Member Info for matherdj

Bg, just be grateful it seems to now be on the agenda of the gov with the budgets signed off from them to support. I think time has proved the wishful thinking of 'clout' is simply misplaced.

We already found that out ICB and that is the government will work to their own timetable and there is very little concept of 'clout'. When they need things to move, they likely will. Look at how long the farmout took to complete.

They don't feed him anymore so hopefully not.

Seems like it might drift and pick up in September. It's been a good rise but BT has been a good example of 'go away in May" ( this May excepted).

The 3d was part of the work programme too, but needs additional sign off.

Strongsellmanos. These boards do make me laugh with these panto names.

Yesterday's update was positive for anyone with a longer term view who doesn't need the cash short term. Derisked considerably by both the funds and the show of support from ARA.

....and it also shows support from ARA which I wasnt so sure about previously. The terms are not known, but at least it's there.

I am slightly unsure, but recoverable should be 2c resource (recoverable contingent on development) and that was previously at roughly 770bcf. I must be wrong on that or they'd be shouting from the roof tops I'd of thought, but it is internal ARA thoughts and not (unlikely to ever be) CPR'd.

Good news is they have the funding sorted and should be enough to take them through. I'd say apart from the delay, this is pretty good news for LTHs as long as there aren't further delays.

Volume is so small these trades discussed mean nothing.

I partly agree. There must be value in the carried asset. The problem is that there appears to be no interested parties (look at scir). If they sell their % at a reasonable price, again, could shoot up.

But, zubairs have a lot of control over aex and there is more value in the asset than aex. If they show support in a funding arrangement then onwards it goes, but previous apparent support is no indication as it was a necessity to enable the transfer of 50% and operator control smoothly.

2c proven resource of 770bcf of gas. That's worth the spend, right? We were talking about aex ability to keep going and you mentioned the zubairs being committed to their investment in them. So far they kept them afloat whilst needing the farmout to complete. Back to square one and the important question is will they now, when if aminex goes bust, they get their share of aex asset anyway after default? I'm not saying that will happen, but things are very untransparent and less than reassuring given how things have been.

A simple sign of progress and this will shoot up. The opposite, as always, is where this is.

They have 50% of a multi billion pound asset with plenty of potential upside and so far it's cost them about 26 million. I bet they are well p$$see off :)

I'd hope they will, but why not already? A deal where they pay back on first gas with interest? Maybe they will eventually. 25% of ruvuma compared to 30% of aex? Where is the most value? They really need to show they have a means of funding till either raising at a higher level or first gas in sept 2024. There doesn't appear to be much appetite for the asset other than the zubairs.

They supported aminex whilst they needed the farmout to complete. We are yet to see if they'll support them now. I'm not suggesting they won't, but previous support was self-interest.

Nice try, BP :)

Desperate.

See how he pinned me there.

Keep going, lucky. The more a fool(s) you lot show yourselves to be. I'll leave it there and not post again (for a while).

That's the other angle used a lot. 'Why are you here. To save us?'

It was being said when the price was 1p and above.

Just intrigued by the soap opera and how it all pans out. Its incredible how much of a joke it all is.