Aminex Share Discussion Threads

[blackgold00] 13/1/2016 12:45

ngms, why do you think, "10-15mmscfpd more likely" are you thinking that is the rate that will optimise the life of the well?

[ngms27] 13/1/2016 12:37

Whilst getting the GSA is good news we still don't know what the agreed production rate will be and thus the cash flow AEX can expect. It certainly won't be 30mmscfpd, I'd think 10-15mmscfpd more likely.

Now AEX have diluted KN-1 isn't going to be enough to keep the lights on, they need the Ntorya wells drilled by Q2 to avoid another cash call at such a low SP

[blackgold00] 13/1/2016 11:24

Bun, I don't think they have established the optimum production rate yet,

from AEX RNS

"Final well preparations, which are currently ongoing, are being completed prior to testing and commissioning of the new plant. During this phase production rates will be varied to optimise well life and establish commercial rates".

[warbaby43] 13/1/2016 11:12

Bunbooster, if there is an interview then hopefully that might be made clear. However, the repetition of the Mataragio claim of a surfeit of gas combined with the seeming difficulties of bring Kinyerezi-I fully on stream rather obscures expectations of production rate and date.

[warbaby43] 13/1/2016 11:03

While the AEX share price uptick may be disappointingly modest, it does stand in contrast to the BLVN share price which has dipped this morning to below the sensitive 20p mark increasing, of course, if it stays down there, the number of BLVN shares AEX will acquire for the $5m part of the Kiliwani-1 sale providing it completes.

It also coincides with a BLVN rerating by Barclays which is embarrassingly factually out of date and wrong in a number of respects:

[bunbooster2] 13/1/2016 10:47

Warbaby - don't we know the rate of production? It says 20 mmfcd and that it is take or pay so even if they don't use it they pay 85% of that. Have I understood that right?

[blackgold00] 13/1/2016 10:37

warbaby, yes an interview would be good, I like blonde and it would be nice to see if JB can make her purr

[warbaby43] 13/1/2016 10:32

More about power plant gas demand in this:

[warbaby43] 13/1/2016 10:23

An unfortunately lousy market time for such an announcement but the $3.07 is a surprising delight for the wellhead price as is payment in advance. Some caution is, however, still in order bearing in mind that neither the start date of commercial production nor the production rate are yet known. Both will depend on electricity plant demand which is as yet unclear.

Will our Jay be having his day with one of the kittens and will the word "imminent" be used for production start-up?

[kevjones2] 13/1/2016 10:14

Blackgold, I think Premier's suspension is because they are involved in a reverse takeover. This is actually great news for Premier.

[bunky3] 13/1/2016 10:11

Bowleven will be signing today or very soon.

[mug3] 13/1/2016 10:03

I calculate somewhere between $6-8 million a year in net revenue to Aminex now for a lot of years. Great deal Jay. How did you get that price for the gas? Got to take my hat off to you. And the Tanzanian Government pay you monthly in advance. Incredible negotiating skills.

[888icb] 13/1/2016 09:56

This is a real landmark day for AEX and one would hope that it is recognised by the market in due course.

[lfdkmp] 13/1/2016 09:20

"Each month, the TPDC will be required to pay one month's revenues in advance, secured with a letter of credit issued by the Tanzania Investment Bank."

Paying IN ADVANCE with guarantee!. That Ladies and gentlemen is very significant.

EDIT

and I don't mean just in terms of being paid. It will make AEX Balance sheet look much better as there shouldn't be large amounts tied up in accounts receivable. It will be shown as CASH. In this market that can't be bad.

Well done Jay B.

[clunes100] 13/1/2016 09:09

PJ agreed about market muting response but it may be dawning on punters that some AIM stocks like AEX and VOG are now under priced based on the fact they have reserves and fixed price contracts with major (all relative) customers in the bag on long term contracts.

[pj 1] 13/1/2016 08:54

Well done boys and girls, at least a little more security now for you and they get rid of that 15% hanging round the neck. Muted response though, hardly unexpected, fear of the Bear Market everywhere and taking Toll.

[duxy786_2] 13/1/2016 08:47

Thank you for letting me grab a bite for 1.54. Can't buy 10p coins for one n half pence

[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.