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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aminex Plc | AEX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.55 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.55 | 1.55 | 1.55 | 1.55 | 1.55 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 11/7/2024 14:10 by 888icb AEX rising now Up 8.77% at 1.55p on volume of 7 million.1.6p has just been paid. |
Posted at 11/7/2024 12:10 by haggismchaggis Multi TCF resources, could be up to 16.2 TCFLooking at GTL and fertilizer for even more output LNG to Uganda now a clear option LNG to Kenya and Zambia likely to be proposed following Uganda coming up with the idea Pipelines to Uganda, Kenya and Zambia for huge amounts of gas, all three being actively looked at Potential to strike Oil in any of the 24 untested traps, with wells penetrating multiple traps at the same time Gas flowing in April 2025, 8 months earlier than originally planned CPR report either before or after CH-1 analysis, giving AEX significantly increased reserves (assets) to report |
Posted at 11/7/2024 11:38 by haggismchaggis I said recently that the Madimba plant can take 140mmscfd, but they had in the past mentioned a possible GPP at Ntorya, so could run a parallel pipeline in the same route as the one to Madimba, giving them one pipe carrying unprocessed gas to Madimba for processing there, and another pipeline carrying processed gas from the Ntorya GPP to connect straight into the Dar es Salaam pipeline.. The right time to make the decision on this is NOW, before the trench for the Madimba pipeline is dug, as laying both pipelines at the same time would significantly cut costs and save doing everything twice, the Ntorya GPP can be built afterwards. . "The pipeline capacity from Madimba to Kinyerezi is 784 mmscfd, which can be increased to 1002 mmscfd with compression" . . There is clearly demand potential for ARA+AEX to put 250mmscfd into the pipeline, as that is what they are looking at skimming off the huge LNG feeds. The LNG feeds are many years away from being connected up, but we can get that gas into the pipeline much quicker. . "About 10% of the gas to be produced from the proposed LNG terminal, around 250 MMscfd will be used domestically to fuel industries," . . On top of this Tanzania are looking at pipelines to Uganda, Kenya and Zambia. If they sent each of those 100mmscfd then you're looking at potential for up to 550mmscfd from Ntorya, which is possibly doable when you work out that the 140mmscfd was based on 2.3TCF and there could be 16.2TCF there. . 140 / 2.3 X 16.2 = 986mmsfcd over 25 years. |
Posted at 27/6/2024 12:35 by 888icb AEX can only release information when it is formally released to them by ARA. AEX therefore have no control over information being available before their AGM and AEX would have had to release an RNS before the AGM if they were going to discuss new information at the AGM. |
Posted at 27/6/2024 12:00 by haggismchaggis I'm looking forward to all the updated info AEX supply us with alongside or after the AGM. It is the perfect opportunity to update us and I'm sure they will be making the most of it. Just look at their surge of posts on Twitter and you can see they want all that great news out there now that we have the development licence. |
Posted at 26/6/2024 22:57 by haggismchaggis I'm looking forward to all the updated info AEX supply us with prior to or alongside the AGM. It is the perfect opportunity to update us and I'm sure they will be making the most of it. Just look at their surge of posts on Twitter and you can see they want all that great news out there now that we have the development licence. |
Posted at 25/6/2024 15:15 by 888icb Another good day at AEX currently UP 9.72% at 1.975p having pushed briefly above 2p. |
Posted at 24/6/2024 14:02 by haggismchaggis I'm looking forward to all the updated info AEX supply us with prior to or alongside the AGM. It is the perfect opportunity to update us.. Check out last years RNS list: . 13th Jul 2023 4:26 pm RNS Result of AGM . 12th Jul 2023 7:00 am RNS Ruvuma Operations Update . |
Posted at 17/6/2024 21:35 by haggismchaggis We should expect an update and updated presentation for the AGM, there's no reason not to do one and loads of reasons to do one. 7am RNS on the Friday would be my guess, then presentation on the website in the afternoon, although some companies release the presentation at 7am and say that is what will be presented at the AGM.. The update could come sooner though, as AEX should have a meeting with ARA to discuss their current work plans following the granting of the licence. AEX should have requested such a meeting in the days after the licence was granted, and then scheduled the AGM to come after it. Maybe that is what they did anyway ......... . Licence received on 23 May . AGM date announced on 3 June |
Posted at 08/5/2024 12:37 by haggismchaggis "with the aim of defining preliminary 1p and 2p reserve estimates" is how you can get AEX from a £57.90m market cap to a huge one prior to producing huge amounts of gas from the field. With 8 to 11.2 TCF recoverable. 2TCF to 2.8TCF to AEX is worth $6,000,000,000 to $8,400,000,000. Compared to the £57.90m market cap the 1p and 2p for CH-1, NT-1 and NT-2 should make AEX significantly undervalued based on the below. And the full field even more so.. "Enterprise Value/Proven and Probable Reserves . This is enterprise value compared to proven and probable reserves (2P). It's an easily calculated metric which requires no estimates or assumptions. It helps analysts understand how well its resources will support the company's operations. . Reserves can be proven, probable, or possible reserves. Proven reserves are typically known as 1P. Many analysts refer to it as P90, or having 90% probability of being produced. Probable reserves are referred to as P50 or having a 50% certainty of being produced. When used in conjunction with one another, they are referred to as 2P. . The EV/2P ratio should not be used in isolation, since reserves are not all the same. However, it can still be an important metric if little is known about the company's cash flow. When this multiple is high, the company would trade at a premium for a given amount of oil in the ground. A low value would suggest a potentially undervalued firm." . |
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