Aminex Share Discussion Threads

[bunbooster2] 04/11/2015 18:34

But who is truly free? The fat bloke, with his expense account, wife, gym membership and job or the tramp with nothing.

[jacks13] 04/11/2015 09:24

LM, you remind me of the fat bloke sat in the restaurant window eating his steak grill whilst the hungry tramp looks yearningly on.

[liquid millionaire] 04/11/2015 09:13

Wentworth Resources (WRL.L, 31.5p, £53m) ops update. Following first gas
deliveries into the transnational pipeline in August, the production
facilities, export pipeline and receiving facility are now operational
and gas is being used to generate power at the (existing) Ubungo-II,
Symbian and (new) Kinyerezi-I plants in Dar es Salaam. Export averaged
33mmcfd in October with a gross payment of $3.8m to the partners (WRL
32%) from TPDC. Still producing at a restricted 33mmcfd from three wells
currently, with fourth expected to be tied in this month and fifth in
Q1. Coy previously expected to reach 70mmcfd in October but still
anticipates hitting its 80mmcfd YE target during Q4. Positive – first
cash in the door, although this will be slightly tempered by the
slower-than-expected ramp up of exports.

[gerryjames] 04/11/2015 07:55

It must have killed them.

[liquid millionaire] 04/11/2015 07:48

888ICB 4 Nov'15 - 07:44 - 341 of 341 1 0

RNS first payment received. Very positive news for Wentworth and also by association for AEX.

[bunbooster2] 04/11/2015 07:43

And they got paid a large sum of money!

[warbaby43] 04/11/2015 07:41

But for now at least, the Wentworth RNS provides an explanation as to why Kiliwani gas is neither wanted nor needed by TPDC. Bets on sometime in 2016 are looking better than ever this morning.

[cervelo] 04/11/2015 07:30

Only if Wentworth can't supply all gas needed, which in time, surely they can not.

[cervelo] 04/11/2015 07:07

Wentworth RNS this am. GSA looking positive for them.

[blackgold00] 04/11/2015 06:02

yes, but he's never said which year

[bo42] 03/11/2015 19:21

Aminex CEO, Jay Bhatterchajee says he is confident the gas sales agreement with Tanzania will be signed by the end of the month




Aminexdeadlinemissed

[joestalin] 03/11/2015 18:51

I think that applied to most small oilcos, nerd.

[nerdofsteel] 03/11/2015 15:55

Why do the Directors of this Company earn so much when the Company LOSES MONEY, has failed to meet ALL its targets and they have so far failed to deliver the GSA and have missed their taregt to deliver revenue in 2015?

These people are overpaid and should be voted off the Board at the next AGM IMO

All they've done is deliver........well, deliver NOTHING and destroyed Shareholder value.

[blackgold00] 03/11/2015 15:27

you're putting a lot of effort in here, it's looking like you've become desperate Dan

[ngms27] 03/11/2015 14:23

I'm afraid what Dan says is true, it's jobs for the boys raping shareholder equity. The only winners at the AIM Casino.

[dan_the_epic] 03/11/2015 13:42

LOL. So lets look at those delicious 'troughtacular' compensation packages for last year

Mr Invisible man Brian Hall raked in $432k
Mr GSA is imminent Jay Bhattacherjee collected a healthy $247k
Mr what the hell has he even done Philip Thompson pocketed $229k
Mr I like 15% debt from 'friends' Max Williams coined $194k.

Jobs for the boys. Aminex likes giving jobs for the boys. Remember when PITPOT was super excited about Aminex getting a new better management team.

Looks like they are sailing happily into the sunset on a bed of money.

[tradingmyplan] 03/11/2015 13:41

You'll get a new book with it at the moment - you seem a well read chap.

[tradingmyplan] 03/11/2015 13:41

Don't worry about the time value of your £5 short anymore. Close it and by a happy meal.

[dan_the_epic] 03/11/2015 13:27

At this rate I'll be in my cold hard grave before this stock actually does anything.

Forget the story for the moment. I'm thinking about the time value of money and all the missed shorting opportunities from having cash tied up here over the past year for it to do nothing. Worse than the bank interest rate at 0.5%.

This management team really are useless. Raking it in with ridiculous salaries when Aminex is struggling for breath and achieving nothing.

Easy life, eh. WTF is old boy Thompson even doing?!! Haven't seen his name mentioned for donkeys years yet gets a crazy salary. I suggest you all look into his San Leon past. Gave it a foundation to fail.Have to feel for the bulls here as they sure have been fed the tripe.

[blackgold00] 03/11/2015 11:32

here we are, better late than never



Principle terms of the transaction:
-- Sale of Aminex USA to Northcote and Springer for a total consideration of US$5,000,000;

-- US$5,000,000 payment comprises: US$150,000 of cash, US$350,000 worth of Northcote ordinary shares at a price to be set once shareholder approval is received (which will be considered as an asset available for sale) and a production payment of US$10 per barrel until a total of US$4,500,000 has been recovered with first payments to commence from 1 January 2015;

[blackgold00] 03/11/2015 11:27

how much was it $10 a barrel to Aminex? we should start seeing some payments soon then. as they say every little help


Northcote Energy Ltd Shoats Creek Update Date : 28/10/2015



Northcote is also pleased to announce that it has received permission from the
Louisiana Department of Natural Resources to commence oil sales from the
Lutcher Moore #20 well at Shoats Creek Field and with this permit in hand the
Company has now commenced making sales.

Northcote Managing Director Randall J. Connally said, "We are pleased to have
permission to sell oil from the LM#20 and also to have Red Rock Resources as a
partner in the development of the next several Frio wells at the Shoats Creek
Field. The high impact low cost potential of the Frio formation at Shoats
Creek was clearly demonstrated by the expectation - beating 340 boepd (gross)
test results reported for our recently drilled and 93% working interest Lutcher
Moore #20 well. Having a solid partner led by a capable management team will
facilitate continuation of the development programme at Shoats Creek to the
mutual benefit of our shareholders."