Aminex Share Discussion Threads

[bunbooster2] 11/6/2015 14:44

To clarify. No.

[bunbooster2] 11/6/2015 14:44

Nothing. Not a peep. To be honest it's suspicious. Something could be up. I can't go further into the details but many will be surprised.

[blackgold00] 11/6/2015 14:16

need a rumour Bun, have you heard of any?

[bunbooster2] 11/6/2015 14:07

Lacklustre share action today. Wonder what's behind it.

[lfdkmp] 10/6/2015 21:12

...I know. Can't believe it. The Christmas decorations will be going up soon.

[foolsandcows] 10/6/2015 20:34

Not long now...

[warbaby43] 10/6/2015 13:31

Reassuring to UK taxpayers to know that their £186m per year of aid money is being well spent by the Government of Tanzania:

[ngms27] 10/6/2015 12:27

Given the debts etc, they need $20m plus if not $30 to $40m to meet the license obligations.

[edgein] 10/6/2015 11:47

JonnyT,

No not really, not that expensive to drill and develop these onshore gas discoveries close to the national Tanz pipeline. AEX carried by any one of the above mentioned companies for their 75% of Ntorya-2 could be easily achievable. Then with booking associated 2P (if Ntorya-2 is commercial like N-1) RBL could be used to bring both these wells to production. 37.5% AEX, 37.5% JVP, 25% SOLO looks very reasonable and potentially viable.

Regards,
Ed.

[ngms27] 09/6/2015 12:02

Bowleven is the most likely for such a deal, most of the others are too small to make a difference

[warbaby43] 09/6/2015 11:17

Edgein @ 52793:

"All they need now is to sort out this new financing deal that wipes out the small loan and gets them past the Ntorya farmout. Hopefully they'll get a deal with a cash rich company like AEY, SQZ or SEY all of whom have cash mountains and looking for acquisitions of appraisal or development assets."

For some while, I've thought and posted that some form of corporate activity other than a farmout might be on the cards for AEX with a microcap, cash rich explorer. Previously El1te had identified Global as one such and now Edgein has thrown these into the equation. At the end of last week, this is how they stood with cash as at their last reported results:

Global GBP sp=2p mkt cap=£3.99 cash=£9.75m 90 day ave vol 85k
Antrim AEY sp=1.88p mkt cap=£3.47 cash=£9.92m 90 day ave vol 167k
Serica SQZ sp=5.38p mkt cap=£13.46m cash=£6.36m 90 day ave vol 651k
Sterling SEY sp=17.75p mkt cap=£39.06 cash=£69.48m 90 day ave vol 122k

As I've said before, our historically deal-making COO must have been up to summat these past eighteen months or so.

[blackgold00] 09/6/2015 10:00

I wouldn't bother, just read it and its only regurgitation

[blackgold00] 09/6/2015 09:52

(Aminex manages to adjust its outstanding loan issues to move forward in Tanzania)

[...] O the cyber monster again, any way it was from (Oilbarrel.com) you will have to find your own self there, or there is a link over at lse

[duxy786_2] 09/6/2015 00:07

Expect that final RNS to propell the share price here any day now

[foolsandcows] 08/6/2015 18:16

Good luck all. ;)

[blackgold00] 08/6/2015 16:33

warbaby43, "The implication of that last phrasing would seem to be that the loan will be arriving shortly"
yes, things could start to move quickly from here, that CPR was the confidence booster for all involved.

from AGM presentation

Drilling Ntorya-2 Appraisal Well

•Prognosis TD: 2,947 m MD
•Drilling planning has commenced:
•Well engineering contractor selected
•Well Site identified
•Ntorya 1 “Lessons learned” operational report completed to maximise Ntorya-2 operations

And, IF/WHEN the funding and drilling is announced, then maybe, any potential farm-in partner of which we know there is a small number, might well be prompted to up their offer, or miss out on the opportunity to farm-in at this stage of the game, because if Ntorya-2 is successful then the opportunity for them to do so might well be put out of their reach, as larger companies could then become interested in the de-risked prospects of Ntorya/Ruvuma.

[warbaby43] 08/6/2015 15:44

"The Company is currently in discussions with a substantial financial group which has indicated a willingness in principle to make loan finance available to Aminex which will allow the Company to pay down its existing loan obligations and continue to develop its Tanzanian licences, especially the Ruvuma PSA. While there can be no certainty that these discussions will conclude satisfactorily, the Board of the Company has a reasonable expectation that an initial part of such a facility would be available prior to the commencement of production and will not be conditional on signature of the GSA in Tanzania or commencement of production."

This para of the Update seemed particularly interesting begging a number of questions:

a)"a substantial financial group which has indicated a willingness in principle to make loan finance available to Aminex" - might be Gemini or could be someone introduced to them by Gemini, hopefully Asian. Whoever it is, given AEX's pitiful financial condition, the terms are likely to be eye watering and include a slice of equity action or, if Gemini, skimming off a larger chunk of the production proceeds.

b)"and continue to develop its Tanzanian licences, especially the Ruvuma PSA..................such a facility would be available prior to the commencement of production and will not be conditional on signature of the GSA in Tanzania or commencement of production." The implication of that last phrasing would seem to be that the loan will be arriving shortly and if that is the case then spudding Ntorya-2 by year end becomes at least an even money bet. What it might also signal is that the drill-baby-drill 75 per centers are likely to get their wish while the play-it-safe farmouters are set to be disappointed.

c) Absolutely implicit is that they do have a Ntorya Appraisal extension but what is going to be interesting is to see if there is also a PSA variation from the four explo wells to a combination of explo plus appraisals along with what TPDC's additional price might have been for the extension and variation - a free carry for their chunk?

[skinwalker] 08/6/2015 15:12

Student Investor
Well I will agree that TipTop is a dangerous geek.
Did you know he's Stuard Detmer's nephew? He's also a Bishop, or at least was before he was de-frocked for his cross-dressing and wandering around Billericay Park late at night. He now sleeps on a park bench as his wife left him as she couldn't stand his nonsense witterings any longer.
Gerry
pleased LDLV is there, not here

[goggin] 08/6/2015 15:06

Tanzania Says Gas Reserves Rise 18% to Reach 55 Trillion Cubic Feet
Print
Statoil Asa (NYSE:STO)
Intraday Stock Chart
Today : Monday 8 June 2015

Click Here for more Statoil Asa Charts.
By Nicholas Bariyo

Tanzania's known natural gas reserves have increased by up to 18% in the last 12 months following a number of discoveries in offshore blocks, the energy and minerals ministry said Monday.

In a statement, the ministry said that the country's natural gas reserves now stand at 55.08 trillion cubic feet, up from 46.5 Tcf last June following finds in blocks off the country's southeastern coast.

The larger reserves are a major boost for Tanzania's fledging natural gas sector as the East African nation continues with plans to build a gas export plant targeting energy-hungry Asian markets. With more than 100 Tcf of natural gas already discovered in neighboring Mozambique, the region is poised to become the next natural gas hub on the continent, analysts say.

The energy and minerals ministry said the 532-kilometer gas pipeline, connecting the offshore oilfields to the port city of Dar Es Salaam is complete and will be commissioned in September.

The pipeline is expected to increase gas supplies to several gas-fired plants as Tanzania seeks to wean its electricity sector away from aging and unreliable hydro-power plants. A spokeswoman for the ministry said that fresh gas supplies will save the country around $1 billion a year in oil imports for electricity generation.

Companies including Norway's Statoil ASA (STO), Exxon Mobil Corp. (XOM) of the U.S., Italy's Eni SpA (E) and the U.K.'s BG Group PLC (BG.LN) have made a series of finds off the coast of Tanzania and Mozambique in recent years, making the region a hotspot for energy investors.

The U.S. Geological Survey estimates that East Africa's coastal region has potential reserves of up to 441 Tcf of natural gas.

Write to Nicholas Bariyo at [e-mail]

Subscribe to WSJ:

[gerryjames] 08/6/2015 12:57

Talking of absent posters and positions on boards, LDLV is recruiting on the Afren thread...


" shareholders therefore need to: 1) Submit a motion using a 5% shareholding group to remove key individuals from the board and replace the investor relations and to appoint a NED with two functions a) Oversee future investor reporting b) Oversee the appointment of an independent legal team to establish the facts behind the multitude of allegations that have occurred within Afren these past 24 months..."

Good luck with that...

[tmmalik] 08/6/2015 12:45

Things start moving in tanz,energy minister holding meeting on Friday about this project.Hopefully gsa process will speed up I guess mid August

[bunbooster2] 08/6/2015 12:39

Well, it's certain possible Studentinvestor. I guess we'll see.

My prediction goes like. GSA signed in July. Soon after SOLO take up the additional stake in KN-1 bringing in a few million.

In 2015 Gemini agree to provide the cash for a multi-well drilling campaign in Ruvuma.

10 million a year net starts flowing in from Kiliwani.

In 2016, after more drilling, Ntorya comes online bringing in an extra 15 million a year.

Despite the good news I relapse into depression and suddenly disappear from the board. Nobody knows where I have gone, few ask but the absence is felt even if misunderstood.

Years later I wake up dizzy and confused. I start posting again as if no absence has occurred.

By this point Aminex is a 200 million pound company and I am offered a non executive director position on the board in recognition of my excellent online analysis. I turn this down to focus on my charity activities.

[blackgold00] 08/6/2015 12:38

tip top, that's those little ice lolly pop up thingies we used to get when we were kids, isn't it

[blackgold00] 08/6/2015 12:32

have you told Tiptop about this?