Aminex Share Discussion Threads

[ngms27] 11/2/2017 08:41

Sorry yes the Jurassic at Likonde was where the well had the gas influx and had to be P&Aed

[temmujin] 11/2/2017 08:27

stockdale... sorry wrong thread was meant for ascent resources
Posts: 1,917
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Price: 2.225
View Thread (4)The Way This May Be GoingToday 07:17Having watched Colin for many months I believe I see where this is going. AST have PG10 up and running and just need the final connection to Croatia completed for production. PG10 provides adequate flow for the contract with INA in Croatia. So why would they need to get PG11a up and running so soon when he had stated that the income from PG10 would fund it?

Logically the extra gas that PG11a would provide and the fact that PG10 actually exceeds the INA contract requirement must mean that AST are getting another way to sell the extra gas and that Colin now knows about it. That other way would logically be the IPPC Permit allowing a gas plant to be built. News for that should fall early next week.

Raising this cash now would not be sensible without the necessity for doing so. Colin is a Chartered Accountant and would not be spending money unnecessarily. He has also said that this latest raising of cash would be for the benefit of all shareholders. How would a fall in the share price benefit shareholders? It can only mean this cash would enable the construction of the gas plant with Colin being in the full knowledge that the Permit is coming their way.

[edgar222] 11/2/2017 08:27

From Twitter (Cont'd)

I said

@jrkilvington @PaulBai123 Your BCFs are too conservative for N2 and N3 and don't convert using BoE. Use $3 per mmcf gas. Agreed no ramp.

Reply:

@EdgarTwo2 @PaulBai123 thanks@EdgarTwo2 I know..I was being conservative, my long term target is actually 55p

EDIT : You sorta have to go to twitter. If you look at my page @edgartwo2 you will see that he included a GIF of Jack Nicholson manically laughing after this. Its from One Flew Over the Cuckoo's Nest, I think.

Brinks - go easy ? We are all very friendly here. You make good points. A lot of unknowns and I am only trying to identify my target price. Proving to be quite difficult. We will know more by the end of this month. Perhaps a lot more. Flow rates, N3 drilling confirmation and whether that target size has increased in particular. Am holding. They aint gettin' mine yet !!

[brinks_matt] 11/2/2017 08:19

Thanks black gold, a lot to digest and research here.

[brinks_matt] 11/2/2017 07:29

Discuss: how much of it is recoverable and where's the cpr? How much Capex is required to get it out of the ground? How much of that is considered in the jammydodger tweet?

I'm new here so go easy!

[edgar222] 10/2/2017 23:30

From twitter

☿ Jammy Dodger ☿ ‏@jrkilvington 7h
Aminex - AEX.L heading for £0.16

I retweet. PJ1 replies.

@jrkilvington @EdgarTwo2 I'd slow down a lot with that blatant ramp. Although things much more positive than in years.

Reply:

@PaulBai123 @EdgarTwo2 NT1=70BCF+NT2=153BCF+NT3=945BCF=1,168BCF =193mboe x75% x $6.8pb x60%(CoS)/1.25(GBPUSD)=£475m/3,377m=14p+2p(|Killwani)


Discuss.

[tidy 2] 10/2/2017 23:07

High gas influx and oil shows N2Gas and condensate N1 L1 High gas influx and ?

[canigou2] 10/2/2017 23:00

No, I agree. I don't know how you can link this result to Likonde based on what we know. All we've been told so far is that the characteristics of the reservoir at target do not match those expected, but they appear to be significantly better.

Testing and integration of all the new data will be needed to get answers to a very many questions. So very interesting times.

[blackgold00] 10/2/2017 22:54

NT-3 Secondary target: L. Tertiary sands (encountered at Likonde-1): 426 BCF Pmean. not Jurassic which is older and would be deeper

[ngms27] 10/2/2017 21:56

Haggis you are way off the mark. The Likonde sands are shallow in the Jurassic something like 1200m tvdss. They are the secondary 400BCF target for NT-3. NT-2 pay is 100% definitely nothing to do with Likonde. It might be a different sand channel(s) to NT-1 though in the Cretaceous.

[haggismchaggis] 10/2/2017 21:26

I can't see any ramping in my posts either, just research, analysis, and possible conclusions.

[haggismchaggis] 10/2/2017 21:24

I've not had any alcohol, have you?

[pj 1] 10/2/2017 21:10

The ramping is getting ridiculous and no doubt alcohol fueled.

Best to wait for the next RNS IMO

[oilretire] 10/2/2017 21:06

Rafix10 Feb '17 - 18:05 - 59800 of 59816 0 0
So are we drilling further down to see if there's oil??

No, they are only creating 'space' in the hole to allow for the setting of a 7-inch liner below the reservoir interval

[haggismchaggis] 10/2/2017 21:03

edgar222, because hitting Likonde field would suggest a much bigger hit that the Ntorya-1 gas that was targeted, more gas at higher pressure means more revenues.I think they would be missing a trick if they didn't do down-hole seismic(?) on N2, bearing in mind the difficulties they've had with seismic so far at Ruvuma!

[haggismchaggis] 10/2/2017 21:00

Rafix, not extra, Likonde field was always there and Ntorya wells are both structurally up-dip of L1 well.

[edgar222] 10/2/2017 20:58

On further drilling at N2 they were pretty clear it was lining, testing and rig moving. The lining was going to take few hours (this was Ritson on the day of the RNS).

[edgar222] 10/2/2017 20:57

Fascinating discussion and have enjoyed reading it.

But for non-geologists like myself can someone tell me why it matters?!

I mean aside from just being an interesting debate about structures, what does any of this tell us about size and (you know!)....err.....value.

(If the above reads sarcastically it is not meant to. Genuine questions)

[haggismchaggis] 10/2/2017 20:55

At N1 they did down-hole seismic(?) and saw a deeper target which they subsequently drilled down to. I take it they will do the same seismic(?) at N2, opening up the possibility of further drilling before moving the rig.

[rafix] 10/2/2017 20:53

Right So your saying were digging for maybe a potential extra reservoir

[haggismchaggis] 10/2/2017 20:44

And a later RNS for Ntorya-1 showing the target as the Likonde field. Ntorya-2 at 1.5km south of N1 is therefore also up-dip relative to Likonde-1, just a bit further up-dip."Seismic interpretation places the sands at Ntorya-1 structurally up-dip relative to Likonde-1."