Member Info for RogerJolly

Crusty do you remember what the maximum back in % was?

Obviously if they do take it up then whatever they take if any, it would be only 25% of that attributable to Aminex.

Although it would mean a little dilution; because it means they will have back costs to pay, (maybe paid as you suggested yesterday), it would mean they have to pay their share ongoing, which would make Aminex free carry last longer and once all used up, further ongoing costs will remain that % lower with them paying their way.

By that time Aminex should be rolling in income so personally I don't see it to be a painful negative.

This weeks Energy show has bought good news and lifted spirits, a few of which were drunk on Wednesday evening. With the expected confirmation due at any moment the 14th to 16th May summit will likely bring even more interesting news to the table. I think we will see a steady news flow throughout this year and beyond.

Were you not underwater needing 4p at one time RoJo?

Now it seems to be 2p so it seems you have been buying cheap on the sly 😜

Thinking of the ideal release time. 🤔

11am today could bring big movement and make news in the weekends financial press that will bring the herd for a massive rerate on Monday.

Any thoughts on best time?

Tbh as long as all the I&Ts are dotted and crossed I can wait.

This is Tanzania, there has to be a photoshoot. Say cheese 😁

Most likely Monday but watch out for an intraday

I noticed but knew what you meant 👍

Sounds plausible. I expect all will be revealed in the upcoming news flow.

Yes Crusty that was my thinking too (I don't think they have the cash) but I had forgotten what TW had said.

An FFD would be a combination of both. Although you develop the field, each drill is in fact an exploration and although the chances of hitting the target on now very high, no drill is guaranteed to produce.

At least, that is how I see it.

Rns on a Friday are usually something to dread but the one we could well get tomorrow looks set to be a corker for those lucky enough to be in right now.

Confirmation of the development licence abd some meat being put on the bones.

If our CEO and ARA are in fact in attendance at the energy week, it could possibly be Monday when it becomes official. It will be interesting to see how it finishes at close today.

I'm going for blue

That's true crusty the decision whether to take up their back in rights have not yet been confirmed, however while those rights are available to them, I'm not surprised that they would class themselves as partners. Afterall the language trend these days seems to be that everyone is a stakeholder 😂

From recollection they have an option which they may or may not take up the full amount, something that will perhaps be clarified with the announcement, because they would have back costs to pay in one form or another would they not?

Ara and Aminex are in partnership with TPDC.

Ntorya is in the Mtwara region.

Ntorya are the names of the first drills NT1 & NT2

Aminex and ARA jointly hold the licence for the Ntorya area.

Ara and Aminex have been granted a GSA Gas Sales Agreement back in January with the Development licence to follow imminently.

Would the clown suggesting that the following excerpt from the speech doesn't apply to the above please enlighten everybody who and or what else it could possibly apply too?

The first English news confirms the translation "Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region." https://www.ippmedia.com/the-guardian/news/local-news/read/western-regions-to-be-linked-into-national-grid-next-fy-says-biteko-2024-04-17-101538

The clowns have arrived

Very much Crusty

Was it 16tcf at top line?

It's a rat trap, but eventually you should be a Boomtown rat

David while we see the news, we don't tell lies on here. Aminex have not confirmed by twitter and they could not do so without an RNS being published first.

If you are going to ramp at least keep it factual, they are media reports at the moment from the speech made at the Tanzanian Energy week.

An RNS is no doubt being prepared and judging by past their may even be a signing ceremony at the event.

Don't feed the bears Fake new title. Its genuine.... The first English news confirms the translation "Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region." https://www.ippmedia.com/the-guardian/news/local-news/read/western-regions-to-be-linked-into-national-grid-next-fy-says-biteko-2024-04-17-101538

All over the Tanzanian news.

We just await an RNS to provide the details.

The first English news confirms the translation "Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region." https://www.ippmedia.com/the-guardian/news/local-news/read/western-regions-to-be-linked-into-national-grid-next-fy-says-biteko-2024-04-17-101538

The first English news confirms the translation "Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region." https://www.ippmedia.com/the-guardian/news/local-news/read/western-regions-to-be-linked-into-national-grid-next-fy-says-biteko-2024-04-17-101538