Member Info for cperkin

Opps I can smell something Bovine again-01 Nov 2022 16:57 no surprise....Got your Zub payment yet Mrc?

01 Nov 2022 16:57

Seems we have almost gone full circle back to the 3 well EPS although after all these years I am not so sure the "E" should be included ;0)

Another average up opportunity at least......

Talk about Bad news Good news. Very disappointed in the AEX BOD/ARA in terms of timely communication.

Yes great news production will be 12 months earlier, GSA sounds like it will be closed out early, good that we have conformation that the TPDC are building the pipeline and the workover start straight after CH1, but March FFS.

Regardless next week or not, Charles Santos, Executive Chairman of Aminex certainly needs to update shareholders, according to him the well is supposed to Spud within the next 31 days?

"Spudding of Chikumbi-1 remains on schedule for November 2022"
30 September 2022
RNS Number : 2535B

Glas everyone is on the ball here!

https://twitter.com/UnionJackOilplc/status/1585258232154836994

RNS Number : 2535B 30 September 2022

POST PERIOD END



· Ruvuma 3D seismic full acquisition of data expected to be completed by 8 October 2022, with processing and interpretation continuing into early 2023

· Spudding of Chikumbi-1 remains on schedule for November 2022

· KNDL 3D seismic acquisition programme expected to be completed before year end

With no previous experience of ARA as operator I have no clue what to expect other than to take them at their word.

Depends on what you mean by "paid out" Tanzania?

The total deal consideration for 75% was a poultry $56 million. In terms of real cash (post SCIR completion) Payment in cash will = $8 million of the $56 million.

Of course the Zubairs also poured in $10's of million in terms of the 28.x% of AEX they hold, along with the cash calls to date (including the 338 km² of 3D just completed)

The current cash answer depends on what ARA have spent so far on the field/basin post farmout + since Jan 2022 for the SCIR deal.

No, I think you will find that it is legally binding , yes it can't complete until Gov approval when the first poultry $3 million can be paid to SCIR

The deals done under the terms already agreed and signed with the initial loan payments already made to SCIR Aimster.

News due.

Not sure why people are mentioning the SCIR deal, it's already signed done and dusted bar the usual speedy Tanz formalities :0)

Short term traders, short term trade... Confirmation is needed on the spud date & in the meantime the created uncertainty provides an opportunity to possibly be leveraged for a few pips.

However, I guess there is good reason why the Zubairs have now grabbed 75% of the asset under imo, rather good terms.

TBC

Here's hoping that the deal completes and the first $3 Million lands for shareholders (- costs) & whilst the exchange rate is so favourable.

Confirmed spud date for those dual Geological targets please.

Happy week all.

Well done BD and Shareholders for pulling this together.

Agreed Alcopone, 2 very different projects in both scale and scope.

Uganda/ Tanz 2025 Oil flows according to the below, question is will they complete gas at the same time as the oil pipeline?

https://eacop.com/eacop-schedule/

Not so sure about large, but £11K it seems., someone has been consistently off loading it seems

Tick up due.

https://www.voanews.com/amp/tanzania-kenya-agree-to-fast-track-construction-of-gas-pipeline-project-/6783905.html

Thanks to Ufufuo

I see the below is still spouting Garbage, no surprise there.

RNS, using the ARA loan to repay the Prolific Loan...couldn't make it up could you. Still, it is probably better for the SP that way.

GL for the 13th folks.