Member Info for cperkin

They will surly need one or both steve? Any dilution of course will hurt the bod badly since they own around 8% of the shares in issue. I guess it is all down to terms and also cash available based on alternatives like asset based lending, something Gneiss I believe offer as part of their business model.

We can only wait for them deliver, certainly it is something they have complete control over and the first deal will tell us all we need to know about the capabilities of the new team, how investable they and solo are and if their reputations, including that of Gneiss cut the mustard in practice.

Till the PSA review is complete nothing will move and this applies to both Ntorya as well as to Killi. The current negotiations with the GOV with the majors sets the timeline imo, so I would agree with matherdj, Next month at the earliest and more likely Oct.

Hi gav, 0 debt and a best guess is a few million in cash and shares (they still had UKOG shares to sell in the annual report)

As for a producing asset deal, it all depends on what they deliver and how it is structured and can only go on their statement.

" As set out in the post-period strategy update, we are looking to move on acquisition opportunities that diversify the portfolio and provide the Company with cash ? ow. We are very mindful that we wish to achieve this growth without raising substantial equity and thereby diluting existing shareholders in the process"

Till we see a deal and terms, it's all guesswork.

Hi Froggy the Main pipeline the Chinese built is a massive 36 inches, so the 8 and 16 in the picture are additional constructed/to be constructed.

3 years is a long time. We already know what the Ntorya asset is worth, $20 million on day one of the licence being issued, but probably much more due to he $107 million the Zubairs start chucking into the project. The big question for me is how big will the first Bod deal be, 500 boepd, 1000 boped, more, less and what will be the impact of both being delivered this second half?

Ntorya Tanzania :)

I hear that during the individual negotiations, Shell accepted the new Royalty terms and Exon rejected them. Lets see what they all agree next month. Sets the terms for all no doubt.

A little more and the September negotiations.

https://www.cwctog.com/wp-content/uploads/2019/08/Minister-to-provide-updates-on-2022-LNG-Plant-Construction-at-Leading-Oil-Gas-Congress.pdf

Brilliant band Ariel!

Only 2 bags Babel, what about the spud date post lic?

And who becomes the leader of SADAC from August 2019 to 2020? The Tanzanian president,John Magufuli no less.

Thanks Froggy. No issue with demand that I can see over the lifetime of the Ntorya development, at least till the CNG comes on line anyway.

October so just after the September Gov negotiation closure with the majors.

Worth keeping an eye on at least.

Forward looking statement disclaimers are always in the introduction pages, can't think of a time when I have not seen it with any company.

The latest presentation is here.

http://admin.aminex-plc.com/uploadfiles/Aminex%20AGM%202019%20as%20presented.pdf

Everything hinges on an appraisal licence post PSA review.

https://www.lse.co.uk/rns/AEX/aminex-plc-ruvuma-farm-out-update--cyaldvsysihpqqm.html

According to the Petroleum act, the licence renewal is automatic, but not necessarily the terms!

GL

Plenty of demand building inside and outside of Tanzania, the regional news papers are full of it.

They better start extracting some to feed those new gas fired plants, that will also connect electricity to the African grid being built. Anytime soon?

Buys out weigh sells, £5000 buys don't move the SP and it takes several to move it a couple of % and one sell for £313 and they drop by 1.92%

tarts!

I did try and call Dr John M to confirm the timeline for the list but his assistant told me that Drewk's list was to detailed and to ask some multi id's instead.

You can but try ;)

Thoughts go to Wassatt junior and friends and family. A top guy has passed who was always friendly, intelligent, amusing & welcoming and will be missed deeply.

Thoughts and prayers.

Never met in person but always kind considerate, funny and engaging and will be missed.

Rest in peace wassatt and best wishes to your family and friends.

Most certainly RoJo a nice summary of the assets, Farmout deal etc. Saves on a lot of research, although a read through the last presentation helps.

Depends on how long you think you should give them to deliver a good deal Caddy, they announced the strategy in March. In my opinion 6 to 8 months would seem like a reasonable timeframe to deliver based on screening, DD etc.

Like Ariel, I will give them till the end of H2 before judgement on their transformation plan.