Member Info for matherdj

Just a quick response from me. They will get 3m on completion of the farmout and a furthe 2m after 180 days. If the farmout completes the sp will be significantly better to now and especially after spud dates are announced and still completed. A raise will be needed.

The potential for just Ruvuma according to the io report is 40m dollars per year. What’s the average P/E ratio for o&g? The only fookin thing is how long to get there.

I think you can’t read fjones whether by ability or choice. The rns is all about the current extension and the fact they will extend if needed/required.

Aminex are paid in US dollars.

I certainly don’t see a drop like that bluff and I don’t think it’s easy to call either way. We could see a rise as it’s great news they will extend if needed. Think about the alternative which certainly could have been in the thoughts of investors.

Strange/interesting that previous extensions have been 4 months and this time only 3. You couple speculate in both a positive or negative way about that. Anyway, good news it’s still on :)

November 30th Max. Hopefully the last extension required.

Agreed vike and good to see a reasoned voice back.

Fjones, read the chair statement in the last financial update where they already stated they expect the license by the end of the year. Nothing new.

RXDav, I think you are spot on.

No Max, once the date is missed it MIGHT drop further. My opinion, contrary to yours, is it will remain where it is due to very little expectation from shareholders that the date will be met.

To run along side the oil pipeline due to be completed in 2020 but not sure about the timeline for the gas pipeline https://en.wikipedia.org/wiki/Uganda%E2%80%93Tanzania_Crude_Oil_Pipeline

And to Uganda with this pipeline where the gas would be used for smelting https://en.wikipedia.org/wiki/Tanzania%E2%80%93Uganda_Natural_Gas_Pipeline . There was talk about it diverting off to Kenya at the time.

Unbelievable frank. Where are your morals? So much for your Buddhism. You should be ashamed but I doubt that’s the case. What goes around comes around and I guess that’s why you seem to lose money in most investments you make. Maybe try a little integrity for a change. It might pay off.

Hi Northern, the long stop dates are arbitrary and not linked to any events that would mean the license is due at that time. It will no doubt (IMO) be pushed out another 4 months, 10 days before as previously. My thoughts are this will be the last time this is needed, but not the last time it will happen if I’m wrong about that.

As this person has stated their plan to attempt to talk this down, I think it right his posts are reported. I certainly will be if only to get the repetitive drivel gone.

Of course not TT, suggesting the share price is so irresistible especially for the bod who know the exact situation could never be seen as suggestive.

Almost as bad as ANGS hey RX, but at least aminex have found plenty of gas and are waiting on the paper work at which point they will be funded for full field development. Might be worth getting back in for you in the not too distant future. GL

Steve, 1000 bpd x 15 (profit per b (low estimate)) is almost 5.5 million profit per year. I think they had 3 mil cash. Cloud cuckoo land if you’re expecting that. No insult meant, just saying!

And max, whilst the zubair corp might have some influence, the reviews going on are way above that when including massive offshore finds and 30bl lng plants. General red tape maybe, but zero influence on the entire gas strategy/terms of Tanzania.

The takeover option is there, but as I said they have extended twice and supported the last fundraise for Aminex to keep the lights on. Without those they could have taken Aminex out from much lower than we are now and much sooner. Maybe you didn’t get my point.