Aminex Share Discussion Threads

[blackgold00] 10/2/2017 13:34

not until results please. there has to be a big buyer out there, isn't there? i'm half expecting a holding RNS to drop in the box

[tidy 2] 10/2/2017 12:35

Break 4.5p and next targets are 5.4 and 7p. From Donk the master chartist.

[tidy 2] 10/2/2017 12:25

Is captain dead?

[pj 1] 10/2/2017 12:17

I believe SueYou escaped the AEX asylum to find him/herself in another!

[bunbooster2] 10/2/2017 12:17

May he rest in peace

[blackgold00] 10/2/2017 12:16

i don't think the Captain will turn up

[rafix] 10/2/2017 12:12

Cashandcard turned up wow just need SueYou and CaptainNelsonForties and we got the old crew back

[robbie1424] 10/2/2017 12:08

Buys going in as sells.
Just so peeps know.

[edgar222] 10/2/2017 11:15

1% on royalties in Egypt.No liabilities.

[pj 1] 10/2/2017 11:05

Does AEX still have a free carry in Egypt or was it disposed of?

[tidy 2] 10/2/2017 11:02

Nice one ngm

[cashandcard] 10/2/2017 10:50

ngms,

The loans to Egypt are partly to facilitate payment to OG companies. It'll get there, they are shrinking what they owe companies. They also have high margin production in Morocco.




Cash

[ngms27] 10/2/2017 10:47

SDX == bargepole to me.

They might have the same problems as COP:
Hardly ever paid
When they are its in Egyptian dollars
The Egyptian Government prohibits monies leaving the Country

[tidy 2] 10/2/2017 10:42

Perfect rerate here not to quick.

[cashandcard] 10/2/2017 10:02

phoebusav,


SDX is a smashing company, fantastic production & cashflows, especially after prowling circle oil's production assets away from them at a heavy discount. Well positioned company in a prolific Gas and Oil basin. Lots of similarities with AEX.


Cash

[phoebusav] 10/2/2017 09:54

Edgar, I agree with you in essence on VOG, but I don't see the value there unless they can actually generate some decent free cash flow and turn a nice profit. MJW goes on about it being really undervalued, but on what basis Malcy? All he gave us was a throw away remark without any analysis or reasoning to back it up. If there's a good mathematical argument, I'm all ears. AEX and SDX actually have major operational catalysts dead ahead as well as nice underlying cash flows. VOG's drilling doesn't sound high impact, so where's the catalyst?

[chrisc168] 10/2/2017 09:42

I am so glad I sold SOLO and bought into this. This has multi bags written all over.

[cashandcard] 10/2/2017 09:39

I am having second thoughts on AEX having walked away some years ago, its sorted its old money/cashflow problems and are in a strong position to unlock the value in the Ruvuma license. Its the size of the column and potential for liquids (at some point) that is quite exciting in this well, 25-30m with high pressures in a heavily gas prone basin is quite something. I would like to see a proper 3D shoot going forwards.

I like the fact they have a cornerstone investor in Zubair group. Anyone invested in HUR will know how transformational it was getting Kerogen capital and CA onboard to fund the immensely successful drilling campaign West of Shetland. Agree with ngms, they are sitting on multi-billion barrel portfolio. As their boss and founder Dr Trice says about big oil 'they've been looking in the wrong rock'. I think AEX is potentially about to uncover a large gas resource with some liquids and the implications for other prospects will be positive and seen in the days to come.

The eventual conclusion if they continue to prove up the licenses will be an exit event as the resources will be beyond AEX's scope to develop.


Cash

[edgar222] 10/2/2017 09:36

I don't think VOG has surged on operational news, I think it is the market waking up to it just being undervalued.

Two things happened pre-surge. One was the operational update and the other was Malcy shouting about how VOG was the most undervalued company in the bucket list.

So I grant you this rise may just be froth and it will come back (and I hope so in order to allow me in at a better price!)

Don't pretend to know the nuts and bolts of it all but the model of finding, extracting and selling gas to a hungry market is one I like. Explorer to utility.

[tidy 2] 10/2/2017 09:35

Good post mate

[phoebusav] 10/2/2017 09:20

TBH I can't really understand why VOG has ripped higher as it has. The update the other day showed only tiny Q on Q increase in cash and an actual deterioration in net cash position. VOG has styled itself as a utility company rather than an E&P company, so what's a utility company generating little if any free cash flow actually worth? Perhaps the market was asleep to the fact that one of the two production wells currently being drilled has an exploration 'kick'. Personally I was fully aware of that ages ago, so I don't think it's that being priced in all of a sudden. Even if they do increase the GIP figures they will still have to find more gas customers to monetize it. Gas and oil prices are going up you say. Not for VOG in Cameroon they're not, a fixed high price regime for them if I remember, so VOG should have no benefit from increasing gas prices. VOG is nice and GL to holders, but I just don't see the reason for the current surge. Far better off here or in SDX.

[tidy 2] 10/2/2017 09:04

VOG should come back to 35p imo

[tidy 2] 10/2/2017 09:03

AWX Main Market open to more insti's btw ;)

[edgar222] 10/2/2017 09:00

FWIW (and since we are all working out where the next Aminex is!) I really like Independent Oil and Gas (IOG).

VOG too but I feel like I have missed that boat.

[rettah] 10/2/2017 08:59

Yes, I've seen malcys blog and bucket list and I still can't work out why SDX is so cheap. I have a fair load of AEX and wanted to buy more on the retrace to 3.5p! :-(