Member Info for Drewky

Did you not buy in the 5s before it got to 7.9?

and put or left your money into Aminex. That makes sense! :0))

Just a couple more tweaks today

CPR commissioned after NT2 materially upgraded to 1.87tcf

“io consultants’ gas to market report estimated $143m spend to recover 3/4 tcf based on current gas price, is worth $25m to $35m cashflow per annum to Aminex” “fully covered for that"

FARM OUT - APT have committed to spending a possible $110milion on the full field development of the Ruvuma project which includes a committed spending of $40million to Aminex. $5m cash & balance $35million paid as full carry up to 40MMscf/d at which point any unspent remainder will be paid in cash from gas profits.

APT will acquire 50% of the Ruvuma project with Aminex retaining 25%. Solo Oil hold the remaining 25%

“APT will establish an early production system to achieve an accelerated first gas to a minimum a MINIMUM gross rate of 40MMscf/d by Qtr1 2020” representing full carry to minimum $10 to $12m p.a. cashflow “Not revenue – Free Cash”

"Much more expected! Not worth building a 30Km pipeline for just 40MMscf/d"

Adding the Solo share of costs $35m gives $140m total potential spend & brings full carry to profitability as per “io” projections

"Any further spending will be self-generated"

“Chickumbi-1 well pad is complete - planning to drill this year”

“Multiple Targets - Gas - Oil at the lower level - Oil shows found down dip at previous drill”

“Planned around same time” APT will acquire 3D seismic data over 200km2 to optimise drilling targets
Based on results of CH1 and 3D seismic APT will build a 33km pipeline to Mdimba gas plant to allow for maximum gas delivery “planned for 2019”

“Q1 2020 Monetisation to coincide with demand call”

“Plan” Drill CH1 alongside 3D & back with further 3 to 4 drills (possibly 2019)

Full field development is projected to 140mmcfd by mid 2020’s

“Kiliwani remediation with income stream planned to resume 2018”

Possible further drill at Kiliwani South

Nyuni – Plans for 3D seismic

Competitors running maximum capacity & demand forecast to outstrip supply 2019

TPDC have announced feasibility study for gas pipeline to supply Uganda

Malcy Comments "Excellent meeting, shareholders have nothing to fear, bucket list status assured”

"The Zubairs are putting $105m on the table, they wouldn't be doing this if they did not think it was worth a lot of money" ”It's in the bucket, it's for a good reason. The value of this asset is high!"
https://audioboom.com/posts/6959402-ascent-resources-ast-and-malcy-on-solo-wrl-aex-iog-amer-hur-genl

Everything in this list has been produced in good faith & to the best of my knowledge is factually correct & has been published or stated verbally by management with regards to time schedules etc. DYOR https://aminexunofficial.blogspot.com/

I was talking tomorrow, not today lol

Gotcha and replied

Surely can't lose at this entry level imo

CPR commissioned after NT2 materially upgraded to 1.87tcf

“io consultants’ gas to market report estimated $143m spend to recover 3/4 tcf based on current gas price, is worth $25m to $35m cashflow per annum to Aminex” “fully covered for that"

FARM OUT - APT have committed to spending a possible $110milion on the full field development of the Ruvuma project

APT have committed spending of $40million to Aminex. $5m cash & balance paid as full carry up to 40MMscf/d at which point any remainder will be paid in cash from gas profits.

APT will acquire 50% of the Ruvuma project with Aminex retaining 25% and Solo Oil the remaining 25%.

“APT will establish an early production system to achieve an accelerated first gas to a minimum a MINIMUM gross rate of 40MMscf/d by Qtr1 2020” representing full carry to minimum $10 to $12m p.a. cashflow “Not revenue – Free Cash”

"Much more expected! Not worth building a 30Km pipeline for just 40MMscf/d"
Adding the Solo share of costs $35m gives $140m total potential spend & brings full carry to profitability as per “io” projections

"Any further spending will be self-generated"

“Chickumbi-1 well pad is complete - planning to drill this year”

“Multiple Targets - Gas - Oil at the lower level - Oil shows found down dip at previous drill”

“Planned around same time” APT will acquire 3D seismic data over 200km2 to optimise drilling targets
Based on results of CH1 and 3D seismic APT will build a 33km pipeline to Mdimba gas plant to allow for maximum gas delivery “planned for 2019”

“Q1 2020 Monetisation to coincide with demand call”

“Plan” Drill CH1 alongside 3D & back with further 3 to 4 drills (possibly 2019)

Full field development is projected to 140mmcfd by mid 2020’s

“Kiliwani remediation with income stream planned to resume 2018”

Possible further drill at Kiliwani South

Nyuni – Plans for 3D seismic

Competitors running maximum capacity & demand forecast to outstrip supply 2019

TPDC have announced feasibility study for gas pipeline to supply Uganda

Malcy Comments "Excellent meeting, shareholders have nothing to fear, bucket list status assured”

"The Zubairs are putting $105m on the table, they wouldn't be doing this if they did not think it was worth a lot of money" ”It's in the bucket, it's for a good reason. The value of this asset is high!"
https://audioboom.com/posts/6959402-ascent-resources-ast-and-malcy-on-solo-wrl-aex-iog-amer-hur-genl

Everything in this list has been produced in good faith & to the best of my knowledge is factually correct & has been published or stated verbally by management with regards to time schedules etc. DYOR https://aminexunofficial.blogspot.com/

They have retweeted the following positive (speculative) message. They would obviously have to get the gas from somewhere to fill this pipe

Reuters: “Tanzania wants to build pipeline to pump gas to Uganda” reut.rs/2AOc7vD #Africangas

This is what I've been pushing for over the last twelve months. Long may it continue!

you mean Tarry.

Still those few tweaks to do but in general most of it is there

APT have committed to spending a possible $110milion on the full field development of the Ruvuma project

APT have committed spending of $40million to Aminex. $3m up front a further $2m six months later and the balance paid by Full Carry up to 40MMscf/d at which point any remainder will be paid in cash from gas profits.

APT will establish an early production system to achieve an accelerated first gas to a minimum a MINIMUM gross rate of 40MMscf/d "We expect much, much, more! It wouldn't be worth building a 30Km pipeline for just 40MMscf/d" (CEO Jay B)

"At 40MMscf/d we are fully carried to a MINIMUM of $10m to $12m per annum of cash flow. Not revenue but free cash" (CEO Jay B)

Question: Would anyone out there want to invest that sort of amount without being pretty damned sure of a good return?

Comment: Any sensible person knows that you don't commit to investing $110million unless you expect to get a serious return!!!

With Solo having to stump up their $35million share of costs minus the $5milion cash paid the situation is as follows...

$140 million spend brings Full carry to profitability

io estimated $143m spend to recover 3/4 tcf based on current gas price worth $25m to $35m cashflow to Aminex Again we are fully covered for that" CEO Jay B

"Any further spending will be self generated" CEO Jay B

"drill one with 3d and back with further 3 to 4" CEO Jay B

CPR 1.87tcf public knowledge

Chickumbi-1 drill this year (Planned CEO Jay B)

Multiple Targets - Gas - Oil at the lower level

Oil shows found down dip at previous drill

3D Seismic over 200sqkm to begin around same time Stated CEO Jay B

Kiliwani Remediation this year and income stream to resume Planned CEO Jay B

Pipeline to Mdimba gas plant planned to begin 2019 planned CEO Jay B

3 to 4 drill program after seismic (2019 when taking answer in context but open to interpretation) CEO Jay B

Q1 2020 monetisation CEO Jay B

Competitors running maximum capacity & demand forecast to outstrip supply 2019 - public available info.

TPDC have announced feasibility study for gas pipeline to supply Uganda

"Excellent meeting, shareholders have nothing to fear, bucket list status assured, write up in next few days." Wednesday 1st August Malcy

"The Zubairs are putting 105 million dollars on the table, they wouldn't be doing this if they did not think it was worth a lot of money" "Jay has been given an quite a lot of stick for this deal. I'm not convinced that's necessarily all appropriate and there's still value, it's in the bucket, it's for a good reason. The value of this asset is high!"
https://audioboom.com/posts/6959402-ascent-resources-ast-and-malcy-on-solo-wrl-aex-iog-amer-hur-genl

Everything in this list save for one interpretive item as marked is factually correct and has been published or stated verbally by management with regards to time schedules. D

Seven posts in 12 minutes has said nothing of any use to anyone, just simply proving what ******* he really is by insulting anyone dares to make a comment It really is about time the moderators removed him and his IP for good.

Rxdav when someone is under constant attack from all directions and much of it, of an unjustified nature including plenty from yourself, it is not easy to have a sensible discussion with anyone and neither would I want too. Some of the things said to me this last week the culprits would not dare say to a man's face. as I said in my apology to Dunder it was his behaviour that caused his correct information to be ignored. When people try and burn me I fight fire with fire and numbers don't intimidate me. It was noticeable that the members of this BB stood up for me last night against the constant bad behaviour of a few and I thank them for it. If those culprits can start and behave in a dignified way then the atmosphere on here would be much more relaxed all round and a happier place for all. Disagreements will always occur but that is not the problem here!

No time for all Tarry but part one not quite true. "Most" is the way you choose to see it when it could equally mean the opposite :0))

Destitute give it up man. Everybody knows your game you admitted it a week or two back and your comments show you don't know whether you are on your ass or your elbow. You must be trading on the tiniest percentages

It doesn't matter how big they are as long as they are blue and that's two on the trot

You know Tanz, these are the very people who turn around and say the BB has no impact on the SP whenever they are challenged.

Like I said, sad selfish world

So just deramping for a better price or shorting maybe playing both ways? Hmmm. I really don't care what people strategy is, we all earn the way we do but I'd just like to see some integrity on these bbs. Sad selfish world we live in.

Tarry you have asked me to look at the list. You have emailed me and I've responded and don't have much time today. Please give me some time in which to take action.

The existing list is a good one and has been produced in good faith! I don't propose to make wholesale changes to it other than to revise any disputed information that is subsequently proved to be incorrect. My writing style is my own and I cannot make changes simply because someone would prefer it written differently because if that is done someone else will then wish further change! As long as the message is there, we do not need to be pernickety over individual use of wording.

If this is just a thread for suggested amendments and additions etc I apologise but I will look into it asap

I would also question why you feel the need to create a completely new thread to answer a posters question. It gives me the impression that there maybe something in the question or point that you may be wishing to avoid.

It also raises further suspicion as to motives as Manic points out, why worry yourself over something you have no financial interest in.

As I pointed out earlier "If you seriously think none of the events coming up will upwardly effect the SP, I suggest you give up, sell up and take any existing paper losses you may have on the chin. To do otherwise would waste your own judgement."

It not seems not be the case but you are making some strong predictions there which you think will happen to the SP so why alert everyone else to a possible trading potential without first having taken advantage of it yourself?

Seems to me that whichever way you call it, you are advising people of your opinion and yet not backing your own judgment! If genuine, I seriously don't get that.

Thanks for your usual words of wisdom willow. You are welcome to your opinion but imo your words are utter nonsense and I think you might be better off concentrating on Solo & the shares you do actually own. Are you bored this morning?

"Unfortunately that’s the world of business. The small man does not win when the big boys play this way".

To an extent I agree and accept that the big boy is the daddy here, however if you have the recipe and the ingredients but have no way of baking the cake then you have no chance of eating cake. So if the daddy offers you a quarter slice of one then it is a wise move to take it unless you wish to starve to death.

Simple choice, not an ideal one but one we should and must take in order to generate what will still be a serious profit for the holders and especially new investors at this level!

If you seriously think none of the events coming up will upwardly effect the SP, I suggest you give up, sell up and take any existing paper losses you may have on the chin. To do otherwise would waste your own judgement.

Will continually seek to improve it Tarry but the quotes etc were included because people were questioning what seemed to be every point. When people are happy to accept the list as genuine reported points and a solid base for what we have here, then I'll be happy to remove quotes & sources etc. That doesn't mean people cannot question an item because as proved we can all make mistakes in interpretation and it also does not mean that people have to forget their individual gripes and I do in fact agree with a few of them!