Aminex Share Discussion Threads

[jacks13] 09/8/2016 21:43

That'll be the first job for the new technical director when he takes up his post; requisition an ample supply of jerry cans. Now where to get some stout 3m (no, correction, I'm allowed to say ten foot now that we're leaving you know where)poles?

[blackgold00] 09/8/2016 15:17

ngms, "Absolute zero cannot be achieved, although it is possible to reach temperatures close to it through the use of cryocoolers, dilution refrigerators, and nuclear adiabatic demagnetization. The use of laser cooling has produced temperatures less than a billionth of a kelvin."

as you say it would open a whole new can of worms. or probably all that lovely resource will end up disappearing down one of those wormhole thingies and get lost in some parallel universe, and that would take aex share price straight to zero, absolutely.

"scientists have long suspected that if temperatures were to plunge to near absolute zero, molecules would come to a screeching halt, ceasing their individual chaotic motion and behaving as one collective body. This more orderly molecular behavior would begin to form very strange, exotic states of matter—states that have never been observed in the physical world"

[ngms27] 09/8/2016 14:15

The there's even more of a conundrum. Methane the chief component of Natural Gas boils at -161.5C meaning transporting it as a liquid to be more volume efficient requires large scale refrigeration a'la LNG. But think of physics and the relationship between pressure and temperature. With Natural Gas reducing the pressure for domestic use (from a tanker) can result in a temperature of absolute zero which as you can imagine opens a whole new can of worms.

Effectively your nozzle would get severe frost bite.

[irishmouse] 09/8/2016 14:12

Afternoon all,interesting topic.The most practical idea would be to set up a cigarette lighter factory at the well head,fill up the lighters using low pressure,no expensive equipment needed.we fill up the lighters quarter full as they always are,that extends the well life.Then take them down the post office and post them to China for world wide distribution.If we start to produce liquids we could diversity and fill up Zippo's.There you are job done.

[bunbooster2] 09/8/2016 14:08

Gas is not wet by definition. You are thinking of oil, or condensate which is a mix of gas and oil (which Ntorya has by the way and is valuable. Also Kiliwani is producing 150 mm barrels a day of this).

However tankers can handle liquids! Just flag down any tanker you see driving by and ask them what they are transporting. You may be amazed by the responses - milk, water, oil. All very wet I can assure you?

[lfdkmp] 09/8/2016 13:52

Always rely on ngms to put a dampener on a good idea.

Next thing you know he'll be saying the whole tanker and nozzle project is totally implausible.

[ngms27] 09/8/2016 13:30

Using Wellhead pressure you would only get a few BBQ gas cylinders worth in the whole tanker, totally uneconomic.

Then they wouldn't transport the gas as it would be too wet and corrosive.

I therefore suggest you go and play with a different nozzle.

[jacks13] 09/8/2016 12:08

In the old days when we had those army surplus shops you could buy jerry cans quite cheaply. There's probably loads of those still about, tucked away in the back of the shed and such and you sometimes see them strapped to battered Land Rovers like the driver is off on safari. If we all had a good rummage around we could probably come up with ten or twenty at no cost to the Company. Tie one on each end of a pole and get the locals to deliver on foot. Cheap and effective I think.

[greyingsurfer] 09/8/2016 11:57

I think you should be Aminex's new technical director, BB, you clearly are right on top of the issues!

[edgar222] 09/8/2016 11:41

Bun

Do you really need an expensive nozzle?

Would a shovel not do?

[bunbooster2] 09/8/2016 11:27

You use the nozzle to get it into the tanker. No need for compression, expensive NGLs, etc. Use local material (easier to get, keeps costs down).

I haven't spoken to the AEX team about this directly yet - but this doesn't need to be overcomplicated.

[ngms27] 09/8/2016 11:17

As Peter pointed out the wellhead pressure won't be high enough to use a tanker economically, the Gas would need compressing and any NGL's extracted first.

You stupid stupid boy Pike

[bunbooster2] 09/8/2016 09:41

"There are existing Diesel, Heavy Fuel Oil and a planned coal fired power station."

Um, yes. I guess so.

"That's going to mean an awful lot of nozzles."

I feel you're mocking me but I haven't heard anyone point out any flaws in my suggestion of a fleet of local tankers (using cheap local workforce not trained drivers - to save money), filled with a simple nozzle inserted into the ground (simple, local technology, no over engineering), and then transported to areas of demand (sell for a profit).

This doesn't need to be complicated!

[edgar222] 09/8/2016 09:19

"That's going to mean an awful lot of nozzles."


And tankers. Not lorries.

[lfdkmp] 09/8/2016 09:03

"With LNG timelines that demand will have to be met by onshore gas".

That's going to mean an awful lot of nozzles.

[888icb] 09/8/2016 09:03

My new shares have now been put into my Barclays account with my existing shares and so are available to deal. It will be interesting to see where the rest of the new shares have ended up. I am hoping we can start to move north in the coming days.

[ngms27] 09/8/2016 09:02

Not necessarily so. There are existing Diesel, Heavy Fuel Oil and a planned coal fired power station.

[bunbooster2] 09/8/2016 08:50

"Tanzania plans to spend 7 trillion shillings (£2.46 billion) over the next five years to connect about 1 million rural households to electricity"



With LNG timelines that demand will have to be met by onshore gas.

[edgar222] 08/8/2016 20:39

Cheers, Irish

[irishmouse] 08/8/2016 20:01

Part 2.

Funding and production start-up at Kiliwani signal sea-change for group
Net funding of £18.4m, which includes a cornerstone investment by an Oman investment conglomerate, in addition to the April start-up of gas are important for Aminex. The funding provides capacity to drill out additional gas reserves/resources in the group’s inventory, and gas production will provide valuable financial flexibility and illustrate that Aminex can create full cycle value.

Funding ensures drilling activity
The net £18.4m funding will enable Aminex to drill one appraisal well and one exploration well, both on the Rovuma licence. This goes some way to meeting drilling commitments but is also essential if the group is to add additional value through growing the existing reserve/resource base.

[irishmouse] 08/8/2016 19:59

Hope this helps.

Longer-term strategy to become an onshore Tanzanian and East African gas provider is sensible
We think becoming a gas producer onshore Tanzania (and possibly in other areas along East Africa) is a sensible and rational route for the group’s further development. The region is well understood by Aminex; gas is already an established resource; and infrastructure is slowly building. Final gas demand will continue to increase, reflecting economic growth and replacement of biomass as a source of fuel. Importantly, Aminex has plenty of targets in its portfolio that it can pursue. Crucially, we believe that this strategic position played an important role in the group’s new inward investment. We also think that one consequence of this strategy is that Aminex will, over time, move away from higher risk exploration plays to become more appraisal and development focussed.

Valuation analysis; moving rating to ‘Outperform217;
Our valuation (adjusting for the funding) breaks out at 2.4p per share. Of this, just under 1p is made up by Kiliwani and cash. The largest element of the valuation is the prospective resource in the Rovuma and Nyuni licences. It looks as if the market has thus far been prepared to just buy the near reserve of Kiliwani and offer little value for the prospective assets. However, the cornerstone funding and cash flow from Kiliwani now provide a mechanism to realise these resources. We are therefore moving our rating to ‘Outperform217; from ‘Neutral’;.

[edgar222] 08/8/2016 17:40

Bun

I don't know what we would do on this board without your technical expertise.

Tanker not normal lorry. With nozzle. Has someone told Jay?

[vike1] 08/8/2016 16:09

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.