Member Info for CrustyPete

Yes indeed John LSE seems to have been suffering a few "glitches" recently.....

Fortunately that little dip allowed me to pick up a few more; just a pity that my "platform" didn't "double up" on that too!

Though I am sure there will be more opportunities over coming weeks to pick up "cheap" stock ;0)

At the risk of being repetitive and as I have stated before; I do not believe that AEX will do any meaningful work on KN1 until they have received payment for the outstanding invoices and the spurious Tax claim from past payments has been removed. Why spend money (needed for Ntorya) on KN1 remediation only to produce gas that you have no confidence you will get paid for....?

Calxulated, calculated....? You mean that JB has calculated an 80% fall in the share price in 9 months?

Best he stops calculating and tries chaos theory ;0)

As an existing ahareholder, today's price movement is disappointing but unfortunately totally predictable (as per my early morning post. It may indeed continue tk decline until more positive news is revealed.

Am I concerned? No, not at all. Just an opportunity to recharfe the coffers over the next month or two to buy more very cheap shares. As was stated by the BoD in the RNS, not drill is without risk but, based on what we know I am more than comfortable with that risk and I will be loading up.

GLA

Morning Sardy,

As an existing investor I am pleased with the fact that we have identified an appropriate drill and have a contract in place. I was thinking of buying more ahead of an "imminent" drill but after today's news I am more inclined to keep my powder dry and wait for the New Year; there is little reason to be buying today rather than Q1 that I can see and there will surely be plenty more ISA sales in the intervening period.

Consequently I cannot see today's announcement getting too many of those sitting on the fence to start piling in. Indeed some may choose to use the intervening months to jump on to another ship for a short term ride?

"Nose out of joint" Panch? Without seeing what the "fast track" work programme is it is impossible to know that methinks. Bearing in mind how "behind" the Ntorya" work programme is I would not be at all surprised to see APT planning both a pipeline build and maybe 2 or 3 drills over a 12 month period and before the project will earn it's own income.

Will Solo be able to honour their funding obligation? Maybe this is exactly why AEX / ARA did not want to involve them in the discussion? Because Solo would not have agreed to a programme of work that they could not afford...

Hands up, I am only guessing and really only flying kites; there could be many different explanations for it

CP I do not think that the Omani's would be remotely interested in an RTO ; think about the necessary transparency and scrutiny that they would then be subject to....

Well I would tend to agree with the iverall tenor of your piar but do remember that until the Farm-Out is complete, nominallt at least, AEX still hold 75% of Ruvuma. Soon to be cut to 25%. But how long will Solo hold on to theirs?

ARA can take over yhe Ntorya / Ruvuma operatorship. That is totally different trom takinh over control of AEX....

What ever happened to the acquisitions that would diversify AEX putside of 100% teliance on TNzania...?

But CP, I cannot remember how long ago it was announced but I had assumed that the money and the "long lead" works had alrrady be initiated? But it seems not. Not yet at least. Will they be saying the same thing in another month oor two's time? January the 1st RNS saying "AEX expect to recieve the $3m on the 31st January"...?

As one the the greatest philosophers and market commentators of our time Julie Andrews [ :0) ] once wrote "just a spoonful of sugar helps the medicine go down...".well, if the affliction needing treatment was a terminally poor SP and the "pill" needed to cure it was the RNS, the last application seems to be nothing more than a placebo. The saving grace is thar at least the sugar will keep a few people smiling until the "active ingredient' gets administered....

Come in TipTop, if yours was a School Report it would read"must try harder". Put your list up again for goodness sake; it would appear that no-one has seen it! :0)

Or maybe try the alternative appeoach and post nothing at all? Albeit that seems to have exactly the same outcome.

Only teasing TT ;0)

So to get your avergae down below 1p you must hae either sold up some time ago or bought an awful lot at .7p GL?

A rhetorical question only. It is none of my business.

Another question though which I want tobyhrow open to all. If the BOD were expecting the License to drop anytime soon would they have bothered to release this RNS now? I suspect not. That said they have an obligation to notify the market that their CFO has resigned. The rest looks to me like "padding". Noyhing material, just sufficient to get the speculation mill rolling. As all long term uokdets have witnessed umpteen timrs before.

I will be honest and state that I have always been of yhe opinion that a C1 spud seemed unlikely in 2019 and am now convinced of it. Is a January spud a possibility? Or February? March? Yes, with a road in place I believe it is. So that is very good news. Can anyone afford to sell if so? I wouldn't risk it.

On the other hand I will be the first to admit that I was expecting the License Extension to have dropped by now. And, btw, still expect it to be "imminent" (brave words I know) but after today"s RNS am concerned that I may end up with egg on my face by saying so.

Is this RNS just a "holding tactic"? Is this indicative of the BOD uncertainty? I cannot claim to know but would be interested in people's opinion.

After all it wouldn't be the first time.

I was referring to the C1 spud.

I am very pleased for you Sardy. Thankfully I do not need prosac to get through life ;0)

A healthy degree of scepticism never hurt anyone. Nor, by the way, does a good session of "ramper" baiting. (And yes that means you TipTop!!)

I suggest you don't take everything you read at face value Sardy.

If only everything was so black and white Sardy. Must be nice living in such ignorant bliss.

Ah TipTop, you know me too well. :0)

I get paid next week. Just looking for a cheaper top up...

No Sardy, Crusty hasn't 'sold out". Sorry to burst your bubble.... and I apologise also for not fitting your over simplistic view of reality.

Nothing happening this year? Was that ever a serious possibility?

Oh dear.

One consolation? Now none of the former BoD left?

Back to the day job.

TT, why oh why are you attempting to support this share price? Surely based on your recent posts you would welcome another 50% share price decline as it would allow you to lower your average yet further?

Let it take it's course is my attitude. Why even attempt to make a silk purse from this sow's ear? Take advantage whilst you can!! ;0)