The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
A statement from the new CEO would be nice. Proof he's taken up his role.
Lets see if Mr Calgary buys more this pm.
A lot is about to happen down in the Falklands. BOR won't stay quiet for long. Now is the time to buy before the Falklands oil news get's noticed.
BOR are going for an FPSO that doesn't require a refit or modification. They will design their subsea assemblies to match the FPSO. This is how you design a field development around the FPSO. Saves on costs and time.
The 400k @ 2.75 must have been a buy
Does sound like they will be announcing a new schedule of drilling the other sizeable prospects. Pretty sure when they get the rig they will keep it for more than one well..
Charles Santos, Executive Chairman of Aminex commented:
"Completion of the 3D seismic data interpretation is another important milestone for the Ntorya gas field development, and I am delighted that the results are so positive. The quality of the new 3D seismic dataset was excellent giving the JV partners the ability to map in detail the Ntorya gas discovery, refine volumetric estimates and provide the basis to locate future appraisal and development drilling targets. We are particularly excited by the significant potential gas volumes now identified in other untested structures within the licence area. To place these volumes in context, the Ntorya accumulation is potentially the largest onshore gas discovery in East Africa and, with the sizeable new exploration targets, should be much less expensive to exploit than offshore resources. Further announcements can be expected detailing a future programme of drilling and an associated schedule to commercialise these exciting new opportunities and add further value for all stakeholders."
I hope Mr Calgary takes the ask out and moves it up..probably only needs small buys.
2.2m buy reported.
Sand jetting does fail. Look at BCE.
CHAR another example.. valued at £80m
AEX £35m...perverse
When you look at companies like PRD valued at £42m with not one thimble of gas proved or flowed you have to wonder why the markets in the UK have no credibility on valuations.
Mr Calgary this afternoon will shoot this through 3p...he hasn't woken up yet.
Stacked reservoirs, 16.4 TCF of gas, 20MM barrels of condensate, Jurassic oil amplitude on seismic.
http://admin.aminex-plc.com/uploadfiles/APT%20-%20Revised%20Resource%20Potential%20-%20Mtwara%20Licence.pdf
Fully funded. Cash of $5m in the bank.
We expect the remainder of 2023 to see significant information flow regarding the multiple workstreams mentioned above. Moreover, we have the funds to see the Company through to the anticipated commencement of cash flow receipts from sales of Ruvuma gas. These developments offer the opportunity for real value growth in the coming twelve months.
Makes total sense and reduces costs.
It's the confidence on the size of the resource that makes drilling more wells easy to decide. After CH-1 results I bet they move on to drill more wells while they build the pipeline. In the oil and gas game, when you're on it you drill and don't stop.
They are going to need a bigger pipeline.
Let's suppose ARA bring forward the other wells to drill. With this massive news and a rig about to be contracted you would think they will want to hold onto the rig and drill more wells. Who knows...if they sign a rig contract with options to extend they can drill more wells after CH-1..I know I would, particularly if getting a rig has been difficult. Hold onto it.
Pipeline doesn't matter. It's the development licence and drilling and NT1 & 2 news that will keep this bubbling.
Absolutely massive when this sinks in. It's real and Aminex fully funded. 3p+ over the next few weeks as this will steadily rise and development licence and actual drilling begins..Load up all you can sub 1p. No brainer.