Aminex Share Discussion Threads

[1bonanza] 15/1/2016 08:24

It's red at Solo ! Unreal !

[duxy786] 15/1/2016 08:16

I am Expecting a double extension from here. So 1.75-1.4 is 0.35 so a 0.7 extension to 2.45p

[warbaby43] 15/1/2016 07:50

Putting into context all the whingeing about class sizes over here:



Only now is education becoming nominally "free" in Tanzania despite all the foreign aid multi, multi billions handed over ostensibly to improve health and education.

A largely illiterate workforce is one of Tanzania's major economic handicaps.

[gerryjames] 14/1/2016 16:46

Shows what happens when you let Doctors and Professors run the Country. All those years at Universities, studing really hard...

The new President, son of a peanut farmer will sort them out.

Five things about John Magufuli:

1The 56-year-old is a former school teacher, industrial chemist and outgoing works minister
2Nicknamed "The Bulldozer"
3A devout Catholic with a corruption-free reputation
4Performed push-ups on the campaign trail to prove he was fit
5Pledged to end power shortages and exploit Tanzania's natural gas discoveries

[warbaby43] 14/1/2016 13:05

Mr Mataragio isn't letting up on his surplus of gas story.

[ngms27] 14/1/2016 10:01

That was way back with $100 oil, they wouldn't get close to that now days.

[bunbooster2] 14/1/2016 09:54

Whats being paid for a TCF nowadays. 500 million offshore? Favourable risk reward here.

[ngms27] 14/1/2016 09:15

No ones interested in AEX. If they prove up 1 to 2 TCF with the 2016 drilling campaign then maybe. Until then forget it.

[duxy786] 14/1/2016 08:40

Kiddies and Traders being scared in to selling here. Long Term holders here will greatly benefit from buying in to any price drop. The potential here is huge. I dont see us around by mid 2017 before which time, I expect this to be trading 8-10p. The M&A vultures will be circling this company now.

[bunbooster2] 14/1/2016 08:35

Hilarious this all comes together when the market is in tatters.

Medium term probably better off though, cheap rigs and maybe even a cheap acquisition (as is so often alluded to).

Crazy how cheap this is with farm out and GSA signed.

[warbaby43] 14/1/2016 07:44

Have no fear Aminex is here:

[warbaby43] 14/1/2016 07:43

Production "relatively shortly" testing "month to two months" but the conundrum is this - if revenue "net net to us" was $1m per month when they had their 60% (65-5% TPDC)and at 20mmcfd how come it's still $1m when they're down to 24% and at a forecast 30mmcfd. On the surface of it, the arithmetic doesn't square.

Or is he being a bit slippery and not taking account of the "imminent" 6.5% to Solo and 25% to BLVN?

[edgar222] 13/1/2016 19:38

Jay B interview

$1m per month revenue ? Not listened yet myself.

EDIT:


"Around a million dollars per month net to us...."



hXXp://www.stocktube.com/video/aminex-chief-eyes-us-1mln-of-monthly-revenue-at-kiliwani-north


EDIT (2)

Ritson interview

Already a rig available for Rovuma drilling

hXXps://www.youtube.com/watch?v=31OG0Gqq0E4

[thecynical1] 13/1/2016 19:36

amazing that the deal has actually been completed......bets on where it closes on Friday when the traders have moved on and all the excitement has died down?

[blackgold00] 13/1/2016 18:37

a nice 1,527,900 delayed trade at 1.80

[lfdkmp] 13/1/2016 17:04

I've heard a rumour that those shorting AEX are getting quite concerned.

The rumour is probably without foundation, however.

[haggismchaggis] 13/1/2016 16:35

Nice to close at the high of the day.

[traderinthemaking] 13/1/2016 16:32

Glad the GSA is finally sorted and GL to all the LTH.

I almost topped up today but I have lost so much here before that I decided to wait a bit... I may regret it... Time will tell.

TITM

[blackgold00] 13/1/2016 16:16

thanks fireplace22, NR was correct then.

[fireplace22] 13/1/2016 16:06

Initial gas price of US$3.00 per mmbtu (approximately US$3.07 per mcf);

[blackgold00] 13/1/2016 15:42

hmm, $3 per million cubit feet? I think NR might have lost it a bit there.
edit, sorry he says $3 per million BTU, so does that equate? hasn't he gone grey.

[ngms27] 13/1/2016 15:38

A GSA was anticipated 2 years ago ;)

My personal view is that they are over egging the cookie

[blackgold00] 13/1/2016 15:22

ngms, not a lot to go on in answer to your query, but found this in their half yearly


TANZANIA - KILIWANI NORTH & GAS COMMERCIALISATION

"Following an engineering review, it is anticipated that a sustained production rate of up to 30 MMcfd, higher than previously planned, will optimise the economics and the life of the reservoir".

[ngms27] 13/1/2016 14:22

TPDC are going to set a rate that can CONFIDENTLY be provided for a 12 month period. This will then be reviewed and likely lowered every annum to depletion.

The well tested at 40mmscfpd, it might well be technically possible to produce at 30mmscfpd for a period but given the small size of the accumulation I don't think thats going to go beyond 6 to 9 months.

I'd like to understand why the new BOD think 30mmscfpd is now possible when for years the guidance was 20mmscfpd.