Member Info for cperkin

$250,00 including perforation is the remediation cost gross according to the bod spec, so somewhat misleading there m8.

Maybe, maybe not crusty, it means they have crew on site with equipment to work downhole. I would say thats significant as is the fact this is only the first stage of remediation and that if they perf, this is more downhole work.

Allowed to get stuck..well it's a down hole valve not surface crusty, not sure the axe bod allowed anything. Still like I say a step forward is better than a step back do you not agree?

It is a positive development crust and the first stage if remediation. You can't paint it any other way. Let's see how it flows and if they go for the perf next.

Glad something is finally being done!

Crusy are you serious, have u painted your face green like the grinch :0). Gas was not flowing, now it is. That is positive. Is it commercial, will it require further remediation? Probably but as per most Alex rns we know nothing more than that.

Lol crusty come on old bean gas flowing is clearly positive news. They must also have the necessary kit for down hole work so the perforation is still a distinct possibility. Surely stage 1 is to monitor flow and recharge before progressing further?

Like I said good news but yes early days in terms of remediation.

Early days but gas to surface is good news.

Still reckon this will be one of the best performing O&G shares through 2019 and KN-1 production would certainly help.

Dropped the price here by over a penny when they reported no flows.

Aminex is pleased to announce that it has successfully carried out remediation work on the sub surface safety valve of its Kiliwani North-1 well and gathered associated pressure and fluid data. During this process, gas was observed at surface. The well is undergoing further testing and analysis.

Excellent news

"Aminex is pleased to announce that it has successfully carried out remediation work on the sub surface safety valve of its Kiliwani North-1 well and gathered associated pressure and fluid data. During this process, gas was observed at surface. The well is undergoing further testing and analysis."

Gas to surface is good news!

Probably going to be one of the better performing O&G stocks in 2019 with the Farmout vote on the 4th Jan, KN-1 remediation, the C-1 drill and 3D seismic, possibly another well back end of 2019 and of course preparation of the EPS and potential workovers on NT1 & 2

He would have done well to have left it out in 2018 though!!! glad to see the back end of this year as a shareholder - shocking!

Pending farm out completion of course and the shareholders vote on the 4th Jan and the issue of the Mtwara extension licence since that is a condition precedent

"the Mtwara Licence being granted in a form satisfactory to both Ndovu and the Farmee;"

Haha aston C-1 spud date = Q2 and Kiliwani remediation is under way according to the circular published on Friday.

http://admin.aminex-plc.com/uploadfiles/181207_%20EGM%20Circular%20(web%20version).pdf

lol have not posted a strong buy for 6 months here NG since I recognise some are risk adverse. I will post JV vote on the 4th Jan and licence extension. But I am sure you will still be going on about NR even though he left 6 months before :0)

Well we will se come Jan 4th wont we NG, let me screen shot your post and re-post for you after the JV farmout vote :)

The Ruvuma asset is worth a minimum of $20 million prior to a licence, it is not reflected here in the SP, but that is the open market value as that is the price being offered.

"has no value apart from the fact it has money in the bank"

Money in the bank is a great thing NG, especially on AIM and Ruvuma as one of the assets is certainly proven to be worth at least an additional 50% on top of the current market cap. NR is no longer running the company and the JV partner votes on the farmout 4th Jan - the start point for relasing some of the true value here imo.

Fair point trade, The Aim index is down 8% since October and 20% since July.

Evening dunder, john stated

"how long after that farmout completion before anything else is actually commenced completed and brought to production/profit."

I stated - "that (w)ill be down to the operator the Zubairs with regards to Ruvuma."

@John, that ill be down to the operator the Zubairs with regards to Ruvuma.

shareholder vote on the farmout on the 4th of Jan and the issuing of an extension licence (before or after)

You might want to take a look at the below email.

http://admin.aminex-plc.com/uploadfiles/181207_%20EGM%20Circular%20(web%20version).pdf