Member Info for jackpack

Well as most know I have been here over 14years and I now think sadly we are on course for a steady decline to 1p or below now matter how hard we try to keep the share price up but from mid next year 2025 we are probably in for a good rise. Its how aex has worked over the last 15 or more years remember in 2017 when we got to almost 7p and then a few years later we were at .40 wonder what the share price will be September/October I think it will be lucky to be 1p

What is the date of this linkedin post please as cannot see it. If this process is only starting now its going to be end of year or beginning of next year before any activity on the ground such as drilling takes place.

To restore some sort of confidence in the share price we need a full market makers report so we can see what is happening as like other I wonder if the share price is being manipulated on occasion. This needs to be available to all shareholders not just the board.

When I read the RNS again it states that we could see more than 3 workovers included in the 20 million carry. This says to me that that work programme planning is well advanced now and we could see some of the new wells/workovers running concurrently and they want to get started

Two things occur to me first after the meeting if not this week then Roland must have a very good idea when now GOI is going to arrive. Second approved ccs pilot scheme is worth very large sum of money and can be farmed out bringing in money.

Hi Gordon

I think on this occasion we will have to agree to disagree. After all would Selan want a higher projected price target as the operatorship would cost them more money and I still think for the oil and gas industry this is way too low but time will tell.

My last post should read to fill with ccs.

Hi Gordon

I still do not think your interpretation of the figures adds up . The merger of Selan/Antelop gives them a much bigger market cap and the way they were talking a few months ago the addition of Cambay makes a material difference for them. Which the more I and my friend look at cambay and the price of gas and condensate make your estimated profit

look way too low Also selan/ antelop will I think have done their own report of estimates of Gas and condensate in place before entering into a joint venture with us . As our last report was 2007 an updated report using modern tec could be totally wrong look at aminex and their latest report and the substantial increase compared with the previous one. Such a large investment for your estimate of profit does not add up. However if you remove all the gas and condensate Roland should be happy as it will give him many empty well with ccs and that could take the next 10 or 20 years.

Hi Gordon

Spoke to a friend of mine on the technical side this morning . I think you are looking at old projections a mere 100 million profit over the life of this project would be way too low for such as Selan to get involved. This is a 30 well plan and given Cambay gas reserves you are looking at more than 20 years to extract the gas and condensate . With new technology such as pumps etc you can considerably extend the life of each well . This is a balanced well design plan and as such you would expect each well to keep running and not be switching some off and bringing new wells on to compensate. Anyway I am sure the technical people at SYN and Selan know what they are doing they have been working on this for a long time - one thought when the 30 wells are all fully operational could the profit target be 100 million plus per year that's only equates approx 3 million per well average per year which is more than possible.

Hi Gordon

I think the value of Cambay will be a lot higher. If you think that each of the 30 wells will probably cost at least 4 million per well and will have a lifespan of at least 20 years it's going to cost at least 120 million to do 30 wells before you start these days. However gas and condensate prices over the 20 year lifespan and the amounts extracted will provide gross revenue far in excess of £200 million and probably into the billions for it to be viable.

I look at this a little differently .

LSE tonight have the market cap @ 14.36 million against approx share price of .14p this equates to 93 million for share price of approx .93p which isn't unreasonable for Cambay alone without ccs.

Tanz don't understand why you would want crusty to leave or is your one word post" canvassing "been taken the wrong way?

Hi

I was stood at the side of crusty and party to the same conversation - what he has said is correct thus I think over the summer there will be a quite period . However as we approach Christmas I am hopeful there will a period of activity with various catalysts taking place.

Hi Gordon in my view the jury is still out with regard to Panmur Gordon - I did not like the way their research notes were not readily available to retail investors.

I think the London stock exchange has realized it needs to do a lot of work to improve the performance of aim shares . Indeed if we were listed on the NY exchange our share price would probably be 3 or 4 times higher and if we were listed even on the Indian exchange the price could be a little higher . Interest rate cuts and work by the London stock exchange should see improvements as the year goes on.

I would like to see a slow managed rise Aminex(AEX) is a very good recent example slow regular small rise which had a staring price of .8 on 12 April and yesterday was at 1.6p double the starting price with a great deal further to go. I think this was achieved by the market makers using various methods including a big spread to discourage shorters and dropping the bid on larger sales. Which is good for long term holders as it enables the share price to build slowly up and gives long term holders the chance to see brokers forecasts achieved . Why do I think Roland might have had lots of discussions about this and hopefully there is a plan about to kick into action given is dislike of shorters.

1.I think Selan could find out when this is signed anybody especially our India friends have any idea where to watch for upcoming news?

2. We still don't know why the visit from the Selan BOD last week is it Cambay gas or Cambay ccs - is there something going on in the back ground we don't know if its for signing off for the drill deal then it should not be long

Hi Crusty

Yes very sad news indeed lovely couple always good company - I only found out when I went to Gruissan at the beginning of the month

Hi Crusty

Hope to attend the AGM this year. Have you heard the sad news Mrs Webmoor passed away last year. See you at the AGM.

Lets hope AEX time is approaching

what do we need

A good PR opportunity for the minster to announce the licence as been issued if it has not already - anybody know of any

With the FT hitting an all time high it would be good to have a first class RNS for our share price and we might even get to the top of the leader board again - with a predicted reducing base rate it should stimulate share prices generally over the next 12 months.

The Daily Telegraph business section predicts that oil and gas shares should do better than other sections in a rising market - lets hope so.

Hi Cashiintime

Aminex is MAIN MARKET NOT AIM