Member Info for edgar222

So Mid March for CH1 drill location. Mid year for 3d seismic results more globally. Location might mean rig contract.

Presumably will mean estimate of CH1 target size? Thoughts?

Difficult to know what will be the big share price mover in the coming list of news. I guess it does not matter! I am not going anywhere. Just getting impatient (again) as the finish line is in sight (again).

I am hoping for progress on production and drilling of CH1 and also that in the background they are planning the next 6 drills for full field development and just carry on drilling agter CH1.

GLA.

Graphicboy

I have been buying in 500k and lower chunks. Could not buy bigger chunks. But I can tell you someone else is too.

https://twitter.com/edgartwo2/status/1646515889255358476?s=61&t=qBcoKadtpeaziPRqZIXyxg

Ruvuma deal with taxman. Hope to complete in next couple of months.

Highyield

What all comparisons with Wen fail to realise is the exponentially bigger asset (future reserves) that Aminex has compared to Wen. Our numbers are eye wateringly large. Theirs were not and was why they were vulnerable. Also why I have never held Wen.

Sharepicks

Find and read Ufo's post about shareprice yesterday it was excellent. He has 7p on production and 17p for full field development.

I said earlier my target price was 12p.

GLA

Rofl Cperkin. You are patently honest.

8tcf is 2 tcf to Aminex.

Cperkin

APT's "internal operator estimate" was 8326 TCF as at the May 2022 presentation.

That was said to expressly exclude the now-ditched Jurassic target lower down the CH1 drill.

To be fair to me I did get millions at 0.4p in 3 lots.

;)

28th November 2006. 25.45p paid.

Not telling you my holding now as you would have me sectioned. Still buying (last week) but nearly done.

So about 12p, Vamp?

;)

Thanks BG

At the rate Aminex were getting at KN1 1 Trillion cubic feet worth $3billion.

So whats it worth in the ground and being pumped? My baseline is $400 - $450 and increasing as the pi-eline and route to market firms up.

At 25% of he licence doo Aminex have 2 Tcf? All up for grabs and to be proved up. Obvs.

GLA

Interesting, Haggis. And agreed.

The flow rates were a direct result of the enormous pressure and the mudding and tiny choke needed to not blow up the country. ;)

Those rates can be remedied. The gas has not gone away. The pressure is still there. That is a good thing.

And if you are worried about a second event to avoid a spike how about production first followed by NT3 (ie. CH1). Share price rise for production, plateau, then the drill we have all been waiting for. Oh. And 5 other drills andfull field development. Stand by 12p.

Aimster

You are obviously basing your limited valuation on production only, not reserves. Aminex knock Wen out of the park on reserves even with a 25% licence. And yes, Cove is in my mind though I recognise that Cove was probably the high point.

It is a very old debate here as to whether production or reserves are the correct basis for valuation. But Aminex are in the trillions of cubic feet. Anyone looking strategically at takeovers will have to pay for those trillions. Very old back of *** packet used to be $400m per trillion in the ground. Of course, "in the ground" is also changing.

Finally, if you are right on your very conservative numbers why did the share price go to 7p in 2017 with only 10% less shares in issue?

ATB. GLA.

Maybe a bit more definition. By target price I dont mean top slicing. I mean the price at which you would sell your whole Aminex holding.

I ask this question periodically, partly because I don't know the answer myself.

What is your target share price?

(Please just answer with a number.

I will start.

12p.

....over 3 trades and none of them showing yet.

Every seismic this company has ever done has materially increased the numbers.

That is what I am hoping for.

Though, frankly, just confirmation by modern seismic of the already enormous numbers would do. But I am greedy. ;)

Funny old share.

This is quite the change. Our re-rate not coupled to the drill-bit any more but actual devlopment and income in short order. Great news that production is so close. And then with the production underpinning the share price more drilling. CH1 obviously plus further drills and workovers. Very exciting.

In the meantime, the seismic is 80% complete, rigs are being sourced, pipelines built and all for a free carry.

If anyone had any doubt that the Govt are pressing for acceleration towards production and field development then this puts that issue to rest. Ditto re doubts about the commitment of Ara/Zubair. Its full steam ahead.

More difficult to predict a major inflection point for the share price now as I think we are looking at smaller pieces of news but more of them.

I don't see how the RNS can be read as saying anything but the lower jurassic target at CH1 has been abandoned.

As always, the issue is what is my price target now. Assuming successful production in October with drilling to come and an increase in reserves what is the minimum share price that it would take to get me to sell? The answer is I have less idea about the answer than I did before that RNS! But it is only going one way from here. Up.

No1

I think the point being made is there are multiple 200k shares (volume) being bought.