Aminex Share Discussion Threads

[tidy 2] 13/2/2017 00:02

Main market though. No aim. Open to greater insti's and high net sticky investors.

[tidy 2] 13/2/2017 00:01

3.475bn £154m cap Similar to sou you mean. Maybe I don't know.

[robbie1424] 12/2/2017 23:55

Tidy- Thanks again.
Anyone not asked why?
Do they have investor conferences ? Phone/meetings?

Maybe they will start if they are sat on multi tcfs.
How many shares in issue?

[tidy 2] 12/2/2017 23:51

The location of N2 now where they have drilled used to be called N3 and the current location of N3 was originally called N2. Don't know why they switched it.

[robbie1424] 12/2/2017 23:46

How do you mean?
Only started looking into aex last week

[tidy 2] 12/2/2017 23:39

Also. This N2 is the original N3. They switched it. Don't know why.

[robbie1424] 12/2/2017 23:37

Tidy- Thanks for the info.
Looks like a huge boost to what they were expecting.

[tidy 2] 12/2/2017 23:20

They were expecting 16m pay zone and get 51m. Net of the 51 is 25-30m. Net of the 16 may have been 6. Of N1 with 3m net the got 20 scuffs N2 also has higher than expected pressures so this really is looking good all round guys.

[robbie1424] 12/2/2017 23:07

Possibly 4-500 bcf?
Let's not get too excited yet.

See they threw the "traces of oil" in there.
Presume this is why they are drilling deeper? And possibly to find GWC

[robbie1424] 12/2/2017 22:56

Haggis- could aex end up a little like Sou in getting the schematics wrong for nt2 wrong?

What I'm saying is they may have underestimated the well as it's looking like this is really gonna hit big gas?
Over 40-60 scuffs?

This may limit scuffs rate as when the gas enters the well it's going to expand slowing down flowrate.
They will however state this in a rns.
Then they can work out the volumetrics for guidance.
This is looking very good for a significant rise on estimations.

[haggismchaggis] 12/2/2017 22:40

tidy 2, I'm not registered to read it, as it's $30 a year and I'm only interested in one article from yesterday.

[haggismchaggis] 12/2/2017 22:38

Another press article, in today's Upstream Online, hardcopy edition. http://www.upstreamonline.com/hardcopy/1214035/aminex-discovers-gas-with-ntorya-2-well

[tidy 2] 12/2/2017 22:37

Can you copy what it says. Can't track it down.

[haggismchaggis] 12/2/2017 21:49

AEX were mentioned in The East African press yesterday. You need to be registered to read what they said. If you modify the search from "Aminex" to "Ndovu Resources" you get the same result, so it's definitely us.http://www.google.co.uk/search?q="aminex"+"the+east+african"&safe=off&biw=360&bih=512&prmd=nvi&source=lnt&tbs=qdr:w

[haggismchaggis] 12/2/2017 16:53

https://youtu.be/hLEs-ZeYn_o

[haggismchaggis] 12/2/2017 16:52

https://youtu.be/OYMt_ycB1Ks

[tidy 2] 12/2/2017 15:15

https://www.youtube.com/watch?v=l_tbeY3EUvE&sns=twWell worth a few mins. Results are exceeding the already impressive expectations. BOD well aligned with holders.

[haggismchaggis] 12/2/2017 15:01

And N2 is already sounding commercial ;-)

[haggismchaggis] 12/2/2017 14:59

gregingsurfer, I thought that was the case, volume is what I'm looking for. L1 was targeting 500mmbbl, but I've not found a forecast BCF/TCF figure for it, so I can't extrapolate the potential oil capacity of Namisange. As far as N1 and N2 go, I'm expecting the same deal as Kiliwani, TPDC install the pipeline and pay us at the wellhead. That would make sense for AEX, conserving cash while fast tracking the production. "After drilling the Ntorya-2 appraisal well, Aminex plans to apply for a licence to fast-track development of the Ntorya field so as to monetise gas discoveries through the new gas infrastructure. Aminex is also in discussions with the TPDC to identify opportunities for an early production system from Ntorya-1 and Ntorya-2," says Jay Bhattacherjee Chief Executive.

[greyingsurfer] 12/2/2017 14:17

that wasn't the question. The question was how much oil will physically fit into the Namisange field.Let's could not will! It remains a long shot. However, if that's what you want to know dividing BCF by 6 won't give it to you either - that gives you approximate calorific equivalence - what you want to know is volume. We know the value of our gas, we have a fixed priced wellhead contract.AEX has a well head contract for KN-1 gas. Something similar may end up applying to Ruvuma gas, but I'd think that would depend on the amounts found.Peter

[billy_buffin] 12/2/2017 13:40

Good post tournesol - UK/EU around $6 per 1,000 scuffs last time I looked. $3 odd Tanzania.

[haggismchaggis] 12/2/2017 13:12

tournesol, that wasn't the question. The question was how much oil will physically fit into the Namisange field.We know the value of our gas, we have a fixed priced wellhead contract.

[tournesol] 12/2/2017 11:01

Dividing BCF by 6 gives you an approximation in terms of energy content (ie 6000 cu ft of gas has the same energy content as 1 barrel of oil) but there is no correlation between energy content and value.

The only way to value gas is by reference to market access and the going rate for gas sales. Ie it's worth what you can sell it for provided that there is a means of getting it to market and finding a willing buyer.