Member Info for cperkin

First targets R1/R2 will be hit by the drill bit if not already, followed up with the Q&A interview.

GLA

That was a terrible deal and the placing shares dragged on for months and months, Epsilon then went on to do the same thing at MYN and another share, buy, flip profit as per their model.

Much happier with this type of placing and open offer, well as far as you can be with any dilution, 5% is a small discount, but there again at least there are no broker fees and MM spread.

Indeed it is willow, the madness of aim. Somewhere between basic asset value and upside sentiment maybe lies the balance?

£108 million is a significant market cap. UKOG have 36.985% of Horse Hill, solo own 9.75% of the same asset and a market cap of £13 million.

C-1 drill reporting in Oil news Kenya - thanks to Drewky

http://www.oilnewskenya.com/tanzania-chikumbi-1-well-drilling-nears-rig-bids-tendering-complete/

The below from Leafless on the Aminex board and very significant for the Ruvuma development.

The cross border gas pipeline is GO!!!

“Tanzania and Uganda have signed an agreement for the construction a natural gas pipeline”.

“This will be the first trans-border gas pipeline in East Africa since the extraction of natural gas commenced in 2004 at the Songosongo Island in Tanzania's southern region of Lindi”.

“TPDC managing director Kapuulya Musomba” said “About 10 to 15 Tanzania regions will benefit from the pipeline that will also serve as a catalyst for oil and gas exploration”

Ain’t nobody else that will have the production capacity to meet this additional demand. I believe that they wouldn’t sign such an agreement unless they were confident that Ruvuma has the gas they need, otherwise the pipeline would be a white elephant for many years until offshore gas can be accessed.

A new international gas pipeline! Will also feed gas to 10 to 15 regions in Tanzania! A MASSIVE DEAL FOR AMINEX

Here’s a link to the article: https://allafrica.com/stories/201808260144.html

Hi ross -"good chance of a post-Offer re-rating " I quite agree, there is a significant gap between the proven current open market value of the assets and the current market cap regardless of any upside beyond.

GLA

:) have a lovely day, shame it's typical UK Bank Holiday weather!

pmsl

# any bias, excuse my typo.

Well lets examine what I said

"An interlude from the insults"

"At least the TPDC are getting on with it."

https://twitter.com/TPDCTZ/status/1033684115202170881

Aimed at no individual, a general comment on what I observe on this board. "Play the ball not the man."
You are free to interprete it with an bias that belongs to you.

My crowd? what ever do you mean dunder, my post was aimed at all insulters "play the ball not the man"

At least the TPDC are getting on with it.

https://twitter.com/TPDCTZ/status/1033684115202170881

Hope so Willow, the current market value for solo's 9.75% of Horse Hill, based on the UKOG deal just done = £4.1 Million or around 31% of the current market cap, Portland commerciality can only add value.

"Maybe change is on the cards"

Seems the very large buyers agree.

15.08 5,500,000 2.27 124.85K
16.08 1,500,000 2.27 34.05K
17.08 1,358,824 2.274 30.9K
17.08 841,176 2.274 19.13K
23.08 750,000 2.2945 17.21K
24.08 2,100,000 2.259 47.44K
24.08 700,000 2.291 16.04K

Certainly been some very large buys all above the placing price

15.08 5,500,000 2.27 124.85K
16.08 1,500,000 2.27 34.05K
17.08 1,358,824 2.274 30.9K
17.08 841,176 2.274 19.13K
23.08 750,000 2.2945 17.21K
24.08 2,100,000 2.259 47.44K
24.08 700,000 2.291 16.04K

Yes thats why PI's here are so overjoyed, regards upside. $10 to $12 Million is a minimum and quickly followed by $35 million annual earnings according to the demand curve.

10p, you will have to tweet/email Malcy?

Thats the whole point, the Zubairs have it all locked up and are running the show bucks. Why would a new II want to get involved, 29.9% of the company owned by the Zubairs and 50% of the main asset with near term production also owned by them or soon will be.

Have any II's sold or the Zubairs? No so how can you suggest they are unhappy?

You said,

"Malcy contends that RI are unhappy and II are happy with the latest deal. It seems the opposite"

42% of the shares are locked up and only 58% in free float and PI hands so I don't see how your conclusion is correct.

But yes the Zubairs in addition to that 29.9% are about to own 50% of the main asset, seems they have it all locked up nicely baring of course a reverse takeover. I am not by the way suggesting that will happen.

Maybe you don't think 42% is very significant?