Member Info for cperkin

Exactly peking, options have to be paid for at the issue price at the time of exercise and the price is subtracted from the then awarded cash.

And you steve. AEX Farm-out completion should be along soon and the transfer of operator the Omanis.

Both sitting at exactly the same Market cap as well John and both with significant gas assets valued significantly above those market caps.

BLOE bb talking again about some merger/buyout of solo

Very soon I hope Crusty, hardly seems beneficial for anyone to delay the change of Operator to the Zubairs.

A cornerstone investor like the Zubairs could be another option. They bought into almost 30% of Aminex prior to the NT-2 drill and thus funding it before then making the farm in offer of $40 million for 50% post drill results.

Could the same happen here for the C-1 drill?

it's all the legislation allows for, a 1 year extension at a time.

"The Government has allocated Shillings 5.2 billion to compensate citizens to pave way for a large LNG Gas processing project in the Likong'o region of Lindi region. This is good news for the Oil & Gas sector in Tanzania. "

https://twitter.com/abdulsamadz/status/1255936827070046208

"The Government has allocated Shillings 5.2 billion to compensate citizens to pave way for a large LNG Gas processing project in the Likong'o region of Lindi region. This is good news for the Oil & Gas sector in Tanzania. "

https://twitter.com/abdulsamadz/status/1255936827070046208

No news....yet

As at 31 December 2019, the Kiliwani North partners in jointly controlled operations were owed US$7.8 million (including interest)

http://admin.aminex-plc.com/uploadfiles/Aminex%20PLC%20Annual%20Report%20&%20Accounts%202019.pdf

Volume still quite low but ask being repeatedly hit.

The next RNS should be the completion of the farmout for Aminex and the handing over of the JV operator status to the Zubair corp, would be good to have the $6.7 million owed for gas settled as well, I am sure solo would appreciate the additional cash. Don't see how the KN-1 work can be approved without settlement.

Aminex lands Tanzania contract extension
Slow-moving Ntorya gas project takes one step forward to farm-out deal being wrapped up and Solo's stake sale being concluded

https://twitter.com/mtanzania/status/1255083906048679936

With the licence now issued by the gov, the remaining condition and approval by the Gov should not be far behind and the farmout can then complete.

Half a job so far with the licence, guess the market is waiting for the rest?

THaks Frank.

Solo Oil
Solo has received confirmation that the Mtwara exploration licence within the Ruvuma PSA and that contains the Ntorya gas field has been formally extended. Solo has demonstrated patience but no loss of enthusiasm to get this high quality onshore gas project moving forward and comment that the Tanzanian Government are showing that they want this to be a critical project in-country and that this JV is the first to receive approval.
As soon as ARA have been approved as operator by the Government they will bring to the partnership substantial operating capability and in country experience to move the project forward. As Solo has launched a formal process to ‘explore value realisation options for its assets in Tanzania’ this must be an important move and according to the company it has seen ‘an encouraging level of interest in its Tanzanian assets and a number of interested parties have requested access to the data room.
Should this be successful for Solo it will provide a significant value unlock-er and potential farm-inees will know that this key asset is very much under way. It is worth looking at Wentworth who are non-operators, enjoying the currency of the gas and being paid for it by the TPDC.

https://www.malcysblog.com/2020/04/oil-price-hurricane-aminex-solo-columbus/

Bit unlucky there Lee, I have used the same with Barclays a couple of times this month on other stocks and in both cases they got me a slightly better deal than the trades that were going through on L2 at the time.

GL

Finally the web sites "Debt Free" is again true, looks like a while yet to fulfil the "Producer claim" but at least its a carry to production +

The Omani's or another party trrime?

Well for a change we might soon see trrime, I will have AEX exposure to the drill anyway and either the drill or the cash for the licence area here. I want to see what is hiding in the Jurassic myself.