||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Aminex Share Discussion Threads
Showing 63726 to 63748 of 63750 messages
|If I wanted to buy the stock below 5p, I believe I will be able to do so very soon.
Amniex is among the most overvalued E&P stocks on AIM. The stock had a great run but I think its really coming to the end now.
£195m market cap - for what?
1. 57% interes in Kiliwani North which is only producing at 15 mmscf/d when it was supposed to produced at 30 mmcf/d. Aminex also informed us in the recent year end report at they have pressude depletion issues with Kiliwani which can result in downgrade of the resources and even lower production.
2. Ntorya - gross contingent 2C resources is now 186 bcf. This is well below Wentworth reserves (which are developed) in Tanzania and Wentworth mcap is only a fraction of Aminex.
3. What is the next piece of news? This is the problem with a hyped stock like Aminex, they need to produce new news to hold up the share price. Todays announcement was probably the last piece of ok news the company can deliver.
The potential newsflow from here looks pretty grim:
a) Ntorya production license - it could take over a year to get this license in Tanzania. It took more than a year for Aminex to get the same license for Kiliwani North.
b) Pressure depletion update on Kiliwani North isnt going to be good reading. Reserves will come down and the uncertainty for the future production is significant.
c) Nt-3 well, from todays announce its clear that this well is not going to be drilled anytime soon.
Aminex share price is a one-way train from here. Low 4p in the next 2 weeks.|
|So Kiliwani is 44 BCF GIIP and the SOLO deal valued that at around 30 million dollars. So Ntorya now worth 10 times that.|
|Lowflow, did you miss out on buying below 5p?|
|Solo / Amniex comments about traces of oil are just laughble.
Todays resource update hasnt even been audited by a reservoir auditor. Its based on internal modeling. Strange that they are not using LR Senergy for this task...|
|SOLO still falling. Just had a quick read of their board, what a laugh! Some idiots on there. Trash belongs with trash lol.|
|Pfffffft, the sdx ramper returns! What's up? Not enough interest in sdx? Best ask yourself why before you go pumping it on other boards!|
|Sdx much better buy..|
|Oops thats floW rates. Obvs.|
|Well said Haggis.That just about sums up why I bought more earlier.That and Ritson's hint that the flos rates at N2 will be much better in a producing well.|
|We know we're onto a good thing with minimal risk of downside, we are fully covered with cash for the N3 well and probably some tight 3D seismic around it, AEX increasingly talking about the potential for oil (worth 10x what the gas would be worth), the small amount of debt will soon be paid off, if we can see it, so can he!|
|Lowflow missed the boat. Wants shares cheaper!|
|Positive comment from Shore Capital:
"Aminex Shares Rise on Ntorya Resource Upgrade
0820 GMT Aminex PLC shares trade 17% higher at 6p. The oil and gas producer has confirmed a significant resource upgrade for the Ntorya appraisal area, in Tanzania. Aminex now targets a three-fold increase to a May 2015 estimate. Aminex's partner Solo Oil PLC has also reported a significant increase in internally-calculated contingent resources and its shares are up 6% at 1p. "In our opinion, the flow rates achieved from the Ntorya-2 well were extremely satisfactory, with scope for meaningful improvement once drilling-induced formation damage is removed, and we are similarly impressed by this major resource upgrade," Shore Capital says."|
|The Ntorya-3 well seems to be delayed. Listen to the webcast with Neil Ritson (https://www.brrmedia.co.uk/broadcasts/58fcece5ad2a006c3094cd12/event/?livelink=true) in the end.
"They will take the decision on Nt-3 at the right time".
They will first apply for the production license, which could take considerable time to get in Tanzania.
I think next piece of news will be on the Kiliwani North field where they have pressure depletion issues. Which usually means additional capex spend in the best case and in the worst case production may go considerably below the current 15 mmscf/d.|
You are welcome
More good news from AEX this morning as they report a ‘material increase’ in GIIP in Ntorya, Tanzania. The Pmean GIIP has tripled from 153 BCF to 466 BCF whilst the P90 number rises from 31 to 62 BCF and the P10 is now 1.13 TCF up from 332 BCF. This excludes adjacent acreage and potential liquids which might add a fair bit to the total recoverable amount but for now it is time to apply for a production permit and possibly drill Ntorya-3… Jay has been understandably difficult to pin down lately but I hope to catch him before long and preferably in front of a camera, in the meantime i’m very happy with the latest addition to the bucket list.|
Thank you for the link and yes a good listen.
|SOLO now down 1.1% on the day!|
|Ritson and worth a listen on size and flow rates getting better/being reversed in a production well
|yes Greatfull Dead agree, i don't know that i'v heard them use the term "working directly with the Tanzanian Government" but it seems that they have a rather good relationship|
|I am satisfied with the amount of gas stated in the RNS @ NT-2. Now for progress on other fronts I am sure is being very carefully worked on by the AEX BOD to give more share holder value in the short term.
This in the RNS is good enough for me.
"Aminex is currently in the process of applying for a 25-year development licence and is working directly with the Tanzanian Government to fast-track gas production for the benefit of the Company's shareholders and the Tanzanian national economy."
|have we had this little snippet yet, from Solo NR
"Solo believes that higher flow rates can be achieved at Ntorya-2 during future production once the drilling induced formation damage is removed."|
|3D seismic has been mentioned by those in the know. Now we have this:
"The Company is currently updating its basin model in order to optimise the likelihood of intersecting the maximum stratigraphic reservoir sections and to target potentially liquid hydrocarbons bearing reservoirs in future wells, including Ntorya-3."
3D seismic would optimise the likelihood of intersecting the maximum stratigraphic reservoir sections, and help target potential oil, it would also mostly eradicate the seismic errors seen on all previous wells, so I maintain my view as posted yesterday, that AEX are discussing financing tight 3D seismic over N3 with the well partners.|
|tournesol? i know you have something to say|
|Remember February? Up 10% on news and then trebled over the next weeks.|