Member Info for cperkin

PMO hit 10p as well

FTSE- 8%
AIM -5.4%

Aex have no oil....yet

FTSE- 8%
AIM -5.4%

Solo have no oil.....yet

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.

Cash would be nice.

Good luck mjapac. Straight £15 mill on market cap on the licence v current £6 mill imo.

What the old weekend multi board desperate pump @trapped during non admin hours AA?

Wonder if it's relevant.

SOLO put their main asset, 25% of 763BCF 2C and almost 2TCF GiiP up for sale next week. Jay B drilled all the wells on that licence area, might he be tempted?

Just a thought.

The board have all the potential on paper and based on History, but so far have delivered no real shareholder value Frank. Capable but unproven here at solo would be my summary.

They like NR was, are currently at the whim of the Tanzanian Governments policies and pace. Either they deliver a deal outside Tanzania soon or they may as well scale back to minimal head count and ride out the Tanz gov shabby policy and decision making.

Like I posted before, the money owed for previous gas sales would come in handy and be a positive sign for PSA and licence.

When exactly is that AEX/Gov meeting?

+1 steve and exactly what the Governing Petroleum Resources: Prospects and Challenges for Tanzania report in November concluded. Use it or lose it, or rather leave it in the ground for ever. Our lost income is the Governments lost income and the Tanzanian peoples lost income.

True steve, Aminex also have no income, share the same assets (other than those they impaired in the last YE) and a £30 million mcap.

I don't think discovering and appraising 763BCF 2C and almost 2TCF with 2 drill as a waste of time, the only waste of time is the Tanzanian Gov making up their mind about what they actually want & want to do post NT2 drill.

Their move again it seems, lets see what comes of this Aminex Gov meeting.

Have a lovely weekend.

Probably our little manipulative trader that's back, £50 sell here £30 sell there. Not seen that since long before the suspension.

No price impact at Aminex so not related to the main Solo Asset.

Looks and smells like bull to me trrime.

Happy Birthday Frank!!!!!

3.5p I think it was Ariel. Unfortunately they have manged to do SFA to improve the situation to date.

Exaggerating there oppo3ite, less than 25%

Same for me, in and holding significantly more than I ever have before.

Till they have had the meeting with the Government trrime, it will remain intangible. Question is, when is that meeting and what will be the result.

"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."

Supported by prudent monetary and fiscal policies, Tanzania’s economic conditions remain stable, with economic growth estimated at about 6 percent, inflation at under 5 percent, an adequate level of foreign reserves, and manageable public debt.
In the period ahead, a robust and decisive set of policies will be critical to increase private sector investment, job creation, and support high economic growth and increase resilience against risks.
The discussions centered on measures to mobilize domestic revenue, resolve government arrears on VAT refunds and expenditures, increase spending in education and health while improving the efficiency of such spending as well as that of public investment projects, remove barriers and regulations affecting the business climate, and build skills in the labor force.

https://www.imf.org/en/News/Articles/2020/03/05/pr2081-tanzania-imf-staff-completes-2020-article-iv-mission?cid=em-COM-123-41239

Supported by prudent monetary and fiscal policies, Tanzania’s economic conditions remain stable, with economic growth estimated at about 6 percent, inflation at under 5 percent, an adequate level of foreign reserves, and manageable public debt.
In the period ahead, a robust and decisive set of policies will be critical to increase private sector investment, job creation, and support high economic growth and increase resilience against risks.

Last paragraph exactly!

https://www.imf.org/en/News/Articles/2020/03/05/pr2081-tanzania-imf-staff-completes-2020-article-iv-mission?cid=em-COM-123-41239

I have never been to Tanzania, only Kenya.

Anyone ever heard of a CPR? not you mherby as clearly not.

fair point