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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -4.17% | 1.15 | 1.10 | 1.20 | 1.20 | 1.15 | 1.20 | 6,835,671 | 10:02:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 64k | -4.06M | -0.0010 | -11.50 | 48.43M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/8/2015 10:16 | That may be the case but once you have income you can borrow on the strength of it You can, and it certainly would put the company in a stronger position by increasing the range of funding options, but like any other funding option there is a balance of costs and risks to consider. Debt would prove better for shareholders if any drilling funded is successful, and if the company doesn't find itself short of cash to service the debt for any reason in the future - OTOH the future risk to shareholders is clearly higher, than with a farmout or placing. Peter | greyingsurfer | |
24/8/2015 10:11 | I like this update. It smacks of focus. Egypt sorted at no cost and some (presumably small) income stream. GSA on the way. The fact that we have been saying that for 18 months does not detract from the evidence. Wentworth's complete GSA and the payment protection system set up by Tz for the first time. It seems to me (FWIW) that the real news is post GSA signing. A N2 drill (whether sidetrack or not) targeting the 1TCF (approx) that they think is there by the end of 2015 would be very good news. | edgar222 | |
24/8/2015 09:28 | That may be the case but once you have income you can borrow on the strength of it | c31161 | |
24/8/2015 09:18 | c31161, Seems that you haven't looked at the accounts. The monies from the KN-1 gas won't cover the running costs of AEX at present if my calculations are correct. Therefore it remains my view that further dilution is all but a given and I'm expecting it to happen on any price strength such as the signed GSA. For the record I own AEX shares bought around 1p and will look for an exit on any price rise following the GSA completion and may return for Ruvuma drilling at a cheaper price. Well that's my plan. | ngms27 | |
24/8/2015 09:01 | "can be concluded".......... | thecynical1 | |
24/8/2015 08:50 | Interesting, and I suspect significant, wording in this mornings RNS Tanzania Petroleum Development Corporation advised us late last week that our Gas Sales Agreement ('GSA') for Kiliwani North can be concluded in the near future, enabling gas from the field to be sold into the pipeline system soon afterwards Interesting that TPDC are now being quoted as saying the GSA and production are close. I've not see it stated in that way before. And the statement was presumably made soon after M&P had agreed payment guarantees. Peter | greyingsurfer | |
24/8/2015 07:54 | "to be concluded in the near future".........cred | thecynical1 | |
24/8/2015 07:40 | Well Aex said on June 25th 60 to 90 days, that's was 60 days ago today. | c31161 | |
24/8/2015 07:40 | That's probably the shift work for you BG. | gerryjames | |
24/8/2015 07:37 | Delay what delay oh you mean the last 12 months lets just get it signed and get some cash flowing | paulhgreen | |
24/8/2015 07:36 | hadn't noticed | blackgold00 | |
24/8/2015 07:27 | Yes apparantly there was a "long delay". | gerryjames | |
24/8/2015 07:22 | One might almost say that it's imminent. | lfdkmp | |
24/8/2015 07:10 | They have answered your question Edgar and... "Meanwhile, in Tanzania we can report that good progress is now being made in concluding payment protection terms for gas producers after a long delay and the Tanzania Petroleum Development Corporation advised us late last week that our Gas Sales Agreement (‘GSA’) for Kiliwani North can be concluded in the near future, enabling gas from the field to be sold into the pipeline system soon afterwards.” Nearly there..."good progress" "near future" "fish" "soon". Almost. | gerryjames | |
23/8/2015 20:13 | If GSA is complete there will be no need for dilution as Aex would have no problem in getting credit on the strength of their new income | c31161 | |
23/8/2015 18:00 | I disagree, 12p only if they are producing from multiple wells on Ntorya so a few years away IMHO if at all. This will get harder due to dilution which is imminent IMHO | ngms27 | |
22/8/2015 13:43 | Warbaby 1TCF to AEX proved and with a pipeline to connect it is the answer. That would justify 12p | edgar222 | |
22/8/2015 12:02 | greyingsurfer, Orca gave some detail on this in its IFC financing release: | warbaby43 | |
22/8/2015 11:57 | With regard to sp, while pence per share might be what matters to us, the currency of the industry is dollars not sterling and any really big near future value is going to attach to AEX only via success with N-2 and that being followed by an actual takeover or the market getting all juiced up at AEX becoming a takeover prospect. So, assuming no more major Placings, edgar 222's magical 12p would be the equivalent of AEX having a notional (very notional as at today) value of $360m = £240m @ $1.50/£ = 12p per share at 2bn in issue. So what would N-2 (and N-1S?) need to turn up to justify a perceived $360m or even $180m for 6p? What also becomes a big factor for AEX shareholders both with calculations like the above and with income from gas production is dollar strength, so lets just hope that the greenback stays strong against sterling. | warbaby43 | |
22/8/2015 11:54 | Thanks, Oilretire. I haven't seen that - dated tomorrow, so clearly up to date! I was under the impression that Orca while planning for work overs and new wells were not going to do so until the payment issues had been sorted out. This news suggests they have, which together with the payment guarantees M&P now have must be encouraging news for any Tanzanian gas producer - current or "imminent". Peter | greyingsurfer | |
22/8/2015 11:18 | Not been checking in of late, so not sure if this is new news about the neighbours or not.....some well clean ups & new drilling off songo songo for Pan African.....hTtp://w | oilretire | |
22/8/2015 09:19 | Did anyone work out what happened to the second Egyptian Well (Wadi Kofra 1) ? | edgar222 | |
22/8/2015 09:14 | Zak Mir Charting is a load of old toot. | edgar222 |
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