Member Info for cperkin

Strange old week, posts deleted, posters appear last night and account deleted after posting about half price assets when the current offer is $20 million for 25% @ AEX

I think Big Double made a good point the other day, £20 million would recover all costs but give no upside for shareholders.

6 to 10 Mil would not even recover costs already spent on drilling, $10 Mil for half would match the current Zubair offer to AEX & would have the same contingent condition.

The strategy is unchanged AA, we just have no idea of how close or far away any deal is, almost like waiting for the Ruvuma licence etc, could be months, weeks, days. As for Helium-1 IPO, I don't see it with current market conditions.

It seems possible that the next news is about KN-1 as per the last RNS, the money owed would clear the path for funded remediation and possible near term production whilst waiting for the poxy licence.

When AEX have this meeting with the Gov "Scheduled" however is any ones guess.

Michael Jackson & the Squeeze, whatever next?

https://youtu.be/B5w8wgNrhiU?t=916

https://youtu.be/B5w8wgNrhiU?t=916

Was much the same in the months prior to the suspension opposite, you think it's coordinated SP manipulation?

Not sure the Tanz Gov have a clue either Sambo ;0)

lol Frank says you assuming months and extensions.

I agree don't assume anything, a positive result over monies owed to AEX and the JV would bode well though. Worst case should be a return of the excess money held back, the dispute was only for around $5 mill and not the $6.7 mill held back from payment.

Based on the last RNS matherdj, they should be meeting the Gov about the $6.7 million owed for gas already supplied. The money would come in handy either way and if this is finally resolved it should bode well for the psa and licence.

Same for the Jay B and J Parsons cash shell trrime (if interested)

Sorry AEX CEO Jay B that should be. He drilled all the wells on the licence area and is well aware of what is expected from C1 and the FFD

Thanks steve, I assume they had no offers or at least nothing much after just the one exploration well?

I agree ref the BOD, they say their strategy has not changed, the problem is that these deals take many months to turnaround so unless they have one or more in final stages, it could be months before we see anything else from them?

Pure speculation but I was wondering if the old AEC CEO Jay B would be interested, he has a cash shell with Parsons (Ex CEO of SOU) and they have to complete a purchase by May 7th or de-list. It would be good to have some competition for Ruvuma outside of the Zubairs.

When was the NR data room Aston? I am guessing just after the first drill NT-1 around 2011?

11 times increase in resources since then with the second drill and 763 BCF 2C since then along with 1.8 TCF GIIP.

Don't know why you lot waste your time responding to their dramatic headlines and post.

Data room should be about open.

Still think we might see some of that money owed for gas already sold to the Tanzanian Gov and that $600,000 before interest that is owed. Would add nicely to the returned deposit.

Kiliwani Gas Receivables
Aminex is in discussion with the Tanzanian government authorities to secure payment of the outstanding receivables owed for gas sales from the Kiliwani North gas field that amount to approximately US$6.7 million (gross) excluding interest. This is finally being progressed after the return of senior government officials who have recognised their obligations and are making efforts to resolve the matter. A meeting has been scheduled and we hope to be in a position to update shareholders soon.

I agree opp0site. The squeeze is blatant, as was the Aminex Zubair RNS regarding the "Advanced work programme" All pending a licence of course, which gives an immediate read across base value.

As per the last RNS, SOLO already have the cash as per the current approved budget, pre-licence.

Sticky.

Yes steve both AEX and solo would be finished. In saying that and at this price today, if the licence drops then 300% on the SP would only value solo at £15 mill and less than the farmout price.

Blimey - 21% on 16 trades and a total value of £13K must be all that Oil that SOLO are not pumping.

Madness!

The only news that looks likely Little me is movement on the Monies owed for gas already sold.

Kiliwani Gas Receivables
Aminex is in discussion with the Tanzanian government authorities to secure payment of the outstanding receivables owed for gas sales from the Kiliwani North gas field that amount to approximately US$6.7 million (gross) excluding interest. This is finally being progressed after the return of senior government officials who have recognised their obligations and are making efforts to resolve the matter. A meeting has been scheduled and we hope to be in a position to update shareholders soon.

Solo's share of the cash would be nice.