Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Https://allafrica.com/stories/202404300162.html?utm_source=dlvr.it&utm_medium=twitter
"The Problem We Are Bordering on Oil,”
"Keep your words to work, the problem is that we are very close to oil, whoever has the power should work and do it if he knows that he has carried all Tanzanians," Deputy Prime Minister and Minister of Energy, Dr. Doto Biteko speaking at the fourth Conference on the Participation of Tanzanians in strategic projects and investment in the country held in Dar es Salaam."-Deputy Prime Minister and Minister of Energy Dotto Biteko"
Great spot, Page
Eclipse owns Ara Petroleum and just under 30% of Aminex.
So it is our Major, the operator of our field and our major investor giving a sub on preferential terms. More support. If evidence were needed of the continued intention to keep Aminex in existence, as opposed to taking us out, this is more of it.
Preferential because there is no repayment. The loan is set off against the farmout.
All good with me. Removes a doubt for the numpties out there.
Also all good with me is how much of our farmout carry is left. Future looks bright.
Https://x.com/memd_uganda/status/1783846124018675809?s=61&t=qBcoKadtpeaziPRqZIXyxg
I certainly agree, Roger, that the tweeting starting up again is not just coincidental. It started on the same day as the press reports of licence sign off. It does suggest they know its coming. The absence of an RNS gets more curious with each day. Maybe the Govt really is waiting for a ceremony? It can't be that Ara are not giving them information to put in the RNS, surely?
Am still hoping for an expanded multi-well plan! But licence, reserves/resources improvements, CH1, and announced workovers will do too.
Roger (and others)
Surely the important word in the recent press on twitter and elsewhere is "extraction".
A licence to explore is what we have had. A licence to extract (produce and develop) is what we want. The former is not news, the latter is.
Https://twitter.com/EdgarTwo2/status/1756620546773487845?t=I37GXfEOAdDfeIK56fYaeQ&s=19
Just let those numbers sink in....
Https://twitter.com/EdgarTwo2/status/1780365652265423297?t=30FfD2mr8VKMZgdTprrSDQ&s=19
Https://twitter.com/EdgarTwo2/status/1780365652265423297?t=30FfD2mr8VKMZgdTprrSDQ&s=19
Online translation app used
Hardnose
For any institution looking at Aminex the first question is what do they own, what are their assets?
At the moment the answer is nothing. Because of the licence. When the 25year licence is confirmed then ownership and asset status is confirmed and the value of the up to 16TCF can be applied. That won't happen in a day. It will take time. But every piece of news that shows the field is being brought to full development/production will allow the market to bring the price more into alignment with the real value. That (for me) is why the seismic update has not impacted yet. (Yet underlined).