Member Info for haggismchaggis1

That would be good if it went ahead. The timing could tie in with our multiple Ruvuma wells coming online. This could prompt a buyout of AEX after we have the upgraded resource from the 3D, the flow rate from CH-1 known, and the targets for the rest of the wells, so end of this year?

Based on the times for CCPP below, I doubt Tanz would take long over the environmental approvals, as it's not EU/UK standards there, so that cuts a bit off the timeline.

"The construction time of a major CCPP of 200 MW and above could be less than 24 months."

"The time taken to design, construct and commission a steam plant from conception to production is about 42–60 months as compared to 22–36 months for a natural gas CCPP. The actual construction time is about 18 months, while environmental permits in many cases take 12 months and engineering 6–12 months."

https://www.sciencedirect.com/topics/engineering/natural-gas-combined-cycle

Spreadsheet screen grab showing bunker fuel spreads. They look good to me, especially for the container vessels going from the Far East to Europe and back.

https://ibb.co/SysrXFG

magicmerve,

Just look at the MCap's of CWR, ITM, BLDP, FCEL and BE. Divide their MCap's by the number of AFC shares in issue, and that is where I would be looking in the next year to 18 months (as the HFC running on Methanol will be available later this year, and the S Series running on Ammonia will be out early next year in 100/200kW versions).

UK Gas £5.05 not £505 LOL! But still, just look at the chart!

Brent Crude $128.5 and rising right now!!

https://tradingeconomics.com/commodity/brent-crude-oil

UK Gas £505!!

https://tradingeconomics.com/commodity/uk-natural-gas

Jimmy,

Correct!!

I could pick loads of start dates since when AFC has outperformed it's peers, but then I am not here to try and manipulate the share price like our resident con man.

Brent Crude $128.5 and rising right now!

https://tradingeconomics.com/commodity/brent-crude-oil

bullfrog,

Which is why I have been accumulating more stock (despite my large long term holding having been held at nil cost) at this bargain price. Value will always out in the end, and there are a few points this year when the MCap should multiply. No brainer IMVHO.

Aim,

Oh yes, he has the power!! LOL!!

Shocking that small bot trades like 35 or 20 shares dictate the price moves!!!!

"White House talks to Venezuela in dash to replace Russian oil"

A delegation led by Juan Gonzalez, the top Latin America adviser to the White House, and ambassador James Story travelled to Caracas over the weekend for meetings with socialist President Nicolas Maduro.

The two sides discussed the possibility of easing oil sanctions against Venezuela in the first high-level talks in years.

https://www.telegraph.co.uk/business/2022/03/07/white-house-talks-venezuela-scramble-replace-russian-oil/

If this progresses to the dropping of sanctions then it would open up another market to QFI, the massive oil sands previously successfully commercialised as Orimulsion.

"In addition to conventional oil, Venezuela has oil sands deposits similar in size to those of Canada, and approximately equal to the world's reserves of conventional oil."

https://en.wikipedia.org/wiki/Oil_reserves_in_Venezuela

https://en.wikipedia.org/wiki/Orinoco_Belt

Still joined at the hip LOL!!

AFC vs CWR vs ITM vs PPS chart
https://ibb.co/dPzvv5C

AEX could always leave that money in the APT pot for the rest of the work programme, as once the workover is completed AEX will be getting gas revenues again, which easily covers the loan, and gives AEX an income too.

bullfrog,

Good idea!

Not something they could do before drilling just in case there were delays or additional costs, but before the loan is paid off (12 months, so May 2023) APT would have completed CH-1 and know the final cost of it, allowing them to do what you suggest.

AFC had an option (RNS 30th Sep 2021) for a loan from APT of $1.7m, this was stated (RNS 15 October 2021) two weeks before the Tanz Gov't paid up the money they owed AEX (giving AEX $1.85m).

I therefore see it as an option for AEX to borrow that $1.7m from APT to do the Kiliwani workover with.

If I were AEX I would wait for the results of analysis of the 3D Seimic over the main CH-1 area, and subsequent choice of drilling location, and for APT to get moving with the rig deployment before taking up the loan, so as to minimise any risk to AEX of delay on that.

Also, AEX do not need to borrow the money until May, in order to have the workover done during the dry period, which starts at the end of May. So, leaving the loan to the last minute means no paying interest on the money when nothing is happening on the ground.

AEX could also use the same contractors that are doing the CH-1 work, as they will be nearby at the time.

Tanz,

Yeah, all AEX holders need to do is sit back and wait. The company have given us the timeline for drilling, and 3D Seismic results are obviously planned and expected to be completed before the drilling starts, so impatience is pointless, it will change absolutely nothing, all it will do is cause oneself stress and frustration, where none should exist because the situation has been accurately purveyed from the company to the shareholders.

This is a time to accumulate the stock whilst it's cheap, or if you are happy with how many shares you hold then don't, simple.

My charts were taken direct from ADVFN a few seconds before posting. If the semi-beginner trader has a problem with my charts, that's his problem and his problem alone.

DOW is down 763 points

NASDAQ is down 428 points

BUT BUT BUT .... our USA peers ....

BE up 2.7%
BLDP up 5.5%
FCEL up 9.5%
PLUG up 2.0%

https://uk.news.yahoo.com/boris-johnson-says-uk-will-announce-new-energy-supply-strategy-162848159.html

Oh, and BTW, I added 100,000 more to my holding today at 0.946. Did I even look at the spread, NO I didn't.

Max,

Of course it was aimed at you!

I don't care if you have a billion shares. Suggesting they drop the ask to increase interest, well as I said, that isn't going to happen, because they have no interest in trying to attract day traders (the spread is only of interest to day traders, long termers look at a target price not a spread). If you have loads of shares what do you care? Sit and wait for Chikumbi-1 to be drilled like the rest of us, the share price will take care of itself.