Aminex Share Discussion Threads

[dan_the_epic] 09/11/2015 10:40

Anyone else dying of boredom?

Hilarious that some muppets think the majors are remotely interested in a few bcf. I doubt many midtiers would be.

[blackgold00] 09/11/2015 10:04

ngms, "Thus the offshore deep water gas will remain stranded unless the authorities play ball"

it works both ways ngms, they'll all try to extract the best deal they can, but at this stage of the game, its the large oil companies / majors that's already tied up extremely large sums of money in their explorations, so they will be under pressure to close a deal, so that they can then future monetize and also justify their large investments so far.

[gerryjames] 09/11/2015 09:06

Or you could get to know him. This would have been partnered up years ago if anyone trusted the Country or thought as some did "a no brainer". It's been pushed this far by the Chinese in exchange for future influence over their natural resources, ivory.

Forgot about Tullow leaving when there was no oil. They were partnered years ago.

[haggismchaggis] 09/11/2015 09:01

More spouting from the rectum, stating unproven theories as if they are fact when they are not fact, just the musings of an armchair investor, trying to talk down something that might have been viewed as bullish for the stock.If you're going to state facts, make sure they can be verified as facts, otherwise you'll be viewed as a con-man that's only here to try and manipulate the stock price.

[ngms27] 09/11/2015 08:53

Edgar, your interpretations is actually 180 degrees out of sync.

The big players DONT under any circumstances want to have to supply gas to the local market as this is low margin low profit. LNG on the other hand trades at a similar price to Oil so is high margin and higher value thus encouraging them to spend the CAPEX to build LNG trains in the first place.

Thus the offshore deep water gas will remain stranded unless the authorities play ball but this has the affect of stopping AEX in the future exporting any gas and thus reducing any potential profits further down the line.

[gerryjames] 09/11/2015 07:32

"Maersk Oil has agreed to buy half of Africa Oil Corporation's shares in three onshore exploration licenses in Kenya and a further two in Ethiopia for a fee that could rise to $845 million, it said Monday."

It's not Maersk Oil.

[blackgold00] 09/11/2015 06:02

edgar, "What that means, I believe, is that those Majors looking at LNG would be very happy to have an onshore portfolio of cheap gas that they can sell into the domestic market, thereby protecting their offshore assets from that market."

Yes well, it certainly makes one wonder. And the comments, "BG in particular has argued strongly over the past two years that realistic domestic needs can be served by onshore and near shore reserves." to me demonstrates BG confidence in the Ruvuma on-shore potential. So as they say, there's nothing like putting your money where your mouth is.

this also brings back into focus that last interview with JB, where he apparently turned into a big smiling cheshire cat when asked "do you see Aminex as a take over target".

8:50 minuets in

[dontsweatit] 08/11/2015 19:07

haggismchaggis
8 Nov'15 - 16:14 - 54461 of 54461 1 0

Anyone that says Tanzania doesn't need Aminex's gas is talking out of their rectum.

you should gets along with them very well then, peas in a pod

[haggismchaggis] 08/11/2015 16:14

Anyone that says Tanzania doesn't need Aminex's gas is talking out of their rectum.

[edgar222] 08/11/2015 15:14

From those articles you will see that BP (or is it BG!) are in a negotiation about the proposed LNG plant using offshore gas should NOT be used for the domestic power market. That is because the rates of return for domestic consumption do not pay for expensive LNG plants.

What that means, I believe, is that those Majors looking at LNG would be very happy to have an onshore portfolio of cheap gas that they can sell into the domestic market, thereby protecting their offshore assets from that market.

A major could buy Aminex for what is in their petty cash tin at the moment.

2016 could be exciting

[edgar222] 08/11/2015 15:10

Warbaby and Blackgold

Both of you spot on.

We have a new president who, in his last job was known as the Rhino for getting things done and pushing through bureaucracy.

We have a Govt asking for our help (not this bulletin board, I mean Aminex' help)

They want to fast track our gas and want us to get on with it

Am assuming someone has pointed out that we will be in a better position to do so with a GSA!

[blackgold00] 08/11/2015 15:01

"These pieces are also reminders of the Mr B claims, in recent interviews, of TPDC/AEX plans to commence Ntorya production next year".

yes warbaby, I thought at the time he made those claims, that they were very significant, considering the (Ruvuma drilling obligations).

JB words were if I'm not mistaken, ("that its actually been requested by the Tanzinian gov to allow the partnership down in Ruvuma to expedite that program") i.e. Ntorya-1 recompletion and Ntorya-2 for early production.

also his comments next I thought interesting, "so we've kind of adjusted our self's to help and work with the Tanzanian Government".

from about 4.40 minutes in

[warbaby43] 08/11/2015 13:15

Thanks for two interesting pieces, edgar222, and if our new reputedly kickass president is going to live up to his billing then clearly the Energy Ministry, TPDC and Tanesco would be good places to start.

However, the power situation also places considerable pressure on AEX to remedy its breach of the Ntorya Appraisal Licence drilling obligation and to ensure that it meets the explo drilling obligations expiring in December 2016.

These pieces are also reminders of the Mr B claims, in recent interviews, of TPDC/AEX plans to commence Ntorya production next year.

[edgar222] 08/11/2015 09:44

October 16th 2015

Tanzania: TPDC hints at grand ambitions for Natural Gas Master Plan

While the oil prices mean that many decisions on East African oil and gas developments appear to be on hold for now, our East Africa Politics & Security report points out that Tanzania still appears to have some ambitious plans for the country’s gas future. With the slowing interest from oil companies, the Tanzania Petroleum Development Corporation (TPDC) appears to be taking the lead in the sector, but there are still issues which need to be resolved in the industry to help build confidence that the ambitions can be fulfilled.

TPDC has spoken of its extensive ambitions for the use of natural gas, serving domestic and regional markets, yet in the absence of any firm plans the ambitions do not create any greater certainty.

Regionally, Tanzania sees natural gas markets in most of its neighbouring countries. Addressing the Kenyan parliament on 6 October during an official visit, President Jakaya Kikwete said that Tanzania and Kenya are ‘discussing ways to extend the natural gas pipeline to Kenya’. Speaking to the state daily newspaper Habari Leo the following week, TPDC’s Director of Gas Processing, Transport and Distribution, Wellington Hudson spoke of serving markets in the Democratic Republic of Congo, Rwanda, Burundi and Uganda, as well as Kenya. He further told Habari Leo that an investor has agreed to finance a pipeline to Bagamoyo, to service tourist hotels, with the possibility of an extension to Tanga in the north, and Mwanza in the north-west.

The prospect of a natural gas pipeline running parallel to a crude oil export pipeline from Uganda is also enticing to TPDC, which confirmed to Habari Leo that it is in talks with Total to develop such a project.

Exploiting Tanzania’s deep sea gas resources will depend on having a feasible Natural Gas Utilisation Master Plan (NGUMP) in place. The document has been in preparation since at least 2011, with no sign of it being finalised soon. The NGUMP is critical to allow investors to make a final decision to invest on the LNG plant, as it will determine the domestic market obligation to be demanded by government. Currently the Statoil Production Sharing Agreement stipulates that 10% be reserved for domestic use, a figure which is also likely to be found in the BG agreement.

BG in particular has argued strongly over the past two years that realistic domestic needs can be served by onshore and near shore reserves. They also argue that the feasibility of the LNG plant will be strengthened if their domestic obligation is set at zero.


hxxps://www.menas.co.uk/tanzania-tpdc-hints-at-grand-ambitions-for-natural-gas-master-plan/

[edgar222] 07/11/2015 14:38

Power crisis hits Tanzania as power from gas delayed
7.11.15

In Summary

•Tanzania currently uses 870MW but it only generates 105MW, leaving the country reeling from an electricity crisis that its gas resources cannot bridge.
•The country has been looking to utilise its vast natural gas resources. However, Tanesco data shows a drop in electricity generated from gas from 340MW to 260MW in the past six months. Tanzania has an installed capacity of 1,570MW, with more than a third or 560MW being hydropower.
•Tanesco has been importing power from Kenya, Uganda and Zambia, but in the past four months both Uganda and Zambia have also experienced power generation challenges.



Tanzania is hoping to use its gas reserves to generate electricity and reduce its reliance on hydropower, a reliance that has seen the country experience its worst power crisis in the past few months.


The country has experienced incessant power shortages after its hydropower plants were shut down due to low water levels in the dams. The region’s second largest economy depends on hydroelectricity generation to supply more than 35 per cent of its grid but the reducing water levels have seen this drop to below 20 per cent.


READ: Tanzania to switch off all hydropower stations


According to Felchesmi Mramba, managing director of the Tanzania Electric Supply Company (Tanesco), electricity generated from gas is reliable and will eventually reduce the cost of power in the country.


“This is a reliable form of power generation that is also less costly. Currently it costs US cents 40-45 for plants using oil to generate electricity, while we are seeing plants that use electricity generated from gas pay about US cents 9-10 per kilowatt hour,” said Mr Mramba.


Tanzania currently uses 870MW but it only generates 105MW, leaving the country reeling from an electricity crisis that its gas resources cannot bridge.


“The current power rationing in the country is due to a more than 80 per cent drop in hydropower generation. The highest capacity of hydropower generation is 560MW but currently we can only manage 105MW,” Tanesco said in a statement.


The country has been looking to utilise its vast natural gas resources. However, Tanesco data shows a drop in electricity generated from gas from 340MW to 260MW in the past six months. Tanzania has an installed capacity of 1,570MW, with more than a third or 560MW being hydropower.


“Pan Africa Company has finished the repairs of well numbers SS9 and SS5. We expect electricity generated from gas to increase by more than 270MW in the next two months,” Tanesco said.


READ: New gas power plant for Tanzania


“In due course, we will have reliable electricity, with hydro-power as the supplement,” said Mr Mramba.


Tanesco has been importing power from Kenya, Uganda and Zambia, but in the past four months both Uganda and Zambia have also experienced power generation challenges.


Data from the Kenya National Bureau of Statistics (KNBS) shows that as at September, Kenya had sold more than 1.6 million kWh of power to Tanzania. In 2014, the county imported an average of 50 million kWh of power, with the majority coming from Zambia.


According to KNBS, Tanzania stopped exporting power to Kenya in November last year and scaled up its imports.


The country’s power shortages have been compounded by Zambia’s own power issues as the water levels in Lake Kariba — the world’s largest man-made reservoir — have fallen drastically. This saw a 30 per cent drop in production from the facility, which generates 1,830 Megawatts of power at full capacity.




hxxp://world.einnews.com/article/295736561/Ge4bqPjR0JfII1zA

[edgar222] 07/11/2015 12:08

The point of the article for me was demand for gas, there being some around who think Wentworth has filled the demand.

Which is patent nonsense.

I would say IMHO but I think it is fact.

[nerdofsteel] 07/11/2015 11:42

yes, indeed, it has, unfortunately it's not our gas which still remains stranded without a Customer

[skinwalker] 07/11/2015 11:34

thats all we need - more hot air

[edgar222] 07/11/2015 10:45

New fertiliser plant in Tanzania because it has gas


hxxp://tribune.com.pk/story/985324/joint-venture-fauji-fertilizer-company-plans-to-set-foot-in-tanzania/

[joe_e] 07/11/2015 09:08

Write to Santa he always brings what you want?

[skinwalker] 07/11/2015 01:21

I can't even remember what RNS or GSA are. Its been too long

[bunbooster2] 06/11/2015 19:39

I'd say within ten days. Easy. Might even see the RNS this weekend.

[blackgold00] 06/11/2015 18:15

yes, being an Aminex share holder, i'll believe that

[haggismchaggis] 06/11/2015 18:10

GSA next week?