Member Info for SQ320

This is a reason why expoet markets for gas are so important - that's where you get the FX to help pay for domestic sales.

Mr. B Caltech is not some latter day Perenco. It's just a front. They'll get paid of with a few grand. Likely someone in the government reckons they can run the business themselves.

And what if we are looking at multi-tcf across the 300 sq km? Possibly oil ...

They are going to need a shedload of money to develop Ruvuma. I am expcting a fundraise 2024/2025 at above 5p.

"The presence of Western forces was far from universally popular but the country was receiving hundreds of millions of euros in annual financial aid and military assistance. That has now stopped. "

This is the problem in a nutshell isn't it?

For a country as resource-rich as Niger and which powers the French nuclear industry, it should do well enough to get a fair price for what it extracts and sells.

A reason why African countries like Burkina Faso are turning to Putin, is because they have had enough of being labelled basket cases while France reaps the benefits.

Thanks StockCheque, your post duly recommended.

PoC

CP said this about the pipeline:

"- The BoD and SAG were guarded when questioned about the pipeline though fully recognise that all timelines for production are totally dependant on it

- They have no knowledge of when they will be starting the groundwork for the pipeline nor if or who is contracted to build it "

My overactive imagination has the following conversation having taken place:

APT: we'll need to cost the pipeline construction, it won't be cheap

Tanz: Pipeline is easy we can do this

APT: there's lots of moving parts

Tanz: We got this - a friend-of-a-friend is a specialist in road building; housing construction; building bridges and gas pipelines

APT (amongst themselves). We'll let them find out for themselves and when they come back to us to help them out we'll have more leverage. Shareholders will scream if there are more delays, but it will be worth it for future negotiations.

Thanks CP - very helpful.

"- They have no knowledge of when they will be starting the groundwork for the pipeline nor if or who is contracted to build it "

Won't we need to build some gubbins at our end of the pipe, so you'd expect APT and the Tanzanians to be working closely on it??

The opportunity to bid may help explain why they are so tight-lipped about 3D results. As for funding, if the 3D results are good enough to merit them making a bid - the PR campaign will kick off, the SP will go up and they'll do a placing.

It's game on for Ntorya. What have they seen for the rest of Ruvuma that merits a separate GSA and FDP?

"Encourage the takeover of Aminex. Apparently, even a takeover has regulatory risk as witnessed with Wentworth and Maurel & Prom. Be happy with a 30% premium to market and, hopefully, the takeover will get approval without attracting too many regulatory bodies each requesting a fee."

There's lots of ways ARA can gain economic value from AEX:

1. Sell % equity stake it has in AEX which don't involve a change in ownership

2. Use AEX to raise capital (once it has multibagged from the current price)

These are the two most obvious benefits that ARA has in having its interest held via a plc and why I think it will continue with this structure for a while yet.

"If there is price sensitive information then an RNS is required"

Correct me f I am wrong but your statement should read, "if there is price sensitive information THAT THE COMPANY IS AWARE OF then an RNS is required".

There could well be information that ARA/APT are aware of and which they choose not to disclose to AEX.

If what I have said is true, it could also include e.g. situations where someone in ARA accidentally/by mistake left something on a table and Santos happened to get a glance of it.

We've previously come across news that they have been consulting landowners etc. about compensation, so the next stages of the pipeline construction look to be a goer.

Third attempt

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second attempt:

****/aminex2022

telegram group:

*************aminex2022

Crusty, while SCIR could well end up with less than they had bargained for - that is pretty much an issue between them and the Tz tax people.

Given the lack of leverage that SCIR have over the Tz's, I doubt there will be much scope for negotiation. Certainly, I don't think ARA will see it in their interest to fight in the SCIR corner.

While it could delay our progress, it won't have any substantive effect on it, I think.

Reading the article I came across an ad for a natural remedy that solves the 'quick pouring' problem. way. Never heard of you-know-what being referred to as that.

Though 'pouring' is not the verb that comes immediately to mind. Perhaps for some men it works out that.

The next RNS will be in the next two weeks or so and it will have the date of the AGM, which has to be held before the end of June. Companies have to give a min 4 weeks notice of an AGM.

To be fair, the substance of the RNS is dictated by ARA/APT. As their appointee, he has a say in the wording & nuance etc. But the RNS represents what they want the world to know.