Member Info for cperkin

Strange, I have been around AimCasino & a lot longer than you it would seem.

Just saying it it great news and just saying where the SP should be if the company had at least used half a brain not to look at a placing days before flow rates based on the past leaky history.

Anyway, lets hope the market reacts positively.

Great news for shareholders, shame that t has been completely ruined by "Leaked events" prior, otherwise people would have been seeing high 30's or toughing 40p on todays news.

No RNS so I assume it will be the same that shareholders here have heard before in terms of the strategy and a repeat of the last presentation issued.

Disappointing that they have not closed out the deal yet.

Oh dear incompetent ex CEO, sitting behind some new ventures that are doomed to fail and network ignorant.

Looking forward to the Webinar tomorrow, the future ambitions all depends on the company selling Ruvuma of course.

Old desperate Dan still trolling the company?
The same one that wanted shareholders to spend another 4 million on HE-1 and failed, got kicked out and wanted the BOD to sell at 7p when they sold most at 21p.

Incompetent it would seem & it should be shared widely.

Got to agree flexmw, a recent report in conjunction with BP has forecast that 56% of all current WW oil and gas reserves will in fact stay in the ground if the 2030 to 50 targets are going to be hit.

O&G will largely become extinct like the dinosaurs.

Morning AA, not long at least. Nothing Big going to happen till Ruvuma is sold that's for sure, although the first deal is definitely a step in the right direction.

I still expect that Tuesday is just the current deal closing and not linked to Ruvuma, although you never know of course.

Have a lovely weekend.

Still I suppose the flip side is that Wressle-1 is flowing like a good un and it's mates rates time.

Either way the timing sucks just prior to results, almost as good as BLOE this week, allotted 24,877,230 shares, 3.97% of the existing issued share capital of the Company, whilst lending £62,193.07 to the employee benefit trust to buy the shares, days before it issues flow rates.

Welcome to Aim, as soon as the feelers go out for a book build then the market knows, or rather a small proportion does and it can leak anywhere in that chain and hence UJO are here all over again.

Either way a placing before confirmed flow rates as per below RNS is crazy, unless the RNS on the 24th August was just fabrication or results are way below expectations, because surely you would wait for the flows before placing.

"Initial well test measured flow rates, under a restricted choke, have exceeded 500 barrels of oil per day which was the forecast rate following the proppant squeeze operation.

The Wressle-1 well is continuing to clean up and has not yet reached its optimum potential.

A further update will be provided once a stabilised oil flow rate is established in the coming weeks."

Lets see if there is anything new come next Tuesday the 21st & the LSE webinar Frank, that still leaves a week and a bit for Ruvuma 3D approval.

Peace & Love and good to leave the swinging 60's behind.

3D approval due this month.

Buys going through and reported as sells.

Can't be long, GLA

Ariel, you mean Dan?

I wonder what Neil Hannons un-VPN'd IP address is?

Projections are fine when you look at full field development but realistically it will be costed for sale at the current market rate. What exactly that is beyond the $20 million per 25% as per the AEX/ARA deal is a mute point. Certainly it now has a 2 year extension licence and a pretty large uplift in mean risked recoverable gas resource to 1,990 Bcf since that last deal closed.

Some interesting valuation debates on Ruvuma post C1 drilling GSA and production on the AEX bb I copy and paste for info.

"management estimates suggest a mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf, in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf, which will be appraised by the planned seismic and drilling programm"
so once proved up by seismic and CH-1 and put into production and assuming the same GSA terms as WEN, then Aminex could have 1P reserves of 500 Bcf, or 5 x the amount of WEN, (their 2P estimates notwithstanding ) so 5x their NPV10 of $116.6 million ? = $583 Million for 25% of the field.

Great time to be bringing on line a 0.5MW producing Anaerobic digestion plant.

Wholesale electricity prices up from £53 Mw/h in Jan to £82.98 now

2.975, come in number 3 your time is up ;)