Member Info for Drewky

"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!" Malcom Graham-Wood

Smugly smiling :0))

https://audioboom.com/posts/6959402-ascent-resources-ast-and-malcy-on-solo-wrl-aex-iog-amer-hur-genl

Resorting to giving English lessons now then? Shame you are unable to answer the simple question about what you perceive a free carry to be! You don't like my explanation and tell the world its mis-information but you have no alternative explanation other than to knock it.

Nothing to retract here & just for the pedantic word players I have added sources

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 Free 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 Free carry to profitability

"now near impossible that we will do a placing". Sunday 5/8/18 23:43 TarryB

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 as close to guaranteed as can get (It's extremely unlikely CH1 will be a duster". Sunday 5/8/18 23:43 TarryB) - 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 for 2019 CEO Jay B see above

Q1 2020 monetisation CEO Jay B

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

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

Everything in this list is factually correct and has been published or stated verbally by management with regards to time schedules. It contains quotes from Malcy and a few from this bulletin board. DYOR Further facts & Info https://aminexunofficial.blogspot.com/ PS Thanks to the peda

Apols. Didn't sound right...

Trying to get my head around that offer of 1 option for every 9 at 5% discount on yesterdays close?

Assume buying 9 and one 1 option =10

Buying ten at yesterdays close would have been cheaper than buying 9 and then taking up the optional 1 at 5% discount as it stands based on it currently being up today 6%plus. is that right?

If I'm right, Effectively if the price had still remained the same to a new buyer the discount would effectively been close to 1/2% which is not attractive enough to spend my spare over there just yet

Trying to get my head around that offer 1 for every 9 at 5% discount on yesterdays close?

Based on it currently being up today that would still make any new purchases to enable getting the option more expensive than if they were bought at yesterdays closing price is that right?

Now he's gone cos he thinks he's buried the news enough I'll sneak back in TEE HEE HEE

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 Free 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 Bhattatcherjee)

"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 Bhattatcherjee)

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 Free carry to profitability

"now near impossible that we will do a placing". Sunday 5/8/18 23:43 TarryBreeks

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 Bhattatcherjee

"Any further spending will be self generated" CEO jay Bhattatcherjee

"drill one with 3d and back with further 3 to 4" CEO jay Bhattatcherjee"

CPR 1.87tcf

Chickumbi-1 drill this year

Multiple Targets - Gas as close to guaranteed as can get (It's extremely unlikely CH1 will be a duster". Sunday 5/8/18 23:43 TarryBreeks) - Oil at the lower level

Oil shows found down dip at previous drill

3D Seismic over 200sqkm to begin around same time

Kiliwani Remediation this year and income stream to resume

Pipeline to Mdimba gas plant planned to begin 2019

3 to 4 drill program for 2019

Q1 2020 monetisation

Competitors running maximum capacity & demand forecast to out strip supply 2019

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

Everything in this list is factually correct and has been published or stated verbally by the management with regards to time schedules. It also contains quotes from Malcy and a few from this bulletin board. This list will continue to grow... Please be advised to Do Your Research and if you want to find further facts and management interviews etc. You can read the Aminex unofficial Blog right here https://aminexunofficial.blogspot.com/

That's it Pete, be a Twot and move completely over to the dark side, trying to influence a potential new investor with your stupid put downs so you can line your own pocket!

You have the gaul to call me a liar and accuse me of peddling false information and then come out with "current Kiliwani GSA are highly unlikely to apply" highly unlikely is nothing more that an opinion and I hadn't even said it would in my opinion either.

Let us very quickly go back to your no such thing as a FREE carry suggestion. Please explain your version of a free carry. I assume that you aware of the old saying that nothing comes for nothing? I'm not stupid enough to think that we haven't had to give up something in order to get something but that is the way of the world and I don't think anyone out there is stupid either.

Your challenges to me over the last few days have been based on pedantic word play and have no substance. So let's now get to your explanation of a free carry? Can you point me to a free carry where somebody farming in hasn't or intended to get something out of the deal? They don't do it out of the goodness of their hearts do they? As Edgar said earlier a Free carry is a widely accepted term in this business so are you saying that there is no such thing as a free carry at all?

If that's the case based on your current written view, I will technically agree with you but the fact is you are kicking up a stink purely because you don't like the deal we've got and if we had got an amount you would have found acceptable, then I believe you would have been more than happy to call it a free carry.

Before you respond to that I'll refer you back to another of your oft said remarks. We dont have nothing! It's worthless! Quite correct, it is worthless until we can get it out of the ground and now we can but more importantly while its still worthless we are not actually paying for this free carry we are just making a fair exchange with somebody who can help us to give it some value.

You look more like the silver tongued devil each day spouting knowledge that many don't carry making others too timid to question you. Not me, I'll take on the challenge if needs be but I suspect your current behaviour is losing you an awful lot of respect you've have built up on this board over the years and you have certainly lost mine not that I'll expect you to care.

Thank fook the Boys getting the message. Now it's your turn to be got at CP. Bombard the barstards with facts, they have no answers to the truth!

An exact date wasn't given but CH1 is expected to spud this year then assuming all is well the pipe line will be constructed.

I believe they have based their figures on the current GSA they have & certainly on the current gas price. Whether they need a new GSA in all honesty, I'm not sure but with the Zubairs corporation and Tanzanian government desperately wanting to move forward with industrialisation I think just like the 25 development licence. It will be a racing certainty that we will get both.

Bet you are having a wonderful holiday squirming around looking for smart arsed comments. Did you leave the mammoth book of insults back home in the wigwam? About to lose your shorts Dunder the pressure is getting to you :0))

Hi Oz it is the partners but it is part of the FREE carry for Aminex

Further Additions

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 Free 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 Bhattatcherjee)

"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 Bhattatcherjee)

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 Free carry to profitability

"now near impossible that we will do a placing". Sunday 5/8/18 23:43 TarryBreeks

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 Bhattatcherjee

"Any further spending will be self generated" CEO jay Bhattatcherjee

"drill one with 3d and back with further 3 to 4" CEO jay Bhattatcherjee"

CPR 1.87tcf

Chickumbi-1 drill this year

Multiple Targets - Gas as close to guaranteed as can get (It's extremely unlikely CH1 will be a duster". Sunday 5/8/18 23:43 TarryBreeks) - Oil at the lower level

Oil shows found down dip at previous drill

3D Seismic over 200sqkm to begin around same time

Kiliwani Remediation this year and income stream to resume

Pipeline to Mdimba gas plant planned to begin 2019

3 to 4 drill program for 2019

Q1 2020 monetisation

Competitors running maximum capacity & demand forecast to out strip supply 2019

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

Everything in this list is factually correct and has been published or stated verbally by the management with regards to time schedules. It also contains quotes from Malcy and a few from this bulletin board. This list will continue to grow... Please be advised to Do Your Research and if you want to find further facts and management interviews etc. You can read the Aminex unofficial Blog right here https://aminexunofficial.blogspot.com/

All the gripes in the world Tarry will not change the need for Gas :0))

Always nice to have positive news isn't it Boys & Girls

Kilwa Energy, the gasless gas-fired power station…
Admassu Tadesse, the boss of Trade and Development Bank (TDB, formerly PTA) who recently announced a $200 million contribution to the planned Kilwa gas-fired power plant, may not be seeing a return on his investment any time soon. The finance minister Philip Mpango and the minister for energy Medard Kalemani, whom he met in early July, held out to him the promise of a 318 MW plant thanks to a forthcoming LNG project, but this is unlikely to see the light of day for another decade… In the meantime, the only option for supplying gas to the future plant is through PanAfrican Energy (PAE), a subsidiary of Orca Exploration which is currently supplying the Songas power station (ION 1478) and several major companies, including Coca-Cola and the cement firms Heidelberg and Dangote. Maurel & Prom, the only other gas supplier in the country, has reached its current capacities of 90 MMSCFD at its Mnazi Bay facility. The Songo Songo field operated by PAE still has spare capacity, but the company will first have to conclude the Gas Sale Agreement (GSA) which it has been trying to negotiate with Tanzania Petroleum Development Corp (TPDC) for the last five years. The MD of PAE, David K. Roberts (AEI 688), is hoping for a signature on the dotted line in the next few weeks, but has told the Indian Ocean Newsletter that he has not been approached so far by Kilwa Energy Co, the company which will construct the plant, regarding a possible partnership.

Original source https://www.africaintelligence.com/

My god guys you really are desperate to get this share lower - Close the shorts boys or buy now before you miss the boat lol

The #Aminex List shows #AEX close to take off - EGM expected to ratify the way forward next month CH1 Drill 3D Seismic & Kiliwani Remediation all planned this year with Pipeline to Gas plant & 3 to 4 drill program for next year https://aminexunofficial.blogspot.com/2018/08/the-aminex-list.html

That means I make the rules and nobody dictates what goes in the list as it continues to grow...

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 Free 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 Bhattatcherjee)

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

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 Free carry to profitability

"now near impossible that we will do a placing". Sunday 5/8/18 23:43 TarryBreeks

CPR 1.87tcf

Chickumbi-1 drill this year

Multiple Targets - Gas as close to guaranteed as can get (It's extremely unlikely CH1 will be a duster". Sunday 5/8/18 23:43 TarryBreeks) - Oil at the lower level

Oil shows found down dip at previous drill

3D Seismic over 200sqkm to begin around same time

Kiliwani Remediation this year and income stream to resume

Pipeline to Mdimba gas plant planned to begin 2019

3 to 4 drill program for 2019

Q1 2020 monetisation

Competitors running maximum capacity & demand forecast to out strip supply 2019

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

Everything in this list is factually correct and has been published or stated verbally by the management with regards to time schedules. It also contains quotes from Malcy and a few from this bulletin board. This list will continue to grow... Please be advised to Do Your Research and if you want to find further facts and management interviews etc. You can read the Aminex unofficial Blog right here https://aminexunofficial.blogspot.com/

"now near impossible that we will do a placing" Sunday 6/8/18 23:43 TarryBreaks

$140 million spend brings Free carry to profitability

ONE WIGWAM complete with resident Comanche and copy of the mammoth book of insults

CPR 1.87tcf

Chickumbi-1 drill this year

Multiple Targets - Gas as close to guaranteed as can get. - Oil at the lower level

Oil shows found down dip at previous drill

3D Seismic over 200sqkm to begin around same time

Kiliwani Remediation this year and income stream to resume

Pipeline to Mdimba gas plant planned to begin 2019

3 to 4 drill program for 2019

Q1 2020 monetisation

Competitors running

maximum capacity & demand forecast to out strip supply 2019

Quite right Tarry near impossible that we will do a placing.... I wonder why?

Hey head

This is what I posted

about the link up with APT

It seem that they are willing to physically invest $110million into little old Aminex (INSERT PROJECT) and for the life of me, (reading the contents of many posters on here) I haven't got a clue what kind of suicidal lunatics they are to even contemplate investing in what these posters say is such a bad company.

However it seems to me that any company investing $110million in what is effectively described by some as a crock of shyte must know something that these people don't. The much respected O&G Guru Malcy said only two days ago that shareholders have nothing to worry about and Aminex will definitely be remaining in the bucket list and he's just had a private meeting with Jay so who should potential investors trust?

Hmmm, I don't think it's too hard to see the ploy of a certain few on here trying to talk the weak into selling but then again I don't suppose the following is worth having is it? I mean real crock of shyte of a company isn't it?

I have not done a U-turn at all and I still feel exactly the same way but I did concede and apologised at 20:17 last night to in the same conversation with MathersDJ for using the wrong word when I should have termed it "project" and not just Aminex. The problem I see here is you lot are so far up your own asses that you only chose to read what you want to see. I used the wrong word but the principle of the point being made does not budge even an inch.

Now read it again with the word project inserted and waste your time giving me the same arguments. You all know what I meant

Everybody but this bunch of muppets knows that you don't invest $110million unless you expect to get a serious return. Now which one of you is stupid enough to deny it?

You are going to have to work really hard to get your extra .0001 as from now on in I'm not wasting my time arguing with you I'm just gonna batter you with positivity and when you start ramping remember I'll be saving your posts and calling you out as the two faced barstards you are. Enjoy your fun I'm still smiling :0))

$140 million spend brings Free carry to profitability

ONE WIGWAM complete with resident Comanche and copy of the mammoth book of insults

CPR 1.87tcf

Chickumbi-1 drill this year

Multiple Targets - Gas as close to guaranteed as can get. - Oil at the lower level

Oil shows found down dip at previous drill

3D Seismic over 200sqkm to begin around same time

Kiliwani Remediation this year and income stream to resume

Pipeline to Mdimba gas plant planned to begin 2019

3 to 4 drill program for 2019

Q1 2020 monetisation

Competitors running maximum capacity & demand forecast to out strip supply 2019

I'll tell you Tanzania, for this row of cabbages no matter what you give them it would never be enough.

Not the point I was making and you full well know you crusty old buggar they are showing confidence by committing to spend $110 million what part of that is not sinking in?