Member Info for edgar222

Watched this already, thank you cperkin on twitter.

Sensible and clear interview. Nice comments about impact of last week's news and Ruvuma value.

Hardnose

Me too! 25p paid. Have averaged down all the way and bought considerably more under 1p (best was 0.45p). I long ago stopped adding up what I have put into this conviction hold. And given the timescales, my own belief that CH1 results and full field development are the big prizes means I can wait some more. So in my view that is patience paying off!

LTHers know patience pays off. As a share-principle that is true and never moreso than with AEX.

Fwiw I think we will see more than just farmout confirmation. I think we will see plans or at least the framework of those plans. But it would be remarkable if CH1 is spudded this year. I am still hoping but the head says that is a very big ask. We are late October and Covid is impacting in all sorts of ways. Woul dlove to be proved wrong. My real timescale is not Chirsitmas but Easter. Fwiw (which is not much).

He also says he has never been more patient with a share.

Preaching to the choir, brother.

Shares should "increase dramatically over the next few months..."

At 12:42.

Brace Brace

Just made 3 purchases for family members. All are showing as sells. Sigh.

Am still hoping for spud of CH1 this year but that may be a lot to ask.

Do not forget farmout deal includes an early production system that is not reliant on FULL field development.

Those of us that have lived through the last years might chortle at "early" but you get my point.

I tweeted your article as soon as I saw it. I am @edgartwo2 on twitter.

Where should I send my bill for PR services?

And that is just Ruvuma. Nothing for Nyuni, Killiwani or new deals.

No. I think full field development, by which I mean 6 more wells and $45m pa net to Aminex.

I dont know whether p/e income basis is appropriate or it should be a reserves basis for valuation. But if it is p/e and assuming the 45m is all profit (which it clearly wont be) and you use an industry standard p/e of 20 that gives mcap of $800m odd (note the $ sign). With shares in issue we are ballpark 20 - 25p per share on that basis.

Crude back of envelope stuff but no one has told me why I am wrong about this and have been saying it since the 2019 EGM presentation. Which is THE must read document.

Lemming

Very interesting and thank you.

What particularly interests me is that using different numbers and not using Orca at all I am at about 6-8p.

Of course no one knows but I dont think 7p per share is expensive as at CH1 spud date.

Ch1 is certainly not waiting for seismic.

The following (up to 6) wells might be.

Max

Filter Dunderhead. He is not worth it. Has been so wrong here and I bet he hates it. (I don't know cos I don't see his tripe)

Buyout always possible but Ara/Zubair have said for years that they have picked little Aminex as their vehicle for East African investment. And everything they have done since suggests they mean it.

Sharehead

Go tothe 2019 egm presentation on the company website. It explains it.

It is pinned to my twitter page @edgartwo2

Mythyaar

Truly delighted for you. Give yourself a pat on the back too. Those of us that did the same all deserve a payday. Its a good feeling innit?!

Sharehead

The potential is already enormous based on what they have already found plus the farmout deal.

The drillbit is the icing on the cake. Next drill could double gas volumes and might find oil.

Truly enormous. And a free carry to up to $45m pa.

When he first put Aminex in the bucket list in 2017 it trebled and more in weeks....

Not his fault we didn't sell enough then !

Those of us that remember March 2017 know that when this share re-rates it does so big-style.

And that was daily increments not a huge leap. Day after day.

I am completely chilled about the coming re-rate. My money is now in a share with very little risk and a share that is worth much more than 1p. I can wait for the newsflow and the rise. It is even going to be fun compared tothe last 3 years.

GLA