Member Info for cperkin

https://www.malcysblog.com/2019/02/the-bucket-list-update/

Malcy Said:-
Aminex has suffered from lengthy delays in Tanzania and I could be excused for ditching it but I sense that the tide has turned and that process will be helped by the new Chairman.

I know the feeling!

Thanks to fjones40

Could be an understatement on several levels.. Cheers Mr J!

Bucket list?

https://www.malcysblog.com/2019/02/the-bucket-list-update/

"To support production, the government plans power generation of 5,000 megawatts next year and to double it over half a decade."

https://www.bloomberg.com/news/articles/2019-02-26/tanzania-plans-to-more-than-double-sugar-output-by-2022

Better pull their finger out over the icence if they want the power?

Nothing Much can be done about the Gov and licence, it comes when it comes.

Helium-1 Dan Mailing was the solo board member, now he has gone will it be Alastair Ferguson or maybe Douglas Rycroft, & surely they can do a better job influencing than Dan M did?

KN-1 Remediation, Douglas Rycroft on secondment from Gneiss Energy has drilled more wells in Tanzania than Aminex have if anyone can input into remediation and perforation it is him.

Back to sleep....

Not anything to say that not has already been said I guess steve.

Waiting on the Gov to issue the licence
Waiting on Aminex to deliver on KN-1 remediation
Waiting on Helium-1 to do something.

The first is probably the most important as it represents the latgest asset by a long way in both maturity and value.

All you can go on is as per the Operator updates.

"The Company has been assured by relevant government authorities that the extension is forthcoming and will update the markets once formalised. "

The Zubairs are in the perfect position with options if the licence is issued or if it is not.

1.0 Extend the longstop
2.0 Walk away
3.0 Buy another couple of % of stock and force a reverse takeover.

Lets hope that licence is indeed forthcoming soon, if nothing else then at least to relieve the boredom.

Thanks smudger and good to see two licences awarded in Tanzania...at last!

Are things about to finally start moving for all the companies waiting on licences?

David S sure is a busy man..

https://www.shardcapitalstockbrokers.com/2019/02/25/widecells-group-plc-directorate-change/

Currently director of

LRE Capital Ltd
Anglo African Oil & Gas Plc
Arch Capital Partners LLP
Sefton Management Limited
Linton Capital LLP
Anglo Congolese Enterprises Limited
Nuuco Media Limited

And now Widecells as welll

I guess you mean IMO there then Christoff, unless you have something tangible that backs up your nostrils?

The RNS now says late 19 and not Q-1 as they suggested at the meeting in October, but I am sure you read the RNS?

Hi Razer, a bit before my time but Burj is worth nothing as far as I can tell and a dormant investment. (marginal fields only work in very high oil process and they have been waiting for a licence round from the Gov since 2016)

Helium-1 said back in October they would IPO Q-1 2019. Don't see it myself, since they would have to have already started the preparation and no sign of it. In fact I wonder if they will at all based on the operational update below or at least maybe wait till drilling is complete and Brexit is out the way (they said they would IPO in the UK, don't see much demand whilst article 50 is probably about to be kicked down the road a little further)

"The management and Board of Helium One are exploring options to fund the programme on a drill-for-equity basis thereby minimising requirements of existing shareholders to fund the initial drilling"

Malcy, no very little experiance around Oil & Gas assets, made some howlers I accept (PANR) but based on resources discovered and appraised , I don't think this is one of them even despite the elongated timescales, the geology and assets are at least sound.

Now where did I put my shades?

+1 steve the last paragraph, absolutely sums it up. The main asset valued at almost $0 despite the $80 million offer equivalent for 100%

Still it will be worth more post farmout by Aminex and probably significantly more post C-1 drill, based on the appraisal portion of the drill and not considering the very low Geological COS exploration target.

We wait...

Good luck gaf11.

I share your frustration with the speed, yet the opposite is the strategy steve, the new Bod have sold all the old assets that had limited potential, at least those they could get for a few £million for such as Horse Hill (Alastair Ferguson after all was BP operations manger at Wytch farm and has a little experiance of the largest onshore UK oil production and thus the potential of HH) Unfortunately nothing for Canada and Nigeria thus far. Clearly the focus is on the main asset,currently valued @ $80 million for 100% on the open market on delivery of the licence - yawn, eventually!

Shame solo only have 25%

Most of the post looks about right, Malcy estimated $9 million cash after his interview with the BOD. We can't be sure on the current costs, they have saved £240,000 per year with Dan mailing leaving the other week but have 2 on secondment from Gneiss Energy but can't be far out.

Kn-1 fluid lifting was the last reported status, still waiting for progress on Perforation of the lower section.

Other than that most of the numbers look about right although again with Dan M leaving the total directors shareholding is now 7.6%

Hi Shirley, I see you mean over at VAL. Yes a list of items including dilution was given to the Bod ahead of the first meeting along with the number of shares backing the meeting.

Good luck over at VAL and I hope it works out.

Oh well, some ones confident at least 314 shares @ 1.4p for £4.40 :)

Hi Shirley, It was BD that did all the organisation, I just did some of the cross forums spread and turned up to help with the questions at the meeting. Not sure what it is you are looking to do? but basically we set up a gmail email and posted it on the boards so that people could declare their support and holdings via mail and replicated it on some of the other forums, such as advfn etc.

We then contacted the Bod to arrange a meeting with X% of shares. I believe you need 5%

Big D - anything to add?

You in on this one Aston VT or waiting for the drill?

At this stage I don't give two hoots about the website, just deliver something tangible perhaps?