Member Info for edgar222

Foolsandcrows

Should not be too difficult to work out. Do you prefer a reserves or an income basis?

Assume Aminex is receiving $40m pa undert he farmout. Whats a fair p/e. 10? 20?

Tanzania

Was just thinking the same. The rubbish spoken on here about Jay B after he pulled off the farmout deal was unbelievable.

8.15am 2m traded and up 8% on advfn but not here

Stupid is as stupid does....

I am Drewky.

No. I am Drewky.

After me, everybody...

When they start casting for the film "Aminex" I will be played by George Clooney, obvs.

Tanzania

Really? I am not sure I understand the question. What attracts the Zubairs?

Bottom line massive profit. It is that simple. There is an enormous amount of gas already discovered and enormous demand. CH1 may double the amount f gas and there are 6? further wells planned in this one field.

It is just that simple.

That should be when you SAY discover.

Lager in the sun after a long day not helping my typing!

BG

When you discover, could you mean buy?

Buy additional reserves?

Like Solo's share?

;)

Bearish?

The alternative view is that both companies dont need growth elsewhere because they can see how Tanzania is shaping up.

Mather

I think he wins a lot of votes by saying we have reviewed all the contracts and stopped western countries stealing our resources and that has taken time. All about perspective.

Cperkin,

Good find. That is about as clear as it could be. News incoming. Little Aminex and solo are at the centre of the country's power plans.

https://twitter.com/EdgarTwo2/status/1305088759009087488?s=20

Optimist me. Don't know when do know it is coming.

Thank you Drewky for the excellent list based blog. Very helpful reminder.

https://twitter.com/AminXunofficial/status/1296072729083482113?s=19

Grrshaw

Call me wildly naive but I am hoping that news of the 8m-odd owed from KN1 is in the pipeline too...

Agree it is not owed by Ara, Mather. Until farmout complete as you say.

But 2.2m will be owed back from Govt if the farmout is not approved. So I think this is less precarious than others.

Hopefully by Friday night we can stop all this as the farmout is approved!

Gla

Thanks Mather

Mather

I see that now. 30th June RNS. Thank you. I was behind. Am trying to do 2 things at once here! Am I also wrong in thinking the actual security granting has been deferred pending farmout and is only a future thing?

To be repaid on consideration from the farmout. 6th May RNS.

So whatever it is called it is effectively an advance and my original point holds good.