Aminex Share Discussion Threads

[blackgold00] 18/8/2016 07:36

ngms,

"Solo is pleased to announce that it has been informed by Aminex PLC, operator of the Kiliwani North Field, that payment has now been received for its first invoice in relation to gas produced from the Kiliwani North-1 well in Tanzania during April and May and supplied to the Tanzania Petroleum Development Corporation ("TPDC")."

[haggismchaggis] 18/8/2016 07:34

Who cares? Nitpicking for the sake of nitpicking! We know Aminex will have enough income to cover costs and some, it will be a profitable company at the operational level. Big gains can be made by proving up Ruvuma. Stop nitpicking about very short term irrelevant figures.

[ngms27] 18/8/2016 07:31

First Gas was the 6th April. How long will the commissioning phase take? The intial figure was put at 8 weeks.

Why haven't Aminex stated how much the payment was for?
Why haven't Aminex stated which period the payment is for given they are supposed to be paid monthly?

[888icb] 18/8/2016 07:28

Excellent News which will hopefully be reflected in the sp!

[lfdkmp] 18/8/2016 07:25

So AEX is now a PAID producer in Tanzania.

[blackgold00] 18/8/2016 07:11

from Solo's RNS, no mention of taking up a further interest in KN, also NR by way of example, would seems to suggest a production rate of 25mmcfd

Neil Ritson, Solo's Chairman commented:

"Solo is delighted that the first payment for gas from the Kiliwani North field has been made with minimal delay. Whilst the first payment is quite small, reflecting initial commissioning rates, we are pleased that an income stream has now commenced. Future payments will be larger and create an underlying cash flow from operations that will support Solo's ongoing investments. At a production rate of 25 million cubic feet per day and Solo's current interest these payments equate to approximately US$150,000 per month."

[cpap man] 18/8/2016 07:10

AMINEX PLC

("Aminex" or "the Company")



FIRST PAYMENT RECEIVED FOR KILIWANI NORTH GAS



Aminex PLC (LSE:AEX) is pleased to announce that it has received first payment in relation to gas produced from the Kiliwani North-1 well in Tanzania and supplied to the Tanzania Petroleum Development Corporation ("TPDC").



Gas produced was paid in $US and in accordance with the Company's Gas Sales Agreement ("GSA") with TPDC. Scheduled future payments will be in accordance with the agreed GSA. The Company continues to work with TPDC during the current commissioning period to achieve an optimal rate and during this phase is being paid for all gas produced.

[haggismchaggis] 17/8/2016 16:53

The higher the base before Ntorya-2 the higher it can go while drilling Ntorya-2, it's you that's the noise here.

[ngms27] 17/8/2016 15:17

Immaterial really until the results of Ntorya-2 are known. Just noise.

[888icb] 17/8/2016 15:11

Lets see if we can hold the share price above 1.5p today. Current Market Cap £53 million.

[warbaby43] 17/8/2016 07:49

As Swiss bankers smile, UK taxpayers can all feel a swell of pride this morning - $42m direct and another goodly slab of our money via that sacred institution the European Union:

[warbaby43] 17/8/2016 07:49

As Swiss bankers smile, UK taxpayers can all feel a swell of pride this morning - $42m direct and another goodly slab of our money via that sacred institution the European Union:

[888icb] 16/8/2016 21:14

The market cap is just over £50 million which is an important milestone making it investable for a lot of Institutional Funds.

[lfdkmp] 16/8/2016 21:07

Profit has been a scarce commodity for many investors here - suppose it's understandable if a few have taken a small profit at an early opportunity. Buying at 1.3 in the placing and selling at 1.4 or the giddy heights of 1.5 must have its appeal for some.

Me? I'm in until at least the giddier heights of 1.6. :-)

[skinwalker] 16/8/2016 20:27

Excitement over...Hey ho

[888icb] 16/8/2016 11:00

Volume 4 million UP 8.7%

[haggismchaggis] 16/8/2016 10:15

The 3-month breakout is imminent.

[888icb] 16/8/2016 10:01

A little move north has seen 1.5p paid and the Market Cap reach £50 million.

[skinwalker] 16/8/2016 09:00

La Reine de la double entendre.

[warbaby43] 16/8/2016 08:18

The new administration is, of course, eradicating government corruption (no laughing at the back of the class)

[warbaby43] 16/8/2016 08:05

Not just gas to power but an ambitious coal programme for Tanzania as well. Can't quite see the Greenpeace ninnies wanting to confront the Tanzania police force though with its dogs, its clubs and its teargas, along with a notorious appetite for using them.



The Ruvuma power plant mentioned looks to me to be around 200 miles distant from our neck of Ruvuma, though I stand to be corrected by our resident Google Map interpreters.

[haggismchaggis] 16/8/2016 08:04

I'm happy to hold Aminex stock as part of a balanced portfolio. Overall my portfolio has done very well over the past 20 years, that is what makes me happy, Aminex like many other long term stocks will come good and add some more profit to my portfolio. Only those that go 100% into one stock would be unhappy about holding it.

[gerryjames] 16/8/2016 07:51

Yes Jacks. Probably. I've absolutely nothing against happy people. They can hold whatever they want.

[jacks13] 15/8/2016 17:50

gerry, your post has been troubling me all day. Are you saying there are no happy Aminex holders?