Aminex Share Discussion Threads

[hawks11] 16/3/2015 14:24

Someone made a £10 profit by selling a few million shares Bun.

[aaaaar] 16/3/2015 13:32

EXACTLY more people have sold than bought, fact.

It’s an old market phenomenon known as supply and demand.

[bunbooster2] 16/3/2015 12:50

Has anyone noticed the price drop today? WHAT IS THE EXACT REASON?

[blackgold00] 16/3/2015 11:36

skin, who's clutching?

[skinwalker] 16/3/2015 11:28

straw-clutchers out in force today I see

[blackgold00] 16/3/2015 10:51

The thing is Nyuni (Pande West/Ophir Viazi) lead has a 1.3 TCF potential and is only about 20km from the Songo Songo processing plant. this clearly is becoming a prime target not just for Aminex but the Tanzanian authorities as well.
With the big further afield offshore discoveries now looking less viable or at lest looking many years away from ever being developed and brought ashore, the likes of the Viaze prospect which could be piped and sold into the new Songo Songo plant must be looking now a very attractive prospect to be explored. TPDC have a big new gas pipe-line that they have to fill, they work with Aminex and Aminex works with them, that always has been the best way forward.

[woodster1101] 16/3/2015 10:34

I see the reason for the GSA delay as partly down to a disagreement on what TPDC will pay for the gas given the current climate and the known state of Aminex finances. The deferral could be a part of the GSA negotiations with Aminex agreeing to a lower price in return for this concession. I wouldn't be surprised if a GSA announcement is very close indeed now

[slepy] 16/3/2015 08:41

Good news. I already thought we will lose Nyuni. The question now is, why gsa is taking so much time, with good relationship with the gov?

[bunbooster2] 16/3/2015 08:41

Well plenty of breathing space at Nyuni now. Aminex are certainly the go to company of you want a delay.

Interesting because there was a missed drilling commitment (last year wasn't it) that just never really got mentioned and there was a bit of uncertainty whether the Nyuni PSA was still valid... well clearly it is and four years should be enough to raise the cash to drill some wells.

[warbaby43] 16/3/2015 08:29

Certainly helps to protect the value of the company in the eyes of any prospective merger partner, or, better still, after a couple of tcf at Ntorya/Likonde have been proved up, in the eyes of any Asian acquirer.

[888icb] 16/3/2015 08:10

Very good news which as Blackgold comments the relationship with the Tanzanian authorities is clearly good.

[blackgold00] 16/3/2015 07:16

It shows we still have the support from Tanzanian authorities.

plus still stating, "Kiliwani North-1 gas discovery which is due to start commercial production into new gas infrastructure in the first half of the year."

[impvesta] 16/3/2015 07:15

cervelo 16 Mar'15 - 07:07 - 51864 of 51865 0 0

"Deferral of drilling obligation, good news."

Yes - two well drilling commitment on Nyuni, due to be completed by end Oct 2015 is now extended to Oct 2019. Really good news:



Little by little things are moving in the right direction for Aminex.

[cervelo] 16/3/2015 07:07

Deferral of drilling obligation, good news.

[blackgold00] 16/3/2015 06:24

"After oil, a glut of natural gas may be next to flood energy markets"



"Thought you had seen the last of the huge price movements in the energy markets? Well, think again. "

"The supply glut which has led to a 50pc slide in oil prices over the past year will begin to grip the other major hydrocarbon product vital to global economies, liquefied natural gas (LNG)."

"This year will see a “wave” of new LNG production flooding on to international markets as several major projects in Australia finally come on stream after years of development and hundreds of billions of pounds invested."

[bunbooster2] 15/3/2015 12:34

Interesting article in my favourite paper -

"181 million standard cubic feet per day this year"

So projected demand of 181 mmcfd in 2015? The Wentworth GSA is for 80 mmcfd rising to 130 and there is talk of 210. Kiliwani is 20 mmcfd.

In 2014 Orca averaged 92.9 MMcfd.

Then demand of "306 in 2016; 470 in 2017 and 475 in 2018"

If those numbers are accurate then it looks like there will be plenty of demand for gas including any appraisal at Ntorya.

Getting to 475 by 2018, with no offshore anywhere in sight by then, is going to mean a lot of extra gas coming from the onshore players.

Orca is looking to expand to 190 by mid 2015 (is this happening already - don't think so but they clearly have the possibility), Wentworth to 130, maybe 210. Could Aminex be looking at supplying the remaining 70-150 mmcfd by 2018?

There is the small matter of hitting gas but if 50ish% of KN-1 will bring in 10 million annually then 75% of 90-150 mmcfd should be something like 90-150 million.

A lot of assumptions there and my numbers may be off... but nice to ponder. Someone has to provide the gas for this bloody big billion dollar pipeline.

"Tanzania's energy regulator has approved a tariff for processing and transporting natural gas through the new pipeline from Mtwara to Dar es Salaam.

The Energy and Water Utilities Regulatory Authority (Ewura) has set $2.14 as the interim fee for the Tanzania Petroleum Development Corporation (TPDC) for handling one million metric British thermal units of natural gas.

The gas delivered to Dar es Salaam by TPDC will be used by power generation firms, industries, compressed natural gas vehicles, households and institutions.

TPDC is finalising construction of two processing plants at Madimba in Mtwara and Songo Songo island in Lindi. A 36-inch gas pipeline from Mtwara through Somanga Fungu to Dar es Salaam will be commissioned soon.

The Madimba plant has two trains (processing units) each with a capacity of 70 million standard cubic feet per day of gas while the Songo Songo one has two trains of 70 million standard cubic feet per day.

Ewura director-general Felix Ngamlagosi said the authority has fixed the gas processing tariff at $0.95 and transportation tariff of $1.19 per million metric British thermal units to be levied by TPDC as interim fee with effect from April 1, for a period of 90 days.

The new Mtwara-Dar es Salaam pipeline, covering 517km, will begin commercial operations in the second quarter of this year although it was initially planned to start working in January.

READ: Pipeline ready to transport gas to Dar, say officials

TPDC is expected to distribute 435 million standard cubic feet per day to generate 2,175MW of electricity in the next three years.

TPDC has projected that the target power generators, industries, compressed natural gas vehicles, households and institutions will use 181 million standard cubic feet per day this year; 306 in 2016; 470 in 2017 and 475 in 2018.

The $1.2 billion Mtwara-Dar es Salaam pipeline was launched in July 2012, with a loan from Export-Import Bank of China for 95 per cent of the cost and the remaining balance as TPDC’s equity. TPDC incurred capital costs of $213.2 million.

China Petroleum and Technology Development Company won the contract to build the pipeline."

[warbaby43] 12/3/2015 18:03

Given that in the $170m escrow money scam, no politician has been arrested, just a very few civil servants, and that the man dispensing the sugar, Mr James Rugemalira has still not been challenged, let alone arrested, the headline might as well read "International donors encourage corruption." Quite clear that the UK government and the others are quite content for the CCM politicos to carry on stealing our taxpayer money. UK chucks away £560m 2012-2015, 65% of which goes direct to the CCM villains.

[greyingsurfer] 12/3/2015 17:19

Hi BG

Thanks

25km additional line to be added pipeline, before commercialising they will drill one more appraisal well to prove up the area.

I assume this referred to Ntorya? In which case they are implying (little surprise) that commercialisation could be pretty quick once an appraisal is drilled (assuming reasonable success).

Peter

[hawks11] 12/3/2015 15:15

Well it looks a nice presentation and all appears well. I saw that Panmure recommended them as a buy a week or two ago but didn't really do much more than take note. They have bounded up .5pence on the back of the RNS.

[blackgold00] 12/3/2015 13:28

new Wentworth presentation

[blackgold00] 12/3/2015 12:55

thanks to youngbucks87 lse

"A few AEX related topics;

Pipeline:
Now completed and ready to use!
Demand for 500m tcf a day from the domestic users.

Kilwani:
Estimated 45bcf
Very close to coming on stream
2km pipeline from Songo to gas processing facility also complete
Pressure testing to start shortly
25km additional line to be added pipeline, before commercialising they will drill one more appraisal well to prove up the area.

GSA:
Been done, just awaiting government and authorities’ approval."

Q&A:
Q:Kilwaini BOPD?
A:20mscf a day, commencing shortly.GSA Very soon"