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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 Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.03 +1.37% 1.85 1.80 1.90 1.90 1.81 1.83 3,729,261 16:28:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -10.4 -1.3 - 36.56

Aminex Share Discussion Threads

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Well just the Sector being the second highest riser and the price of oil up. Remember BG this is the AIM we're talking about, granted Shell didn't rise by 24%.gerryjames
Well Alba and UKOG stayed up. Wonder what's going on.kevjones2
(Songas grappling with high operational costs) Http://dailynews.co.tz/index.php/business/44471-songas-grappling-with-high-operational-costs SONGAS one of key players in the energy sector, is struggling to cope with operational costs as payments for power purchase from the Tanzania Electric Supply Company (TANESCO), are delayed "Its new Managing Director, Mr Nigel Whittaker told the Business Standard in an interview that the that the power utility firm has deferred payments for the electricity it buys from the investor for 12 months, affecting its operations and jeopardizing its ability to continue providing power to TANESCO. Songas generates about 180MW of power to the national grid using gas from the Songo Songo Island gas fields. “TANESCO is now more than 12 months behind in its payments schedule which means capital has not been available for maintenance of the plant equipment, a factor likely to affect the plant’s ability to safely and reliably operate,” he said in an interview.blackgold00
not much rise in the O&G sector to support that view yet [...]blackgold00
Bottom bouncing on the Russian plane being shot down by the Turks causing a rise in oil. Even LGO is up. Most likely.gerryjames
BB She's a lovely lady, 10 years my junior, and certainly did not marry me for my Ophir cash as I rather stupidly invested most of it here at considerably above where we are at now! LTlast throw
"once" is probably more important in that sentence than it looks...... : ) when is that likely to be and how many people will have to be "incentivised"? : )thecynical1
yes greyingsurfer, its a lot of politics, TPDC promoting their corner. “Our gas can generate over 500 Megawatts of electricity power in their current state, equivalent to 50 per cent of the country’s power requirement,” added the TPDC managing director, who also pointed out that once required gas power generators get installed, Tanzania power requirements can run on gas alone"blackgold00
lastthrow - who, in the name of the wee man, agreed to marry you? Was it the Ophir cash?bunbooster2
BB Mmmmmmmmmmm - strange post to which, as a newly-married man, I DO NOT take offence!!! That said, I do prefer your pithy well-researched posts better! LTlast throw
blackgold. I have enquired with the blvn board as apparently it has been confirmed but I have asked for concrete proof and emailed bowleven to see what the deal is. Will update here when/if response as obviously quite important to knowdan_the_epic
from Bowleven latest report Http://www.bowleven.com/system/files/uploads/financialdocs/BOW-AR2015.pdf "The countries in which the Group operates are perceived to have serious bribery and corruption problems and issues". "The Group has a zero tolerance attitude towards bribery and corruption. The Group has an anti-bribery and corruption policy, consistent with the Group’s obligations arising under the UK Bribery Act 2010, and has established procedures for monitoring compliance including regular training for all Group staff. The Group includes anti-bribery and corruption compliance provisions in all contracts entered into with third parties. As part of the regular training, staff are also reminded of the Group’s whistleblowing policy and encouraged to confidentially raise any concerns that they may have about dangerous, illegal activity or any wrongdoing within the organisation."blackgold00
Dan "ngms. I went and asked the Bowleven thread and the dates all make sense now. Bowleven deal conditional on GSA signing with deal effective date being Jan 1st. Jay expects GSA by year-end." Dan where do you read the deal is conditional on a signed GSA? http://uk.advfn.com/stock-market/london/bowleven-BLVN/share-news/BowLeven-Plc-Proposed-Acquisition-of-Licence-Inter/69384349 Kiliwani North Development Licence (KNDL), Tanzania "The KNDL, offers the potential for near-term production with proximate infrastructure for a gas-to-power development. The KNDL contains the Kiliwani North gas field which Aminex, operator, expects to produce initially at up to approximately 30 million standard cubic feet of gas per day. The Kiliwani North-1 (KN-1) well has now been tied into the main pipeline infrastructure and is awaiting completion of the adjacent Songo Songo gas processing plant, which is expected to be completed shortly." "Independently assessed unrisked mean gross gas-in-place and P50 gross contingent resources at Kiliwani North are estimated to be 44 bcf and 28 bcf respectively. The resources are classified as contingent pending signature of the Gas Sales Agreement (GSA). The GSA terms have been largely completed and Aminex are waiting for final payment protection terms to enable signature of the GSA." Details of the Transaction Bowleven has entered into a conditional HOT with Aminex plc (operator) for the potential acquisition of a 25% interest in the soon to be producing KNDL and a 50% interest in the Ruvuma PSA, in Tanzania. The transaction is inter-conditional upon acquiring both assets. The aggregate up to $28 million gross consideration comprises the following cash, carry and share-based element: -- $8.5 million in cash and $5 million in shares, payable at completion (shares are to be retained by Aminex for minimum of 9 months). -- $10 million net carry in respect of Aminex's retained interest in the Ruvuma PSA. -- $4.5 million contingent payments comprising: o $0.5 million on completion of Ntorya-2 drilling (Ruvuma PSA) o $4 million upon commercial production and offtaker payment (Ruvuma PSA), payable in cash or shares at Bowleven's election. Other Transaction Details: -- Exclusivity granted by Aminex under HOT for three months to consummate transaction. -- The effective date of the transaction is 1 January 2016. -- Completion is subject to, amongst other things: o Satisfactory completion of due diligence by Bowleven. o Agreement of a Sale and Purchase Agreement (SPA) for the transaction. o Approval by the shareholders of Aminex PLC. o Approval by the Tanzanian government of the transfer of the equity interests from Aminex to Bowleven.blackgold00
Impvesta - sorry, I have edited my post. Didn't mean to cause any offence. Sorry to leave you out.bunbooster2
The demand will comes from oil generated electricity switching to gas generated. There is a timetable of plants coming online over the next five years for this. It will save Tanzania billions. There was no indication in the RNS's that the farm out was conditional on a GSA being signed. Where is this new info coming from? Doesn't seem logical the main part of the deal is Ruvuma.bunbooster2
Even by your standards that is way out of order BB. I suggest you edit that one quickly. .......and edit your edit!!!impvesta
please help me I pray, send me a GSA.blackgold00
The 'research' is unregulated and entirely paid for directly by Solo so take with a grain of saltvike1
Bound to be a good read...it's paid for pap, I suspect. Mmarnewton
Sorry GECRjoe_e
Good read for Solo at www.GCER.co.ukjoe_e
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