Member Info for Ufufuo

Thanks for posting those photos of the flare. Impressive!! Ever seen gas burn with thick black smoke like that? Nope, me neither. Look like oil to me

Great RNS. Should be a strong blue day today. GLA

1.30p paid. Can she push on any further into the close?

1.29p paid

Good to see some confidence returning

*sp

Spread at 16.67%! Time to raise the bid and that will see so at 1p

Sorry, not had my morning coffee. You are right..160 paid!!!

Doubled on last discovery. And exciting 3 weeks ahead. Good luck all holders

Up she goes!! ;-)

The market will soon wake up to SDX and realise that it is bargain of the century.

* Diversified across two countries
* Further resilience as producing from multiple wells in each country
* Cash as at 31 Mar 19 $11m
* Annual revenues of over $50m based upon
last report (affected by workovers in progress - so likely to increase)
* Market Cap $40.5m - so ignoring cash and future potential and not even 1 x current revenues!
* Significant additional production to come on stream Q4 - ramping up to a net 28MMscfe/d by Q1 2020
* Drilling programme of up to 12 wells planned for Morocco, potentially starting Q4
* Drilling programme of up to 5 wells planned for Egypt in 2020.
* All of the above fully funded from future cash flows and existing liquidity

This is such a no brainer at these prices

Posted again for your convenience:

On the assumption that licences are granted and farm out completed- add about 1p
KN1 producing again - add about 1p
Spud date set for CH1 - add about 0.5p

So put me down for 3.5p on that basis. Then, topping out at 10.5p during CH1 spud. Then about 2 or 3 years later, full field development yielding minimum $40m net to Aminex. Assume $5m net from KN1 and $10m net from Kili South. That would give a fairly conservative net income forecast of $55m (£44m)

Average PE ratio for O&G is 25.4 - https://www.investopedia.com/ask/answers/012015/what-average-pricetoearnings-ratio-oil-gas-drilling-sector.asp

You could argue that you need to throttle that back considerably due to political risk etc but I think things will feel a lot different once the licenses are sorted. With net revenue of £44m and approx 3,770,000 shares in issue, at the current share price we would have Earnings Per Share of £0.012 and a PE ratio of just 0.625

With net revenues of £44m, for a PE of about 15, the share price would need to be at about 18p! Remember, that's for a PE of 15 rather than the industry standard of 25.4 (...to get to that the sp would need to be just over 30p). So, those are the kind of figures that will eventually wake the market up and that will be the direction of travel if all goes to plan. Sleep tight amigos

I was in for 3.5p. See my post of 01st July

So am I. No brainier. Share price at historical lows. Producing company. Production due to increase considerably in Q4. Fully funded for ambitious drill programme - also set to commence Q4. One of the easiest purchases I’ve ever made!

Am in Hurricane as of this morning. Thought I’d say hello :-)

Was researching companies to invest in last Friday. Decidedly upon Econ and Hurricane. Was too late to buy on Friday. Bought in this morning and obviously missed most of the initial rise. Well done to those who were in already. This is a company making discovery and with the next well due to spud later this month, I’m confident that this is just the beginning

Minor clarification, that’s 3.77bn shares in issue. Calcs are correct on that basis

On the assumption that licences are granted and farm out completed- add about 1p
KN1 producing again - add about 1p
Spud date set for CH1 - add about 0.5p

So put me down for 3.5p on that basis. Then, topping out at 10.5p during CH1 spud. Then about 2 or 3 years later, full field development yielding minimum $40m net to Aminex. Assume $5m net from KN1 and $10m net from Kili South. That would give a fairly conservative net income forecast of $55m (£44m)

Average PE ratio for O&G is 25.4 - https://www.investopedia.com/ask/answers/012015/what-average-pricetoearnings-ratio-oil-gas-drilling-sector.asp

You could argue that you need to throttle that back considerably due to political risk etc but I think things will feel a lot different once the licenses are sorted. With net revenue of £44m and approx 3,770,000 shares in issue, at the current share price we would have Earnings Per Share of £0.012 and a PE ratio of just 0.625

With net revenues of £44m, for a PE of about 15, the share price would need to be at about 18p! Remember, that's for a PE of 15 rather than the industry standard of 25.4 (...to get to that the sp would need to be just over 30p). So, those are the kind of figures that will eventually wake the market up and that will be the direction of travel if all goes to plan. Sleep tight amigos

My post is missing lots of things. No license for Aminex right now being the biggest. My earlier post also omits the fact that I think WEN is a good company, in a much more secure position than Aminex. They are a company I’m keeping an eye on to see where there strategy takes them.

However, for now, I’m invested in Aminex for the risk reward equation it offers. There is plenty of risk, particularly until such time as the license is granted, but I think the likely reward from Aminex is also potentially far far greater than from its competitors.

Hopefully we will all prosper!

WEN GSA allows them up to 130MMcfd but they would need capital expenditure and projects to squeeze out the approx additional 30MMcfd difference from current production capacity to that level. Orca have capacity but only to fill the gap until about the end of next year looking at the size of the potential demand gap in the presentation. It’s good to be precise. So, Tanzania has no other identified option, other than AEX and our partners, to meet that demand from the end of next year.

WEN published a presentation this month showing a “demand cliff from Q3 2019” taking demand above the levels of their agreed GSA (levels they can’t produce at with workovers etc) and then potential demand for gas in Tanzania being more than 3 x the levels that they could theoretically produce at in less than 2 years from now!

Aminex and our partners are the only identified option that could meet that level of demand in that timeframe.