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Aminex Share Chat (AEX)

Share Name Share Symbol Market Type Share ISIN Share Description
Aminex LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.35p 1.30p 1.40p 1.35p 1.35p 1.35p 41,855 07:38:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -10.4 -1.3 - 26.68

Aminex Share Discussion Threads

Showing 56326 to 56346 of 56350 messages
Chat Pages: 2254  2253  2252  2251  2250  2249  2248  2247  2246  2245  2244  2243  Older
I don't care about Solo and Ruvuma. We need stabilisation, steady revenue, debt consolidation and a fair playing field. ATM. The rest will fall into place once we're seen as minted. They'll redo the drilling commitments...probably.gerryjames
Bun, yes no doubt you are right, but Solo are in discussion with Aminex at the moment, well they were when NR did his latest video shoot. and that's why I say NR will be looking for an extension so as to see KN production proved up, so as to make it easier to raise the funds needed.blackgold00
Black gold - solo don't have the money. It looks like they have been trying to raise it.bunbooster2
it might be the case that any potential lender/s out there, that's considering funding Aminex's appraisal/drilling program, are also waiting on the KN results and with the expected booking of those reserves making those asset more tangible/saleable and could well be held as collateral. So Aminex borrow to drill wells in Ruvuma using KN as collateral and then for every well that's drilled TPDC loses their % charge over Kiliwani North. "75% (operator) interest in the Ruvuma PSA, where it is making progress towards the recompletion of the Ntorya 1 discovery well, and the drilling of the Ntorya 2 appraisal well. This programme has been designed with the support of TPDC to fast-track the field development and potentially build an early production system for local power demand." Aminex CEO, Jay Bhattacherjee, commented: "The recent completion of the gas sales arrangements for the Kiliwani North field opens a new chapter for Aminex in Tanzania. With the commencement of first production from the Kiliwani North 1 well, we expect to book our first reserves in-country. The Company continues to focus on appraising Ntorya where we have planned an exciting programme prior to applying for a 25 year development licence.blackgold00
should have news this week whether Solo takes up their option to acquire the further 6.5% interest in KN, the 30 day option expire Friday. I would think Solo would like to see the testing and optimal flow rate before committing, so maybe seeking an extension to that option until after the testing and results are known.blackgold00
This may have some relevance: hTtp://allafrica.com/stories/201602081329.htmlflyingswan
I cannot help but wonder if SOU Sound Energy are having a look here following the failed Farm out. Currently funded and have just moved into production in Italy, so operating costs are now covered. Recently moved into Morocco and CEO Parsons clearly states they should be moving into another Country. Totally Gas focused and targeting Companies in serious financial distress with GAS assets, so AEX fits most criteria. Recent tie in with Shell GSA in Italy and Schumblerger in Morocco, so clearly have some clout. Well worth a listen to at least hear what a successful CEO sounds like (no pun internded)who actually delivers on his word. (compare him to Jay, different leagues IMO) http://www.tiptv.co.uk/finance/ceo-interview-sound-energy-profiting-in-the-eye-of-the-oil-and-gas-market-storm/pj 1
This essentially makes it understandable why Bowleven initially were interested. They are in the process of doing another deal with ferrostaal in Cameroon for the Etinde permit though in this case the gas is just offshore. Perhaps Aminex tried to get a deal with them for Ntorya gas and failed maybe due to lack of appraisal?ngms27
Underlines, I guess, why TPDC really do need to see AEX getting on with Ntorya-2&3, Likonde, Namisange and Sudi given the amount of planning they will need to do to make gas supply provision for not just the Ferrostaal plant but the significant new power generating capacity scheduled to come on stream in the same period.warbaby43
These are the kinds of deals we want to see more of, whereby natural gas is enabling large-scale industrial investment: www.ferrostaal.com/en/group-ferrostaal/media-and-publications-ferrostaal/news-ferrostaal/development-of-world-scale-fertilizer-complex-to-boost-economy-in-tanzania/ Items of note: - "the consortium is currently in exclusive negotiations ...to establish a joint venture and with gas suppliers regarding the supply of gas for the project." - The TPDC site states the plant will consume over 100 million cubic feet of gas per dayvike1
Certainly wake it up if kicking $100k p/d was flowing before the weekend, surely. Would be nice, though if it would wake anything up in the current market - who knows! However, $100kpd would need 33mmscfd, on the high side for long term production, and in practice any production in the near term is going to be for testing, and at much lower rates (on average at least). Still, any clear news of production and cash earned would of course be welcome. Petergreyingsurfer
From the TPDC get ready by mid February? Certainly wake it up if kicking $100k p/d was flowing before the weekend, surely.gerryjames
First gas sales this week. First gas sales payment at the end of February?haggismchaggis
"Although, in fairness, weren't you one of the people questioning the wisdom of the farm out and that they had given away too much?" I was, indeed, one of the "mad" (to use someone else's pejorative term) 75 percenters, Bunbooster2, believing that its 75% of Ruvuma was very much AEX's USP and that if they could find funding the risk was much diminished by N-1S/N-2 and that the mega reward would be if N-3 matched up to the expectations raised (I know, I know!!!) I was, therefore, initially disappointed when I read the farmout RNS of 19/11. What I didn't do though was then question the wisdom of the farmout as I could see the arguments for diminishing risk and that in the seeming absence of anything being forthcoming from their "substantial financial group/major financial institution" it probably did then represent the viable way ahead particularly considering the time and Licence pressures involved and I posted accordingly at the time. When last Monday's RNS crashed on the scene therefore, my reaction was not dissimilar to your own.warbaby43
Not really. The real damage done by Monday's RNS, regardless of whether any fault might lie principally with BLVN, was that it was just one more in a long line of AEX disappointments and all the more so in this case as the farmout was so loudly hailed by so many as providing the ideal answer to Ruvuma development and the debt overhang. Of course the farmout falling through has caused real damage, no one has argued otherwise. And without doubt it would have been a good solution for both companies had they all agreed on a work program that would have met the licence requirements. However, that doesn't affect the point I was making - the GSA has been signed on good terms, production will be starting soon. Neither of those were true 3 months ago, and many here spent a lot of time deriding management about the issue. Including suggesting 2017 as a possible date for the GSA and production. Of course the farmout falling through is a problem, but, whatever may be the case with BLVN's apparent casual signing of the initial deal and then deciding they couldn't meet what was required, the facts are that it did get to that stage. That in itself indicates that there is potential interest, where many have denied it. Also the fact that TPDC and importantly the lenders appear to have been in agreement about rejecting BLVNs work program suggests to me that those in the know believe something better is still possible. If they didn't there's no real mileage in them not pushing for an acceptance, which would have bought cash to AEX, even if it would have meant consequences for the company from failing to meet licence obligations further on. None of that guarantees a workable deal (or set of deals) but it certainly suggests to me that something may well still happen. Petergreyingsurfer
likely looking take over nowitsonlyme2
" 3 months ago we'd all, ngms included, have been pleased to be in the current position." Not really. The real damage done by Monday's RNS, regardless of whether any fault might lie principally with BLVN, was that it was just one more in a long line of AEX disappointments and all the more so in this case as the farmout was so loudly hailed by so many as providing the ideal answer to Ruvuma development and the debt overhang. The reactions on Monday morning on this board said it all.warbaby43
Can I please remind everyone about the rules around swearing on this internet message board. Many posters are elderly or have young children in the family. Colourful language should be avoided.bunbooster2
"BLVN mention conspicuous by its absence in retrospect" I agree. With hindsight from both the AEX and BLVN side there were indications it wasn't going to happen from before the holiday season. BLVN had that slidedeck with Tanzania relegated to a footnote and flagged as 'if the deal procedes'. Numbers coming out of AEX were all minus BLVN share.bunbooster2
horse-racing transparent. LOLblackgold00
The Panto may be over but the Greek Tragety continues behind unreadable masks. I'm off horse-racing much more transparent.gerryjames
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