Member Info for vike1

M&P have reported they're planning a 3 well drill in Mnazi Bay, at a cost of $20MM, starting at the end of 2025. If we're sharing a rig, I hope we intend to go first!

Good find henning. ARA Petroleum is a Platinum sponsor of the event.

Day 2 @10:50am, March 6th: Oral Presentation by ARA on "Ntorya Field Development - ARA Petroleum Tanzania"

https://www.eapce25.eac.int/index.php/about/conference-documents-eapce25/download?path=EAPCE25%2BFINAL%2BCIRCULAR_FEBRUARY_2025.pdf

Operationally, nothing directly yet, though current situation looks bad from a goverment engagement pov. They're one of only two producers in the country, so every relationship counts. Looks like the gov't is just unwilling (unempowered?) to ratify agreements or extensions in anything close to a timely manner.

The stoppage would, however, interrupt Kiliwani operations if those were up and going. Will need Orca as a partner + their infrastructure in due course, so I hope things don't go too sideways. I think they get bought out ultimately.

Orca stock has been hung out to dry with 0 investor interest or trust. AEX moving i would seem unthinkable, yet with energy and gusto, it could be structured due to Orca's huge cash pile and gov't relations issues. They'd call it a merger of course, with both sides getting "new asset exposure" and "operational synergies" but would actually be a corporate re-set (for both).

What a gong show over at Orca. Songa power plant now shut down, Tanesco not paying its bills. Divi yield up to 15% due to taking sp. Can't see that ship getting righted anytime soon.

Trading halted. Company in a heap of trouble with regulator, so we'll see shortly (after Cdn market close?) what's going on. I've been hoping ARA would bankroll an AEX acquisition of ORC to pick up the assets (and B.S. cash) on the cheap, but always been a long shot.

Time for the JV to provide more public details on the game plan here. Tenders are being issued, CFO talking future, time ticking away. No reason they can't give at least a high level timeline.

Nice to see Charlie Santos in all the photo opps, alongside the PM and others.

Still not clear to me the difference between the 'granting' of the licence in May vs. the 'handing over' of the licence in Sept. Hoping for a substantive RNS soon.

I'm not sure any new blocks have been awarded. To me it sounds like the pre-existing Mtwara Exp Licence has simply been divided in a new way. One group of blocks includest Ntorya, the other 4 are outside it, presumably to the south. That southern part will require further exploration. TBC I suppose.

Tomorrow should be fun

Massive! We can finally get going!! Can't wait to see the project plans. When, where, how, etc.

If you follow the RNS's, nothing new. Provides a tidy little summary of recent activity though. Free to acces but need to register. Will prob be on AEX's website tomorrow.

Double post, apols. Thought the previous one didn't go through

You must contact HSBC by today's deadline and direct them to not sell your shares. If not given directions, they will be sold tomorrow.

If your shares are in an ISA and you've not contacted HSBC, they will automatically sell them by tomorrow. You need to call them by today's deadline and request them to NOT SELL the shares. Again, a forced sale is the default option.

Ater tomorrow, if you asked them not to be sold, the shares will be transferred out of your ISA into a regular account. HSBC and others will likely then send you a certificate of your holdings which then need to be registered with the corporate registar.

Have seen this movie before. Wake me up at 2p.

Looking good team! Change is coming

https://aminex-plc.com/

Promising.

All funds will be held in escrow of course, until outstanding fees are paid or any legal recourse settled. Standard practice.

After mgmt, corporate wind-down, and third party liquidator fees, I would assume 0 will be received by shareholders. It will take a few years for the money shuffling to run its course, however.

Surprised this hasn't popped a bit more. Is a good deal.