Member Info for cperkin

Well played AA, indeed it would be most welcome :)

Seriously had my P up the wall post removed, pathetic.

Mick As pointed out earlier with regards to resources only 2 out of 8 well shave been drilled so far and I fully expect (in fact I have my money on it) that Aminex resources will be much greater than wen's.

anyway it's all P up the wall, the next company to get a licence to drill is likely to be the one to develop the gas required to fill domestic demand till the Majors get their deep water wells on line in the next 7 to 10 years. I fully expect that will be aminex or rather the Omani Zubair corp who have other business in Tanzania along with a "special relationship" & speak the same language will win over a western company like wen.

Watch this space :)

Thanks Stonefold, the kibo release is quite interesting.

"The existing acute undersupply of power within Tanzania and the Southern Africa region, means that there is an urgent demand for electricity and given that Tanzania has a target to deliver approximately 880MW for the export market for the period 2020-2040"

Export market and not the domestic market.

"The existing acute undersupply of power within Tanzania and the Southern Africa region, means that there is an urgent demand for electricity and given that Tanzania has a target to deliver approximately 880MW for the export market for the period 2020-2040"

From Kibo release today

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=KIBO&ArticleCode=q87a68yd&ArticleHeadline=Update_on_MCPP

"If all goes well in Ntorya, so the wells are successfully drilled, the pipeline is constructed and the GSA is agreed, then Aminex will hold a smaller stake in a smaller field then Wentworth,"

Really Mick you know the results of the next 6 Aminex drills for FFD already, amazing! As for the market cap, wen produced a loss of $77 million for last year, it's hardly surprising the market is not on fire about it and other than some workovers, compresion etc, they have no drills planned.

Thats why people buy Aminex over wen. Nothing mysterious or unfair about it, once that licence is issued then for wen other than squeezing what they can from what they already have drilled, it will be game over. Enough supply from Aminex till the Majors get the huge deep-water wells producing for domestic and export.

I would be worried as a wen holder too, but bleating about the competion on a BB won't help much.

Best of luck!

Greetings AA, yes a little but no volume to speak off either way.

Should see AEX EOY report tomorrow?

I am assuming Crusty that wen holders are getting very nervous. When (if) depending on your viewpoint the Extension licence is issued then the Farmout will complete which effectively sanctions the Zubairs to take over the development and operations for the field development. I guess as a wen holder this would tell you where the Gov are looking for the next 10 to 20 years of local gas supply to come from.

Very important for Aminex and a very nervous proposition for any wen holder!

"will cost TPDC about US$ 30 mln I understand."

Why are you assuming the TPDC will pay, do you have any evidence that this is the case or just as I suspect an opinion?

The JV have budgeted to pay as required and the Carry covers the cost yes IF the Gov back in then they will have to pay their contribution @ the relevant %

Again slide 12

http://admin.aminex-plc.com/uploadfiles/EGM%20Presentation%20Jan%202019_Final_long%20v1.pdf

Mick note this is for FFD with 8 Wells and 140 mmscfd production. The % will be paid back quickly from production revenues if they do take a %

I also suggest you consider the larger picture here and what the Zubair corp bring to the table in Tanzania beyong gas. I fully expect the Gov to support them above and beyong some Western $77 million loss makeing expensive off shore outfit like wen.

I agree in the main Drewky but not with KN-1 that JB said would be in production by Christmas, almost 5 months later and we have no confirmed progress/date for the lower perforation beyond some fluid lifting.

I think Crusty nailed that one, they are skint and can't risk the money on a probable COS @ KN-1? They need the extension licence and first instalment of $$$

Can't see any other reason for not sufficiently advancing with their communicated remediation plan all those many months ago and last year.

Minus the drilling of course!

It's called Trolling for either financial or emotional gain.

As I always maintain anyone desperate to repeatedly pump their stock on other BB's is probably trapped in said dead end stock, sometime for years due to some emotional and financial attachment to their investment, poor place to be psychologically speaking so hope it gets better for them next year, at least they should exit 19 debt free and with cash if nothing else

Back to Aminex.

EOY report next week, should be a short read and mainly a copy paste of the last one.

If I had more available or a it comes available it would certainly go here at this price, still almost 50% discount to confirmed asset value.

Have a lovely weekend!

Multi ID alert again @ Admin, more re-sleeves than a Savile Row Tailor.

Haha your right power, they have certainly made a few visits to Tanzania and organised for a subsurface valve to be fixed, and started draining some liquids @ KN-1and then there is the AGM's and EGM's

Not sure about the remaining 38 weeks of the year though

Think that might be stretching it a bit Maccaroo I hope of course that will be the case on licence delivery and or delivery of one of these deals the BOD are working on.

GL

Afternoon AA, yes hard to work out what the 33K were all about. Still picked up a few more for myself on the drop. Aminex due to release their EOY results next week, not expecting anything exciting, but you never know.

GL

Can't put spin on nothing done P0wer!

raid today - WEN Net loss of $75.2 million

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WEN&ArticleCode=6epsogj5&ArticleHeadline=Wentworth_Resources_Plc_Final_Results_for_the_year_ended_31_December_2018

Hi steve, sorry I was referring to solo and their £5 million, my mistake, you were referring to Aminex needing the money? Yes they get the first part on signature and the rest within xxx days.

My mistake, sorry about that!