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Geowiz it was a no go area for decades ... even the chinese fled ...until Osa was brought in by the nigerian government and sorted out the local issues...Osa has all those contacts with local chiefs to get oil developed at barracuda
He nearly has the same web address https://admoffice.ae
Africa Middle East Resources Investment Limited (AMERI Group) is a privately owned group of companies with businesses sprawling across different countries of the globe. The group is a developer, investor, co-owner and operator of power plants, energy and infrastructure projects in various parts of the world. Headquartered in Dubai, the AMERI Group has worked on some very extravagant and important projects and has carved a niche for itself as a bankable brand. The group is active in the fields of energy, infrastructure and construction. There are separate divisions of the group dedicated towards these sectors.
AMERI Energy division has a prowess in energy sector. It works closely with its partners and subsidiaries to provide efficacious, budget-friendly, innovative and clean energy solutions to various countries in the world.
Infrastructure and constructions arm AMERI Infrastructure provides EPC solutions along with financing, in certain condition. It represents some of the largest construction companies of the world from China and Spain.
Under the aegis of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, who oversees the strategy of the group, AMERI Group has carved a niche for itself in the Energy and Infrastructure sector. The group consists of a large, highly skilled and seasoned work force that devises smart and efficient solutions to industry grade problems.
From a business point of view, AMERI has a unique set of work culture where virtues like trust, integrity and transparency are highly valued. The management is driven by the idea of delivering high quality projects in due time keeping the work ethics intact.
No its not DBI its the previous SHaikh that the company is named after ......His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, member of the ruling family of Dubai UAE and founder of the diversified conglomerate, Africa Middle East Resource Investment (AMERI Group) has emerged as a strong force on the global front.
I see his Highness Sheikh Ahmed Bin Dalmook Al Maktoum is still around, looks like he's a shareholder in KONH (uk) ltd. Hes a big heavyweight to be involved in KONH (uk) hes the sort of guy that would hold a 70% interest in NHNL .
Why would they want to sell the company . Phase 11 of aje shouldnt be too difficult and will lift those valuations higher . Also if they win their court case Konh would be entitled to 70% of share sale to zenith or in monetary terms 14 million of which adme own 51 % or 7,140.000.
Also another option available to adme to raise finance is If the courts rules that K.O.N.H. (UK) Ltd does hold 70% of Noble Hill-Network Limited the deal with zenith could still go ahead and the new shareholding where zenith would own 42% and ADME would own just over 20% and NHNL would have 20 million to finance barracuda development.
Yes it a complex case of who owns what .If the courts rules that K.O.N.H. (UK) Ltd does hold 70% of Noble Hill-Network Limited then NHNL have no right to do a deal with zenith with out K.O.N.H. (UK) Ltd approval so ADMe would be correct in saying that NHNL deal is without merit.
London fish , that would be up to a judge to decide ... adme can argue that if they did not sign the contract they would not have incurred the expense, also the time and costs spent by management in relation to the contract ... such as meetings with service providers should be recoverable.
Who knows who the billing for the cpr is addressed too but I would expect adme would have paid a deposit to commission the cpr whether that deposit is sufficient cover work done to date ive no idea. The point is no point inccuring further costs until outcome of court case is known. if adme did sign a contract the would have a very strong case to recover costs incurred to date and maybe awarded damages for breach of contract ... 17 million would be a nice boost to the coffers.
Osa made the important point that the land was already purchased for the drill so that will save time and costs considerably. The fact that the drill set up on dry land will save considerable costs . The barge is also expected to be leased so no big upfront costs in that respect. all in all I would expect drill costs to be on the lower end of estimates somewhere within the region of londonfishs estimates of "IF you have good relationships and logistics in Nigeria one could probably get the cash costs to reach production at about 15-17.5 million,"
Londonfish, as you must have a direct contact in zenith AS i noted in your post at 9.26 today that you understand from nigeria that NHHL filed some serious claims, and it was ADME that requested the extension to study these claims? yes in 99% of cases claims are made on both sides of a dispute many can be made up , thats why we use judges to sort out the fact from the fiction. I wouldnt expect to hear any more from the cpr until the court case is resolved . and yes you can take a loan backed from equity ... align reckons this equity stake in aje is worth 15 million currently ..with potential for a substantial increase if phase 11 goes well. and the delay is historical not forecast.
Great to see Osa and team remain intact and glad to get that distraction is behind us ..probably put the company in limbo for a month or two.
surprised by the margin of victory I expected it to be tighter considering the big campaign by the shorters against Osa.
the big win by Osa should deter any future heaves by the shorters against the board
Spikeyj
Robersham gave the scam away months ago with his excessive bragging / huspa . since 18th november 2021 .. he was stating the shares will go to 0.5p ... thats the shorters target closeout if they manage to remove Osa....closeout using the planned 1 million placing ... Well see monday if pull off their scam or if they have dug a hole for themsleves.
RobertSham
RE: PUMP AND DUMP 9 Dec '21
Dan brown you said 1.5 was bottom. If anyone wants to make money they just have to do the opposite of what you say. 0.5 coming.
Short target 0.5
18 november 2021 SELL before this goes to 0.5