Member Info for Drewky

“Multiple Targets - Gas - Oil potential at the lower level - Oil shows found down dip at previous drill” From CEO previous interviews

"Chikumbi-1 Appraisal/Exploration Well
…. Delineate the cretaceous Ntorya gas field
…. Test a deeper Jurassic exploration target ( - 900BCF Pmean GIIP )"

From Page 8 - Oct 1st presentation

http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

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Anybody done the calc?

If lower level 900bcf is #oil

http://www.kylesconverter.com/volume/billion-cubic-feet-to-million-cubic-feet

= 900,000,000,000 cubic feet convert to barrels of oil

http://www.kylesconverter.com/energy,-work,-and-heat/cubic-feet-of-natural-gas-to-barrels-of-oil-equivalent

155,155,272 barrels x circa $80 = $12.4billion

I'll be just as happy if it's gas down there, but where will that SP go if it is oil? Wakey! Wakey! The potential here is enormous, we are weeks away from the agreements being tied up and as far as we know they still aim to drill this side of Christmas

Tarry its blue! Sit back, enjoy it and stop whining about the past. We have a future here!

Has anyone done the sums on the value of that lower level 900bcf?

I have and gas or oil, it should make all but the ardent bashers sparkle

Short memory Irene Your words Friday 12:01 dishonest

"Clive, What interims are you reading ? Cash is down to 143K, which is worrying, given that debt was increased and some money came in from a placing during this reporting period (see cashflow statement)"

Think was up circa 50% from 90 something

Typical MMs widen the gap on the bell and tick it down - Up 4.48% though has to be a good sign

If Jay is a joke willow then you must be the court jester running around jangling your bells here waiting for him to produce you a tidy profit.

If you bothered to look around you will see at least three O&G that are in production and have sps lower than pre spud and no matter what Mr market says in the price, that can't logically be right especially with the price of oil rocketing over recent months.

There are two reason imo, one is that a lot of people got caught chasing the bitcoin dream and took heavy losses so less money available and two, the shorters & traders are having a field day devaluing perfectly good prospects across many shares.

Steady BG let's not let the truth get in the way of a good bit if stock bashing

Random I am no happier to see it fall than I anyone else on here but the bears are taking this down on a daily basis and are in complete control. Please spare me the deramping dictionary quote "that the BBs have no effect"

There is no need for this to be falling at all right now and it's not a matter of defending the board because, I also disagree with the wage rise but there is no justification for the drop Friday or today because everything is where you have all told it was going to be.

We have been given a an update on a potential 900bcf target at the lower level, along with the possibility of TPDC paying for the pipeline, which should be a good things that would help the sp but no, all that people can say is the bod get paid too much and they continue to look for the negative in everything.

Tell me, when this all comes home to roost and we are bringing circa $40 million per annum home, will you still all be whinging they are paid to much?

I doubt it, in fact I'd bet many of these ids will disappear into the sunset.

Going back to the increase what many here also forgets is that that increase is for 2017 and was paid 2017 and they could justify it based on the income gained from Kiliwani at the time and the successful find at NT2.

My personal reason for not liking the increase is because I believe the fat cats are paid too much throughout business and for the future as we stand up to this point in 2018 I would be fuming if they were to take a rise this year and even support a call to take a cut if it remained at this level come 1st January.

However, if they do come home with the bacon, (as they have put forward before Christmas) then again they will be able to justify it by any added shareholder value if we attain an sp over 3.03p which was where we started the year.

What's up willow did somebody give you your own medicine?

Can't take what you like to dish out on other bbs?

For everyone else's sake, I wish all genuine holders well here!

That would make an awful lot of sense wouldn't it?

Let's just do Kiliwani and all in the garden will be rosey eh? Lets put the farm-out on hold because it along with the 25 year dev licence, the drill of ch1, the pipeline and production wouldn't do anything for the sp would it?

Of course you are right let's stick all our eggs in the Kiliwani basket and while we are at it let us now start rumours we are going to do a placing and the world is coming to an end.

Honestly some of you guys are a joke!

Why would it fly willow you keep telling everyone on the aminex bb that its rubbish and going to do nothing. You should remember if Aminex goes down, you go down too.

Tumbleweed

As usual willow you are just being a gobshite! It's not a dreamy scenario to say what is printed in black and white

Where is the dream about this...

"Page 13 onwards shows options for the TPDC to build the main pipeline and how it affects Aminex carry.

By including this in the presentation it obviously is still an option under discussion whereas it seemed previously that the JV was going to have to build the pipe at our cost"

It is a fact so I suggest you learn to read and come back when you are out of nappies you deramping agitating idiot

Something I missed first read through it is interesting to read page 13 onwards shows options for the TPDC to build the main pipeline and how it affects Aminex carry.

By including this in the presentation it obviously is still an option under discussion whereas it seemd previously that the JV was going to have to build the pipe at our cost

Where did I get that T from Doh!

Extension of Mtwara licence supported by TPDC & PURA pending ministry approval

25 year development licence which was also supported by TPDC at ministry stage.

It wouldn't surprise me if all comes in one go but I suggest the smart move for the sp would be to release the news days apart.

BG I agree on both counts at this stage as the farm-out was shown on Friday to be dependant on the licence there would be little point in an EGM until it's in the bag.

I'm encouraged by Friday and todays presentation. I also thought this could have been put out as a tweet rather than a costly RNS but perhaps that 900bcf figure added into that lower target could be read as an sp changer

That's a strange comment random because I thought you were one of the many on here that denied that the valve change was even a part of the remediation work at all? (Apologies if not)

I'm glad you recognise that it is though.

As for thumb twiddling who knows? Whatever the process is it takes as long as it takes and as we were clearly told qtr4 was when we would re-enter the well and that starts today I don't feel any of us have the right to complain about that for another 90 days.

OK, I know some will jump on it, that it has already taken too long and I agree far longer than we had expected but as far as I'm aware, this is the first time we have been given targeted dates to work with, so we should give them the chance to see it through.

Certainly does and gas would be fine but if that does turn out to be black stuff we'll all be laughing. Kiliwani also confirming remediation work is underway "Company engaged in low cost re-entry of producing well to restart production" Good news today

Agree the HY report is out of the way although I find what was in it, was nothing worse than expected, hence there was no race to dump shares. From here on, barring the TPDC throwing the baby out with the bath water, what news is to come should all be positive imo, so I don't see much downside from here and each little piece of news should bring sustainable increases of varying amounts, leaving less room for the traders to manoeuvre.

Near term news due in expected order....

2018

EGM Circular (October)
25 year Licence (Oct/Nov)
Farm-Out Completion (By end November)
CH-1 Spud (Target stated December but possibly early Qtr1)
3D Seismic (As above December or early Qtr1)

Kiliwani remediation news (anytime during the final Qtr)

2019
Pipeline spur to Mdimba gas plant construction

I do agree but you said it was down and in fact it was up from 90something now unless I'm mistaken that is deceitful. Coe also pointed that out to you but you chose to gloss over it with a knock at cash leaving company. If you have a point by all means make it but don't be dishonest!

However saying cash is down to £143k when is in fact up is blatent deceit. But why let the truth get in the way. Jeez