Member Info for Drewky

Well rdajee anything is possible but the negative folk on here would have us all believe that it is factual and we are all destined to lose our money.

Strange thing is those negative folk tell us they continue to be invested in here. If they were so good at predicting that the share price would continue to fall, then they would have sold out and bought back in later at a lower price!

Oh hang on a minute, isn't that what a fair few have done and come back with different IDs to keep the downward pressure on? Nah nobody is that cunning are they?

Don't answer that one, yo will only make me laugh.

You are right about one thing though, it is the licences and the actions taken between now and Christmas that is what will make this move in the right way.

Could all start tomorrow or maybe even Monday

Last I heard they (wrl) weren't going to be drilling until 2022/24 and won't have the capacity to meet forecasted demand.

Even though we assume the required document is not yet signed, the plans have been made clear so until the milk gets spilt then Aminex will remain in pole position.

Can just see what will be said already if the RNS doesn't come later today or tomorrow. There will be no need to read it as it's been said daily since April but I can't complain if they let us down on the September date! Right now I have a feeling we won't get one but if not, it still won't change my opinion on the being a strong buy at these levels.

The trade winds that is. Some of you guys literally change opinion with the wind changes. You traders have no morals at all and will say any old shyte to make you a few quid while you rinse & repeat.

Mind you at least you guys who keep the same id are obvious to those who watch the BBs and that puts you a level above the scum that hide behind false IDs

Whatever. yadi yadi ya

"We won't rush into signing contract with investors in extractive sector, reveals the minister"

Not a great piece of news in headline but from the full read it seems mainly aimed at the majors over the LNG situation. As I've said before it does seems like a hard ball game going on over the issue. Does make you see why we are constantly delayed though. The contract approvals are down to government timeframe and the companies have no control over that sadly!

http://www.thecitizen.co.tz/News/We-won-t-rush-to-sign-contracts-with-investors-in-extractive/1840340-4779880-10t1ha3/index.html

It maybe cheaper long term but how long term is that? It will take ten years to build and then it has to be paid for but it hasn't even been given the go ahead yet! They also have world heritage on their backs so that could delay things further. I don't know what teeth they have and their bark maybe worse than their bite, but these things tend to slow progress down.

We have enough gas in Ruvuma, expected to last to 2049, but I would suggest the cost of the dam will still be being paid for after that and as the writer says, the rainfall is unpredictable over there and although I'm not a believer in man made global climate change, many around the world are make their long term investments based on the unpredictability of the potential changes!

For me the bird in the hand is the gas and right now the dam is the two in the bush. I really don't see it as a threat to gas in the near or medium term and as Fantom says you can export gas!

As for my ramps about G6 you are wrong because I wasn't impressed with the figures at all so it shows where you are talking from. Your only interest is to discredit and you are not very good at it.

I'll call you out right now Weyland (@abudhazller) on the ADVFN thing you are an outrageous Liar, I have one account on here, one id and I don't hide from anybody behind fakes ids.

If the moderators want to check my ip address, they are more than welcome but I wonder what they would find about you? Wonder just how many ids they would find! Oh well, you ain't worth the effort, your sort are two a penny, so as I said to you on twitter bye bye @abudhazller

Interesting read on Stiegler's Gorge Dam project

https://allafrica.com/stories/201809260489.html

"It will likely take over 10 years to build."

"Given the project will cost upwards of $3.6billion, it is crucial to ask if this dam is worth it: Will it really address Tanzania's development needs? The Stiegler's Gorge is planned to produce 2,100MW, over double what the country currently uses. Models independent of the government predict that with plans for electrification and industrialisation, Tanzania will need ~2000MW by 2020, which the country is already due to exceed with gas projects at Kinyerezi. Will Stiegler's Gorge therefore become a white elephant, a large electricity project without an economic use?"

He doesn't really want it Mather He just trying to intimidate into not posting it

4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C

io commercialisation study est. $143m spend to recover 3/4 tcf based on current gas price, $3.27/mcf is worth $25m to $35m cashflow per annum to Aminex from 2020 to 2049” "Fully covered"

FARM OUT - APT committed to spending up to $110milion on the full field development of the Ruvuma project which includes a committed spending of $40million to Aminex. $5m cash & balance $35million paid as full carry up to 40MMscf/d at which point any unspent remainder will be paid in cash from gas profits.

APT to acquire 50% of the Ruvuma project with Aminex retaining 25%. Solo Oil hold remaining 25%

“APT will establish an early production system to achieve an accelerated first gas to a MINIMUM gross rate of 40MMscf/d by Qtr1 2020” representing full carry to minimum $10 to $12m p.a. cashflow “Not revenue – Free Cash”

"Much more expected! Not worth building a 30Km pipeline for just 40MMscf/d"

Adding the Solo share of costs $35m gives $140m total potential spend & brings full carry to profitability as per “io” projections

"Any further spending will be self-generated"

**“Chikumbi-1 well pad is complete - planning to drill this year” RIG TENDERING COMPLETE

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

“Planned around same time” APT will acquire 3D seismic data over 200km2 to optimise drilling targets

Based on results of CH1 and 3D seismic APT will build a 33km pipeline to Mdimba gas plant to allow for maximum gas delivery “planned for 2019”

“Q1 2020 Monetisation to coincide with demand call”

“Plan” Drill CH1 alongside 3D & back with further 3 to 4 drills (possibly 2019)

Full field development is projected to 140mmcfd by mid 2020’s

**KILIWANI REMEDIATION WORK UNDERWAY - FURTHER PERFORATION OF LOWER LEVEL EXPECTED COMPLETE BY CHRISTMAS https://www.youtube.com/watch?v=QQhhGwR4TZo

**Aim to bring drill ready target at Kiliwani South via 3D Seismic 2019 combining Nyuni licences to save costs & provide better Data Quality & Use.

Competitors running maximum capacity & demand forecast to outstrip supply 2019

**TPDC AGREEMENT SIGNED FOR PIPELINE CONSTRUCTION TO UGANDA (Aminex in pole position to supply)

**Pensions funds invest 20% more in Tanzanian business one year sparking further demand

**SADC nations agreed to develop plan to allow gas imports from Tanzania, Mozambique & Namibia

Malcy Comments “Bucket list status assured” "It's in the bucket, it's for a good reason. The value of this asset is high!"

Everything in this list has been produced in good faith & to the best of my knowledge is factually correct & has been published or stated verbally by management with regards to time schedules etc. DYOR https://aminexunofficial.blogspot.com/

To quote another derampers dictionary line... "Nothing said on these BBs will effect the sp"

1. Why are you lot wasting so much time bashing the stock, the company & the CEO?
2. If I am this so called super ramper, how come I've not posted more than a dozen times on here in the last month or so?
3. If the above dictionary quote is correct then why are you worried if I was a ramper?
4. ADVFN why do I need to be on two BBs when I see the same on drivel as you say copy and pasted from there daily?
5. If you consider me to be a trader on one or two transaction across my whole portfolio a month then I'm a trader!

One final question and I'll leave you to play on your own.

You guys always do your bashing with someone holding your hand, are you not good enough to do things alone?

#Teamshorter #Teamderamp everyone sees your game :0))

PS its still a strong buy here

My opinion is quite simple it's based on potential and at these prices it has bags of potential. As for what he was into before is not what I'm invested in. Is that where the chip comes from? Don't bother bye bye

"Whilst Aminex's transaction and subsequent valuation achieved is independent of Solo's own monetisation process, it does directly impact the attractiveness of the project for potential industry partners given the strength of the new operator and its ability to move the project forward through the development phase. Solo is considering all of its options with regards to its 25% in the project, including a more aggressive marketing strategy as the company seeks to complete a partial or full sale of its interest. Aminex's farmout represents a major event for Solo and provides a much clearer route to monetisation of our core investment. Whilst timelines and likely outcomes remain unpredictable at present"

Btw you say no opinion when all you have is opinion If anyone felt the way they do they would sell up and particularly you steely in 9 years you've had opportunities

9 years and only 21 posts, what rock did you crawl from under. Bashers gang in full flow now eh You behaviour really is pathetic guys

If the news is positive I will have something to say but I'm invested here for a rise in share price and not to granny muggers everyone else Anyway how many names to you hide behind? @abudhazler on Twitter Finish your dictionary then change your name buddy, your games are too obvious. Your just another of the chip on the shoulder crew. Bye bye

The moment you guys use the slogan "lifestylecompany" I switch off and can't take you seriously.

It's one of the very few phrases the derampers have in their dictionary repeated day after day both here and on Twitter for any low volume companies. Any hint of positive news is jumped on and we all know why you do it guys but show a little integrity.

I advise all others to switch off ignore the stock bashers and DYOR

Currently 782MW from #gas & "government's ambition is to generate at least 5,000 MW in 2020 and 10,000 MW in 2025"
https://allafrica.com/stories/201809260403.html where is all that gas going to come from @TPDCTZ Could it be pole position #Aminex by any chance?

That is my view too GL. No matter whether our news is delayed or not, I will be sticking around because there is so much going on that is going to need the gas.

Another nice bit..

"Oil and Gas sector is an important aspect of Tanzania in achieving our sustainable development goals and boost growth in our industries. The government through Tanzania Petroleum Development Corporation (TPDC) plans to distribute gas to 32 industries in Dar es Salaam and 50 industries in Mtwara."

As well as bringing any news forward on a daily basis, I'm now blogging a weekly news review which I will try and get up by Wednesday every week! It will contain the links to the news items for those that have missed them on a daily basis. Hope this is helpful

The first is as follows

Aminex - Tanzania - TPDC Related News Review - w/e 21/09/18 https://aminexunofficial.blogspot.com/2018/09/aminex-related-news-review-we-210918.html

GLA DYOR