Member Info for Drewky

OK Pet bit by bit

Firstly we went to 7.9 spike on 450bcf ish! and our percentage now works out at around that same quantity assuming success which was same scenario back then. Why should it not reach those levels when we are actually in a better position to make something of it!

Announcements to come
Dev licence
Drill organised
Spud Date
Drill commence
Drill success hopefully
Drill completion & flow tests
Pipeline insatllation underway
Pipeline completion
Tie into Madimba
Somewhere in there come Seismic survey
Seismic results
& Kiliwani remediation and whatever comes to pass

I forsee all these coming along within the next 18 months and if you like perhaps stretch into Q1 2020 but each one of these events if positive will have a positive effect on the SP, some more so than others. The difference also being that this time around there is the financial muscle, diplomatic connections and expertise to make it all happen. Zubair need the power for the industrial projects they are involved in, so they will be pushing all the way asap imo. Tanzania need the power and the zubs industrialisation to provide jobs and prosperity for the country.

Now I hear you say we won't get any of that without the licences and how right you are but if we don't get the licences, with or without the Zubs we are fooked anyway and do you honestly believe those licences will not be granted?.

I'm no happier with the amounts than you are Pete but I genuinly feel that this is a big opportunity and especially for those who get in at this sort of level

And I too have marked your negativity all the way down Filter :0))

Filter you are talking absolute rubbish. Once the go ahead is given APT will drill, lay the pipe and earn us some money I'll go for monetisation before end of 2019 and in between that there will be multiple SP rising events you mark my words.

Good enough for me, another 110k bagged for me

Sir Robert I liken it to a lovely lady - I certainly wouldn't kick her out of bed :0))

drewky.aminex @ yahoo .com no spaces

Tarry I understand feeling about the management but it needs to be remembered that these extra bodies were hired before Kiliwani went completely tits up. So surely, as I said earlier, whether they will be needed ongoing is the question rather than whether it was the right thing at the time. Recrimination and crucifixion gains nothing!

As you say Matt these minor figures are not worth disagreement and you are quite right over the .5tcf point in fact this share last spring went to 7.9 on the sniff of 450ish BCF and now we are going to get that with free production carry this hare has an exciting future imo.

Regardless of where peoples views on the management are, good or bad, it is the future that counts

Hi matt with respect I did clarify what I had included and that cost would depend on the schedule of works which at this point we just don't know other than they are planning to do it!

I was therefore only able to produce the figures based on an assumption. If the drill and pipe is done plus production to 40MMcf/d before the seismic is done for instance.

The point for me was to show that APT are not going to be immediately stepping in and getting a higher percentage of profit than ourselves. Which ever comes first, we will get those carry costs or the cash from profits.

If the total spent is fully used then APT will have spent $105 million and if no return is coming at that stage then Aminex had Bob Hope of going it alone and as Jay said at the meeting we would have been in a perpetual state of drill raise, drill raise which would be no good for any of us.

P0werplay - In some aspects you are right because I certainly do look at the positives. I'm not one for leading a negative life of doom and gloom but you are wrong in assuming I am not or was never aware of the state of play. It was and should have been clear to everyone to see that the Kiliwani issue was bound to have an affect on the companies ability to progress without further finance but I see no need in jumping up and down shout that from the roof tops only to feed the shorters and traders with ammunition. (I believe they carry far too much influence on here already without and don't need my help) It is my belief that had those Kiliwani issues not arisen then we would not be in this position. IMO it was clear from Jay's reaction that it was and extremely hard kick in the teeth to take for the company!

Now it's extremely easy to hold and inquisition and hang drawer and quarter somebody from behind a keyboard but many of the most vociferous people on here were nowhere to be seen on Wednesday and therefore did not witness reactions and natural defensiveness to some very tough questions put their way, but the real point here rather than dig at those people is to say there is no point in such an inquisition because it's too late to change anything. So all the moaning and whinging in the world will only damage everyone's confidence. In saying that, I would go along with the question as has been put... Will we need so many on the BoD in the future? For instance once this deal is tied up, do we really need our own permanent legal man? Once Kiliwani is sorted will we need our drill specialist on a permanent basis? Can the board be paired down even further as we step into the realms of being at least in part an investment company?

As things have panned out some of these naysayers predictions have come true! Luck or judgement, it doesn't really matter because right now, we are where we are and now, it is where we go that is all important.

As you will see from my blog, I am getting right behind the deal offered even though I think it is way below what I was looking for and I have laid out my reasons on there...

"Aminex Farm Out Deal Analysed & CEO Interview" https://aminexunofficial.blogspot.com/2018/07/aminex-farm-out-deal-analysed-ceo.html

Good luck all. I still think we are in for some very exciting times ahead and feel this deal has put us in a position where there is much better chance of success than we had in going it alone.

No I'm not wrong, I'll make my life change here for sure and it will be it the right way.

As for obsession, your own one line posting record will tell everyone all they need to know

Tarry only the BoD can remove a CEO. he is in a paid role and is hired by the BoD to carry out it's business. A CEO is not normally an electable position unless Aminex M&As rule otherwise. Personally I wouldn't support any attempt to remove him

Sounds like someone playing the same old toons and singing with forked tongue. Yet another one that is all mouth and trousers and no balls to get up in front of an AGM A million one liners and actually says nothing of any use to man nor beast, come back Ron all is forgiven.

For a start we have a noisy crowd of traders joined the BB and that is about all that has changed in reality. The SP is more or less as it was prior to the announcement. What made it spike and fall? Overreaction and pump&dump traders made their money now talking it down to buy ready for the bounce! So, what happens when the dev licence arrives? up we go. What happens when we spud? Up we go. What happens when/assuming successful drill? Up we go What happens when the pipeline begins construction? Up we go All these events can now take place within a year now whether we hold 5% or 100% it will not stop the herd from coming on these events and of course after each spike come this current mob. They did it last year and they having people on the run again now. Smell the coffee people don't be fooled by those dipping your pockets

QT as Pete has said events overtook the original questions which all but went out if the window. There are some Negatives without doubt but there are some very positive aspects which I will try to clarify before posting. Meanwhile there is little point in posting anything positive while this BB if full of never been seen before idiotic posters trying to rob genuine holders blind.

Well I'd never have caught on to that These two or three post wonders are catching on fast yet strangley they remember each others posts almost word for word after they have been removed at least a week earlier. There are things to discuss here for certain but sensible people will be aware of there sort!!! It's very easy to **** off the management with a keyboard but where were these people yesterday at the AGM? I didn't see many of you there standing besides myself and other sensible guys from this BB as we fired questions at the BoD

All these people shouting useless have been saying same for months but they are all still here. Yesterday morning when it was flying what were you all saying?

Short answer John is because people are whinging wining and ****eing themselves into a frenzy as usual without having analysed the deal properly.

I'm afraid you are being played by the traders right now and many of you are doing a really good job in helping them

trrime you are now behaving like a complete and utter **** and you are out of order

You cannot make those sort of accusations online no matter what you feel and all I am seeing on here from you is *****in moaning and whinging.

Have you actually sat down and done the sums? I think you should.

I have said earlier that I think the deal was the right thing to do but I felt the price should have been higher which I still do but I have actually done the sums and when I've had them checked over tonight, I will post them in the morning

It is now my feeling that our Bod have made yet another communication b@lls up in their RNS in that they have not explained things correctly leaving themselves wide open to the criticism they have faced.

If my sums check out, then while we may have got a better deal, the one we have is still an excellent one

I can clarify that Max as it was my question where I asked if the 60 days was applicable as I have been banging on about for twelve months was in fact the case as per the PSA agreement.

I am pleased to say that he clarified that I have been right all along on that issue which was asked in a way to see whether the Tanzanian government had been holding it back to get this deal and he declared absolutely not.

He qualified by saying that the GSA once terms had been met was done within 21 days so he implied that he was expecting similar once matters were agreed. He also said the Ministry have put together a negotiating team to deal with the matter and they are working on it.

So as I suspected all along, it is not nor ever has been an "if" but it is a case of "WHEN" it will be granted!