Member Info for cperkin

Oh and Kejoglo, I certainly distribute all the research I can find on a share I am invested in and sometimes some I am not. I don't ask for thanks but I am entitled to my opinion on the shared "data" as you call it.

Haha, wondered how long it would take before the self imposed Police arrived to attack a poster and offer no debate on the share.

So lets start at the beginning shall we. Yes there has been a 2 year delay since the appraisal drill and the 11 times gross increase in resources, mainly as a result of the Government and the review of both the mining and O&G legislation and PSA terms do you not agree?

Exteremly frustrating for genuine shareholders both at solo and at AEX. The value of the asseet based on the current poultry (imo) farmout offer is worth more than the current market cap, do you agree?

An apprisal licence is all that is required to complete the farm out and announcee the spud date for the third well, that is already financed by solo. Do you not agree?

Looking forward to your response to the 3 points above Kejoglo.

Many thanks,

Chris

No idea, I think everyone has given up guessing. If you believe the Irish private eye & they plan to drill in two months then yes, well before the end of July.

Upside potential, the only reason anyone holds any share. Very significant when you consider the huge size of the core assets and none more so than those already drilled.

Plenty of smoke around this last week, a GSA signed, thousands of mining licences issued, Gov reports on using Mtwara gas (the name of the JV licence area) and a new gas guzling plant, Magazine article on drilling in 2 months which would mean an appraisal licence in as little as 2 weeks.

Lets hope we see some fire soon!

Good luck genuine holders.

No where near the worst performers and certainly at least one with very significant assets and not a share where they are yet to be discovered like most of the resource stocks.

Still, lets hope it's soon that we see a deal from the BOD + The licence to drill.

I still think there is a reasonable chance that the 25 year development licence will also land in H2-19 post LNG PSA negotiations.

Good luck

Oh I misunderstood, I thought you were expecting something today for some reason. 2021 is production not drilling Caddy. In saying that I would be surprised if they get a drill in this year based on past performance of Helium-1 although they have a new Drill guy at the top now.

Seems the aminex bb is increasingly optomistic on licence news at least, although again I won't beleive it till I see it and we should hear on the REEF disposal soon and I hope a deal by the new BOD ( last month of first half starts next week)

Have a great weekend!

About time they took some of the risk, Imagine if their first hole is a duster and they waste millions of $$$ probably be the last they ever drill.

Seriously so there is no additional demand beyond 2019 and wens 130 max production even though wen have acknowledged the supply gap in their own presentation?

filter time.

Sorry should be carry really.

What nonsense.

Do you understand Free Carry? 6 more wells to drill according to the published development plan and looking at the published numbers all 6 + the pipeline could be covered by the free carry, so massive upside and little risk to aminex holders and if you believe the Phoenix article, 2 months to the next drill with an additional TCF target + the 3 quarters of a TCF appraisal.

WEN have no plans to drill and in fact confirmed they will not without a PSA extension, so WEN will something happen?

We have explained it enough times already, it's the potential upside, 2 wells drilled, free carry to production post licence and farmout and another 6 wells to drill V WEN or rather WEN is something going to happen.

Simple really.

? what promises would they be then caddy, what has been promised by the new Bod and not achieved specifically?

Steve, I always check the wires 07:00 and scan read a good few RNS's a positive red dot here would be most welcome, the next one might simply be a conclusion on the disposal of REEF however. As for Ntorya, it's already a large gas find after only 2 wells, 6 more to drill yet and the licence is the key to unlock it.

Best of luck!

Well steve, I would be very happy if either a deal or the licence comes in and extremely happy if both :)

Both have been a frustrating wait, none more so than the 763 BCF 2C sitting there doing nothing since the NT-2 drill results in 2017.

Thanks battle, so C-1 is expected to be drilled in the next 2 months? If thats the case the licence would need to be here in the next couple of weeks!

We shall see.

A complete 360 on their last "Duds and Duffers" titled write up on Aminex.

Note this is from the Irish private eye, you can read the full article on the AEX BB, according to them the C-1 drill is planned to be drilled in the next 2 months?

"It would take a lot to go wrong for these shares not to be worth significantly north of their current paltry one times p/e multiple rating. The 105m development programme is scheduled to get under way in the next few months (allowing for any hiccups caused by Bhattacherjee's sudden exit), including the third development well, the so-called Chikumbi -1 development well that is planned to be drilled in the next two months. It could not only prove up the existing Cretacreous gas field, but possibly also discover an additional potential 1 trillion cubic feet of gas in the lower Jurassic sandstone zone.
In these circumstances, Aminex's shares could only be described as grossly undervalued."

Lets see if they are right, I would be very surprised if they were to be honest, but happy to be surprised.

Sorry thank for posting Battle, Irish equivalent of Private eye I believe.

lol I was wondering when we would get the next Phoenix article, it was only yesterday that I was going to post the same.....surprise and the opposite stance to the last one.

Certainly the Ntorya discovery is at present, the only gas field in the Mtwara licence area and that is owned by the JV, SOLO and Aminex at present.