"Aminex will shortly receive the first payment from ARA Petroleum LLC ("ARA") as an advance of up to $3 million against the cash consideration of $5 million due on completion of the Ruvuma Farm-Out." - RNS 6th November 2019 Corporate and Operations Update
That was over 3 months ago - Did they ever get the first payment?
Extract: "The Hong Kong-headquartered shipbuilder has at least 20 tugs either under construction, close to delivery or on order for owners and port operators in Asia and Africa.
It's biggest order is for a fleet of five tugs for Tanzania Ports Authority, which is preparing to expand the port for commercial trade and to support offshore gas projects."
"...to support offshore gas projects"...In readiness for PSA gas projects being approved?
I've actually done quite well buying low top sllicing high and all set on a low average for the next leg up... Licences and drilling to come... Have a great Xmas chaps!
RE: It's starting to look like a matter5 Dec 2019 08:46
Looks like that's it 'til January 28th....
'The parliament of the United Republic of Tanzania is postponed until January 28, 2020. The parliament is adjourned after the conclusion of the Seventeenth Conference held from 05 to 15 November 2019 in Dodoma.' (google translated)