Member Info for Drewky

Ha ha willow? Where is your money? Solo you say, and you say solo is reliant on Aminex? And you finding that funny with your own money riding on it tells me you yourself shouldn't be invested. You do come out with some rubbish at times. BTW "all valid points" did you also not see that end of year showed almost $9m cash and receivables? Can you point to a factual statement that says acacia had a fantastic relationship with tpdc? Probably not but you are sure because it popped into your head. Jees

Well yes major you have put some negative points and you ask where $19m has gone but forget to add that we have almost $9m at the end of 2017 so around $10m would be the real figure you ask about. Considering we have completed a drill, conducted a CPR and brought in consultants for basin modelling and route to market I don't think we've done too bad at $10m. As for Chikumbi1 without doubt they can drill it this year if they want to and the fact rig tendering will be completed within next two month's indicates they will. The AGM has been put back and it is believed because the farm out talks will be completed prior to this. It seems to me that the timing is all coming together but you make your own choices based on your own research.

It doesn't westie but I take the view that I am happy to see content that is factual be it up or down. I don't like down but if it's fact then that's fine. Negativity simply destroys moral of those who use it and those who read it and of course it is the same favoured tool of those that have an agenda. Positivity lifts spirits and is a good thing provided it is not full of bullshit and wild claims. I think we are all pretty sure we are going to see an upward ReRate here soon but we are waiting for that production to begin and until it does............

if no sorry big IF. I see surely is back with his Sunday bullshit program. Wonder when his buddy will turn up? Not long now I don't suppose but there you go by the end of the night they think we will be slitting our wrists at the thought of the sp crashing first thing. News for you guys. Investers do there own research and don't listen the shite you spout and tbh they don't listen to the outrageous claims of gold tomorrow either. What will be will be and it's a calculated risk we all take so don't waste your time. If (that word again) you want to put thoughts forward at least let it be fact and not fiction from your own stupid minds.

Grasping at straws there killer... Signing a contract that penalises unfulfilling of supply when the customer controls whether you can make that supply or not? Not a contract I would sign but no matter your 2p talk tells everyone what you are all about let alone your Monika.

Pete as said not 100% sure about the effect on others and on second thoughts it may not but in doing some research I've come across this techie article re compression and simulation. It maybe of interest to those who like to know how things work. http://gasprocessingnews.com/features/201410/optimize-compressor-parameters-for-reduced-inlet-pressure-and-gas-flow.aspx. My original thoughts were that maybe it would force others to re regulate their systems to cope with lower inlet pressures. The above document is helpful in one respect but not conclusive as it doesn't refer specifically to the processing plant. I'll keep looking.

I think we need to see full value whatever that maybe. It has its potential good points but it's all about a good balance to make it work for us all. As you say Vike with out full and proper explanation it will get a thumbs down from me if I sense any sign of a low ball.

I seriously can't see that Haggis.

Caveat or not there is nothing "certain" as you stated. My philosophy is that anyone brave enough to invest and I mean invest in any share deserves to be rewarded especially me ;0))

Sapphire don't fall into that one. I happen to watch Doc but I wouldn't jump in the canal just because he did. Always DYOR

Destitute don't come one here spouting your own speculation as fact. You may ultimately be proved right but may also be not, so to say it is "certain" is scandolous scaremongering and nothing more. THE FACTS CURRENTLY STATED as having enough capital for the rest of this year. Fact not Fiction always goes down better old son

One of the guys said yesterday the vast percentage of arbitration cases are resolved within 12 months a much less amount within 18 and a tiny amount beyond that, however, look at it this way. There are 24 drill ready sites to go at. It's been said the aim is to do three this year starting with a back to back in early May so I think we have plenty to look forward to in terms of upward pressure on the sp. When Egypt is finally sorted it will be the icing on the cake and we will perhaps still be only around half way through those drill programs. Imo, we have more than enough happening here to make investors happy.

Now I don't know the answer to the physics' of this but the logic says if we were to perferation the other 40mtrs we would potentially double the original production. Downside it would be depleted twice as quick but if that is a possibility then could this end up a blessing in disguise bringing extra revenue covering all our costs as we wait for Ruvuma to monetize? Another point to Pete on the compression. The RNS made it clear to me with regard to the inlet pressure and my thoughts are now that using compression was not certain to build the pressure above the inlet level and this would be perhaps why they required TPDC to agree to lower the pressure for a greater chance of success? That being the case I can understand any reluctance by tpdc as it I think it would be likely to effect all others who feed into that system? I understand the delays are down to simulation testing "Since the end of December Aminex has undertaken a detailed simulation study on the Kiliwani North field based on a history match of past reservoir performance" Like I said these are techie issues but I do know a little about hydraulics and back pressures etc but not enough to be 100% Over to the gas flow techies.... Help me out guys or gals???

The same perferation prosses would still have to be followed though. They call it recompletion https://aminexunofficial.blogspot.co.uk/2017/10/understanding-how-wells-are-drilled.html?m=0

That's true Haggis but they stated re perferation. Pete. Compression still remains an option even after perferation according to Solo

Like any desires northern they only come when funds become available or of course unless she fancies you ;0)) If they found something really special I'm sure they would consider a fund raise but I feel they have plenty on their plate right now. In saying that there is always the possibility they have something in mind and that this farm out maybe used towards expansion. Imo and in others I know, feel it would not be a bad thing to diversify.

The question is westie, does moaning change anything? :0))

I don't see it as a glitch tbh. More of an update on a dispute that has been ongoing for a good while. In fact it is a positive, in that it is moving onto to a stage where it will be resolved through arbitration. Anyone else think an RNS likely re that early May spud date?

Not sure about the crooked and corrupt bit Haggis but I do agree Aminex appear to have cause of the problem in their grasp

You are welcome. See also https://en.m.wikipedia.org/wiki/Workover The more expensive casing work should not be required if they are just intending to reperforate a different level of the gas zone. From a mechanical point of view they must feel there is a sweeter spot and the expense will be justified. They are the experts so I trust them on this, they will have done the studies on compression and obviously feel this is the best way forward. They must consider the volume remaining within the well is enough to make this viable proposition and that has to be good news. As CP said earlier it could have been worse with being plugged. It looks like we can look forward to further reasonable income from KW now that's worth a party after the hit we took over it :0)) And I will say one thing. The bod have done there work here and should be praised for it