Aminex Share Discussion Threads

[ngms27] 09/2/2015 08:11

Don't click on the above link, it has virus's

[warbaby43] 08/2/2015 12:30

Unsurprisingly, Standard Chartered are being remorseless in pursuing this debt, heaping more money problems on Tanesco:

[oilretire] 07/2/2015 20:08

Perhaps Jay means.....

Jay says that regarding shareholders they the board have 12% and a company called Majetti has 4% meaning 16% in good hands

??

[pyjamaboy] 07/2/2015 19:23

Thanks jacks13

[jacks13] 07/2/2015 18:23

Majedie Asset Management Ltd



Morning Star have them holding 4.13%, I haven't looked further into it though.

[pyjamaboy] 07/2/2015 17:29

Guys if you get a chance to watch Malcys interview with Jay our CEO of Aminex , please forward it to 14mins and 20secs , Jay says that regarding shareholders they the board have 12% and a company called Majetti has 16% . Who is Majetti ?

[warbaby43] 07/2/2015 12:39

Still doesn't appear to have dawned on them just how far away they are from seeing any development of deep water Tanzanian gas:

hxxp://www.thecitizen.co.tz/magazine/business-week/-/1843772/2614090/-/7qtepd/-/index.html

[warbaby43] 07/2/2015 12:24

Laugh or cry?

hxxp://www.thecitizen.co.tz/News/national/Anti-graft-watchdog-on-list-of-shame--says-study/-/1840392/2615764/-/item/0/-/cwqjtvz/-/index.html

Small wonder that the donors, at long long last, appear to have decided that enough is enough:
hxxp://www.thecitizen.co.tz/News/national/Zitto-team-queries-Sh72bn-debt-/-/1840392/2607114/-/x1qwht/-/index.html

[warbaby43] 06/2/2015 13:23

Yes jacks13,and it precludes any money raising and any corporate activity that would provide funds for the June 2015 Ntorya appraisal well obligation.

[gerryjames] 06/2/2015 13:19

That's always been the elephant in the room Warbaby...Tanzania, in general. That's the gamble. Thanks for all the news links.

[jacks13] 06/2/2015 13:02

That's the danger to Aminex with the delayed GSA, (and it surely can be considered as delayed now). Many of us, had we been asked twelve months ago, would have said that the deal would be signed by the end of Q3 2014.

Even if the authorities have the right intentions towards Aminex they are still pushing it towards a cash strapped position. Hence the sale of some of the family silver to our good friends at Solo. That wouldn't have happened if the GSA had been signed off.

[warbaby43] 06/2/2015 12:34

Thanks blackgold00, I had forgotten that. Somewhere, though, I seem to recall seeing it set down just what the payment protection mechanism was but perhaps it might have been something from Wentworth on their GSA. I must admit to some concern, though, on Tanzania's current F/X problems being exacerbated by their donors' strike.

[clunes100] 06/2/2015 12:21

Nice rise, more to come with GSA. Finally going to get some money back from investing in AEX......

[blackgold00] 06/2/2015 12:05

JB said it in this interview

[warbaby43] 06/2/2015 11:59

From H1 Report 28/08/14:

"The Gas Sales Agreement has been agreed with the TPDC with no material issues remaining and is currently being vetted by the Government prior to execution, together with, we understand, similar agreements between TPDC and the other Tanzanian gas producers."

Given that Wentworth's GSA was locked in four and a half months ago (15/09/14) and AEX's still awaits, whatever became of the fabled "special relationship" with TPDC. Is someone blushing in 7, Gower Street, I wonder.

Meanwhile, given the Orca precedent, what is critical in any GSA is the presence of some form of guarantee of payment. My memory tells me that somewhere we have been assured of such but a search has turned up nothing. Is my memory playing me false (again) or can someone point me in the right direction.

[jacks13] 06/2/2015 10:37

Relax Bun, skyrockets not allowed on this site.

[blackgold00] 06/2/2015 10:28

what Aminex sky rocket! cherish the thought

[bunbooster2] 06/2/2015 10:21

...but if there is a GSA the price will sky rocket!

[blackgold00] 06/2/2015 10:08

i think i can smell a GSA

[gerryjames] 06/2/2015 09:06

Two days, bit too soon after the placing perhaps for SOLO, this little nugget of non price sensitive information.

Abraham Lincoln.

[edgar222] 06/2/2015 09:05

Ahhh Slepy, my old blended whisky loving mucker.....I have been here since 2006 and u shortly after.Dont let the frustration make you miss out on the winnings when they come.And they ARE coming.

[slepy] 06/2/2015 08:51

Let's all panic and buy some more AEX. Last chance to do it at this silly price.
Last chance until it drops back in a week of course.Just like it did for the past whatever years.

[dfgo] 06/2/2015 08:35

Just for you BunBooster

Update - Kiliwani North Gas Field, Tanzania
RNS
RNS Number : 2138E
Solo Oil Plc
06 February 2015



FOR IMMEDIATE RELEASE, 7 am 6 February 2015





SOLO OIL PLC

("Solo" or the "Company")



Update - Kiliwani North Gas Field in Tanzania



Solo today announces that the operator of the Kiliwani North ("KN") gas field, Aminex plc ("Aminex"), have advised the partners that the newly constructed gas export pipeline from the Songo Songo processing plant to the KN-1 gas well has been completed to within approximately 20 metres from the KN-1 production well-head.

The KN-1 well, when connected to the export pipeline, is expected to produce at least 20 million cubic feet per day.

Solo announced on 3 February 2014 that it has signed the Asset Purchase Agreement with Aminex plc ("Aminex") for the first 6.5% interest in the Kiliwani North Development Licence ("KNDL"). Solo has the option to purchase an additional 6.5% interest, during a period of 30 days after the Gas Sales Agreement ("GSA") has been approved by the Tanzanian Authorities.



Neil Ritson, Solo's Chairman, commented:



"As we reach the point of gas commercialisation we are naturally tracking the process very closely and shortly expect to see final hook-up and pressure testing get underway. With the imminent hook-up we also remain extremely confident that the GSA will be signed in time to commence exports of gas from the field as soon as the facilities are complete."





Qualified Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chairman and Director for Solo Oil Plc who has over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.



For further information:

Solo Oil plc

Neil Ritson

Fergus Jenkins
[phone]




Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish
[phone]




Old Park Lane Capital Plc

Joint Broker

Michael Parnes

Zoe Alexander



Shore Capital

Joint Broker

Pascal Keane

Jerry Keen (Corporate Broker)



Bell Pottinger

Public Relations

Henry Lerwill

[addison17] 06/2/2015 08:31

wow up 15% this morning, up up and away hopefully.

[bronislav] 06/2/2015 08:25

Looks like this mornings rns is the green light .....Why hook up to the well if you don't want gas flowing .gsa has to follow quite quickly now .solo will want to take up there new percentages so I can see solo wanting to get their share price up to help with cash raising .circa 13 million needed and solo wouldn't be spending that unless they saw a healthy return on that investment ...