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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aminex Plc | LSE:AEX | London | Ordinary Share | IE0003073255 | ORD EUR0.001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -5.56% | 0.85 | 0.80 | 0.90 | 0.90 | 0.85 | 0.90 | 3,674,301 | 09:46:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 64k | -4.06M | -0.0010 | -8.50 | 35.79M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/8/2016 15:09 | It's all academic at this point. Certainly the company won't apply for a license until the NT2, and possibly even NT3, appraisal drilling is complete. I don't expect a penny of revenue from Ruvuma for at least 18 months. That's not long off in the O&G space though. | vike1 | |
08/8/2016 15:00 | It would be very strange to be granted a development license prior to evaluating the resource as TPDC would want to look at maximising recovery and cash flow from the asset. Thus I only think this is feasible if NT-2. | ngms27 | |
08/8/2016 14:50 | Development license to be applied for. Now you're going to say obtaining that, even for its existing NT1 discovery, is not guaranteed. But seriously, why are you getting sucked into this discussion? | vike1 | |
08/8/2016 14:42 | Re condensate, I did, and they are. | vike1 | |
08/8/2016 14:18 | They don't have a development license yet so absolutely zero chance never mind the technicals involved. | ngms27 | |
08/8/2016 14:13 | Obviously they would use a tanker not a normal lorry. It's simply a case of fixing up a nozzle (not too hard), filling her up and driving to the local cement factory (who will pay in cash - American dollars). I wouldn't be surprised if this starts happening before the next appraisal well is even drilled (Not ideal, but the extra cash flow now will make up for the lower extraction rates). | bunbooster2 | |
08/8/2016 13:59 | Laughable really about trucking gas. I'd also check to see if Aminex actually get any revenue from the Condensate given they are paid for the Gas at the well head. | ngms27 | |
08/8/2016 13:50 | At that distance we can even truck it over until the longer term solution is in place Not really, you would need processing and compression - almost certainly not a viable option. | greyingsurfer | |
08/8/2016 12:22 | Requiring some construction to carry hoards of gas 31 kms away would be a great problem to have! At that distance we can even truck it over until the longer term solution is in place. We'll see how wet any future discovery is. Remember, the condensate as part of the NT1 discovery can be sold as well. | vike1 | |
08/8/2016 11:06 | I accept that there is a gas processing plant in place but how far is that from Ntorya? Remember wet gas corrodes pipelines so normally you would locate them close to the wellheads NOT 10's of KM's away. | ngms27 | |
08/8/2016 10:19 | The direct implication of investment in an EPS of a size commensurate with supplying power to Mtwara industrial users means a payback time of years, hence "long term" for any spur pipline - see second from bottom para of p51 of Prospectus. | warbaby43 | |
08/8/2016 10:04 | DAVY VIEW Cash from the recent funding and the start-up of gas sales from Kiliwani signal a major shift in the financial status of Aminex and also provide a core for valuation and cash flow. This compares positively to recent years when Aminex has struggled to match expenditure requirements with its funding capacity. The group now has a much more stable platform to grow and generate equity value for shareholders. Consequently, we are changing our rating to ‘Outperform | edgar222 | |
08/8/2016 10:04 | Sorry major typo. I meant 700k - 1m per month not 10m Oops | edgar222 | |
08/8/2016 09:51 | The processing plant is right next to the pipeline. Already built. | vike1 | |
08/8/2016 08:22 | It's wet gas so won't be admitted to the National pipeline as-is. It will need a processing plant to be built to strip out the NGL's. | ngms27 | |
08/8/2016 07:57 | Ruvuma doesn't need much infrastructure. If it's a massive find, then we build a steel pipeline 25km to link into national pipeline. If smaller (sub-500bcf) we can lay less expensive plastic piping (the kind used in the UK). Neither takes long to build, and would be able to finance the cost via RBL, etc. The LNG plant is an interesting side story for the country, but it doesn't involve us in any way. That's for the Shells and Exxons. Even if we find gas in Nyuni, years from now, we would link to existing infrastructure at Songo-Songo for domestic/regional use. | vike1 | |
08/8/2016 07:20 | The dream that will not die: Meanwhile edgar222, "If they are declaring a profit of 7-10m dollars per month" I would be interested to see when you might envisage that, bearing in mind it would imply somewhere around 140-200mmcfd with no Ruvuma pipeline infrastructure foreseen until "long term." | warbaby43 | |
08/8/2016 07:13 | I haven't shorted anything for years | ngms27 | |
08/8/2016 07:02 | Fingers need to be firmly crossed when NT-2 spuds, I'd be very tempted to take some off the table if the share price goes above 2.25p pre drill result. I thought you were short? Peter | greyingsurfer | |
08/8/2016 06:59 | Chickens and counting comes to mind. I'd be concerned that management only have a COS of 60% for Ntorya-2, I'd have expected 80% plus given the story they have been selling. However it might explain why no one ended up farming in. Fingers need to be firmly crossed when NT-2 spuds, I'd be very tempted to take some off the table if the share price goes above 2.25p pre drill result. | ngms27 | |
08/8/2016 00:02 | whats the new mcap of AEX now? at 1.3p, are we already 50m mcap? | nash81 | |
07/8/2016 17:42 | If they are declaring a profit of 7-10m dollars per month what p/e gets applied? 10? 20? Not a million miles away from your figure Warbaby. | edgar222 | |
07/8/2016 16:13 | As the currency of the industry is the dollar, wouldn't any chicken counting better be done in dollar terms than in pence per share or even in sterling. As 8p equates to c$364 market cap, they have a lot of gas/fluids to come up with to justify such a price tag. | warbaby43 | |
07/8/2016 12:08 | SlepyNot sure I ever thought £1 per share, that would now be £3bn market cap.But 20p plus is achievable and foreseeable, with a fair wind. I dont mean this year btw!8p changes my life but i wouldnt sniff at 7p either. LolGood luck to you. I understand your frustration and share the delay fatigue. But the story is still there. | edgar222 |
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