Member Info for Drewky

The major oil companies are in what seems to be a stand off with Tanzania over the 30billion LNG project. https://www.exchange.co.tz/tanzanias-rift-oil-companies-leaves-30-billion-project/amp/? imo this has to be good news for Aminex who are the only ones that will be in a position to help meet the needs when demand outstrips supply as forecasted in 2019

Thanks poorman I'll do a bit more digging see what I can find. It seems there might be money to be made here

True I shall not bother in future

I bet they hold hands when they go to the toilet too

There is definitely something wrong. My name has yet to be mention in vein today. Ducks & runs for cover ;0))

Have been watching this one for weeks and planning permission can't be too far away so that should prove a boost. My question is, do they have enough cash to see the development through? Has the costing been put out for us to consider? Does anyone feel there may be a raise required? Was .61 when I started looking so looks a good deal now! Thanks

I am not saying anything is holding it up, I am saying to you all don't get jumping up and down if it doesn't happen in September because the CEO has hinted in that interview that it may well be the case.

It should therefore not be a surprise if the notice does not come out until the end September.

Personally wouldn't see it as an issue because it will just compress the time of the other events expected this year. If they are to get the CH-1 drill spudded this year as indicated, they still have to work within the same forecasted winter rainy season weather window!

It could be argued that the more the key moments of SP effecting events are time scale compressed, then the better for sustained rises which would of cause mean you may get more of your losses back before you have to sell up for your taxes.

Dunder FFS your phrase again. Read what I say and don't put words where none exist.

At this point in time they haven't missed a deadline, so there is nothing to criticize and you are making yourself look foolish in implying it!

I have simply pointed out that I think they might miss what you call the deadline and my view comes from the comment he made in interview. Nothing more, nothing less!

It seems dunder you are so fixated with criticizing me that I am not allowed to have an opinion.

Anyway I'm off BFN

Tarry - And that's the way it should be but if Aminex is an investment then surely you invested in order to make a profit.

When you have a family you look after your children and you bring them up the right way, when they do wrong you point out their errors and you help and guide them to learn from those errors. You nurture and you care for them and you don't beat the living daylights out of them because if you do, you will lose them!

Sometimes I see you with a sensible approach on here but at others it's like watching you beat the crepe out of your kids. The problem I see is, that along with others your moods changes (currently that coincides with sp movement 1.85 low and 2p high).

It is a big round trip for me but I've driven many times to Scotland and back in a day, it maybe another country but it's not a million miles away :0))

In saying that, it is unlikely I will make the EGM myself at the moment but I don't have any issues otherwise I would be there but I do hope you make it, if only so you can get it off your chest for once and for all, face to face with the one man you consistently berate!

The sermon today Apache is about worms and how they are not juicy enough. It is also about stupid games from people when they say such as...

"My response was to your post at 16.09 regard prep for an agm. R U saying they havent had long enough lol, really seriously!! "

Really seriously!! Dunder you resort to silly games once more? The following is my post at 16:09 and I believe you need reading glasses! There were No excuses made just a very simple comment on what was said in the interview. I find it laughable that you seek to attack me even on comments that could be seen as negative! The fact is you make this personal because whatever post I make you cannot resist a dig!

"Don't bank on the EGM to actually take place in September guys. The aim is to get the circular out in September but he hints here is a lot to do to prepare. I think the meeting will now more likely take place first two weeks October having heard that."

https://youtu.be/QQhhGwR4TZo?t=6m35s

So if you wish to keep digging go find bigger worms

Well that puts you in the same boat as me then but we are not in business to be penniless even we have penniless times and I don't suppose for a minute you take the minimum wage. We all take a wage and we all should be paid decent money for what we do but if you think you can draw me into the same whinging point you've made almost daily basis since July 11th then you need to do same as dunder and find some bigger worms Told before if you're not happy get off your arse and do something about it. You didn't even attend the AGM and last I saw you were unlikely to attend the EGM which says it all about your commitment. Yes self righteous me.

Ok BREEKS when did you give your staff anywhere near the pay rise you award yourself? Just asking like :0))

Dunder FFS to coin your own phrase, it's not about my opinion it's about listening to what has been said. Where did I make an excuse? Anything will do for an argument eh? Bigger worm mate

I am being realistic Tarry and you are not! Your disrespect for the CEO shows in the way you speak of him. You have your own reason for being that way but that's your choice.

As for the list being mostly opinion, you are talking absolute nonsense. When a CEO speaks, he is speaking on behalf of the company and making official comments. The comments he makes are about what they hope and expect to achieve within certain time frames. I'll not argue that they always get it right, they clearly do not but that is the same with any company including your own I guess!

As for this constant wittering about selective quotes, what would you like? Would you like? The full document or transcription on every post? The full documents are freely and publically available in numerous pages so for anyone who doubts what is in the list there is a link to where they can be found at the bottom of the list. I dont make it up Tarry it is all in print, on podcast, or on video, so trying to belittle me and the list will not change what they said.

You can't get away from the truth Tarry no matter how much people try to hide it in Bullshyte.

BTW just in case this weeks traders press down campaign succeeds, I've put another buy order in for 1.84 again.

Don't bank on the EGM to actually take place in September guys. The aim is to get the circular out in September but he hints here is a lot to do to prepare. I think the meeting will now more likely take place first two weeks October having heard that.

https://youtu.be/QQhhGwR4TZo?t=6m35s

I'm show casing am I? Do you have a problem with seeing reality over opinion? The only opinion in the list is one from debatably the most respected O&G blogger around. The rest is all quoted from official sources and not from individuals on a mission.

I'm passing no opinion in that list, I am showing reality for people to judge for themselves. I know who I trust!

================================

If you'd like an opinion, I'll give one...

When you say lucky to hit 5p I totally dispute it and ask you to justify why you think that way! We lost 1.5p on the problems with Kiliwani and because of delays we lost more over the year. For arguments sake let us say we regain only 1p of that on successful remediation which currently will takes us around 3p.

Ok moving forward my projections (opinion)

+1p on farm-out completion
+1 to 2p on spud CH-1
+1 to 2p on successful drill
+1p on Pipeline construction
+1p on 3D Seismic
+1 to 2p on connection at Mdimba and production

The above are just my thoughts and are based on the fact they are all key RNS SP affecting events. How much of them will hold will depend on the continued progress and not having to wait too long between events

Then of course we have further drills, possibly three or four more during 2019 but of course you seem to put no value on the above events or the fact that the projected low end of $25m per annum goes from 2020 to 2049 = $725million or at upper end $35m per annum = $1,015million Proviso, I accept there will be a drop off towards end of life.

It takes no account of the possibility of finding oil or profit bearing liquids in the Jurassic layers being targeted. It also takes no account of what is done on a proposed Kiliwani - Nyuni merged licence.

You talk of 25% and nobody disputes that it means we have given away more than we would all have liked but the above tells us what we will gain by completing this farm out. We now have a monetisation date to look forward to within 18 months rather than an unknown maybe years and years away event.

If you think I am just ramping then fine but the list and publically available information supports my views.

There are quite a few on here who seek to destroy my credibility (and we know why) but the list speaks for itself. My views shown are my own and I dont expect anyone to agree with them but if people are going to say things like lucky to get to 5p then at least please give people some justification as to why and support it with something more substantial than personal opinion. If not people may as well say 1p and I can say 50p, in either event, it would be peeing in the wind.

Maybe only 25% but 18months to wait instead of years

**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.

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/

MINIMUM

"APT will establish an early production system to achieve an accelerated first gas to a minimum 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"

The projections were $25 to $35m

That's ok Tarry, thanks for your efforts, I got my 1.84 well took 1.85 actually :0))

I've set my buy to 1.84 so if you guys win so do I, with a nice little top up. Anybody notice the change in tone of some of the posters on here?

Up to 2p and the down talk starts - down to 1.80 and it looks good again. Same posters on a regular cycle, there dishonesty is laughable. Rinse & repeat, Rinse & repeat while long termers get scared out to go elswhere only to lose a fortune on the likes of Aaog recent bad news. I seriously feel for those people and the whole charade makes me so angry