Member Info for Drewky

Without doubt Matt is working on Acquisitions as he confirmed to me a couple of weeks ago when I asked if he could show us a map of the remaining 22. The info is too sensitive to reveal while negotiating acquisitions IMO things will only get better here and one day it will get noticed and really take off.

Fair comments and I assume the GSA would be re-negotiable after a period of time to allow for increases. Which leads me to the question about the Dev licence. I assume there will be things written into it that AEX have to fulfil so would it be likely the dev licence is granted for a period of time as with the exploration/appraisal licences, or would it be a one off? Personally I would expect it to be for a set time period but if you know better? I'm happy to be corrected

BG. The development licence is an agreement to develop the field whilst the GSA is what sets the price paid for the gas. I believe they will be two different agreements

Please don't put his name in lights The blokes got no patience and I doubt he's even interested. He's deramped Solo, Aminex and now at it here and been niggling at Matt on Twitter for last week or two. He's been in my file 13 on here for a while cos there is no reasoning with the fella. I'm on here to have discussion, not to read people moaning and whinging day after day and that is all I have seen him offer!

I'd love to see a live feed at Chikumbi_1 of the events as portrayed in this 2013 video https://www.youtube.com/watch?v=ydFzV6h_ERk Imagine the interest if Camerco could get it's act together and promote the event properly. I found the flare off moment quite exciting even though I have no interest there and I feel sure seeing that would almost certainly bring massive interest

Then somebody needs to kick the mms up the @rse because these stupidly wide showing spreads have been there for months. We know the actual spread differs but it's the headline that people see without further delving into it s its bound to put all but the knowledgeable off. Frustrating to see news like this mornings only attracting two buy trades so far

Just 200k. This share need some serious PR to make it move

Lots of permutations kenrun and highly likely each will have been discussed. The sort of T&Cs and sums being dealt with also mean that negotiations unlike expected on here sometimes, are not concluded over one cup of coffee. It's been a very long year waiting and patience has run thin for some and disappeared completely for others. Here's hope the AGM switches the light on at the end of the tunnel, finally letting the dog see the rabbit.

In reality it has only slipped to where it was before it spudded so apart from losing a well no real damage. The way I see it is that it has not gone lower because of what is to come so it's just a hiccup

It seems Pete that whichever way we look at these things we always find more questions than answers. Hopefully the AGM will put us all right

Then do yourself a favour willow and stop looking for the worst in everything, it won't do your nerves any good

I think we should wait until the AGM before putting out scary predictions willow. As I said last week when you tender to provide a service or do some work you price it up based on a time scale and you wouldn't commit yourself to a price this year and hold it to next. If the tender is sorted by end of June I think we will safely see a drill this year. August the earliest I would think but maybe Nov/Dec.

So where do you get the idea we will have a three way operation? The why I read TPDC suggested to apply for a completely new license rather than extend a previous one. I'm guessing may be for longevity reasons as I imagine any extension granted would be for a shorter period of time than would a completely new one. Personally TPDC recommending such things could be seen as a positive. It has already been clearly stated that they intend to drill this year and that drilling Ch1 is not reliant on the licence. So what in their statement tells you it's going to be 2019? You also say "ntyora will need 3 wells to warrant a pipeline so the tdpc will want that well drilled before the license is issued" well for one thing they already have two of them drilled and for another TPDC as we understand have already agreed the development licence and have recommended the application for government approval. I say that with conviction because it is a clause in agreement ment that TPDC have to approve all applications first. Therefore it is the redtape of governmental haggling that is the likely hold up and perhaps not that of the TPDC

It's a fair point but I certainly hope we are not waiting that long for Ch1

But Tarry took his pick and started to dig a fortnight ago. I'm surprised nobody opened a book on who would reach target first

Now therein lies a good alternative and logical possibility and though it would be really nice surprise to see requirement for 4 & 5 to follow quite quickly, somehow I can't see that happening for a variety of demand reasons. TBH I would still think we may be a year or more after CH1 before they are drilled. Like everything else the devil is in the detail we are not yet privy to.

The crap Pete is you are not reading what I am asking and you are fixating on the word oil :-(( I shall just have to ask the horse at the AGM

Did I say there was an urgency? NO! I said that AEX have applied for Environmental approval and they have got it! I don't disagree that they can now do the surveys as and when the need arises! My point was that it is highly unusual for AEX to work ahead of themselves and I, just like you, cannot see the need for doing seismics in the near future. I am therefore questioning why they are getting these permissions sorted so early because it is out of character with the companies usual pace. Your second paragraph supports me because as you state we have much more to do before this happens so again why apply so early? unless as you say on the off chance we do find oil, but again I guess we could be perhaps a year away before any action if so. I am also assuming all of these applications for licences and permits etc have to be paid for by AEX so if cash strapped why do things so far in advance of need? I'm not saying there is oil but NR made a big issue over the fact he felt seismics should be done and it appeared the two bods disagreed over it! I am looking for the reason why the bod have gone ahead of themselves on this, no more, no less. As said it is out of character for them! We know they are targeting oil and searching for more potential oil pockets was the only potential reason I could think of and I was asking people their thoughts on it. My thoughts are not cast in stone anymore than anyone else's and I may well be totally wrong but if I am, then the WHYs in my questions have not been answered. Why Now?

Another point is that they have applied and got the go ahead before we've drilled Ch1 and arranged this farm in which I assume will pay for it and when we look at the pace of things this last year, since when have we moved that far in advance?

Not trying to fantasize it Pete. I was looking for an explanation as to why we are going to spend that money now. It is clear that they intend to do it but we all know we don't have the money for it. As I said the drill locations were marked out and I accept they maybe moved and in fact in my question I did leave that possibility open however CH1 seems to be sorted and even you yourself have been questioning why the farm out now? The reason you ask is because you don't know and I am looking for some logical explanation because I'm with you, I cannot see why they are doing it now.