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Worth a punt sub 4p imo.

Ridiculous drop as the well is a success overall......not the time to sell out as testing on going......this sp never ever gets really going does it !?.....

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perhaps todays news explains TLW's decision to withdraw.

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but they don't have either in commercial quantities hence TLW decided not to waste any furthey money.

Still think that it'll be 6p again soon on flow rates....

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I was just checking through my list of languishing shares and came across this one – forgotten all about it! Here’s an update of 29 January 2013. Note the March deadline – so we may see some movement soon. I'm not far off being in profit here, amazing!

'Aminex (LON:AEX) has extended the bidding period for its proposed farm-out of an interest in the onshore Ruvuma Basin, Tanzania, where it made a discovery of natural gas and condensate in 2012.

This extension is being made at the request of several interested parties which have already visited the data room.

The bidding process is now likely to be completed in March and the market will be updated in due course.

Aminex has a 75% interest in the Ruvuma production sharing contract and the remaining 25% is held by Solo Oil. Aminex chairman Brian Hall said: "We are very pleased with the strong interest shown in our Ruvuma PSA and have decided to keep the farm-out process open for longer than originally anticipated to accommodate a number of interested parties. I look forward to updating the market in due course." '

I posted this on the solo thread and now here as am shareholder in solo + aex,i think with the potential of the asset a big name may well be farming in shortly.




http://allafrica.com/stories/201302220081.html

BP Oil, a firm that traded in petroleum business for many years in Tanzania, has expressed interest to invest in natural gas exploration and drilling in the country.A delegation of BP senior officers led by their Vice- President in charge of Global Business Development Exploration and Access, Dr Jonathan Evans, presented the request to the Minister for Energy and Minerals, Prof Sospeter Muhongo.Dr Evans said his company has been inspired by the information on availability of natural gas in the country and wish to try their luck.

Prof Muhongo said he welcomed the request, but noted that BP should be ready to compete openly with several others which have already presented their requests. "Our ministry intends to seriously run all of its activities in a fair and transparent manner in a way that anyone who appears to engage in corruption, even though it is just a rumour, will expel himself from the business," he said.

However, Prof Muhongo has commended the firm for its good record, saying it is among few companies with no complaints on selling contaminated oil. He added that such a behaviour add credits for the company to be given a chance of competing with other companies for the opportunity to have a licence for oil and gas exploration in the country.

Prof. Muhongo said the government was prepared in making sure that the sector benefits both sides -- the nation and investors. Giving details, he said, different training programmes on oil and gas have been established in local universities and colleges.He added that scholarships have been granted to Tanzanian students to pursue different courses in oil and gas technology. Prof Muhongo said Brazil's Petrobras Company has offered scholarship for students to study in Brazil and the Chinese government has offered scholarships for students to study in eight universities in their country.This strategy aims to make sure the nation produces enough experts in the oil and gas sub-sector in the country for them to supervise the respective sector.

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Also this is worth a look

http://www.directorstalk.com/investor-appeal-of-oil-gas-in-east-africa/

Oil fund = Proselenes

Tanzania: Gas Legislative Package
24th Feb
http://goo.gl/jQJyE

East Africa: EAC Partner States Assure Petroleum Investors | Directors Talk
http://www.directorstalk.com/east-africa-eac-partner-states-assure-petroleum-investors/

very informative thread..........with most of the top half missing..lol

Yes, very odd Bb ...
Hadn't realised the various aliases for Proselenes - thanks Blackdown.
Anyway, if there's good news one of these days then I'll be happy enough.