Aminex Share Discussion Threads

[blackgold00] 13/1/2016 08:43

Premier Oil suspended, its all got very scary out there. some how I feel safer in here now

[clunes100] 13/1/2016 08:38

Pop.........fizzle.

Let's hope that as peeps arrive at their desks that we'll see a steady climb and new share price level during the course of the day.

[gerryjames] 13/1/2016 08:36

Ross bought Duxy's stock. Then it all looked very baked-in.

[skinwalker] 13/1/2016 08:30

Excitement over?

[slepy] 13/1/2016 08:29

Wow it's been a while! There is still hope to get the money back. Maybe with a bit of profit on top! Ntorya 2 will be crucial to get boost!

[edgar222] 13/1/2016 08:14

Look at RKH. They announce a huge discovery in Falklands and nothing happens.

This will be different. The market will see the cash and balance sheet improvement (debt resolution). That's what the market wants at the moment.

Then the future asset drilling will come into play.

[impvesta] 13/1/2016 08:13

Never in any doubt........!!! Not expecting any short term fireworks but I really think today is the turning point and we can head towards a brighter future.

[sleveen] 13/1/2016 08:13

The deal is at the same price as WRL @ $3.07.

[edgar222] 13/1/2016 08:10

Next Solo takes up their option for more KN1

BLVN deal goes through

Rig is booked

Drill programme for Ntorya2 starts

Balance sheet sorted with debt repaid

....in no particular order.

It is Ntorya 2 that will give us our reward

[blackgold00] 13/1/2016 08:02

I think we need to under stand this GSA is a depletion contract.

"The Kiliwani North GSA allows for the expected depletion of production from the field over time. In each contract year TPDC will be required to purchase, take delivery of or pay for a pre-determined volume of gas. In the event that TPDC elects not to take delivery of the pre-determined volume, it will pay for the equivalent of 85% of the agreed commercial rate of gas to be supplied, adjusted each year in accordance with the terms of the GSA. Gas from Kiliwani North will be supplied to the recently completed Songo Songo gas processing plant"

[warbaby43] 13/1/2016 07:59

Well, hurray, hurray, hurray!!!

And now let the new game begin:

"The start of commercial operations will be mutually agreed between the TPDC and the Company after testing and commissioning has been completed."

Can't wait for the video clip interview and the predictions and then the odds being laid on actual commercial production kicking off.

[edgar222] 13/1/2016 07:56

Same price as WRL when the Tanzanians built the pipeline to wellhead?

Not too shabby.

Stick that in yer pipe ngms and others.

[blackgold00] 13/1/2016 07:52

BunBooster, "initially set at 20 million standard cubic feet per day ("mmscfd")",

from Solo RNS

"The GSA is a depletion contract allowing for the expected production of reserves from the KN-1 well over time. In each contract year TPDC is required to purchase a quantity of gas and pay whether delivery is taken or not. The annual quantity represents 85% of the minimum daily quantity of gas to be supplied, initially set at 20 million standard cubic feet per day ("mmscfd"), and adjusted each year in accordance with the terms of the GSA."

[vike1] 13/1/2016 07:35

Let's get the hype machine going! Good revenue, no debt (soon) and massive near turn (free carry) exploration upside!

[bunbooster2] 13/1/2016 07:29

SOLO RNS says 20 mmfcd - so not the mooted 30 mmfcd.

[gerryjames] 13/1/2016 07:27

Good news too from Wentworth and their payments.

" Payments by the buyer, Tanzania Petroleum Development Corporation
("TPDC"), to the Joint Venture, for gas sales delivered to the new
pipeline have been consistently paid in accordance with the agreed
terms. Under the Gas Sales Agreement signed on 12 September 2014, the
sale price has been set at US$3.00 per million BTU (approximately
US$3.07 per thousand cubic feet, rising in line with the US CPI
industrial index) commencing in 2016."

[bunky3] 13/1/2016 07:27

wow. Great news

[bunbooster2] 13/1/2016 07:25

If only Bowie had lived to see this day. Why do you hate music, Jay?

[cervelo] 13/1/2016 07:23

Looks a very similar has to wentworths a long while ago. Why didn't they just photocopy that???

[duxy786] 13/1/2016 07:21

Finally, knew it would be too long after tgat rns.

[cervelo] 13/1/2016 07:18

Should now rapidly see completion of bowl even and solo deals so transformational for AEX is not to strong a statement I think.