Member Info for cperkin

Aminex Jan FAQ

"Are additional approvals needed for remedial work on Kiliwani?
Aminex is currently funded and does not need further approval for the ONGOING remedial work over Kiliwani (which INCLUDES well maintenance, FLUID LIFTING and PERFORATION) and it remains in the best interest of all parties to produce gas as quickly as possible."

So you don't think they are doing anything then, just turned the well valve on and then trurned if off again Crusty?

KN-1 last we were told this month was that the perforation was progressing & they were draining fluids, so we should expect some kind of update on current operations you would have thought?

Compartmentalised as opposed to depleted is the language, hence the current perforation of a deeper part of the well, till it's perforated we don't know.

Lest hope they both do caddy, would rather 1 primary asset at least was not in Tanzania though, 3 would be a good number.

1.0 Exploration - Helium-1
1.0 Development - Ruvuma
1.0 Production - currently KN-1 but not producing and even on full production not enough, Ntorya would fit the bill though and fund the other two.

Would seem a reasonable business model.

Quite right GL, everything beyond that is speculation.

Did the Bod hang on ref the circular and vote because they expected a licence to be issued before asking their shareholders to vote on a Farmout over a licence area that had no active licence? I would hope so, it was quite insulting imo.

Maybe

" you glass half full optimists"

The glass is indeed half full, discovered and appraised half full. I quite agree the Gov will issue the licence when they are good and ready and you me, BG Aminex and SOLO etc have no idea if that will be Monday, a week Tuesday or 3 months Wednesday etc.

We are all clueless, so if that was your point then I agree.

Not my experiance or perception of the new directors Caddy and certainly if I felt that way about them I would sell up and cut my loses, regardless of the size. On the other hand there are discovered and appraised 2C resources, a major advantage over all of those aim companies still looking for the prize, it has already been found here.

Just need that licence to kick things off.

Not sure the order is in date order anyway, maybe "influence" order.

The Tanzanian Gov I am sure are well versed by now of playing one operator against another. Regardless the language from all the operators is encouraging;

Compression

Inlet pressure reduction

Refrigeration

All methods to eek out a little more production.....the desperate end of demand V supply.

and you need bucket loads of "Tanzanian" patience.

hakuna matata - eventually....

The new directors are focusing the limited resources towards the biggest potential returns, that seems like a much better direction than the machine gun splatter approach of Ritson imo. Additonaly they have sunk £millions of their own money into the stock and they all have significant O&G experiance.

2019 will be very telling

Focus..

My understanding from the solo shareholders meeting was that they met the minister the week of the 19th November and expected signature then, hence the "expected date" for the circular.

I am sure they meet quite regularly and any meeting may or may not result in the licence being issued, one thing we all seem to agree on is that it highly likely to be issued, when is always speculation.

On the one hand the Orca "temp deal" is good news in terms of growing demand,on the other it is a clear indication that the gov are sending the message that "we have options" Well at least for now.

Licence please....

If you are in good luck for potential news Monday, if you are out, then you may well have missed the boat.

GL

Shake? I thought there had been one every day this week, followed by a fat late buy reported @ end of close.

If they are in the Horizon then they will have cuttings and logs, wireline post TD for a material definition and RNS I suppose?

They could at least come up with something original on Twitter, that one was played all through the last Horizon where they found oil.... No class & Lazy!

What goes around comes around...about time that licence came around!

lol Bucks, worst one I have ever seen looking at the 3 month chart, about 0.1 out of 10, no doubt the dump will just be just as impressive.

Licence
KN-1

V19

The after close show again, cue the "Pink Panther" Music -da-dum-da-dum...

Good point steve, in fact I am wrong, it's 3 wells, 2 tested and 1 production...we are due news on that one as well, last Aminex said was

14th Jan FAQ

"Aminex is currently funded and does not need further approval for the ongoing remedial work over Kiliwani (which includes well maintenance, fluid lifting and perforation) and it remains in the best interest of all parties to produce gas as quickly as possible."

and from the RNS

"perforation of lower zone progressing "

And that licence

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

The sooner we hear on both the better!

Licence would be even better than all these 500,000 and 1 million buys!

Licence please!!

Soon as jber move over a tick up is on the cards...

lol joe, we have already flowed gas in Tanzania from 2 wells at huge flow rates of around 3500 boepd per well, happy to collect my winning now on that bet then ;0)