Member Info for cperkin

Https://www.whizztanzania.com/sites/default/files/attachments/17.10.24.ARA_PETROLEUM_TANZANIA_LTD..pdf

Pretty simple equation right now,

Either the deal closes out on or before the 31st of this month

There is a long stop extension

The deal is called of and HE1 sit on the remaining $7 million in cash for Rukwa.

Sharebel, you just can't be taken seriously, you were ramping the pants off VAST days before and right up to and after the placing and you completed failed to warn shareholders there, despite your access to supposed mystical dilution signals.

Suggest you get back to your own heavily diluted investment buddy and maybe take more care of your own business.

This approval satisfies a key condition precedent to the farm in agreement

Long stop date is the 31st of October... 14 days away!

HE construction industry received a major boost on Tuesday as the government signed an agreement with the Amsons Group to invest 320 million US dollar (approximately 872bn/-) for the expansion of the Mbeya Cement plant and the construction of a new cement plant in Tanga.

https://x.com/dailynewstz/status/1846438371591401705

The Acquisition is conditional on a number of conditions being satisfied or waived (if capable of waiver) on or before 31 October 2024 2 weeks Thursday if not before and assuming no long stop extension

Seems someone got the title wrong here, they mean short close...

The Mangrove Partners Master Fund, Ltd. 0.00% 1 Oct 2024

Interesting as both companies claim to be drilling early 2025, begs the question how long do we think the CH1 drill will take? I think NT2 was around 5 weeks from spud to total depth?

This about is correct

https://www.tanzaniainvest.com/energy/mnazi-bay-drilling-discussions-ongoing

Precision Drilling Rig 704 has commenced mobilisation to site at Clink #1 on the Ingomar Dome where re-entry work is expected to begin shortly.

Once mobilisation and rig-up is completed it is expected to take approximately 7 - 10 days to case over the problematic Mowry shale and run a wiper trip to total depth. Following a successful re-entry, the Company will evaluate the option to deepen the well and explore for helium and hydrogen in the lower-Cambrian and fractured pre-Cambrian basement, or to move directly on to wireline and flow-testing of helium and hydrogen gas-shows already identified in the Amsden, Charles, and Flathead formations.

Helix will keep the market informed as work progresses.

Not really, just sitting in a range whilst waiting on the news to get this moving, that being pipeline, well test on NT2, workover on NT-1 and the one everyone is waiting for, the CH1 drill.

All of these will happen, and as I posted back in May after the development licence was issued and despite StockCheques cry of no way and deriding me for my 6 to 12 months forecast, it looks a lot more realistic than theirs.

It will all happen quite quickly once the starting gun has been fired....meanwhile we wait, the guns loaded.

Indeed Crusty, unfortunately a bunch of dim wits here and on HEX have taken it upon themselves to spend their life hours on posting negative dribble on each others boards in some juvenile tit for tat

I am invested both here and in HEX and find it all quite frankly cringeworthy.

GL to both shares and grow up.

There is a deluge of complete nonsense on this board, seemingly from a bunch of people who are not invested. I have been involved as an investor in several drills where a casing has had to be introduced due to instability in a well bore. The jury is out till the casing is run. Either way they are fully funded for this drill and the next so in a good position and the cost of drilling in the US is many multiples less $ than certain other countries.

If they case successfully then they will flow test, if they don't then they move on to the next fully funded drill with an option to come back at a later date.

News next week, maybe Monday.

GLA

If the casing job is successful then we will get the flow test results and then onto the second fully funded drill.

GLA

Maybe you two should go down to the old Blarney on Tottenham Court Rd, have a night out and get a room together.

Be better for everyone.

Significant progress on the Ntorya project, Tanzania’s largest gas development, has been made so far this year,

https://x.com/AminexPLC/status/1841441746913476936

https://x.com/AminexPLC/status/1841441750684180572

https://x.com/AminexPLC/status/1841441753909580063

https://x.com/AminexPLC/status/1841441757529305329

https://x.com/AminexPLC/status/1841441760662487505

https://x.com/AminexPLC/status/1841441763887890565

Not long now

Should be a big few months here with Licence and before then the longstop date for Galactica Project next month.

I expect they will close around 20p, safely short of their open @ around 23p

And still sitting just above the 52 week low!

Fully funded drill, company raised $29 million in July.

Rig mobilisation RNS expected end Sept/early October

The Megrez-1 well is estimated to have a 69% geological chance of success and will target the topset sands in Ahpun East project area which the Company estimates to contain a 2U Prospective Resources of 609 million barrels of marketable liquids and 3.3 Tcf of natural gas.

https://www.youtube.com/watch?v=-Ovjul6MySc