Member Info for dai2belts

@Skittish, Does either of these strings continue into He1's prospects ?

https://cdn.nextinvestors.com/images/image14_zTB9151.width-800.png

Mmmmm. when you read how long things are taking for Aminex/Ara, its a little worrying if Nobles final approval needs to go through the issuer of the mining licence, or the transaction which seems to be selling 50% interest needs a tax certificate..

Its getting a little frustrating how these AIM companies can say or hide what suits them, thats where most of my losses are coming from ..

QFI, I bought in just before Morocco testing, still not happened

DM, Tai-2, Rig Audit 80%, Exhalo

88e, seems to have mislead...

drilling to the SMD..

"All three primary SMD reservoir targets were intersected slightly shallower than prognosed depths, with reservoir thicknesses consistent with pre-drill interpretation."

look at how the SMD thickens between Ice-wine and hickory....

https://cdn.nextinvestors.com/images/Crossection_of_88Es_project.width-592.png

SMD results So good they did'nt drill the deepest target...

Given the results in the primary SMD targets, and to preserve borehole condition (in-line with previous commentary around well execution strategy), the decision has been made to TD after drilling through the secondary SFS and BFF reservoir targets but prior to the smaller and lower priority tertiary Kuparuk(KUP) reservoir target.

Read this statement which is located in the trivia at the end of each ASX announcement then look at the diagram..

"coupled with data from Icewine-1 well logs >(encountered 380 ft of net oil pay within SMD sands)< ........."

Keeping in mind the thickening toward Hickory, guess what the SMD net sands are ?

To buy on the ASX, just need a broker that offers that...

He1 seemed professional at first, with the likes of IS, although not sure what he brought to the table, all that experience yet as CEO before DM allows the creation of a $5m mineral rig plan, and here we are now relying on Noble to get us a rig..

So I think DM got suckered into to the story, and took the rap for a bad plan, which went to worse..at our expense

That raise to cover everyday costs though, so could be other reasons to raise,,

Ara up to 75% ownership, looks like they are calling the shots

ARA blocked Wentworth's Ruvuma acquisition from SCIR, exercising its pre-emption rights,

https://arapetroleum.com/apt-acquires-sciroccos-25-interest-in-ruvuma-concession/

Gas sales deal could be done Q3, July/August

Should see a rise towards that news, especially SCIR,a payment due and also FID another payment

https://www.proactiveinvestors.co.uk/companies/news/1016044/scirocco-energy-eyes-sooner-than-expected-milestone-payment-from-ruvuma-1016044.html

Jolly and Aimsters posts

https://www.lse.co.uk/ShareChat.html?ShareTicker=AEX&share=Aminex&thread=1F246EA2-52C2-44CE-B6AA-072F4F247E42&reply=true

Maybe they are passengers now, being carried

At one time JV was AEX, Solo and Tullow, first well drilled 2010..

So how long will this pipe-line really take ?

Tanzanian Gov must think there is a lot of gas at Ruvuma...allowing a piple

TPDC expects to invest more than 500 million US Dollars for the development and production of the Ntorya gas field.

https://dailynews.co.tz/govt-signs-addendum-for-ruvuma-mtwara-psa/

Mmmm. "Just so white". not sure what you mean there ?

Sarah's interpretation is wrong, just He1 RNS is badly worded..

Its just Tai that 61% bigger than the original CPR, but its a lot smaller than He1 claimed it was during drilling..

So Aex touting 1st gas October, so 5 months before delays

Also spud ....

Is there enough jam ?

Withholding legal dispute, like He1 and the rigs court order, but somebody always finds out

Do you they dont actually say they dont need funding, so I wonder if there are one off costs likely,...

MMMmm, fist gas by Oct 2023, is that dependent on Pipe Line.. ??I wonder how long it is

o Finalisation of terms for the construction of (i) an export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas by October 2023; and (ii) in-field gas gathering and processing facilities

https://www.lse.co.uk/rns/AEX/final-results-and-annual-report-2022-yr5wfng9n84s4e2.html

https://www.hydrocarbons-technology.com/projects/ntorya-gas-condensate-field-ruvuma-basin/

https://www.lse.co.uk/rns/AEX/strategycompanyops-update-fuay0g1vhqmgqda.html

He1 last update, I was thinking that RNS was badly written to catch people out...

Listen to Sarah's interpretation

He1 "One of the Worlds Largest Primary Helium Resources Now 61% More"

https://www.lse.co.uk/media/what-s-hot-23-05-23-fflw0rcy3f4ufy0.html

He1 last update, I was thinking that RNS was badly written to catch people out...

He1 "One of the Worlds Largest Primary Helium Resources Now 61% More"

https://www.lse.co.uk/media/what-s-hot-23-05-23-fflw0rcy3f4ufy0.html

Only watch first minute, and decide which one is real woman..

Watch the rest a your own risk, not sure its light hearted or not

Equal rights, and its summer time, so need those draughts to cool the orchids

https://www.youtube.com/watch?v=r_0oo8t7DuI

Gas prices

Natural gas prices fell to 58.58 pence (€?) a therm in London on Friday, their lowest since September 2021, but suppliers say hedging — where they buy energy months before selling it to consumers — prevents them from cutting domestic charges.

Figures obtained by The Irish Times show Irish companies could be locked into contracts to buy natural gas for next winter at an average of almost £2.54 a therm, the unit in which the fuel is sold, higher than the £2.10 average they paid last winter.

https://www.irishtimes.com/business/2023/05/27/energy-prices-to-remain-high-into-2024-despite-wholesale-falls/

I thinks its MSC Bremerhaven going into dry dock..

Something Happening with SCIR, selling their 25% interest

https://www.proactiveinvestors.com/companies/news/988830

then read

https://www.lse.co.uk/ShareChat.html?ShareTicker=AEX&share=Aminex&thread=09E35470-2037-4C37-8354-0FC49EE4A919

I think the Trolling comment, might be wrong, and the GSA can be done in advance of SCIR sale of their interest, what do you think..see below

Ruvuma Asset Recent Developments

As previously disclosed by Scirocco, the operator, APT, is continuing to engage with Tanzanian authorities to finalise gas sales arrangements and the award of the development licence for Ruvuma. This has the potential to accelerate an earlier development of commercial gas sales from Ruvuma than initially envisaged by Scirocco which would trigger earlier pay out of the contingent elements of consideration under the asset sale arrangements.

https://www.lse.co.uk/rns/SCIR/corporate-update-23k46jj1c9gl84s.html

Not sure why a companies research note is behind a wall ?

Is there time for a rise from 1p to 1.25p before any news comes to suggest there wont be a drill ?

Last year I think they announce a likely November drill, which was probably just keeping speculation up, like He1 with the 2021/22 water rig wet season drill, and then the 2022 November drill, followed by Q1...followed by Q3 2023 which is where AEX are too....same story...!

AEX, Then those 6x 1M, I guess are buys, on the "Mid" to leave you guessing, just like JSEs large trades on the mid which unfortunately must be sell as the price is falling.. But I think they are also behind the spikes, as they know what entices us to buy, volume..

I bet on an upward trend, if they want to pump then the large buys are fully out in the open, unlike the large sell trades which appear end of day after the PI think they picked up a bargain..

Looks like no raise needed....

April 2022

Successful Placing to fund Aminex to First Gas Production

The Company is pleased to announce that it has successfully raised approximately £3.3 million (approximately $4.4 million) before expenses to fund the Company to the expected receipt of revenue from first gas production at the Ntorya field, currently projected for end of 2024, through the issue of 440,482,181 new ordinary shares in the capital of Aminex (the "Placing") at a price of Stg 0.75p per share (the "Placing Shares").

The board of Aminex has taken the strategic decision to seek funds at this stage to meet all of its forecasted running costs (before contingent liabilities) to the end of 2024, when first gas has been targeted by the operator of the Ruvuma PSA, ARA Petroleum Tanzania Limited ("APT"). As previously announced, the Company has continued to reduce its overheads over the last three years and the Company's estimated running costs for 2022 (before one-off costs and exceptional items) are approximately US$1.4 million.

https://www.lse.co.uk/rns/AEX/successful-placing-to-fund-aminex-to-first-gas-0bzrgs57e2vextx.html

April 23

=======

Outlook:

• The operator of the Ruvuma PSA, ARA Petroleum Tanzania Limited ("APT") continues to progress operations at the Ntorya field, with the following planned for 2023:

o Two-week well testing programme on NT-2, utilising a mobile testing unit, principally to sample the gas and establish an accurate measurement of the gas composition, required for the design of in-field processing facilities and the export pipeline to the Madimba Gas Plant

o Conclusion of negotiations and execution of a Gas Sales Agreement

o Finalisation of terms for the construction of (i) an export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas by October 2023; and (ii) in-field gas gathering and processing facilities

->o Entering into a rig contract to (i) drill, test and complete the Chikumbi-1 well ("CH-1") as a gas producer; and (ii) workover and recomplete the NT-1 well as a gas producer

>o Following the processing of 3D seismic data, an optimal well location has been determined for the CH-1 well

• APT has also submitted a near final Field Development Plan to the Tanzania Petroleum Development Corporation which, upon approval, will lead to the issuance of a Development Licence for the Ntorya field

• Orca Energy, though its subsidiary, Pan African Energy Tanzania, has commenced its 3D seismic acquisition programme over its Songo Songo licence which includes an incursion of 12.5km² over part of the Kiliwani North Development Licence ("KNDL") at no cost to the KNDL parties. The acquisition programme is expected to be completed by Q3 2023.

https://www.lse.co.uk/rns/AEX/final-results-and-annual-report-2022-yr5wfng9n84s4e2.html

Supposed to be doing this later.. :(