Aminex Share Discussion Threads

[mjcferguson] 26/4/2024 12:00

Hopefully ARA have drilling company lined up to drill asap.

[haggismchaggis] 26/4/2024 11:36

The licence has to be issued and in ARA's possession at some point, that is what I expect to see at a ceremony. Whether anything needs to be signed is a moot point, as the milestone is ARA receiving the licence. AEX cannot RNS it until it is in ARA's possession, just in case anything stops it arriving, even if that is odds of billions to one against.
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Tanzania have been telling the country that Gas is coming for everyone, they have been rapidly installing domestic gas pipelines to loads of new areas and promising loads more. That they can announce this huge Gas development licence that promises the supply of that gas to consumers is undoubtedly a huge PR win for the Government. I'm sure they will big it up as much as they possibly can.
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Big fanfare presentation coming soon IMVHO.

[rangenoresources] 26/4/2024 11:34

Sea of Red as people realise they were mislead by rampers

[rangenoresources] 26/4/2024 07:41

Haggis = 🤥

[goggin] 25/4/2024 22:12

Hi haggismchaggisGreat postWhat was the date of cabinate approval if you have it?TIA

[haggismchaggis] 25/4/2024 19:39

I did say many times that the issue of the licence was what we are waiting on, and sure enough there it is stated in Parliament:
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"Likewise, the Cabinet has approved the issuance of a license for the development of this Block where the procedures for the issuance of the license to TPDC on behalf of the investor (ARA Petroleum Company) are being completed."

[haggismchaggis] 25/4/2024 19:27

Translation of Tanzania Parliament document.
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B.2.2 OIL AND GAS EXPLORATION AND DEVELOPMENT PROJECTS IN BLOCKS THROUGH PSA
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Ruvuma Nursery (Ntorya)
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112. Honorable Speaker, this project involves the development of natural gas discovered in the Ntorya area in the Ruvuma block.
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Until March, 2024, the works carried out include completing the interpretation of the 3D system seismic information collected in an area of 334.9 square kilometers and continuing with the preparation of repairs and well tests for the Ntorya 1 and Ntorya 2 wells .
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In addition, the Contractor is continuing with the purchase of the Chikumbi-1 well boring plant.
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Likewise, the Cabinet has approved the issuance of a license for the development of this Block where the procedures for the issuance of the license to TPDC on behalf of the investor (ARA Petroleum Company) are being completed.
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113. Honorable Speaker, preparations for the construction of the Ntorya gas pipeline to the Madimba gas processing plant are ongoing where the Environmental and Social Impact Assessment (ESIA) has been completed and the Engineering and Construction Lead Consultant is completing the engineering feasibility study to facilitate the tender of pipeline construction to be announced.
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141. Honorable Speaker, the inspection and management of oil and natural gas exploration activities has continued to take place in blocks of Tanga, Namba 1, 2 & 4, Nyuni, Ruvuma, Ruvu and Kiliwani North. In addition, in the Eyasi-Wembere area, the processing of the data taken from the 2D system has been completed and the procedures for finding a contractor to translate the data are ongoing.
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In the Ruvuma Block, the work of interpreting the seismic data taken in an area of 334 square kilometers has been completed and preparations have begun for the development of the discovered natural gas
including the repair of Ntorya-1 and Ntorya 2 wells that will be used to produce natural gas and drilling of the Chikumbi-1 exploration well.
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Attachment no. 9 is a map showing the state of exploration, development and production of oil and natural gas in the country.
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[haggismchaggis] 25/4/2024 19:15

Sites in the Domain .go.tz are all Tanzania Government official websites. The below is a news item on the Tanzania Ministry Of Energy website. nishati.go.tz translates to energy.go.tz. The information must be correct, as they would not publish false statements on an official Government website.
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It states: "Katika Sekta ndogo ya Gesi Asilia amesema kuwa, usimamizi madhubuti unaendelea ambapo chini ya Serikali ya Awamu ua Sita, imetolewa leseni ya uchimbaji wa Gesi asilia katika kisima cha Ntorya mkoani Mtwara huku leseni ya mwisho ikiwa imetolewa mwaka 2006."
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Which in English states: "In the Natural Gas sub-sector, he said that strict management continues where under the Seventh Phase Government, a license has been issued for the extraction of natural gas in the Ntorya well in Mtwara region while the last license was issued in 2006."
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And a working link for the Ufufo post

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[goggin] 25/4/2024 14:17

Good news on the wayhttps://twitter.com/AminexPLC/status/1782684876048679041?t=FvLrPnjnf2HgzVq71NTVXA&s=19

[pigeons] 25/4/2024 11:30

YES BG just Meant to get to. new investors. that the small caps and aim. though not the place. unless you know what you're doing to invest in. you've learned the ropes. Stick to the big boys. Little and often with a divvy.

[blackgold00] 25/4/2024 09:49

Ah, it's skin the rojo, been talking about you elsewhere 🙂

[skinwalker] 25/4/2024 09:30

Yes 888ICB - in the long. distant past !

[888icb] 25/4/2024 09:09

I think you will find that AEX is not an AIM listed company and in the past has had a market cap in the hundreds of millions.

[skinwalker] 25/4/2024 09:07

It makes little difference whether it is AIM or not.
It's a DOG. That's all you need to know.

[blackgold00] 25/4/2024 09:02

Aminex is not aim

[pigeons] 25/4/2024 08:50

I noticed this. years ago. and I only have one Tanzanian. investment now, which is AEX


. And then I will never ever. invest in African small. caps again There's too much corruption. So unless you specialise. in this type of investment I would advise nobody to touch the small aim caps.

[rangenoresources] 25/4/2024 08:20

So clearly it was a liar by some to say licence had been issued.


Rampers should hang their heads in shame. Knowing Tanzania government it will drag on for months and months.

[haideralifool] 24/4/2024 16:51

Thanks to Ufufuo on Telegram.

"he Cabinet has approved the issuance of a license for the development of this Block where the procedures for the issuance of the license to TPDC on behalf of the investor (ARA Petroleum Company) are being completed."

That's from the Tanz parliamentary papers. Pretty clear why there is a difference between ministerial approval and an RNS.

Link: hxxps://www.parliament.go.tz/uploads/budgetspeeches/1713966417-Hotuba_ya_Bajeti_ya_Wizara_ya_Nishati_kwa_Mwaka_wa_Fedha_2024_2025.pdf

[rangenoresources] 24/4/2024 08:01

Filter not working Mjapac32?


🤥 🤥 🤥

[mjapac32] 24/4/2024 07:24

A bit like you then !

[rangenoresources] 24/4/2024 07:16

AMINEX are not in control of their destiny and that’s why they can’t RNS anything of note. Tiny player with no say so.

[haideralifool] 24/4/2024 07:07

"Surely if licence news was true, license RNS would of been published."

That's not how it works.

[goggin] 24/4/2024 01:56

https://twitter.com/AminexPLC/status/1782684876048679041?t=7weBaR6DkSUcBhZegOGz_g&s=19Follow on twitter / X

[rangenoresources] 23/4/2024 16:12

What RNS are you expecting?

Surely if licence news was true, license RNS would of been published.

[888icb] 23/4/2024 13:00

Now Up 4.55% on volume of 11.4million as engines are started in expectation of the RNS that should cause lift off.