Member Info for cperkin

Looking pretty cheap here for an oil producer. Might be worth taking a position ready for SWP drill upside?

all the best.

it's worth 3p with just the extension licence that we are all waiting for (base asset value + cash)

If it's guess the SP 2019 for fun , If non of the below happen then 1p but I will go for post licence, JV farmout, H-1 IPO & C-1 drill an absolute minimum of 5p, could be considerably more.

Add the 25 year development licence and 3D over Ruvuma + new CPR then 7p + in 2019 . Kn-1 production would add more to that.

He mumbles and if's with a plumb all the time so wouldn't read much into that, some training would be worthwhile, personal development plan, I hear it's all the rage?

Licence will come when it does, 1 year appraisal extension so not fiscally impactful although the terms to be agreed between the 4 parties & the # of wells might be.

I don't see the Omanis walking away from their current $40 million offer for 50% of the 763 BCF with a current sales value rate of $2.5 billion (100%) (note thats only with 2 out of 8 wells drilled over the 25 year development licence area thus far) + they own almost 30% of Aminex, who's to say they are not also interested in solo's 25%?

H-1 yes I am also dissapointed at the lack of speed, if we see the IPO Q-1 then that will do till they get the drills down the back end of the year, I would like to know more about the off take agreements they are currently negotiating as well.

Guess you mean KN-1? Taken far too long, currently lifting fluids and then they are supposed to perf a lower section...when?

Last of the old Directors gone, I dont expect he will sell down till he can make a profit (unless he is desperate) he has shares at 2.25p and if I were him would sell above and into a rise.

I quite agree with regards to PR, dont want them wasting a bucket of money on it though although a clearly articulated road map for investors would be a good start.

Licence, KN-1 - Helium-1 and who knows, a pleasant surprise would be nice for a change :)

Who knows Max, currently solo sit on about 4 times the cash position that Aminex have. All we do know is that they have had some "unsolicited interest" in their 25% recently.

I think it's just the TZ gov and the licence backlog as Crusty described from the EGM vote.

I am sure it is just a question of when steve for the licence, at least we have KN-1 perforation and Helium-1 IPO as well. Where is that Q-1 IPO?

Easy to do when they don't have them yet and then it's only $5 million, still less than solo's cash position.

Just making the point Crusty that I would never have imagined SOLO having more cash then AEX, if you had told me that would be true 12 months ago I would have laughed in your face, yet here we are.

Roll up Roll up for the licence Merry-go-round, 1.45p per ticket to ride and the longest ride for the money!

;0)

I said for finances only Crusty, AEX also have considerable other GIIP resources across their licence areas outside of Ruvuma.

Nothing wrong with buying in tranches, risk V reward.

Of course if it comes in whilst your considerable money is off the table you miss the considerable gains & if it does not you miss the fall, no matter how temporary.

In terms of what if, I expect the stop would be extended if necessary, I don't see the Zubairs turning down 50% of the gas with a sales value (so far 763 BCF) of $2.5 billion when they are getting it for $40 million.

The licence might not be delivered before the date or it could come anytime between now and the end of march.

Place your bets.

That for me would be a perfect portfolio balance EB

1.0 Exploration asset - Helium-1
2.0 Development asset - Ruvuma
3.0 Production asset (was KN-1 but small % and not producing) this is the gap

So a 3rd asset that is producing would be a perfect balance to the portfolio providing it is not in Tanzania!

Except solo have around 4 or 5 times more cash in the bank (approx. $9 million) Seems the" big brother" AEX is in fact the little brother right now when comparing finances.

Change of heading and forward looking ;)

will the licence be issued in time as per the condition precedent of the Farmout completion?

One things for sure, none of us have a clue :0)

(the "Farm-Out") to The Zubair Corporation LLC, the parties have mutually agreed to extend the longstop date of the transaction to 31 March 2019

Clocks counting down and the licence needs to be issued before completion with the stop date in 6 weeks!

GLA

Most - what do you base that on then Jones when there are only 16 trades and sales representing 0.16% of all the stock, how is 0.16% of all the stock, most?

Interested in your reasoning.

I think it's all they can say John, they don't know when the Gov will issue the licence because as Crusty feedback from the EGM, there is a backlog of licence applications all waiting to be released by the GOV & the issue is not Aminex specific.

KN-1 remediation and perforation + 3D leads are firmly in the hands of the BOD however.

SOLO have around $9 million cash in the bank right now so a reverse scenario would be more likely, not that I expect to see either. Shame aex could not have come to a loan arrangement with SOLO instead of a placing at such a low level.

Thanks for the reminder GL & don't forget the Farmout and cash :)

lol I would not draw that conclusion dunder, they are proven qualified experts in their field, you and the other "Experts" you refer to are self proclaimed as such and faceless individuals on a bb, so it's no surprise that people would take the BOD's opinion over yours really is It? and like I said we don't know the real cost and never will, so it's all academic postulation anyway.

lol caddy, yeh flying @ 1.6% up