Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
It's been a long time with next to no activity on the licenses so unless the tpdc/gov start to apply any pressure I'd say they'd wait it out for another 3 years till they have income from ntorya and avoid the dilution. They will probably be able to raise funds to keep them going at a higher MC around the drill with minimum dilutive effect. IMO if tpdc don't start applying pressure, it makes more business sense to wait.
It simply highlights the fact that there is a timelines for extracting value from fossil fuels, a problem that previous governments have failed to recognise. Use it or lose it. Gas will be used long after oil, and even oil has a way to go yet.
Highlandmatt, http://admin.aminex-plc.com/uploadfiles/EGM%20Presentation%20Jan%202019_Final_long%20v1.pdf
$40mm net to Aminex at 140mmcf/pd using kiliwanis gas terms as the basis. Not sure the link above will post properly, but it's from the EGM presentation on their website from 2019. It was also in the farmout circular.
I think it went to 3.4 on the day the Farmout was announced and in the same day or by the next was at 2.2 or something like that, Chris. It wasn't received well.
However, rewards should now be reaped in the next year or so.
Unless you've seen more than that screenshot, you can't know that. It's just as likely, if not more, it's the parent company in Oman. The guy who took the screenshot could have easily taken a more conclusive shot.
Drill bit turning and more gas found are two very different stages, but I agree 2.4 is possible while drilling, maybe towards the end. Comparing CHAR share price to AEX without noting number of shares in issue is simply wrong. They hold 75% interest too.
'The decision for them now is do they accept they've missed 0.6p and buy at 0.8p,'
A lot of posters were saying this back around May time when there was a but of a spike. Its looking like a good year for aminex IF they're able to stick to the plan outlined. Need proper news to get any rise that holds.
I agree re the funding aspect mrc and most people will wait until that's in place before investing. The drill is both development and exploration with the second target. They'll be plenty of hype around that and talk of oil etc.