Member Info for haggismchaggis1

One thing you'll find a lot of analysts agree on is the definition of a bargain being a stock that is below 3x Net Asset Value. This is due to the view that in a fire sale the company would sell for that much as a minimum.

Currently AFC is only just above 3x cash, and it's Intellectual Property is worth way more than the cash, especially Alkamem and the technology for electrodes with no Platinum Group Metals

AFC MCAP £162.63m
Cash at last year end £55.4m

3x £55.4m = £166.2m minus any funds spent in the past 7 months, leaving it probably around the £150m mark, only £12m-£13m below the MCap.

Don't believe the con men, it's a bargain in anyone's book, including theirs.

Bargain Hunters loading up on all 4 today

AFC +2.7%
CWR +2.6%
ITM +5%
PPS +2%

And finally the country is being run by someone that wants to build a better, more affluent Tanzania, instead of lining their and their relatives pockets. Well done and good luck to her!

Someone loading up with 10k chunks. Clearly a bargain hunter with AFC at this ridiculous price.

Reminde:

"Improved year end cash balance of £55.4M"

JamesSimon = another lying con man for the filter

Much more was signed too!

https://fm.gov.om/oman-and-tanzania-sign-memoranda-of-understanding/

Will the JV partners grab land that's contiguous with Ruvuma I wonder? Maybe the 3D results will prompt them to secure those licences before the well results are known.

https://www.thecitizen.co.tz/tanzania/news/national/only-30-percent-of-area-with-gas-in-tanzania-has-been-surveyed-3845678

2.5m at 0.8380p has to be a buy at that time(13:52), not 'unknown' as shown on here. You could only get 0.80 at that time for a sell, as I did a test trade around then so I know

Also, it's not just Mike Rego that thinks there's billions of barrels of oil there somewhere up dip.

As per the video, him and several other experts met up to work out where the oil had gone, so this is an experts consensus, it's not just Mike Rego saying this.

I'd rather believe them than other peoples gut feelings, people that have not seen the data and wouldn't know what to make of it if they did see it.

Mick,

I don't misunderstand anything, especially your agenda.

If you can't be bothered to watch his video (which is clearly the case) that's your loss, but I'm sure others will watch it and will understand what he's saying. AND it's not just him, it him and several other experts that met up to try and work out where the oil is, and you would know it was not just him if you had actually bothered to watch the video!! No point in making out you know everything, and make out everything you say is fact, when you have not watched the video so do not know everything, and your facts are just your own opinions based on gut feelings, so when you say there's no oil there, you cannot possibly know that, only the drill will prove it, which is something you certainly do know!!

BTW, the oil possibility is not my idea, it's what the expert Mike Rego says, so if anyone is trying to pooh pooh the idea, I suggest they go argue with the expert Mike Rego about the billions of barrels of oil that he thinks has been pushed up dip to the onshore, where APT will soon be drilling another well further up dip.

Staggers,

"Adam Bond, chief executive, added: The AlkaMem product series continues to gain traction with industry and academia and we are delighted to have commenced additional third-party membrane validation activities, in addition to that already conducted with [partner] De Nora."

https://www.proactiveinvestors.co.uk/companies/news/922530/afc-energy-happy-with-progress-of-alkamem-technology-922530.html

"The AlkaMemTM technology potential was validated and tested at Industrie De Nora S.p.A research facilities in Japan earlier this year in an Alkaline Water Electrolysis application. Initial testing of AlkaMemTM has shown the market leading potential of this membrane in this application when compared to alternative separators in the market today."

https://www.investegate.co.uk/afc-energy-plc/rns/anionic-exchange-membrane-update/201911110700068789S/

Alkamem also requires catalyst and De Nora are our outsourced Catalyst experts, so it makes sense that they are involved with Alkamem.

Not talking about the con men for a change, UAP need to get on the case with Amazon!

"Amazon.com Inc. said it will start customer drone deliveries in California later this year, as the race for rapid distribution heats up among the likes of Walmart Inc. and FedEx Corp."

Amazon said its customers in Lockeford, Calif. will be among the first to receive Prime Air drone deliveries in the U.S.

The company said it is starting to reach out to customers Monday about the forthcoming option to get drone delivery on thousands of everyday items. Amazon said it will be the largest selection of items to ever be available for drone delivery.

Participating customers will see Prime Air-eligible items on Amazon, and will place an order as they normally would, Amazon said. Prime Air drones fly up to 50 miles an hour at an altitude of up to 400 feet and can carry packages of up to 5 pounds, the company said.

Prime Air drones also have a sense-and-avoid system that lets them operate at greater distances while avoiding other aircrafts and obstacles, Amazon said.

The announcement from Amazon comes just weeks after Walmart said it is expanding its drone delivery operations to some 4 million households in six states.

https://uk.advfn.com/stock-market/NASDAQ/AMZN/share-news/Amazon-Prime-Air-to-Start-Drone-Deliveries-in-Cali/88350822

Mick,

Suggest you go argue that with Mike Rego, he's the expert on Tanzania oil and gas geology, and he says there's billions of barrels of oil there somewhere. Suggest you watch his video from the link I posted, as all the info is in it.

LOL!! I see doom and gloom crustyknob has arrived, although on my filter list already for his pontificating belittling garbage, no doubt here to talk my posts down as usual, but hey ho, it's not my information, it's from someone with a million times more knowledge of Tanzania than him, it's from Mike Rego.

Mick,

The point in the Mike Rego presentation is that the oil moved up dip from the deep water, pushed there by the high pressure gas. So it's moved past Tembo, past Likonde and the Ntorya wells, with the next up dip test for it being Chikumbi-1. Also the Jurassic is yet to be tested and could also contain oil based on the same theory

Also of interest is the visible progress on 3D Seismic at Ruvuma on the Satellite images.

My recent post from the AEX BB:

I now see two Seismic Survey lines, one either side of the NT-3 Well Pad! There's also some new grid lines which appeared very rapidly recently, to the bottom left of the existing lines that were there a few months ago.

Long link, copy and paste the entire link.
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=-10.462754405301705&lng=39.991350173950195&zoom=15&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=100&gain=0.9&gamma=1.1&time=2021-12-01%7C2022-06-06&atmFilter=&showDates=false

Check the history of the lines using the calendar at the top of the page. The Satellite passes the area every 5 days, as can be seen by the highlighted dates.

I wonder if during the work to clear the grid for the 3D seismic trucks they found any new oil seeps. That would certainly make things a bit more interesting.

I wonder if during the work to clear the grid for the 3D seismic trucks they found any new oil seeps. That would certainly make things a bit more interesting.

Tanz,

What if we hit oil??

================
As posted before:

Things could sure start getting interesting as we head towards 3D Seismic results and then drilling.

Who remembers that the oil is believed to have moved up-dip, from the basin to onshore? Who remembers we chased this oil at Likonde and had oil shows, and looked again for it further up-dip at Ntorya where we also had oil shows? And now we are drilling even further up-dip at Chikumbi.

Many TCF's of Gas will be great, but the oil had to go somewhere, and wherever it is there could be a lot of it....

January 05 2010
"Likonde is an onshore prospect, meaning drill costs are lower and while it may be a relatively small scale project for Tullow, it is an entirely new exploration region for the company. The target is located on the Ruvuma licence and is reckoned to have the potential to hold 500 million barrels of oil in place, with estimates of recoverable reserves in excess of 150 million barrels of oil."

And, we haven't even tested the Jurassic yet.... Chikumbi drilling will be doing that.

Finding East & Southern African Oil & Gas conference in London. 2017.

Mike Rego: “The oil is out there, we just have to improve how we look for it"

Neil Ritson: "“Black oil was seen on the cuttings [at the NT-2 well in Tanzania] – now what we will make of that in the next few months to years, I don’t know"

https://www.rigzone.com/news/oil_gas/a/148862/industry_consultant_theres_still_oil_to_find_in_east_africa/

Mike Rego presentation, well worth watching.

Scroll down to 'All Video Presentations from Mike Rego' and click on the link there

https://www.findingpetroleum.com/biography/Mike-Rego/c7fce48d.aspx