Member Info for P0werplay

Reasonable enough post and I feel the pain too of being here since 2010. I do feel 5p can be easily obtained with remediation to KN1 together with possible spud of KS1. Add to this CH1 together with the reworking of NT 1 and 2 I’d be looking to achieve well over 40mm and therefore well in excess of £12m pa

Drewky www.oilnewskenya.com/ara-petroleum Hope that helps

Farm out is expected to be concluded by 30 Nov 2018. So I’d not expect notice of EGM until beginning of November earliest

There does seem to be light at the end of the tunnel. I’d say this now is a reasonably safe investment that should give shareholders a decent return over time. I’m happy enough to wait to double my money(7.4p) and leave a decent amount for longer term growth

Actually over the period that would be the bare minimum. By the time you add on the likelihood of KN1 and KS1 producing income together with possibly liquids then I’d say more like a billion dollars ;-)

I gathered lol. Yeah I agree. Your post makes good sense

Also as we progress to FFD then we may see more upgrades to the 1.87TCF also

As you say Pete we have no idea of what the figure will be as it will/should include an extra allowance for the pipeline and may be slightly higher too. I severely doubt the Zubair Corp would lock themselves into a GSA that didn’t allow periodic revisions to price over a 30 year period

Don’t know if calculating correctly but I work our share at that price at approx 635 million

It’s a no brainer Tarry. Anyone looking to invest now has the position of virtually no downside risk but plenty of news that should propel the share upwards like EGM ratifying deal Chikumba 1 spud date Commencement of 3D seismics Commencement of pipeline Development licence All looking good I’d say

Really something has to be said here about the malicious concerted attack on one person here. This really is the lowest of the low perpetrated by what I would call no less than scumbags. So many people purporting to be shareholders but do and say everything to cast plenty of doubt You should be ashamed

Sorry patch. Corrected I think we all realise that the deal was nowhere as good as it could be but we weren’t exactly bargaining from a position of strength were we?? Massive dilution or a loan followed by CH 1 being a duster would surely have spelt the end. At the very least this deal keeps Aminex alive till production and with a healthy £12-£35m pa projected then it’s not too be sniffed at. Even better that we are looking at 2020/1 and not some time later It is what it is. C’est la vie !! No point crying over spilt milk it’s changing nothing

I think we all realise that the deal was nowhere as good as it could be but we weren’t exactly bargaining from a position of strength were we?? Massive dilution or a loan followed by CH 1 being a duster would surely have spelt the end. At the very least this deal keeps Aminex alive till production and with a healthy £12-£35m pa projected then it’s not too be sniffed at. Even better that we are looking at 2020/1 and not some time later It is what it is. Cel a vie !! No point crying over spilt milk it’s changing nothing

Very obvious this stock will be shorted up to the egm as highly unlikely there will be any news prior. Just means it’s a great time to start building a holding or add to what you have With no risk to production and multiple news to start flowing then all the shorts will be closed out and they will go long. I’d imagine at that point the share price at present will never be seen again or even close to

Your right rax it is no longer the Company it was (fact) It has went from the brink of bankruptcy with huge assets in the ground that it was never going to be able to monetise to a Company on a more solid footing financially with a free carry to 12-35m pa production What’s not to like?? Can you dispute this?? Forget yesterday and start looking forward

Agreed Mather although very cynical considering they could have just let Aminex fail and taken the lot ;-)

Be an idea to get a deal sorted in the near term rather than being poleaxed at the last minute

Crusty I would hope that the old adage of once bitten twice shy would prevent such happening again.

How much better can it get. Forget the past. 25% share in a find of national significance with a free carry. What’s not to like. As soon as the farm out is voted through,licences issued and spud date given then this will FLY FLY FLY TIME TO START BUILDING

What a great investment this now is for people to climb aboard. As Crusty says very little downside risk as free carry to production and yet I believe still plenty upside to be had Fill your boots