Aminex Share Discussion Threads

[warbaby43] 07/3/2015 16:06

Rather more than that blackgold, especially as the international gas price was already on the way down before the main oil price drop

a) There are a clutch of LNG projects already under way and far ahead of Tanzania leading to industry apprehension of a gas glut in the next decade.

b) Industry apprehension over costs partly stoked up by the Chevron Australian experience where projected cost of $34bn escalated to $57bn and with the Statoil Tanzania Country Manager describing the seabed there as anything but flat and instead being one of ravines and canyons i.e. an expensive place to construct subsurface infrastructure

c) The onward march of fracking - as that technology stands to be improved still further, more shale fields in more countries are probably going to emerge as being economic, making more countries gas independent. (Imagine the blow to the LNG market if the apparently vast shale deposits in western China prove to economically frackable.) All this, of course, on top of the possibility/probability of the US becoming a major gas exporter.

d) With no shortage of other LNG candidates, Tanzania must suffer due not only to its dire reputation as a place to do business with its endemic corruption, its bureaucracy and its politics, but also of course, with its lack of so much basic infrastructure.

While Tanzania does have a significant geographical advantage, in view of all the other uncertainties very difficult to see BG, Exxon, Statoil etc being in any hurry to do anything other than kick the project decision much further down the line.

Hope, I'm wrong though.

[last throw] 07/3/2015 15:14

cheers black - but surely any delay in offshore stuff must be to the benefit of Aminex but I read warbaby's post as if it was a warning to us ...............??????

LT

[blackgold00] 07/3/2015 13:44

last throw, i think warbaby is referring to the calaps in the price of oil and its consequences on any new LNG project.

[last throw] 07/3/2015 12:13

warbaby

Always interested in your posts but this last one seems a bit too cryptic for my senior brain - can you elaborate please?

LT

[warbaby43] 07/3/2015 12:02

The penny still doesn't appear to have dropped regarding the increasingly large question mark there is over any near term development of the offshore gas:

[warbaby43] 07/3/2015 11:58

Next step an Orca GSA and then.........?

[lfdkmp] 07/3/2015 07:34

Would be a bit more concerned if Tanzanian police were aiding and abetting the witch doctors.

......or have you heard a rumour, skinwalker, that government ministers rank amongst their numbers?

Lord, dry those tears.

[bunbooster2] 06/3/2015 10:49

Drooping now. Looks like ill paced hysteria yesterday. When will they learn?

[gerryjames] 06/3/2015 08:45

It's the real thing in car boots these days. Shocking.

[jacks13] 06/3/2015 08:33

Irene the Inflatable Friend is very collectable. Don't see many around the car boots. Snapped up when you do!

[aaaaar] 06/3/2015 08:28

Istalif Road just off the A76, off to the Heidary wildlife refuge this year for my vacation.

[lfdkmp] 06/3/2015 08:16

Maybe also a mattress to put them under?

(btw AAAAAR

Where do you live and when are you going on holiday?......me an' m' mate see just got this pick up truck.)

OT

What kind of parent names their child "see"?

[aaaaar] 06/3/2015 08:07

I’m an avid coin collector, I have been hiding away a £2 coin every day for nearly a decade and next year I hope to break the £8k barrier which is not a bad investment eh.
For those looking for advice then I would say (based on my experience so far) the higher the value of coin the greater the return.
Hoping AEX will give me the confidence to move into banknotes in the near future.

[blackgold00] 06/3/2015 08:01

oil paintings Bun, an investment plus you have something pleasant to look at, a win win.

[bunbooster2] 06/3/2015 07:47

You should diversify, blackgold. I also invest in collectable toys. Some good cash to be made.

[blackgold00] 06/3/2015 07:12

PJ1 , I don't know its been a difficult 5 years for stock market investing, I have just Aminex at the mo, I did get a 10 bag with pmo before the crash and did a similar thing with Afren after, but alas still waiting on Aminex.

[zulu88] 06/3/2015 07:06

Will Wentworth cover the $10m cost of Aminex's appraisal well or will Aminex prove just too tempting a takeover target for a larger player (as NR hinted in his interview this week)?

We'll find out soon ... :-)

GLA

[pj 1] 06/3/2015 06:57

bg-Do you hve any other holdings as a matter if interest. Whilst being in AEX have you missed gains elsewhere?

[blackgold00] 06/3/2015 06:37

I've been up all night, down paper mill earning a crust, which I have to say has been a dam sight more profitable than all the time and work I've put into Aminex the last 5 years.

[bunbooster2] 06/3/2015 01:01

Will anyone be able to sleep tonight? Anyone else going to wait up all night for the inevitable 7am RNS!!! Just think of the riches!!! Who is the "terrible investor" now, eh!!!

[blackgold00] 05/3/2015 23:19

straight from the horse's mouth