what will they do with the Primary asset? current being farmed out at a price far in excess of the market cap.

By Editorial Dept - Jun 12, 2020, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/Natural-Gas-Is-Ready-To-Rally.html?utm_source=dlvr.it&utm_medium=twitter

Thanks to Ivans on the AEX bb

When the AEX/Zubair farmout completes then they will start prep for the drill and the 3D seismic so will need money then. otherwise the BOD claim they are funded for G&A and Operational till year end.

Will need to place if the secure a deal for a producing asset.
Will need to place for drill year end/Q1 2021
Will need to place for 3D seismic

Will not need to place for 2 & 3 above if they farmout some or sell some or all of their 25% of the 2TCF GIIP/ 726 BCF 2C

Afternoon steve, the closer we get to the end of the month, the more I believe "We are working on an update for the market" is just the annual report (ARA)

So no update at all...

Advice Caddy, I don't give advice. I have no financial qualification to do so. I have opinions and sold out back the because NR was about to do another dilution and wanted to spend millions more on Helium-1.

You and burning seem to be the ones that dish out "Advice" as "Facts" apparently. A bit like the rubbish about the current bod being in place for 5 years..... utter nonsense.

Budget day in Tanzania today, maybe the minister can sign the document after completion?

Stats Caddy? Just the chart as shown on this site, Google and the London stock exchange. Not my stats.

4.1p Caddy, really? 2017 was the last time it was that price and around the time I sold my whole holding. Memory is a funny thing it seems.

Another one of your outstanding facts Burning?

0.35p to 1.275p since 19th March, that's over a 360 % increase.

...

Other than sounding like the BH fan club, there is as per usual loads of inaccurate statements in the Phoenix article (Irish Private Eye) As if BH had nothing to do with the farmout and the Zubairs moving in.

Anyway thanks Battle.

Well guess what Gneiss and some of our Board are involved.

https://gneiss.energy/gneiss-energy-advises-bahamas-petroleum-company-plc-on-merger-with-columbus-energy-resources-plc/

Would be interesting as the merged company would hold 50% of Ruvuma, the same amount as the Zubairs…..

https://investegate.co.uk/columbus-energy-res--cerp-/rns/recommended-all-share-merger---2-7/202006111149546970P/

Might be good for SOLO and AEX to do something similar?

https://investegate.co.uk/columbus-energy-res--cerp-/rns/recommended-all-share-merger---2-7/202006111149546970P/

Could solo and Aminex do something similar?

0.895 to buy, will look very cheap post farmout I expect.

Need to see some action first BG!

Looks all set for a mid price trade end of day for ye old buy or sell ?

Good luck Jetty, I assume you mean the new Aminex CEO and movement on the 3D seismic and spud date? I agree nothing will happen over the Ruvuma PSA till the minister signs off the farmout, with the CGT already paid by Aminex and the stamp duty by the Zubairs I don't see what is holding it up other than the usual Tanz gov speed.

As for solo, where are they with a producing asset deal?
I assume any farmout by solo is awaiting the farmout completion by AEX/Zubairs
Helium-1 reckon they will drill H2 - with no sign of the IPO and the money to do so, it is again not encouraging.

Where this update Bod? and I don't mean the ARA!

Shows up here crust as late reported, even though the trade was 09:34 like you say. £13k sell.