Member Info for Robbie1424

Tarry- interesting comments and one which should be rectified by the bod. Ara will be in control and can cancel drilling to get aex very cheaply to leave the party They need written clarification in the deal that drilling, monetising Ruvuma within set timescales otherwise they could really hold off doing anything just to take out aex. Is this possible?

Black gold- That’s a fair comment ref Ara and negotiations as this still could really turn out well for aex.

Power play- you do have a point there. Ch1 will be a difficult well with very high pressures. Risk/reward If they pull it off I fully expect some large gas numbers that goes with the territory of high pressure wells. I’ve never liked the way this company has been ran but it looks like a done deal now. Let’s hope Ara get things moving

Do not let this bod get away with trying to smooth this over. Vote of NO CONFIDENCE and get rid before they do even more damage to shareholders! Not good enough! Does any one know what the other larger shareholders stance is or have they been silenced too JB out and half the board with them as they are not needed. Let Ara pay their wages as they have worked for them for 12 months

I’m with Crusty JB needs to go and half the board needs to be let go as not required. The man has failed miserably and if aex are to make anything from the other smaller assets instead of them being stolen again from Ara then we need someone else to can steer the ship. No confidence in JB at all. I’m pretty sure they will get more than 40 scuffs but just again highlights the **** poor deal this man has achieved for shareholders. But hey he’s lost nothing. Not right and he should pay the price and leave. Vote of no confidence. I would of left the stuff in the ground until the Tanz Govt were desperate to get it online! Years of waiting maybe but we’ll be waiting even longer now to see a decent return.

So where is all the oil? Is it being stored onsite as I don’t believe there has been any trucks onsite to takeaway Surely they would not hold that amount of oil onsite? Or do they have provision for that

This has been planned for along time! This is fraud on a large scale as JB had a duty of care to all shareholders. We all talked about it over the last 12 months That’s why they have done nothing for 12 months. I would say there is a big case to answer

Vike- worth up and over 3 bill so is it a good deal? They are certainly going to unearth further finds

It may but we might also be at 1p by then Jb needs outing for this and I cannot believe how much he gets paid- for doing what exactly.

I’m prepared to lose the lot as I hate being done by anybody and quite willing to cut my nose off to spite my face. Answers? Can we do anything?

That’s how **** poor they are! I’m starting to think we all say NO and scrap the deal. Yep years of more shite but at least we are not sat watching zubs make billions out of investing a poxy £50 mill Also the bod made this look a good deal until we heard the ins/outs from attendees of the meeting. Sorry for outburst but we now get 4 tweets in a few days about possibly the worst deal they could make- shameful and making me a little angry. For a start they need to sack half the bod as they are not required and JB needs replacing! I think I would rather lose the lot

Gaslady- Only deal in town? So there is not any companies out there willing to give 100 mill to make what looks like 3 bill income? This deal has been done behind closed doors. Aex should put the for sale sign up and see what comes knocking. At those prices they will have many takers for 2 tcf of gas. I can still see some value in this for aex/shareholders moving forward as I’m certain they will unearth more and more gas but it does leave a bitter bitter taste when we all know we have literally been raped. So I don’t think it has been the best deal in town but just convenient for the zubs to try and get away with daylight robbery. Companies need to step forward and take on the Zubs.

Has this been mentioned at all. From the info I got back then nt2 was going to be a gusher. I mentioned greed when I first invested and this has proved the case in point. Aex make some great finds and the big boys muscle in. Surely there are other companies out there who would give a lot more money for the asset on offer as after all this could turn out to be any where up to 3 bill in revenue on what they are sat on. Which then makes aexs 25% look tasty on the income side but still we have had to give 100s millions away for what is a pittance.

Investors will be more at ease now putting money into aex as they are now guaranteed that the Ruvuma assets will now certainly be monitised. There was huge risks associated with aex which have now all disappeared with today’s news. Just shows what power and money can do as this will move 100 times quicker than anything aex could have achieved.

Assets will be monetised a lot sooner Also do you think there is only going to be 40 scuffs per day produced. There is a lot more gas than that but aex could not achieve this without Ara. Nt2 was fooked up and would have delivered that on its own. Lots more finds to come especially at ch1. Aex are in a good position and yes they have had to take a lower price to realise further great incomes moving forward. Ara could have screwed them to the wall or even taken this private as we have seen in the past with other companies that have made big finds. You watch how quickly things will now move Liscences signed Wells drilled Spur lines put in place. Would have taken aex years but not ara

And I’m very surprised! They could have screwed aex to the wall. No more funding problems Cash in the bank Great Assets that will be producing sooner bringing in great cash. Ara run the ship and they have huge power to get things done Quicker drilling, quicker to market and probably at a better price. New spur line will be done All looks good to me over having to keep on struggling with no pull, more and more dilution and how many years until aex could get assets producing. Would of liked them to drill ch1 first but Ara ain’t daft. Lots more gas to be found and more importantly used/fed to market. What’s not to like

Yes I think there’s going to be some meat added to the bones in the presentation Should get a good lift this afternoon. Bod dug themselves out of a hole big time. Should be a bed of roses for aex from here on in. Expect drilling on CH1 to be announced and wouldn’t be surprised if the spur line now gets the go ahead. Small part of me would like to have seen aex drill ch1 first as it’s gonna be a biggie and swell the gas reserves.

Ara not Zara- fat finger in the excitement

They can’t fail now as Zara will do all the funding and these projects will now be fast tracked under their guidance. All listened will be granted, spur line installed. Cash will come rolling in any ch1 will be a gusher. Lots of climbing yet by aex I feel

Just looke in as away on hols Fully financed/full carry!!! This company is going up up up Got to be worth at least 250m market cap That’s approx 6-8p Glad I kept topping up!!!