Doodlebugger
21 Mar 2018
Re: RNS - Possible Transaction Well since KN’s gas production has fallen over the company’s cash flow has cratered leaving it with little money to fund the next drill/initial development costs. Hence the need to flog off part of the crown jewels….Not sure why that would cause the share price leapt, so expect a back track? Depends what the deal priceis I guess (and if it takes place)
El Gibbo
21 Mar 2018
RNS - Possible Transaction Can anyone explain to me the implications of this "possible transaction" and why the SP is flying. Thanks."Following recent inquiries Aminex advises that it is in discussions with Eclipse Investments LLC ('Eclipse'), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area. Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is the Company's largest shareholder. The Zubair Corporation is one of Oman's leading business groups."
Seagull2
21 Mar 2018
Re: Malcy Perhaps may not be such a slow burner after all !
BarleyBaron
20 Mar 2018
Re: Malcy Seagull. Life is good, sun is out, crops are growing and there's a spring bounce in my step and making a few quid on this tricky market too. Know what you mean about Tanzania, it can be a tricky place to do business. Been invested in Tanz and Africa for decades now and things take time. I have not heard a thing from my mates out there that's worth reporting here. Ophir are waiting for funding for a project, granted not in Tanzania but now I am waiting twice for a decision. The longer it takes the more nervous I get. Could be a good thing as well and a nice surprise emerge. With the way the company currently sits why are we down at 2.5p, I just don't get it. Sorry, just shooting the breeze. A cough.... did you go down with man flu....works everytime.B.
El Gibbo
20 Mar 2018
Lobbying for the license The silence is deafening and the SP continues to drift. I hope Jay is not just sitting back waiting on the license to drop through the letterbox. He needs to press the flesh, in the Ministry of Energy, or hire an ex-minister of energy 
Come on Jay, engage, turn this supertanker around, before it hits the rocks !!! All IMHO. GLA.
Seagull2
20 Mar 2018
Re: Malcy Hi Barley,I'm holding up, had a nasty cough for the last week or so, which has been abit of a pain! I have no idea where Malcy works but, somewhere high up in the clouds would be my guess lol.Got to remember they have the resources now, a major backer in Zubir and the chinese are getting involved in infrastructure projects, don't think any other companies going to be falling over themselves at the moment to get into Tanzania after the fiasco the way goverment has handled things there over the last 12-18months. Looks like a very slow burner at the moment and well everyone knows its the licence is the key and they are very quiet re that, sure Jay and his team are mega frustrated but, what can they do? not a lot is my guess.The company is Solvent with no debt so, can afford to wait it out but, think they should start looking at other opportunties elsewhere in the meantime. Current market cap about £95m but, what value is anyones guess at the moment imho.Hope your keeping well!RegardsSeagull
BarleyBaron
19 Mar 2018
Re: Malcy Seagull. Where did Malcy get 10p from. Does he work with Cambridge Analytica. I would be happy with a 5p level again and one that we could maintain as support. Surprised at this current price but it might be a good time to add. Weren't we supposed to have had news on this licence at the start of the year, they did sound excited about it. You well. What's your price on happy days.Baron.
Jay053
16 Mar 2018
Re: Malcy Just posting whats out there which is more than most people as this board is dead.If you take investing advice from Malcy you really shouldn't be allowed a trading account.
Seagull2
15 Mar 2018
Re: Malcy Malcy a load of rubbish, company not worth anything unless gets a licence and no sign of that yet. Just my view Malcy recommends loads of stuff n never discusses downsides. If they get the licence then happy days.My view as always do your own research Seagull
Jay053
15 Mar 2018
Malcy [link] comments he values AEX at, at least 10p..........Malcy’s Bucket list 2018 and 2017 review, with apologies for the delay…The 2017 bucket list was an entirely different game to that of 2016, last year the oil price was at its high on bucket list day, $57 for Brent and fell through the spring reaching its low of $44.82 in June before rallying to reach $70.53 at the peak. The previous year had seen the low of $27 in February and things only went up from there taking all things oily with it.So the 2017 list performance is a disappointment, yes there were special reasons here and there but if you had said to me that oil would be well above $60 (my year end forecast incidentally) around now I would have expected oil shares to be much higher than they are at the moment. Which is why the list is a bit bigger than last year, we have lost two in Ithaca and Bowleven who were both subject to corporate raids but gained a net four as six new companies join the list. I can only reflect the views of many of the blog readers who feel that the oil sector has, in the main, not performed as well as it should, with an oil price of over $60 and costs having been slashed, oil shares should be much higher. As a result there are stocks that remain in the list which have the potential to do much better.The upcoming results season should show that 2H 2017 was a highly profitable time for E&P companies as the upstream parts of the majors have already exhibited.For those who don’t know the bucket list, it was the brainchild of a certain Adrian Collins back in 2016, Adrian, who is a self confessed non expert in oil and gas but knew a commodity collapse when he saw one, wanted to try and invest in the sector at its nadir. He wanted a list of stocks that would provide some comfort and some risk, buying the whole portfolio shouldn’t put you in penury but might have some decent upside. Last year’s performance was very mixed, of the 12 survivors 5 were up, one was unchanged and 6 fell, I’m afraid if you bought the lot you would have been down somewhat.This year’s list is also late for which I apologise, I will try to get back on the straight and narrow for the interim report in which I envisage more changes than before. That is because I am giving one or two stocks a further run but cannot be patient forever, also the subs bench is loaded with exciting shares I expect to really kick on in the second half.Best performers since last February have done very well however but the winner was Jersey Oil & Gas + 34%,who had a roller coaster ride during the summer in which time they had a dry hole swiftly followed by a successful sidetrack at its Verbier prospect in the North Sea. JOG retains its spot as it is rolling the dice again this year as Statoil plan to drill an appraisal well which should take reserves expectations to the top end of the current range. Should that happen I would expect a step change in its valuation which is not storing much value at the moment.At Christmas SDX Energy +27%, were in top position as they completed a year of unparalleled success with the drill bit in Egypt and Morocco. For these shares to be only up 27% is one of the mysteries of modern man but following a highly successful visit to Morocco recently I’m sure things will go better. The Circle deal is proving to be a great success with a policy of high margin growth which can only go from strength to strength whilst in Egypt an exciting drilling programme is already under way.Ironically, the company that few people know but those who do, see huge upside, is Far ltd +11%, who are partners in Senegal with Cairn and possibly Woodside…Far is in my view full of value which may have been crystallised had Cairn gone ahead with its sale but for whatever reason didn’t, I know that a deal was inches away from the Ministers desk… Far isn’t just a one trick p
studentdebt
07 Mar 2018
Re: North Sea I'm not sure, but trying a few sources to see if it is true.
Jay053
07 Mar 2018
Re: North Sea Haven't heard anything, a deal with who?
studentdebt
07 Mar 2018
North Sea Anyone know anything about the rumours that AEX are close to a UK North Sea gas deal? Seems unlikely but interesting if they do.
Jimla
20 Feb 2018
Re: CPR outcome - great news That and the global rout in in the equity markets?
Jay053
19 Feb 2018
Re: CPR outcome - great news Can only imagine its the down to the licence.
