Member Info for CrustyPete

When I suggested earlier that mctripe would do anything for an sp lift I honestly never believed that even he could come up with a fantasy as "out there" as "dividends" by the year end. Good grief.

Time to return to reality. I wish you all a good weekend all.

"dividends"?! For crying out loud.... I've heard just about everything now? What planet is this joker on?

Roger, you sound like mctripe from another board..... ;0)

Not the great "wall of news"?!?!

Well we have been waiting two years so it won't be before time... just hope the optimism about the impact on sp is justified and that it lasts......

Vamp, no problem just farm it out to mctripe he WILL do anything for an sp lift...

Roger you say "It is a pain in the ass for us investors when the traders take it down again." yes and equally a pain when the sp is ramped up for those same short term traders to make their measly 5%.

And nor is it a total surprise for a prediction of a small rise to eventually comes true, when you have been predicting it every month for about two years - even the AEX sp goes up occasionally - just a pity that it rarely stays there for long. ;0)

If mctripe is fronting your supergroup surely your genre would have to be psychedelia; Syd Barrett on psilocybin, plus added rose tinted spectacles.

Incidentally where is he today? He evidently isn't trying hard enough - maybe he needs a new ramping tactic? ;0)

Agreed BG so, my apologies, instead of optimise I should have said "maximise".... ;0)

Dear oh dear, the rampathon continues.....

FWIW Roger yes, I would aagree; optimising flow from NT2 would require re-entering the well with another rig.

So actually Mctripe who is it that is being disingenuous? So in reality "for sure" should actually have read "let's hope" and, if not, NT2 revenues on their own may well not be significant.... yes, no wonder you don't want to read my posts mctripe.

December, perhaps?

Note well the statement "decoupling the production of first gas from the spudding of the CH-1 well.".....

There is one logical inference of the above to those not wearing rose tinted glasses or are blinded by their confirmation bias - but I will leave you to your dreamworld.

Bye for now.

But Roger no doubt, according to mctripe, we already have a rig contract signed and a drill date set but because it is not price sensitive ARA and AEX are choosing to not to make that information available to shareholders...?! After all nothing is impossible in the rose tinted world of mctripe ;0)

Only joking! ;0)

So mctripe firstly, here you go again only seeing what you want to see; I have not said that the revenues from NT2, CH1 and NT1 would be "insignificant" but simply that revenues from NT2 may not be significant. Selective reporting yet again mctripe...? And you are telling us that CH1 and NT1 will be drilled before October "for sure"..... so that's a fact then? And where have you got that "fact" from? Well I would beg to differ and until Ch1 and NT2 have been drilled and connected to the pipeline I would suggest that the revenue may well not be significant....

Only time will tell whether your assertion is well founded or not mctripe but based on your past performance I wouldn't go betting the house on it....

BG, yes, so the revenues before CH1 gas is in production we will be relying on NT2 gas only - even more reason that those revenues will provide limited revenue for such things as Kiliwani and diversification.

Well I think it unlikely - ARA bought into AEX as an "Operator" as their East African exploration and development vehicle, not a "portfolio investment company" and at last year's AGM both TW and Sultan AG expressed a desire to keep the operator status of Kiliwani if at all possible. The contingency was AEDX's ability to show progress on development of the License; the 3D will tick that box for 2022/3, and revenues should allow AEX sufficient funds to demonstrate some form of progress for the 2023/4.....

Plus with 58% holding AEX cannot farm-out much and still retain "operator" status; so in the unlikely event that they do "Farm out" it is likely to be for a future revenue share and not "ownership".

Of course

Though they will need CH1 gas plugged before revenues are sufficient to fund Kiliwani any time soon, methinks; NT1 & 2 revenues may not be significant unless they can restore NT2's full potential.

Fund the development of Kiliwani and then look for diversification into other East African countries; as was ARA''s original plan for AEX.