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I would be p!seed beyond belief of it was a takeover. Only s/t traders win in that scenario. I still think it’s a false dawn, but 143m trade volume is notable!
Up 50% for the week. From a very low base, but as they say, it’s better than a kick in the head!
Personally, I still think there's merit in a tie-up for both companies. We need cash and revenue to progress projects such as Kiliwani South and Nyuni. WEN need growth and expansion at a low price tag, such as Ruvuma field development on a free carry. Agree though, it's prob on the backburner now, as neither company is happy with their current valuation and there's little shareholder appetite to do a deal in this environment.
With a rebounding oil price, perhaps interest in our shiny new rigs will be of interest to someone. They have clear value, just need a bit of demand
We have no employees and therefore no oil services to deliver, I suspect. Would like to hear more about WEEM if there is in fact activity there -- passed that off for dead and dusted years ago. At 1% it's not material, but might cover a few months' rent.
There were oil shows in the NT2 drill. At past AGM's, mgmt suggested it could be in the deeper sands. Wouldn't hold your breath for it though.
The play here is natural gas. Ideally for industrial or export use, since domestic demand is currently met by other providers.
Agree, I don't expect renewal to be a 'problem' but it could take longer than we think it should. Things move slowly in TZ, with no transparency, and us laptop warriors are easily spooked. Hence, the big discounts applied to all companies that operate there. Personally, I'm hoping for newsflow starting around end of Q3 announcing some feedback on seismic work and ordering of long-lead items for a Q1 drill.
If it was AEX running the show, I'd be skeptical on any timelines. ARA is part of a much more sophisticated machine though, so will give them the benefit of the doubt for now.
+$5n was a cash payout not a loan. There was an advance paid (due to farm out delay) then forgiven once FO signed.
3D seismic underway (ish) which is important, yet lights the investor fire in nobody. The sp here is easily excitable though newsflow is a 2H story.
The comment on paid PR is calling out Malcy for what he is. IMO a charlatan that pretends to be some neutral oracle on all things oil & gas.
I don't mind him being a paid marketer, but he should disclose who's paying his fees. Pretty desperate stuff from the juniors that do pay him.
BG, what I'd really like to see is some transparency over what these initiatives include. Not fair to shareholders to constantly be guessing.
Camarco -- can you please prod the company (and our new Exec Chair) to provide some guidance for us? Even high level would suffice at this point. Thank you.
Thanks Jackpack. I don't actually subscribe to his private post, but have been tempted because I like his no nonsense approach. OJim's biggest bugaboo seems to cost of financing these O&G projects, which is fair -- usually benefits those raising the capital on preferred terms at the cost of PIs. In AEX's case, we have a clean financing for Ruvuma, which is a rarity (not to say financing won't be needed for other costs). Sentiment and patience is at all-time low for Aminex, which is why we trade so low. This will return in 2H of the year as LOS to drill becomes clearer, IMO. Same story goes for almost all O&G cos as well.