Member Info for matherdj

And dunder, i mean with respect to crustys feedback from the egm which I'm sure you would've seen

Dunder, what's your take on the situation with the Tanz gov and the oil and gas industry in general? Have you heard anything from people you still know in the business?

Computer gremlins.

Cheers crusty. My guess is we are running on fumes and march 31st seemed a push anyway. Lets hope this license gets her pronto.

Thanks for getting back to me re bod changes CP. With regard to the license extension being a 'how long is a piece of string' situation, did you get any confidence from them that kn1 would be producing anytime soon? Surely this must be the focus to keep the lights on as we wait.

They've said some transfers will happen to APT. Did that come up in conversation crusty in terms of any detail?

I think I've got older faster thanks to the last 18 months. Hopefully not much further to go. Licenses please?!

There's nothing to say they will walk away from the farmout steve. They've already extended the date once. I know what you are saying though and it wouldn't be a good situation. Lets hope its sorted ASAP so we don't even get close to March the 31st for completion.

That's amazing rdajee. So you managed to get your shares at about 0.45p? Truly amazing. One might even say a miracle?

Good luck Keith. Horrible situation.

Happy new year to everyone. Lets hope the license comes hot after the egm so we don't have to endure coming too close to the March deadline. Good luck to all and I hope 2019 brings many happy days to everyone :)

You left us Irish, you selfish bastardo ;)

The farmout will make shareholder returns and will speed up the development, but if you think taking all the exploration risk and then selling 66% of your asset for roughly the same or less than you've already spent getting it to where it is, is a good deal, then surely you must be in a corner? No point looking back now, they just need to get the farmout done and so far that's not gone well.

It was all put forward by the aminex bod tanz. Fully funded for nt3 (as it was known), EPS and then self funded from the three wells production. Obviously this wasn't enough assurance for the government which I totally understand and at the time I thought strange, but the bod stuck to their story. Where they are now leaves them only one option of the farmout and they always would have had to when you look at the dev plan costs and the financial commitments that will be required for the dev license to be granted. The failing is the weak position the bod worked themselves (or were worked) into of no income and no cash, which has forced a very low offer considering the asset. Remember aminex probably spent close to, if not more than, 40m getting the asset to where it is today. That's not a good story to shout about. Still good times ahead if the farmout goes ahead. Lots of games seem to have been played since nt2 came up much bigger than expected.

You're not suggestion any manipulation BG are you?

To be fair though that wasn't what I was posting about. It was suggested that posts on this board could influence government decisions based on them using this as a feeler for shareholders commitment to the development. The original post was removed which I did find very strange as just drewkys opinion.

I hold my head in shame crusty.

I was just being polite dunder.

Certain larger shareholders then yes, but not the average retail investor and certainly not by reading posts on these boards! Anyway, aminex would be funded and APT in control so that removes a lot of that risk. That's what this is all about don't you think? I think to suggest what's said on these boards could affect anything from the governments perspective is madness (in the nicest possible way)

The farmout is binding between aminex and the zubs pending the license, so aminex wont be in control of the project plus will be fully funded. No government will be looking at these boards as part of their judgment, which is what you seem to be suggesting? These boards really do mean feckall in the bigger scheme of things. The sp will move when fundamental developments happen and there should be quite a few in 19/20 if (hopefully when) the farmout completes. A few months to go and then a big sigh of relief :)