Member Info for cperkin

rdajee, what you actualy said was

"Only way to make money in Aminex"

By when it hits 1.8 to 1.9 and hold till November or any sign of possible news, then sell it.

It’s pretty simple, can’t see how you can’t make money

Yep, they sure cooked their goose with that lowball Farmout deal Crusty.

They have 35 +5 Million pending vote and so the rest of the assets, including the 25% of Ruvuma are worth almost nothing?

hehe, steve no apologising required, it is as per usual for the Aminex holders, a very long wait! Once done then maybe the new operator in the Zubairs will get it moving, although if they move too fast it could be painful for solo!

lol Hardy, if the 3rd target comes in I willl be on a Fizzy Liquid diet for some time ;)

dunder chill out thats not what he said. He said it is worth multiples of the current asset and sales value on the open market as in a "potential price" everyone knows that what you pay is what you pay.

Good luck in court by the way.

For the record, I have no issue with your list Drewky, in fact I believe most people have had their say and you have made the necessary edits.

Roll on the EGM and the new operator "Accelerating development"

Hi steve, from the Aminex RNS

"The Farm-Out Agreement is expected to be completed prior to 30 November 2018."

So the expectation is around September/October for the EGM

R1/R2 a little spread with a 90% COS - Target 750 bopd

Mengo, some cheese and salad @ 70% COS - Target 500 bopd per well

Djeno, Bacon time @ 25% COS - lets hope it's not just scratchings ;) - Target 5300 bopd per well

Could be very yummy!

Beyond discovering a few TCF of gas (the reason why anyone posts here) with a few drills dunder not a lot, still they have always been a little & skint E&P company who happened to make a large onshore discovery and somehow manged to survive the collapse in the industry.

Still if the new operaator brings Ruvuma to production as planned, it should make a nice rise from the ashes story ;)

Oh and you do know the CEO is not Neil Ritson Sub?

Quite right Sub, we only know what we are told and what is released in an RNS, everything beyond that is an opinion, but thats exactly what the BB is about discussing opinions based on those RNS's and interviews as to what might happen next.

What I do know is that the current market value, as in the current sale value of two of the assets is around double the current market cap.

sorry steve I did not see your reply before I posted mine :(

Hi Phillo, this might help

RNS Number : 5165U
"The Board reiterates its existing policy on the distribution of cash or shares from the future monetisation of significant core investments, including the Ruvuma PSA, HHDL or Helium One Limited. The Board's policy is to distribute to shareholders the majority of the proceeds of any sale or farm-out, in cash or in specie"

COS from the Podcast.

R1/R2 90% +

Mengo 70%

Djeno 25%

About 15:52 mins in.

https://goo.gl/zFfhWS

Tough call Stocktaker, according to the UKOG RNS today they believe they will be in production next year with Horse Hill

"now effectively steer the project directly towards planned permanent production and potentially significant cash flow in 2019."

So Horse hill in production 2019 and Ruvuma by 2020

Steady as she go's as we wait for the first flows :)

GL

Yes very strange, it showed +9% as a result of £142 UT trade @2.4p

Strange - SP = 2.4p, ASK = 2.4p Bid still 2.1p

Yeh right!