Member Info for Drewky

Not sure of your point Willow it seems that was a criticism of Tanz government and their pace they do deserve some of that, but my point was; it is AEX who must have applied for the (EIA) which was approved by (NEMC) so it is our intent to do those seismic surveys and my question is why now? Why, if we already know where the next 6 drills are going to be? (They have shown us the locations already). In my view there can be only one reason for spending that sort of money and that would be to chase the oil because there is surely no rush to do it otherwise? I wondered if others feel the same

"The tendering process for a rig to drill Chikumbi-1 is due to close during the current quarter with an expected spud date later in the year, exact timing of which will be dependent on rig availability." Just looking again at this because it occurred to me that once the tendering process has been completed the Bod and engineering team will have to sit down to consider the best options and so we may not know the outcome of this before the AGM or even later. In saying at 9th April that the process closes during the current QTR means it could already be complete and awaiting the Bods decision so, although it seems unlikely on the last years track record, we could also conceivably get an update on this at any time. (Tuesday Please) Further... "The National Environment Management Council (NEMC) has approved the Environmental Impact Assessment (EIA) status for the acquisition of further 2D and 3D seismic data over the Ruvuma Production Sharing Agreement acreage, focusing on the Ntorya discovery area." As the NEMC approved an application there is an obvious intent to carry out these further surveys. I would ask that as we have already seen the road map through to NT8, would they be doing these surveys to better target those drills or are they looking for more deeper potential oil targets? Point being that if these eight drills are mapped out as shown in the presentation, then at the pace we have been going so far, what is the point in spending money at this stage searching for more unless of course the chase is on for the oil?

I don't disagree Dahmed I think we would all like more but let's be consistent, it is no good just moaning about this when we have a poor day and brushing it away when we have a good one. In any case, you know as well as everyone else does, that the official figures will be out shortly and if he were to put out a figure that is wrong one way or another, then he would be ripped to pieces for misleading the market. He has given an indication of the way things are going and I don't think we can expect more at this time tbh

Bee have

Take the bee out of your bonnet Pete, It's Friday :0))

You are welcome Mooncheese I do a blog if you want some further research. Not much on it recently to note but plenty still to go at for research. https://aminexunofficial.blogspot.co.uk/ We are basically waiting for events to move on at the moment with Rig tender due for completion end June. Farm in details expected to be concluded early H2 AGM July 11th and Dev licence awaiting approval & remediation update on KW1. Good luck & welcome

That would be my point too Pete, whatever you were told and I don't doubt you for a second. If the RNS says he was then that was the official position at the time. Like you, I think it unlikely there would be inside information passed across from board level as you say it would be far too obvious but its dead and buried news now.

If AEX can prove as they say they can, then it should be a situation cleared up fairly quickly although TPDC I understand have made these claims against many companies. If it is a computing error as suggested then TPDC will have to get to the bottom of that error before removing the claim against anybody. As this is a financing matter not specific to AEX then I see no reason for a hold up because the TPDC has already recommended the development to its government and it is now in the hands of the ministry.

I agree but its still a 12% swing in reality as I said and it wouldn't be enticing me so easily

What chance of attracting some volume when it swings from 7% up to 5% down Crazy!!!

Seems I wasn't the only one to see this as a bargain this morning. May end up a blue day

Matt explained in the Q&As that the paperwork for that is being prepared at the moment

Amoeto I stand by my call that it was a bargain at 3p - It is an even bigger bargain right now and may even prove to be better one in the near future. Please don't blame me for the fickleness of investors, if they can't see what I see that is not my fault. I'm not blind to what's going on but I'm not stupid either and right now I am weighing my options on how to enable me to load up. You do what you have to, but everyone is a grown up so they have to make their own decisions and accept for themselves the consequences if they make the wrong choice. It is no good moaning and whinging on here about it!

On these volumes and the fact it's draw out day for the bank holiday beer money, I can't say I'm surprised. What a bargain though right now

Wryape there are a few I would gladly stand and hold the door open for :0))

On what grounds do you suspect such fishes? The mere fact they want to farm in told you right from the off that they want some benefits from it otherwise there's no good reason for them to do it. Will it be to our detriment or to our gain? I say it will have to be to our gain in order for it to happen but it's the quid pro quo and as has been said many times to the same question the devil is in the details of which we still wait. Not long now Northern

Think you may be right �2k buys against �39k sells and spread never moved at all

Hopefully first half he said 37 days to go! We need to remember this one is not massive but it will start the cash rolling so baby steps towards Spain

No they would know, they'd have more chance of finding an oomagooly bird first

There is a rumour that they are all dead so one is taking some finding