Member Info for cperkin

That should say, sell part or all of Ruvuma.

Ah sorry so you are talking beyond just the drill bit being sunk, indeed there are many costs then that have to be considered, one of the larger ones being who pays for the pipeline, TPDC or the JV.

There are too many unknowns to state anything definite regarding funding, a producing asset for example will provide revenue and along with the 2C resources already discovered and appraised along with the Zubairs commitment of over $100 million to bring the asset to production would make asset based financing an option. It also depends at what stage the BOD sell part of all of Ruvuma?

SOLO is worth book value 3.5p on just the licence delivery alone, so I agree with Bluff undervalued assessment + the BOD said delivery of a deal would be non dilutive.

So 3.5p on licence for me and C-1 drill and limited to no funding required, bearing in mind they already have enough to cover dry hole drill costs.

Well best of luck this time round burning, seems you missed the chance @18.5p in 2017, no sleeping this time.

But you are quoting old management tactics and new management promises, not sure you should confuse the two, the new management Jam is not due delivery, quite yet. Anyway looks like development over the primary asset is expected judging by the aminex movement.

Well they have had plenty of time to prepare ;0) just need that licence to kick it all off.

Could be interpreted as the Zubairs preparing to drill by moving in Operational field development management.

RNS Number : 4240L

Aminex PLC

06 September 2019

6 September 2019

Aminex plc

("Aminex" or "the Company")

DIRECTORATE CHANGES

Aminex is pleased to announce the appointment of Mr Robert Ambrose, as a Non-Executive Director of the Company with immediate effect. Mr Ambrose will replace Mr Sultan Al-Ghaithi, who steps down as a Non-Executive Director, also with immediate effect.

Mr Ambrose is the Chief Operating Officer of The Zubair Corporation's Energy & Logistics Division. He has a Petroleum Engineering Masters from Imperial College, London, and a Mechanical Engineering Honours Degree from Brunel University in the UK. He has over 30 years' experience in the oil and gas industry, from downstream to upstream, covering many aspects of the supply chain and has experience in and held senior management roles involving the reservoir, well construction and production both onshore & offshore. Mr Ambrose joined The Zubair Group in 2001.

Under the terms of the Shareholder and Relationship Agreement dated 8 July 2016, Eclipse Investments LLC ("Eclipse") has the right to appoint two directors to the Aminex Board. Along with Mr Ola Fjeld, Mr Ambrose is a representative director appointed by Eclipse.

Mr Ambrose will be proposed for election by shareholders at the next General Meeting of the Company.

Aminex confirms that there are no matters requiring disclosure in respect of this appointment under paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.

Aminex Chairman John Bell commented:

"We warmly welcome Robert Ambrose to the Board of Aminex and look forward to working with him as we, first, seek to complete the Ruvuma Farm-Out transaction and then progress development of the Ruvuma project as soon as possible. Robert's breadth and depth of experience across the industry will be of great benefit to the Company.

On behalf of the Board, we thank Sultan for his contribution to the Company over the last two years and wish him well for the future."

I tend to ignore any fall or rise thats covered by the spread?

Tom was ramped to get a placing away on the 14th August (Garyn & co called it), SOLO and AEX are simply undervalued @ nav.

Make the last placing price today & once thats achieved then maybe NAV recovery can begin?

Both shares were walked down to less than half NAV and on the way both shares placed and even then both were walked down to around half the placing price.

So parity back to the respective placing prices of 2.25p for solo and 1.45p for Aex still will take them no where near to NAV. Conclusion they both have a long way North to go before value is fairly reflected. At least it seams the re-rate has begun.

Shake completed and from double figures down into positive territory as the positivity and expectation continues.

The new PSA terms apply to the production licence so I also expect no significant progress over KN till the terms are resolved.

Agree OG

Very tasty rise over at Aminex again +31%

Initial target for AEX before news is 1.45p & Solo 1.25p and that only brings the back to the last placing price and certainly does not even then account for current asset values.

Could = multiples

looking very likely with the ask about to break a penny.

room 101 that one.

Both AEX and SOLO were walked down well below their last placing/raise price with no change to fundamentals to back such a drop so Aex should naturally recover to 1.45p and solo to 2.25p anyway. Above those prices I would then consider a recovery is underway.

You must have woke them up with all your researched links Froggy ;)

https://twitter.com/solooilgas/status/1167361040373506048