Aminex Share Discussion Threads

[blackgold00] 06/3/2025 16:13:04

I see that you're very popular here geoff96. 🙂

[geoff96] 06/3/2025 15:34:58

And said news making a huge impact Haggis!
Almost a like for like RNS from a year ago, no timeline/work programme.
Just a collection of their favourite words....imminent/soon/shortly/hopeful....
You get the message.

[haggismchaggis] 06/3/2025 13:39:44

All costs come out to Aminex's $35m free carry.
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"The Company forecasts that all of its capital expenditure requirements will be met through its Carry and future Ntorya revenues."
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"APT (Zubair Corp) will pay $5m in cash and carry Aminex up to $35m of a $140m total projected spend to reach full field development of Ruvuma project."
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[haggismchaggis] 06/3/2025 13:37:59

News is getting out there.
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[rangenoresources] 06/3/2025 09:43:00

Another excellent RNS over at HE1. A company making things happen and in control of their own destiny.

[greyingsurfer] 06/3/2025 07:20:48

Fair enough. "No definitive action" is overstated. Though perhaps not by much, we knew a lot of that stuff was going on, what we're all waiting for are the big stuff like clear news on the pipeline, perhaps even rig contracts. It'll come, but I doubt we'll get major moves before then.

[888icb] 06/3/2025 00:37:02

You say no definitive action but the RNS says otherwise:
“ Operational activities

· The operator (ARA Petroleum Tanzania (APT)), continues with the procurement and installation of processing facilities, flow lines, hook-up systems, manifolds and fiscal meters, to ensure the integrated development of the project and enable production from NT-2 into the Pipeline. The NT-2 well is scheduled to be ready to produce gas in time for the completion of the Pipeline.

· As previously announced, the drilling of CH-1 and workover of NT-1 are planned to occur after the commencement of production from NT-2 and we await a further update from APT on the proposed drilling schedule once the EPC contract for the Pipeline is awarded.

· Other operational activities have been completed in recent months, including land acquisition and compensation relating to:
o The CH-1 well pad and access road
o Extension of the previous Ntorya-3 site for the construction of a workcamp and open yard storage area for operations
o The upstream processing facilities
o Rights of way for the NT-1 and NT-2 flowlines.

· As previously announced, all casings and tubulars necessary for the drilling of CH-1 and workover of NT-1 have been received, and the wellhead for CH-1 is ready for shipment.

· The work programme and budget for 2025 prepared and presented by APT to Aminex and the Tanzanian authorities was approved in November 2024. The total budget is over $41 million and includes all of the activities set out above.

· A very limited competent person's report (CPR) was prepared for use by the TPDC to justify the construction of the pipeline. A full CPR over the Ntorya gas field is not likely to be commissioned until after the drilling of CH-1 and workover of NT-1.”

[greyingsurfer] 05/3/2025 16:55:26

Yes, good news this morning. But still no definitive action or date. Given recent upward moves not really a surprise to stay where we were in effect yesterday.

[haideralifool] 05/3/2025 16:22:06

"Can see it drifting back towards 1p again." That seat is reserved by HE1.

[rangenoresources] 05/3/2025 16:05:24

Pigeons - it’s all jam tomorrow with too many unanswered questions hence why no rise. News cleared was leaked which meant rampers moved price and now once the news has landed price will drop back. Can see it drifting back towards 1p again.

[pigeons] 05/3/2025 12:02:54

Good afternoon, I find it. very surprising that this has not done 50% today with all the news now pretty now pretty well confirmed. I just would have thought this good news was I read it would have set this moving.

[rangenoresources] 05/3/2025 10:00:55

RFRHB - I will post what I like.

Any news on cut and paste or are you going to be a proper man and admit you are wrong?

🐁 or a 🧍‍a94;️

[888icb] 05/3/2025 08:32:18

AEX say it is fully funded:
“ The Company forecasts that all of its capital expenditure requirements will be met through its Carry and future Ntorya revenues.”

[rangenoresources] 05/3/2025 08:27:11

Looks like more delays and I don’t believe this is fully funded. Projects like these always run over budget particularly in Africa.

[bhoddhisattva] 05/3/2025 08:21:46

I’m surprised by the muted reaction to this news release - it shows major progress towards pipeline and well opening - surely no-one expected it all to be done and gas flowing!?

I continue to hold and added more recently.

[haggismchaggis] 05/3/2025 08:08:25

First revenues are a big event for AEX, they will come from NT-2 just as soon as the pipeline is completed. We won't be waiting for CH-1 to get revenues flowing.

"The operator (ARA Petroleum Tanzania (APT)), continues with the procurement and installation of processing facilities, flow lines, hook-up systems, manifolds and fiscal meters, to ensure the integrated development of the project and enable production from NT-2 into the Pipeline. The NT-2 well is scheduled to be ready to produce gas in time for the completion of the Pipeline."

"We understand that the process for the award of the EPC contract is almost complete and hope to receive further news from the TPDC shortly."

"Following the signing of a Gas Sales Agreement and the award of the Development Licence in 2024, and with the anticipated award of the EPC contract for the Pipeline, there is now a clear path to monetisation of the Ntorya gas field."

[haggismchaggis] 05/3/2025 07:32:57

At 280mmscfd I now have to double my target price, so should the brokers.
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Imagine the dividends on that!

[haggismchaggis] 05/3/2025 07:25:30

Good to see AEX confirm exactly what I've been saying for ages would be the case. The resource is way too big to stop at 140mmscfd.
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"increasing the field production rate within around a five-year period from 60 mmscf/d to 140 mmscf/d to 280 mmscf/d"
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280!!

[haideralifool] 05/3/2025 07:19:11

So if the pipeline contract gets awarded by April, I guess we are looking for construction to be completed by Q3 being optimistic or more likely the end of the year?

"We should note that like all big projects with multiple state national and international parties, project timelines can be impacted as the various stakeholders synchronise their workstreams and coordinate processes. Nevertheless, last year has been by all accounts a pivotal year, and we now look forward to a very active and dynamic 2025."

[bhoddhisattva] 05/3/2025 07:11:27

www.investegate.co.uk/announcement/rns/aminex-cdi---aex/ntorya-operations-update/8763417

Big update from Aminex and ARA

[rangenoresources] 04/3/2025 15:15:04

888ICB - it’s either Sea of Red or dropping like a stone. Head back towards 1p again.

[888icb] 04/3/2025 14:06:19

It was closed high yesterday on the UT of 1.46 which was above the prices paid all day.It therefore corrected to the proper closing price on opening this morning. So no real fall and buys are exceeding sells on low volume of 1.7 million.

[rangenoresources] 04/3/2025 13:22:30

Sea of Red or Dropping like a stone?

Dump underway. Rampers failed again.