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What "falsehoods" where oh where have I suggested anything there is a "falsehood"? Nowhere (though I should point out AEX do NOT get $135m of carry ) BUT that does not mean that AEX are in the best place they have ever been - hence that is NOT A FACT!! So it should not be stated as being a FACT!

Dear oh dear, same old drivel from mctripe I see. I suppose I have been trading my other stocks for the last 5 - 6 years whilst trying to influence the price downwards....

I suspect that he would love it if I did what GL did and retired from the board - that way his rose tinted, self-interested ramping would get free rein totally unchallenged.

Bye bye all.

RogerJolly you seemingly miss the point, whatever you or I, or mctripe, may believe to be the case, whether positive or negative, it is NOT a "fact"! It is our "opinion" and the only place that opinion or belief may be "true" is your or my own head.... there are potentially an infinite number of alternative "opinions" each of which might be equally "true" - in the head of the believer.

Do I believe that AEX is in the best place it has ever been - NO! For many reasons actually, but don't take my word for it, if you want evidence, just look at the share price - it would appear that the rest of market would agree with me. The share price and the market valuation on the other hand IS a "FACT" and not an opinion.

Anyway one and all, that's it from me today I have meetings to attend. I wish you all a wonderful weekend.

It is the best place BG if you only want to read opinions that confirm your own.... that is hardly conducive to getting a balanced and, some would argue, impartial view of the world is it? ;0)

NO mctripe it is NOT a "FACT" it is your one-eyed opinion!!

The rampathon continues

You will be sorely missed GL - I only hope that we get to see you at future AGM's. One coming soon.

On "Reception" perhaps?

Hello BG, sorry , not trying to avoid you! Yes you are correct WEN are not an operator and have institutional investors however I am not sure that you can compare the two as WEN are essentially a Norwegian quoted company and, as such will appeal to a different selection of II's, with different investment mandates and regulations than is usual for UK Instututions and targets. Even then the II's that hold WEN do not have significant value and have been long term holders who originally took their positions as part of a WEN fund raise /placing at at time when WEN were indeed the operator of Mnazi Bay; they farmed out to Maurel & Prom at a later date.

Actually, in my view, it is not impossible to concieve of Institutional Interest in AEX at this stage BUT that it would help if AEX were in funds, had the capital to invest in Kiliwani development and of course already had a proven source of material income in excess of their commitments. Though I will stick to my guns and state that it there are very very few II's that would look at a micro cap, one geography, one (fossil fuel) industry portfolio investment company that were not in control of their own assets and income. Keeping one that you have had for years is very different than getting a new one.

And I am not even going to bother responding to the rambling diatribe from mctripe; to suggest that Pension Funds will be investing in a microcap like AEX? Dearie me.

And with that I will return to my journey.
Bye for now, GLA.

The size of the resource is not the point BG, not in my view anyway; it is the operator status.

Sorry all. Being serious and at the risk of raking over some very old topics of conversation here, before AEX is likely to attract II interest of any kind, yes, it is my belief that they will need to be an "operator" no II is going to invest in a "portfolio investment company" and certainly not one of AEX's size and with so much concentration risk. Furthermore at the current market cap AEX is a microcap company and one operating in the O&G sector. There are very, very few II's that would even be able to invest in such an entity. Even with a £250m market cap they would be in the "small cap" sector.

Anyway one and all I must leave you for the day - travelling North shortly.

GLA

Actually. apologies, I lie - Majedie used to turn up when they were still a shareholder. But that was when AEX were still a 75% shareholder and the operator of Ntorya.

mctripe on the psilocybin again methinks? I have yet to see an II at any AEX AGM and I have been to a fair few... and for all those dividends too? All that Ntorya income being shelled out to investors rather than being reinvested in Kiliwani or used for diversification. And how many institutional investors are going to invest in a "portfolio investment company"? After all II's are themselves investment companies - and they will look to farm out that responsibility to the AEX BoD and one with only two assets?! I should coco... For any II to invest in AEX they will, at the very least, need to be an operator; and that will require AEX reinvestment in Kiliwani development.

Your view of the timing of the 3D RNS and drill site is pretty much the same as my own RJ and hence the reason I suggested earlier that I am not convinced of exactly when we are likely to see either piece of news.

Do also bear in mind that we have year end figures and a date for the AGM to come in the next few weeks - I would not be at all surprised to see some of that awaited news being "stored up" for the AGM presentation - at least that element that is not considered price sensitive.

For once I agree with mctripe..... though I have no strong opinion about the likely timing of the release of any 3D information, I do not see a strong reason to think the timing of the two things is connected. Even if the SCIR deal were still unapproved in 6 months time would it make any difference to the timing of 3D releases or even drilling? I doubt it.

We will have to agree to disagree on the price sensitivity issue - I think the SCIR situation is very clear and I doubt the 3D seismic results will have any effect on the sp at all.

smudger are you suggesting that the SCIR sale is still in doubt?! That it is reversible? f not then can you explain how completion could be considered price sensitive? What can change? In my view the SCIR deal is done and anything attributable to it already in the AEX price and the SCIR price.

Lol same one-eyed stuff from mctripe I see:

"but make up loads of fiction to try and swing the share price in favour of their position, posting blatant lies and disinformation for attempted market manipulation, which is market abuse."

"Pot and kettle" mctripe, methinks?

I might suggest Tanz that the "impatience" could be aimed at those continually predicting or exhorting the AEX BoD to issue an RNS on Monday and / or the 1st of next month...?

"Haggis - it's Monday ! Were you not predicting a RNS today ?"

Today and every other day for the last two years lol! Don't worry RoJo the 1st of April isn't long now! :0)

RJ, quite right I have never been much of a believer in the likelihood of (commercial) Oil at CH1 but then I am also very well aware that anything that I might say or think has absolutely no impact whatsoever on what the rainbow chasers and their hot money might choose to believe. Now though, even they would struggle to make a convincing case, though I am sure some will try; even though ARA are no longer even drilling the lower jurassic!

For you information the reason that I have consistently been cautious about the prospects for Oil is based on nothing more than the words of our own BoD (various BoD's!) as previous AGM conversations and Q&A sessions. As I reported afer the last AGM, the BoD were very optimistic about the likely gas shows at CH1 and indeed anticipated significant liquid shows too (condensate) but were not anticipating serious OIl shows - CH1 was and is a "gas play" were their words. I reported this after the last AGM and similar reports for previous AGM attendances but, as these didn't suit the more aggressive or fanciful agenda's of some of the rose tinted spectacle brigade it was decried as my "misreporting" - Basically I was lying. Personally though I would prefer to believe what I hear with my own ears from our own BoD than side with the one-eyed confirmation bais of those with their own self-interested agendas.

So I would agree that there was no great expectation of Oil at NT2 or NT3 (now CH1); the NT2 drill still had one heck of an sp spike without the hyperbole of an OIl play and so too, I am sure will CH1 (now back to NT3 perhaps?) - though now a lot of that hot money that might otherwise have been atttracted to the Oil possibilities will surely stay away - how much? I can't possibly know and never will but I do certainly believe that it will take a lot of the "froth" out of the bubble...

The now lack of the Oil prospect that was lost with the (maybe temporary) abandonment of the Lower Jurassic Target for CH1 will keep much of that hot money away I fear. As vike1 said a few days ago, and I fully agree; the new proposition for the next 6 - 12 months probably raises the sp "floor" during that period but also, likely as not, limits the "ceiling....

Sorry, on the move, must leave you all now. GLA and have a great weekend.