Member Info for cperkin

They could have done that at 0.45p and at anytime before, the fact they haven't speaks volumes.....it's just Tanzania time, well known to work on a different time range, maybe due to high density of the Rift valley (think singularity) XD

Question is and based on the results from adjacent licence, what should we expect from the stacked SMD?

........

Well mot companies work on a PE ratio above earnings position so closer to 3p would probably be a fairer valuation & still on the low side.

As for Operator status, it surely fully depends on what they do with Kiliwani, with cash in the bank they could very easily invest into the asset, 3D & identify drill ready prospects. They do after all have a development Licence in place to 2036

25 year development licence next & CH1 drill + workovers over Ruvuma.

My 7th March post...

We all know they don't have the money to complete an extended well test and drill an appraisal well, so most likely events are

Q2 placing

Q3 Test and appraisal drill

The market is certainly reacting as if this is the case.

Beware the weekly de-ramper with tails of woe. 16TCF and counting and all just waiting on the development licence which is due to drop any day.

GLA

Get the forward plan published with any funding out the way asap, then this can grow again.

Indeed Crusty, even the SCIR bod have finally learnt the lesson. At least it is not the usual and very over used "imminent"

You mean this one?

"The Company looks forward to providing an update with results from the Upper SFS flow test."

Well to be fair they all say that kind of thing.... Results are due any day on the first target at least.

What are you on about? It said nothing about flow rates, testing is not complete yet. It was a normal holding RNS explaining that it is nearing completion....

SCIR's RNS says end of March.............ish

"Final Investment Decision (FID) being taken by the parties to the Ruvuma Asset Production Sharing Agreement or the JOA as the case may be, looks to remain on track for end Q1 2024, albeit this may be subject to delays"

The FID can't happen without the licence....

.....

Once they have confirmed their forward plan and associated costs and contingency & felt out the market, they will raise imo.

£6 to £10 mill would be my range guess for EWT, appraisal, second EWT if a success :) & CPR and development planning.

According to the SCIR RNS

Just saying.....

We all know they don't have the money to complete an extended well test and drill an appraisal well, so most likely events are

Q2 placing

Q3 Test and appraisal drill

The market is certainly reacting as if this is the case.

And to think that I took stick on this BB for suggesting they would need a flow test and appraisal well before having any serious conversations about off takes etc.

Hey Ho

Why are you surprised at all RJ? Aminex made plenty of money from condensate sales from KN-1

Careful if you read this posters de-ramping posts.

Previously they continued to post week after week "The odds are in favor (yes they spelt it wrong)of isolated small stratigraphic traps .. jmho."

Wrong, wrong wrong as per the 3D results published last week, makes you wonder what else they are so expertly be wrong about?

The 3D dataset has also revealed, for the first time, considerable undrilled exploration potential within the broader licence area. Multiple undrilled structural and stratigraphic plays spanning a range of geological intervals are estimated by APT to contain a total Pmean unrisked GIIP potential of 8.43 Tcf (excluding Ntorya). These new plays and prospectivity currently identified to date contain a risked Pmean GIIP exploration potential of ca 2.2 Tcf. Ongoing work, including advanced seismic imaging and reinterpretation of existing wells, is being undertaken to reduce geological uncertainty and mature the new exploration portfolio. The new volumetric studies result in a total updated unrisked GIIP volume for the Mtwara Licence of 16.38 Tcf.

https://www.lse.co.uk/rns/AEX/ruvuma-seismic-update-onc65upi3b8jp5q.html

Https://twitter.com/AminXunofficial/status/1765162311340245082

"All the required agencies have approved the licence and they have submitted to the cabinet for final approval. Signing a gas sales agreement with Tanzania Petroleum Development Corp. (TPDC) in January, APT reported the issue of the licence was imminent."

Our #3D #dataset is increasing #geological certainty + has revealed considerable undrilled #exploration potential within the broader licence area of our #gas field development. Discover more in our recent announcement http://admin.aminex-plc.com/uploadfiles/240229%20Ruvuma%20Seismic%20Update%20-%20final.pdf

@AP

https://twitter.com/AminexPLC/status/1764639221627699210

#Investor #Africa #Ntorya #Mtwara