Member Info for matherdj

Yes, 2.2 would be owed back, but that doesn't cover the 5 million loan which started as an advance. I'm not trying to deramp here (it's just how it is) and will leave it at that.

And to be clear, it is not 'owed' to Aminex until the farm-out is complete.

Yes BG. Costs that are due on completion of the farm-out for work carried out on Ruvuma since the farm-out agreement was signed.

2pm.

The security is in place right now and once the farm-out completes they will be able to pay off the loan (pending on how long and the amount of interest accrued) with the proceeds of the farm-out agreement. They have the right to ask Aminex to pay the monthly interest on the loan, but for now aren't doing so. Very precarious situation, but for now the Zubair Family (happy Bucklerfern?) are playing in a friendly way. They are also paying the back-in costs to Aminex to keep the lights on in monthly instalments which is expected to keep them going till May 2021.

It's a loan accruing interest and secured by all of Aminex's oil and gas assets. I don't think it can be clearer? It was an advance until June 31st when it converted to a loan which was the original agreement and all RNS'd.

Edgar, it is a loan and it's secured by all of Aminex's oil and gas assets.

What he said was that he would be disappointed if they hadn't spud by Q1. That certainly doesn't mean it can't be before. The thing that confused me was that SOLO put out an RNS saying about expenditure for the drilling activities planned in H1 2021 and then Max being told it could be this year - so conflicting info there. I see no reason why they would have to wait till then if it was signed off tomorrow especially considering all of the work they say has been done in preparation. Clear as mud, but until we get sign off, we won't know any better.

At least you can sit and watch it dry when done BG :)

Transparency Crusty? There is none. We are being told that the BoD are working 'very closely' with the authorities, yet if you ask them whether they have based the extensions on information from them about how long it will take, they have no idea. No inclination at all as to why it's taking so long or whats left to be done to achieve that signature. Working closely my a*se.

Probably The Zubair Corporation, Bucks...sorry Bucklerfern; or is it The Bucklerfern Family?

I should say especially the zubairs.

You can add 20m to the 105m for their investment in aminex. You can't blame them for wanting to protect that. Seems like a step change has happened and once the dust has settled, should be good for shareholders including the zubairs.

Totally agree. Interesting few weeks ahead and hopefully they can get things moving.

If you look at what's been achieved by them you can understand why they'd want rid. Absolutely nothing.

I think he meant 3 since the drill which was also transformational. Certainly was but yet to see the upside. What the f**k are the gov up to? Even Aex dont know so where's the relationship/comms?

Yes crusty, it will get extended. Boring and tedious, but not much changes.

I think the last four showing as buys are actually sells.

Cycling to Exmouth today BG on a promise of krispies chips. Paddle boards in the evening to work those off :)

There's very little informed discussion. That may be a pr issue.