Member Info for Drewky

Can only give a personal view on that TW and imo it is more when, than if and although we are all hoping that it will happen on schedule in the next few weeks, If it doesn't, I will still continue to believe that to be the case based on the PSA documents excerpts follow in the next few posts or as a whole read here... https://aminexunofficial.blogspot.com/2017/07/tpdc-model-production-share-agreement.html

Part 1

ARTICLE 9: DISCOVERY, APPRAISAL AND DEVELOPMENT

(a) If Petroleum is discovered in the Contract Area, Contractor shall:

(i) prior to notification to any third party forthwith notify TPDC which will thereafter notify the Commissioner;

(ii) within thirty (30) days after the date of such discovery provide TPDC and the Minister with all available information regarding the discovery, including a preliminary classification of the discovery as Crude Oil or Natural Gas to meet the requirements of Section 31(1) and 31(2) of the Act;

(iii) within ninety (90) days after the date of such discovery provide TPDC and the Minister with all information to ascertain the chemical composition, physical properties and quantitytomeettherequirementsofSection32oftheAct;

(iv) within one hundred and twenty (120) days from the

date of such discovery, also notify in writing to TPDC and the Minister whether or not it considers the discovery of Crude Oil or Natural Gas is of potential commercial interest;

a. if the Contractor notifies TPDC that the discovery is of potential commercial interest, the Contractor shall at the same time notify TPDC whether the discovery is of eventual commercial interest ("Eventual Interest') or of present commercial interest ("Present Interest");

b. if Contractor informs TPDC that, in its opinion, utilizing Best International Petroleum Industry Practices, the discovery is not of potential commercial interest as a standalone or as part of an aggregated production, then the Contractor shall relinquish the said discovery comprising the geological feature (as outlined by the relevant seismic data) in which the discovery islocated;

(v) if Contractor informs TPDC that, in its opinion, utilizing Best International Petroleum Industry Practices, the discovery is of eventual commercial interest orpresent commercial interest, the Contractor shall submit to TPDC an application to the Minister for declaration of a Location to meet the requirement of Section 33, and the Minister shall declare a Location within thirty (30) days from the date of such application. The Minister shall be advised to agree to declare for a Location to allow the Contractor to retain the Discovery Block and not more than eight (8) adjoining blocks within the exploration area

(vi) If no application for a Location is made within one hundred and twenty days (120)

I imagine every lth wants to see that but meanwhile knowing demand is growing and government is working through licence applications is encouraging

The United Arab Emirates’ RAK Gas has signed an oil and gas production and sharing agreement with Tanzania’s semi-autonomous region of Zanzibar. Headline just in from Reuters.

I wonder if it is the same minister dealing with these things? Just how autonomous are they? As we had news last week of other agreements it seems like ministers are going through various agreements at the moment. Let us hope we are next

Forget about Stiegler's dam, Tanzania to eclipse Kenya in power generation with upcoming gas to electricity plants in 2019

https://www.jamiiforums.com/threads/forget-about-stieglers-dam-tanzania-to-eclipse-kenya-in-power-generation-with-upcoming-gas-to-electricity-plants-in-2019.1500812/

Rural energy programme lights 227 villages in Simanjiro

http://www.thecitizen.co.tz/News/Rural-energy-programme-lights-227-villages-in-Simanjiro/1840340-4825996-ps4yqd/index.html

Building of Isaka-Kigali railway to start in December

http://www.theeastafrican.co.ke/business/Building-of-Isaka-Kigali-railway-to-start-in-December/2560-4827162-aucmq0/index.html

Considering the Armageddon drama that happens here if the CEO sneezes, then nothing should surprise anyone.

As it is, it seems to have had no effect either way.

Just seen it. Pleased not to be holding there at the moment. No explanation to go with it leaves room for too much speculation. For holders sake hopefully it won't hit the sp hard

That may or may not be the case Willow but that is not sad that is something to look forward to. Right now the demand is set to outstrip supply in the short term with no one other than Aminex to fulfil the need. The beauty of the industrialisation program is that it will bring jobs and the wealth to the people which in turn allows those home connections.

I see the 2025 that is being spoken of is a stab in the dark guess based on an unscaled graph. Oh well anything to make things look bad is allowed eh. Shame facts aren't allowed the same credibility.

$35m ish per annum lasting until 2049 now that would certainly allow for further exploration at Nyuni and diversification that the management and many here seek.

Personally I hate shorting and would like to see it banned but I don't hate the shorters as it is a tool for them to use. What I hate are the lies and deceit that many of them pedal in order to spook people into selling or convince potential investors they are looking at a bad company. Of course the same can be said of those who pump the hell out of a stock using similar tactics. Neither are any better than thieves imo.

Ffs Tarry shall we all pack up and go home? Or shall we just slit our throats now? For someone who is supposed to be holding at a loss I'm surprised you haven't hung yourself by now. Jeez

Net cash was the indication Jay gave in an interview and at the AGM and he stressed the point. I've seen nothing since to suggest otherwise

That is all there is left to get the deal done as they expect. 25% of Ruvuma on a Full carry to a FFD spend of $140million projected to bring up to $35m per annum cash revenue until 2049 EGM notice should signify the granting of the licence on which the farm-out is contingent. Very close now. GLA

For all that knock me for my optimism I can only say that it comes from the information I have to hand. Everyone has access to that information if they care to seek it out and how they interpret that is up to the individual but I live for the future and make my judgements on where we are now and the potential of where we are going! Not where we were. I look at the past and take it into account but I don't allow it to unduly taint my decision. If I found this company for the first time today and had all the background knowledge I currently have, would I invest in it? Yes I would but that is my risk. That for me is the same question everyone should ask themselves and they should buy or sell on the strength of their own decision.

Lol. Considering there has only been one other buy of 1m shares since mid July then it is perhaps something worth running naked around Wembley stadium in celebration for ;0))

That the constant talk on here of this share being shorted will be off putting to those looking in here with a view to investing? I've held here since 27p and sold after spike to buy in again below £1. I'm extremely confident of the companies long term future but to be constantly told shorters are in control would put me off from buying at this point in time. Until we get news that blows the buggars out of the water then I don't see much changing but to give them so much free advertising makes no sense unless of course one has a vested interest in promoting it.

A very quick response and nuff said from me

Firstly I said "Huge Potential Upside" I did not say huge rise at any stage.

Secondly I said "Should begin in less than five weeks" "BEGIN" being the word and as the farm-out is expected to be concluded by the end of November which will mean the calling of the EGM will need to be done in little more than two weeks. That being the case it will almost certainly signify a licence has been agreed so I am quite reasonably asking the question about the BEGINNING of the upside being within that five week period. Of course it will take 18 months and longer to fully realise it's potential and it doesn't need a genius to know that but that wasn't the question.

The beer is good thanks :0))

Strange to hold when you have no confidence and can look me in the eye and say "this is not an investment with huge potential upside that should begin in less than five weeks".

I didn't like history lessons or programs when I was at school and now I do take some interest in it I find it was often manipulated in its teachings. I much preferred science subjects and programs like Tomorrows World that gave us a clue about what our future might be like.

History back then taught me that Winston was an untouchable hero that no one would have bad words against but he turns out to be a chap that made lot's of mistakes, so perhaps that's why he said what you say. One of his big errors was that he couldn't make his mind up which side he was on... Conservative, then Liberal then back to Conservative! A bit like traders who flip from one side to the other I suppose. What was it he said to excuse himself... “Anyone can rat, but it takes a certain amount of ingenuity to re-rat” He maybe right but those around him saw what happened and they remembered.

Time for a beer enjoy your history weekend. All this will be history before you know it :0))

OK thank you, at least I am very clear on where you stand right now.

Can I assume you have or will be selling your shares?