Aminex Share Discussion Threads

[blackgold00] 28/2/2017 12:41

thegreatgeraldo, Obvious follow-on question is, "What's the future demand for electricity looking like?"

well that of course depends on just how large the known gas reserves are, for the Tanzanian Government/TPDC/Tanesco to exploit and grow their economy. Putting aside the expensive off-shore discoveries which are many many years away from development, it would seem now that the Nt-2 well is/has proved up more substantial reserves for Tanzania to exploit and be in a position to guarantee more competitive reliable gas for long term industrial use.
So first prove-up cheap reliable gas, then the growth for domestic and industrial power will naturally follow, and just how fast the demand will grow? well the important thing is here, Tanzania has already got all the main gas infrastructure in place, so one would expect things now to grow at quite a pace.

[skinwalker] 28/2/2017 12:27

I wonder whether we could persuade ADVFN to conduct intelligence and psychiatric tests before allowing people to post here? Weed out the demented paranoids

[haggismchaggis] 28/2/2017 12:15

And once N2 is tested they expect to book reserves, which will enable Institutional Investors to make new (more realistic) valuations than they were able to in the past.

[tidy 2] 28/2/2017 12:07

Ngm must also be aware of the future demand and growth then in their rapidly growing industries. Value tonne had that's why the big guns are gravitating there. Cove sold to shell in 2012 and that field goes on line in 2018. You must know this which gives an indication of how the big guns look forward. Aex are in the right place at the right time.

[haggismchaggis] 28/2/2017 12:01

But then again TPDC could install a modular LNG plant if Ntorya/Likonde/Namisange/Sudi looks big enough, and be exporting LNG far quicker and far cheaper than the $30bn LNG plant required for the offshore gas.http://www.geoilandgas.com/liquefied-natural-gas/gas-liquefaction/small-scale-lng-liquefaction-plant

[ngms27] 28/2/2017 11:45

tidy 2, wrong. I've followed AEX since they listed. I know all the ins and outs and false promises such as up Shoats Creek without a paddle.

Myself and others have warned around the lack of demand for years and have been proven spot on.

Better to have a placing and drill out the prospects IMHO before the license expiry in December.

[tidy 2] 28/2/2017 11:38

One minute there's a bomb on the bus and the next minute he's on the bus isn't that right ngm lol

[tidy 2] 28/2/2017 11:37

His posting contradicts depending on his book. Lol.

[ngms27] 28/2/2017 11:30

John2017, LOL. I'm the one who bought some at 1p, sold at 5.81 and bought back at 4.85. All documented on here in real time.

If a boat has been missed it's certainly not by me.

[thegreatgeraldo] 28/2/2017 11:30

If he can move the price lower than it went yesterday, the man's a genius!

[john2017] 28/2/2017 11:26

Why is ngms here ask yourself the question! He is here to create doubt and get people to sell and facilitate his lower entry in my opinion.Thinks he has missed the boat

[ngms27] 28/2/2017 11:25

tidy 2, as before I'm loaded up. Certainly don't want anymore. I'm here for the explo of the acreage, I'll let the rest of you get diluted waiting for Ntorya production.

[tidy 2] 28/2/2017 11:23

The gas is there and highly pressurised flaring as we speak and flow testing ongoing.

[tidy 2] 28/2/2017 11:21

Ngm still after a buy in lmao

[ngms27] 28/2/2017 11:15

LOL this is Africa. By the time palms have been greased the projects slip a few years.

Remember KN-1 was sidelined for years yet Aminex said they had a contract that said they had access to the old Songo Songo gas plant and pipe.

Aminex cannot even get a commercial rate agreed for KN-1 yet.

[dbfromgb] 28/2/2017 11:13

Interesting post no 472 on the WRL BB in which the ex FD at Wentworth talks about monetisation of gas.

[billy_buffin] 28/2/2017 11:08

Max. Projected demand mmscf/d
2016 166
2017 214
2018 291
2019 379
2020 469

[tidy 2] 28/2/2017 11:06

We have has flare !!

[ngms27] 28/2/2017 11:02

haggis, M&P/Wentworth already have a signed, sealed, delivered GSA for upto 130mmscfpd. Currently they are producing 44mmscfpd. Rounds it up nicely with this demand don't you think?

On the other hand AEX don't even have an agreed commercial rate for KN-1 yet.

M&P/Wentworth will undoubtedly be supplying this demand if they can.

I still maintain that it's highly unlikely that Ntorya gas will have any meaningful market until the 2020's.

[bunbooster2] 28/2/2017 11:01

I have never seen it stated that WRL/M&P will be the sole gas supplier to Kineyerezi I and II. In their statement they are saying that there will be additional demand but nothing about that being supplied solely by them. If it were I think they would have been loud and proud about it. However WRL have said that part of the reason there output has been restricted has been competition, ie gas supply from KN-1, and I see no reason why that wouldn't continue.

[thegreatgeraldo] 28/2/2017 10:55

Obvious follow-on question is, "What's the future demand for electricity looking like?"

[haggismchaggis] 28/2/2017 10:55

I don't believe gas is contracted to power stations, it is contracted into the pipeline. What TPDC/Tanesco choose to use the gas for, is entirely up to them, once the gas is in the pipeline.

[haggismchaggis] 28/2/2017 10:53

As stated by WRL today."Kinyerezi-I Expansion and Kinyerezi-II gas-fired power generation facilities are under construction and on schedule for completion and commission starting in 2018; anticipated additional demand from power sector of 70 - 80 MMscf/d once these new facilities are fully operational."