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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aminex Plc | LSE:AEX | London | Ordinary Share | IE0003073255 | ORD EUR0.001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.175 | 1.15 | 1.20 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 64k | -4.06M | -0.0010 | -11.70 | 49.27M |
Date | Subject | Author | Discuss |
---|---|---|---|
12/2/2015 09:22 | from Eliwallach from lse "I've had a few mails from Neil Ritson, one saying there is no delay with the pipeline, if anything it was ahead of schedule. I told him these were rumours circulating message boards and he said he had looked into it and it's just confusion over when the pipeline will be in use and when it's formally handed over to the Tanzanians! His final words were 'gas will be sold though the pipeline before the formal handover which occurs when everything is complete'" "Positive words as always from NR! Not long now I'm sure" | blackgold00 | |
12/2/2015 09:09 | Hello, Fred...didn't realise you also posted on ADVFN | lfdkmp | |
12/2/2015 08:43 | lfdkmp I think you must live next door! 21 Railway Cuttings, East Cheam? | skinwalker | |
12/2/2015 08:22 | Lfdkmp - that is a very disrespecful way to talk of your partner. | bunbooster2 | |
12/2/2015 07:24 | Somebody said there is a pennant forming. Just had a look out of the window, couldn't see anything, only the wife's double bottom. Couldn't possibly miss that. | lfdkmp | |
11/2/2015 18:32 | well whatever, but as I've said before, a dog can't change its spots :-) | skinwalker | |
11/2/2015 15:20 | this might help understand Orca's PSA which they now have to renegotiate. also there has been a lot of disputes with Orca and the Tanzanian authorities, re expenses and field maintenance. Tanzania "The Company’s principal operating asset is its interest in a Production Sharing Agreement (“PSA”) with the Tanzania Petroleum Development Corporation (“TPDC”) and the Government of Tanzania in the United Republic of Tanzania. This PSA covers the production and marketing of certain gas from the Songo Songo gas field. "The gas in the Songo Songo field is divided between Protected Gas and Additional Gas. The Protected Gas is owned by TPDC and is sold under a 20-year gas agreement (until July 2024) to Songas Limited (“Songas” that enables the gas to be delivered to Dar es Salaam, which includes a gas processing plant on Songo Songo Island, 232 kilometres of pipeline to Dar es Salaam and a 16 kilometre spur to the Wazo Hill Cement Plant. "Songas utilizes the Protected Gas (maximum 45.1 MMcfd on any given day, non-cumulative) as feedstock for its gas turbine electricity generators at Ubungo, for onward sale to the Wazo Hill cement plant and for electrification of some villages along the pipeline route. The Company receives no revenue for the Protected Gas delivered to Songas and operates the field and gas processing plant on a ‘no gain no loss’ basis. "Under the PSA, the Company has the right to produce and market all gas in the Songo Songo field in excess of the Protected Gas requirements (“Additional Gas”). | blackgold00 | |
11/2/2015 15:12 | Bit of a hunch really, Orca have been on a very good deal up until now, selling the incremental gas (gas over and above the protected gas) at a very good rate. their PSA is rather complicated. | blackgold00 | |
11/2/2015 14:57 | blackgold, when you say the stalled agreement may in part you think be to blame for holding up Aminex's GSA have you identified any specific linkage(s) that might account for this or is it a hunch that the two may be connected? Orca's reference to commercial terms indicate they are not happy with the price offered. | jacks13 | |
11/2/2015 14:46 | But I was making a serious point Bun. Health and Safety is paramount, especially where the Colonies is concerned. | jacks13 | |
11/2/2015 14:35 | It's now the Gas Safe Register. Corgi turned out to be a dog, talking of Aminex... | ngms27 | |
11/2/2015 14:33 | They won't use matches PJ, they'll be Corgi Registered. | jacks13 | |
11/2/2015 14:07 | bg I took that as the Spur. The mainland pipeline would have been pressure tested as they went along with construction, it would be too long to test in one go initially, the rework costs for any identifying where the faults are would have been enormous However, I suspect all are then tested with the real thing as well. I wonder who holds the matches? | pj 1 | |
11/2/2015 11:25 | Some people never learn - even from the pain of others: | warbaby43 | |
11/2/2015 11:22 | Via a farmout, oh that still hasn't happened as it! Up sh1t creek and where's that paddle gone? | ngms27 | |
11/2/2015 11:08 | warbany - how are they going to pay for seismic and 4 wells? | thecynical1 | |
11/2/2015 10:23 | And don't forget the balance of 775 km seismic which they will need to get under way this year to have any chance of meeting their 4 explo well Dec 2016 obligation. As for the June 2015 Appraisal Well obligation, little chance of that given the absence of a GSA which would be required for any funding (is the GSA merely bureaucratically delayed or is it now being actively witheld?) P19 1.7 of the Prospectus: "The Company has planned a survey of acquiring a maximum of 956 kilometres of 2D seismic over the Lindi and Mtwara licences which comprise the Ruvuma PSA, including new seismic over the Ntorya Appraisal Licence, in order to identify four drillable prospects on the exploration acreage, together with a suitable location to drill an appraisal well on the Ntorya Appraisal Licence (required to be drilled by June 2015)" | warbaby43 | |
11/2/2015 09:55 | What is the ntorya structure? | bunbooster2 | |
11/2/2015 09:45 | If they delay the Nytora appraisal they risk losing the Nytora structure. They have previously failed to meet agreed contractual obligations given the political situation in Tanz I would suggest they may not get an extension this time. Thus they simply have to drill Nytora by June 30th 2015 | ngms27 | |
11/2/2015 09:40 | So whats cash looking like for 2015? 7 million from solo, say five from kiliwani production, two pounds fifty from US. Minus say 10 million on an appraisal drill and 10 million loan repayment and running costs. Guess appraisal will be delayed like everything else. | bunbooster2 | |
11/2/2015 09:18 | PJ1, re (using gas for pressure testing new pipeline) I thought I read it somewhere, hence my comments a few days back, what do you make of the statement from Aminex's last RNS below, my brackets. do you think it must be totally wrong. "The Board continues to look forward to signing of the GSA, which is largely complete but is experiencing delays in closing due to the Tanzanian authorities' approval process. (The Board expects the GSA to be signed prior to any gas being delivered for pressure testing) or commissioning and the Company will continue to keep the market informed on developments accordingly." | blackgold00 | |
11/2/2015 09:07 | BB - I didn't access it as I did not want yet another account with someone!!!! Basically, the point is that it's in our 'hood! LT | last throw | |
11/2/2015 09:01 | Ladt throw - i cant access it either. Which operating system are you using? | bunbooster2 |
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