Member Info for Drewky

I will Tarry thanks but one more in the pub. Same 20 month scenario but the bloke on the stool next to me has been giving me earache for all that time. He's even got a couple of buddies who back him up now and again. The question is do I ask him to loan me a hanky to wipe the blood from my ears? Do I advise him that onetick has a pub across the road and will be delighted to have their company? Do I say sit down have a beer and get smashed while you're waiting? Or do I turn the Duke box up and hit the top shelf ;0)). Stop nagging mon

That makes a refreshing change. I'll have a carling later with the lid off ;0))

Wrong analogy Tarry! In Aminex case you have been given a time scale for the fixing of the valve which is the end of September. Now if it's not done by then I will sit back and let you moan to your hearts content but until then please just give it a rest.

Before I go, just another analogy for you....

You walk into the same bar and you are really thirsty and you ask for a bottle of beer and the barman provides one.

You snatch the bottle away from him and attempt to quench your thirst! At this point the barman says, excuse me sir but it might be helpful if you let me take the top of first ;0))

"It's still not really remediation though is it cperkin? They're replacing a faulty value which was stuck because the well has been shut in and it was shut in because pressures fell below 1mmcfd. So actually replacing the valve isn't remediation - nor is monitoring the flow. Remediation is sticking something down the pipe to perforate a previously missed"

Actually REMEDIATION is exactly the right term for changing a faulty valve but for the pedantic out there, the valve change is just a part of total remediation in this case and to simply dismiss it, is talking garbage. They have to start somewhere and that's what they have done!

1. The act or process of remedying something that is undesirable or deficient:
2. The correction of something defective or deficient.
3. The act of offering an improvement; setting right

Yep valve change ticks all three :0))

I think this right now is largely irrelevant. They passed the act for this in 2017 and this is the next stage that is all.

As for other companies leaving, Fine! If they are in our field, then it leaves more room for us to play but there are many companies from around the world investing big bucks in Tanzania and it's not all about O&G. High ranking government delegations are out there regularly trying to gain favour and contracts for industrialisation & building projects!

Those out there that think colonialism is still the way to deal with these matters have to think again. The so called third world countries are waking up to the way they were treated in the past and they are saying "NO, we want fairness" I don't blame them one bit!

Building again?

**KILIWANI - NYUNI LICENCE TO MERGE**

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/

It's so true what the pilots say Smudger! The closer you get to the target the more flak you get!

Zzzzzzzz

On the front side, Apple has a new 7-megapixel sensor for the True Depth Camera system, which is used for Face ID.

He's got 18 days to come up with the goods but I'd rather not be waiting to the last day. That would be taking the pee!

https://www.youtube.com/watch?v=EOY8pXNu-ew

There is always a risk Hex but I don't believe for a moment that negotiations and farm-out deals would have been constructed for it to not happen especially as cp says they are running out of gas supply to meet demand.

Right now I don't believe they have the internal skills to nationalise it but as the President has indicated he want's to get locals into working and learning those skills, so who knows what the long term future holds. Half the time we don't know what's happening in our own country without predicting others.

For me the risk is worth the reward and if it wasn't then there would only be one answer and it's as simple as calling the broker.

Exactly FL, I'm pleased to see some see the benefit

At least it is a genuine FAKE bruv and mis-reporting doesn't help anyone including traders

While we are on the subject let us all see that the real fake news is coming out of the trades reported.

The following was in Fact a buy and not a sell as reported

12-Sep-18
08:35:46
1.824
53,633
Sell*
1.80
1.85
978.27

Your first point was that....

"firstly, LNG was always supposed to be for export rather than domestic consumption,"

which is why I responded because you yourself are creating FAKE news with FAKE statements like that!

This from an article last year....

"Magufuli prefers to see LNG infrastructure onshore where it can bring economic and social benefits to the country in the form of infrastructure and jobs. He also wants to see a share of first gas production from the new project going to the domestic market - a condition that Mozambique dropped in the interests of speed."

http://www.petroleum-economist.com/articles/politics-economics/africa/2017/tanzanias-lng-plans-remain-stalled

Please Note "DOMESTIC MARKET" officially referred too in both of last links provided

Your second point re time scale 2022 I'll not argue with but what we have here in my first post is a further delay.

That has to be a positive for Aminex imo because the head start and advantage we will have will last longer! Any investor should be pleased about that so what is fake about it? Or is it just me that is not allowed to put forward news of interest?

Oh is this the fake news you refer too? "The project worth 30 billion US dollars and is expected to be completed in five years and enable gas availability for domestic use in various parts of the country and export.". https://allafrica.com/stories/201710230079.html Not so fake after all eh? I get my news from good sources, not just made up to suit my trading pattern. Good night smiler ;0))

Ok Moriati I hear you. Nothing positive allowed

Boring