Member Info for cperkin

@GG3 a list of UK accounts here

https://www.money.co.uk/share-dealing.htm

14 days notice required steve so Aminex have till around this time next week IF (capitals) they are to meet their end November deadline.

Currently shows consolidation around the 30 day MA and the RSI moving up to 50 both positive and bullish markers for a possible breakout no less. :)

Looking forward to the news due next week....or not ;)

Nasty, downtime always has financial consequences, however if the rig does not meet the spec requirements then the rig operator should need to pay.

Hope hey can get the spare parts delivered quickly and get the show back on the road, depends what they are and how far away I guess?

GL those holding!

Yes a pain waiting dunder, might be next week might not but there again till a licence extension is issued by the Gov there is not much the Bod can do regards to the circular is there, lets hope the CEO's current trip in africa is fruitful.

Still best of luck to you and all other holders, big or small :)

lol dunder a bit of a personal dig at anyone that has a different opinion to what is, imo your somewhat biased view point.

Yes I stand by what I posted 100%

"I don't find his presenting style too bad (very American) and in fact he is much better than many 50 mill market cap company presenters that I have seen."

http://www.lse.co.uk/media/exclusive-aminex-ceo-says-institutions-are-delighted-with-zubair-farm-out-terms.html

With the pending farmout near completion both companies will be 25% holders each in the JV and PSA over the 5TCF GIIP and 763 BCF 2C in Ruvuma. Both have very little of that 5TCF & 763 BCF 2C value accounted for in their current market cap, but then they are both waiting for the extension licence over the area.

The Licence extension and Aminex farmout circular are both due next week, it is possible they will be delayed as the first is down to the Tanz Gov issuing and neither party has control of Gov timeframes and the 2nd is dependent on the first.

I am not concerned that they will be issued but am concerned about the knock on to the C-1 drilling timetable. The longer the licence extension the further the C-1 drill get puts back and the rainy season starts end March, so if they are to drill Q-1 then they need to get a move on.

Thanks steve and I can't disagree with the glacial pace especially over the last 18 months and the "back to back drill" that we are still waiting for.
If Aminex hit their communicated timescales ( I know they don't have a great track record and so it is understandable that people are cautious) then Q-4 sees the beginning of that Ruvuma monetisation process and if the bod want to sell all or part then post a good C-1 drill result 2019 would be the best time.

Fingers crossed!

Sorry BDS-1 but thats clearly not true, all the placing shares got sucked up in a reasonable time, clearly there are plenty of new investors who believe and recognise the asset value has significant upside compared to the market cap even if they don't post here.

I agree there are a hardcore of long term holders (about 5 that post) trapped but then I see very much the same across most aim shares, unfortunately it's all to common.

The assets in Ruvuma are discovered and already drilled, real 2C assets and when the licence extension is issued as expected and the aex farmout completed end november-ish as expected then the C-1 drill can proceed as can the 3D seismic and the development plan to production.

As for spikes, I don't understand why you did not jump out on the last 0.85p spike or 18.5p as it woud be now? still hope you get your oportunity this time round.

I disagree actualy, I don't find his presenting style too bad (very American) and in fact he is much better than many 50 mill market cap company presenters that I have seen.

Regardless the only thing that maters is that they now deliver on the licence extension, circular and farmout this month - give or take a week or so and KN-1 remediation before Christmas.

That will do for a start.

Probably mouse, should go someway to cover their legal bill lol ;)

So the CEO of Aminex is presenting in South Africa on Thursday this week and next week is the Tanzania O&G expo, a good time to be rubbing shoulders with the right people and have the extension licence signed off?

http://www.africa-oilweek.com/conference/programme-and-speakers

https://www.expogr.com/tanzania/oilgas/

Would fit with the circular and farmout timescales nicely and the SOLO investor evening.

Certainly a good time to rub shoulders with the right people and get things signed.

No idea JD, he is presenting at the Africa oil week in South Africa this week and next week is the Tanzania O&G Expo

https://www.expogr.com/tanzania/oilgas/

Would make sense to stick around for both?

Just waiting for the news myself Caddy, time to sit quietly and patiently, it is due next week after all and the licence extension and farmout unlocks the main asset ready for the C-1 drill date.

25% of 5 TCF = 208 mmboe to solo

25% OF 763 bcf 2C = 35 mmboe to solo

C-1 targeting an additonal 900 BCF giip or 150 mmboe with 37.5 mmboe to solo

And all for £13 million at todays price. There are people betting massive amounts on wildcat drills with 20% chance of sucess that have much bigger market caps - matd for example. The resources here are already discovered!

Wakey Wakey Mr market! lol

Enjoy Crusty! We will keep a seat at the front ready for your return ;)

Looks like the SP could do with some laxative for that tight hole or maybe something Oily ;)

They should be around the 2nd Horizon now the Mengo

#thin pickings

Looks like the same trading pattern of recent days, down in the morning and tight spread, then up in the afternoon and a larger spread, think pickings for anyone except the mm's.

Material news required to budge it.