Member Info for cperkin

If the Licence extension and the Circular are not issued this week, then it just means that Aminex were wrong in their "expectations"

From Africa with love

Yes Crusty, I copied and posted it from the web site this morning.

Morning Mr Bean :)

Are we there yet?

Tanzania O&G Expo starts tomorrow..
https://www.expogr.com/tanzania/oilgas/market_news.php

When is the EGM for the farm out deal?
The Company is actively working on the Circular, which will include an updated CPR. Aminex expects that the EGM will be held prior to the end of November.

Might stop at the next services for some refreshments :)

What a ridiculous comparison, the traders are not paying the farmers the agreed rate so the Gov sis threatening to step in to ensure the Farmers get paid and quite right.

"The Company’s Intangible Non-Current Assets which mainly comprise of Acquisition and Development Expenditure at the Ruvuma project in Tanzania represents a significant asset on its statement of financial position totalling £13,816,000 as at 31 December 2017"

The current joke of a market cap just about covers what has been spent to date and ignores the 25% of the Discovery and Appraisal of the 5TCF GIIP & 763 BCF 2C.

Worth keeping an eye open Mousey, volume picked up significantly and material news is due :)

Hi O&W I have not seen The PSA but do understand that it contains the below important term. Note this has nothing to do as such with the terms of production as this will be negotiated under a GSA (Gas Sales Agreement)

"Under the terms of the Ruvuma PSA, after the grant of a development plan, the TPDC may elect to contribute 15% of development costs in order to obtain a participating interest of 15% in production and revenues".

So in essence the TPDC can take up to 15% of the PSA and the revenues once in production, provided they contribute the same % of the development costs. Note under other previous PSA for gas production they have not elected to do so.

All the best.

Excellent find

"Shell chief says Dar has best PSA for natural gas monetization"

"The country’s production sharing agreements signed with multinational oil companies which are exploring for natural gas are some of the best in the world hence no need for alarm over sharing of proceeds."

https://www.ippmedia.com/en/business/shell-chief-says-dar-has-best-psa-natural-gas-monetization

Excellent find reaction

"Shell chief says Dar has best PSA for natural gas monetization"

"The country’s production sharing agreements signed with multinational oil companies which are exploring for natural gas are some of the best in the world hence no need for alarm over sharing of proceeds."

https://www.ippmedia.com/en/business/shell-chief-says-dar-has-best-psa-natural-gas-monetization

lol sorry they were delayed cancelled trades from 09:00 this morning, what kind of shenanigans is that?

Wake up MM's above full ask paid, tick up please

Solo Oil
Solo has announced the disposal of its interest in Horse Hill developments for £4.5m in cash and buying a 4.2% interest in UKOG. This deal, whilst maintaining the potential upside in the project gives Solo considerably more scope and books them a significant profit at a time of corporate restructuring, a canny deal if ever I saw one.
Solo are now looking a very interesting vehicle, l reckon that they have around £9m of cash or near term equivalents and are fully funded for Ruvuma which gives them ultimate flexibility as they restructure the portfolio. On this basis the shares look a pretty interesting bet with little downside.

https://www.malcysblog.com/2018/08/trinity-solo-hunting-reabold/

Malcy reckons about £9 million, but I reckon closer to £7.5 million. G&A around £0.5 million PA currently.

Yes and interesting that with the £95,000 buy here our JV @ solo had a £63,000 buy.

£95,000 is some "bet"

Hi OG, Ministerial sign of for the modification and extension, it approved by the O&G and Environmental departments.

"Extension over the Mtawa Licence area supported by the TPDC and PURA, waiting for approval by ministry"

The aex CEO is in Africa this week and I believe next.

A licence extension over the main asset, which kicks off the JV farmout between AEX and the Omani Zubair corp, which then allows a spud date for the next well.

Placing flipper? Still, rather have them out before the news.

Yesterday = largest volume sine August
SP crossed above the 30 day MA
RSI positive above 50