Aminex Share Discussion Threads

[vike1] 19/5/2015 07:21

Good IMS, but nothing on whether we've started receiving Northcote payments (due from Jan1) or what our financing strategy is (e.g. finding a Farm-out partner)

[oilretire] 19/5/2015 07:20

Main pipeline ready to go.........gas will be delivered into a 36" regional pipeline system, the construction and pressure testing of which is now complete

[duxy786] 19/5/2015 07:15

"Following an engineering review, it is now anticipated that a sustained production rate of between 20 to 30 mmscfd, higher than previously planned, would optimise the maximum life of the reservoir. A Gas Sales Agreement ("GSA") is effectively complete but awaiting the finalisation of payment protection clauses and guarantees prior to final signature by all Joint Venture partners."Can now see this happening within days n weeks.....

[blackgold00] 19/5/2015 07:06

"Following an engineering review, it is now anticipated that a sustained production rate of between 20 to 30 mmscfd, higher than previously planned, would optimise the maximum life of the reservoir."

" A Gas Sales Agreement ("GSA") is effectively complete but awaiting the finalisation of payment protection clauses and guarantees prior to final signature by all Joint Venture partners" that's means Wentworth as well.

from Wentworths Q1 2015 Financial Statements out today 19/05/2015



-- Continued working with the Tanzanian Government to finalise payment
guarantee documentation in support of the Gas Sales Agreement for gas
deliveries to the government owned pipeline.

[larsson 2] 18/5/2015 20:38

Just get that feeling despite the imminent rumour gathering apace that the AGM will be a damp squib and the share price will drop to usual lows as a consequence. Can AEX surprise us? We have waited an eternity for this blessed GSA. Perhaps tomorrow an RNS

[vike1] 18/5/2015 20:21

Will anyone on this Board be in Dublin on Wednesday? Hopefully someone can kindly give the rest of us muppets a play-by-play on items discussed and questions asked.

[foolsandcows] 18/5/2015 18:09

1 week....tick tock...

Good Luck

[blackgold00] 18/5/2015 12:57

Contingent Resources




"These are resources that are potentially recoverable but not yet considered mature enough for commercial development due to technological or business hurdles. For contingent resources to move into the reserves category, the key conditions, or contingencies, that prevented commercial development must be clarified and removed. As an example, all required internal and external approvals should be in place or determined to be forthcoming, including environmental and governmental approvals. There also must be evidence of firm intention by a company’s management to proceed with development within a reasonable time frame (typically 5 years, though it could be longer)."

[warbaby43] 18/5/2015 12:36

DontSweatIt - " apologies as my English in writing not good" - if it's not too rude a question, what nationality are you, not tanzanian by any chance?

[blackgold00] 18/5/2015 10:54

StudentInvestor13, we are not going to start a debate over 1 are we.

[studentinvestor13] 18/5/2015 10:43

more like a 1 bcf downgrade

[blackgold00] 18/5/2015 10:30

just been looking back to what gas resource Isis assigned to Kiliwani North back in 2010. which was (22 BCF CONTINGENT IN-PLACE RESOURCES P90) AND ( 40 BCF P MEAN )



as I understand it, (contingent) is a resource that has a very good chance of being developed in the near future, and P90 is an estimated figure that's been given, which has a 90% probability of occurrence. the 40 BCF (P MEAN) is The average probability of occurrence. i.e. 50%.

So it looks like to me, that Kiliwani North resource has increased

last weeks (Senergy (GB) evaluation)

(PMean Gas Initially in Place (GIIP) of 44 BCF (gross) of which 28 BCF (gross) booked as Contingent Resources (Best Estimate, 2C)

P90 = 90% probability = 2C = Best estimate of contingent resources ????

[skinwalker] 18/5/2015 10:08

yeah right! We eat haggis for breakfast (or would if the disgusting things were edible)

[jacks13] 18/5/2015 09:10

haggis, don't upset skin. This is what you're up against!

[ngms27] 18/5/2015 09:01

Some of us have been following AEX for over 10 years so know intimately how they operate

[haggismchaggis] 18/5/2015 08:58

Another one living in cloud cuckoo land, where do they all come from and why do they all end up on this board????

[ngms27] 18/5/2015 08:56

Why?

1) Because to date Management haven't been able to organise a p1ss up in a brewery
2) With the corruption allegations the Government are taking more time looking at the whole E&P process
3) They want payment guarantees, is this actually achievable?
4) It's been expected shortly for 18 months now
5) TPDC may be waiting for Aminex to go bust

[gerryjames] 18/5/2015 08:53

BumBooster2.

[blackgold00] 18/5/2015 08:36

ok ngms27, why?

[haggismchaggis] 18/5/2015 08:05

I don't know why PJ thinks I would waste any time reading his ridiculous diatribe, I have far more important things to do such as picking fluff from my belly button. Whenever I see his name appear I skip straight past his post, as I said before, his agenda is obvious because if he really wanted answers he would email AEX, not post his fanatical intentionally negative questions on here, questions that he must have spent hours dreaming up so as to make them as negative as he possibly could to suit his agenda.

[haggismchaggis] 18/5/2015 07:57

Foreskinwalker

[ngms27] 18/5/2015 07:56

I won't now be surprised if the GSA isn't signed until 2016

[skinwalker] 17/5/2015 21:48

haggismcplonker