Aminex Share Discussion Threads

[ngms27] 14/1/2016 09:15

No ones interested in AEX. If they prove up 1 to 2 TCF with the 2016 drilling campaign then maybe. Until then forget it.

[duxy786] 14/1/2016 08:40

Kiddies and Traders being scared in to selling here. Long Term holders here will greatly benefit from buying in to any price drop. The potential here is huge. I dont see us around by mid 2017 before which time, I expect this to be trading 8-10p. The M&A vultures will be circling this company now.

[bunbooster2] 14/1/2016 08:35

Hilarious this all comes together when the market is in tatters.

Medium term probably better off though, cheap rigs and maybe even a cheap acquisition (as is so often alluded to).

Crazy how cheap this is with farm out and GSA signed.

[warbaby43] 14/1/2016 07:44

Have no fear Aminex is here:

[warbaby43] 14/1/2016 07:43

Production "relatively shortly" testing "month to two months" but the conundrum is this - if revenue "net net to us" was $1m per month when they had their 60% (65-5% TPDC)and at 20mmcfd how come it's still $1m when they're down to 24% and at a forecast 30mmcfd. On the surface of it, the arithmetic doesn't square.

Or is he being a bit slippery and not taking account of the "imminent" 6.5% to Solo and 25% to BLVN?

[edgar222] 13/1/2016 19:38

Jay B interview

$1m per month revenue ? Not listened yet myself.

EDIT:


"Around a million dollars per month net to us...."



hXXp://www.stocktube.com/video/aminex-chief-eyes-us-1mln-of-monthly-revenue-at-kiliwani-north


EDIT (2)

Ritson interview

Already a rig available for Rovuma drilling

hXXps://www.youtube.com/watch?v=31OG0Gqq0E4

[thecynical1] 13/1/2016 19:36

amazing that the deal has actually been completed......bets on where it closes on Friday when the traders have moved on and all the excitement has died down?

[blackgold00] 13/1/2016 18:37

a nice 1,527,900 delayed trade at 1.80

[lfdkmp] 13/1/2016 17:04

I've heard a rumour that those shorting AEX are getting quite concerned.

The rumour is probably without foundation, however.

[haggismchaggis] 13/1/2016 16:35

Nice to close at the high of the day.

[traderinthemaking] 13/1/2016 16:32

Glad the GSA is finally sorted and GL to all the LTH.

I almost topped up today but I have lost so much here before that I decided to wait a bit... I may regret it... Time will tell.

TITM

[blackgold00] 13/1/2016 16:16

thanks fireplace22, NR was correct then.

[fireplace22] 13/1/2016 16:06

Initial gas price of US$3.00 per mmbtu (approximately US$3.07 per mcf);

[blackgold00] 13/1/2016 15:42

hmm, $3 per million cubit feet? I think NR might have lost it a bit there.
edit, sorry he says $3 per million BTU, so does that equate? hasn't he gone grey.

[ngms27] 13/1/2016 15:38

A GSA was anticipated 2 years ago ;)

My personal view is that they are over egging the cookie

[blackgold00] 13/1/2016 15:22

ngms, not a lot to go on in answer to your query, but found this in their half yearly


TANZANIA - KILIWANI NORTH & GAS COMMERCIALISATION

"Following an engineering review, it is anticipated that a sustained production rate of up to 30 MMcfd, higher than previously planned, will optimise the economics and the life of the reservoir".

[ngms27] 13/1/2016 14:22

TPDC are going to set a rate that can CONFIDENTLY be provided for a 12 month period. This will then be reviewed and likely lowered every annum to depletion.

The well tested at 40mmscfpd, it might well be technically possible to produce at 30mmscfpd for a period but given the small size of the accumulation I don't think thats going to go beyond 6 to 9 months.

I'd like to understand why the new BOD think 30mmscfpd is now possible when for years the guidance was 20mmscfpd.

[blackgold00] 13/1/2016 13:39

I don't think we will get the EGM date and vote, until that is, we get the approvals from TPDC for the farm-out along with well obligations confirmed, and possibly the new drilling program. I don't think its going to be long now though.

I think that TPDC are going to jump at approving this deal with Bowleven, knowing that they will get 2 new wells drilled in the Ruvuma and with the second well that could potentially discover 1tcf of gas that will greatly benefit them.

[rich2006] 13/1/2016 13:31

Surprised we have not heard about our vote

[greyingsurfer] 13/1/2016 13:31

No interview, at least so far, and no big surprise if there wasn't one, given how circumscribed he would have to be given all that will be going on with TPDC and BLVN.

True, but Solo missing the chance of an interview would be big news!

Peter

[greyingsurfer] 13/1/2016 13:30

Hi ngms

Whilst getting the GSA is good news we still don't know what the agreed production rate will be and thus the cash flow AEX can expect. It certainly won't be 30mmscfpd, I'd think 10-15mmscfpd more likely.

I suspect that statement is as firmly based, and as likely to prove correct as your several statements over the past year that the GSA agreed gas price would start with a 2, or even possibly a 1.

You have no evidence to support that statement. The contracted flow rate will be decided after full commissioning and testing, at which time everyone will know a lot more about what can be produced and maintained. At present I see nothing to that suggests we should be thinking it will not be firmly in the range the company has suggested, i.e. nearer 30 than 20.

Peter

[blackgold00] 13/1/2016 13:21

warbaby, yes agree, no big surprise if there isn't an interview. as you say a lot going on at the moment that probably he can't comment on yet, re; the Bowleven farm-out/drilling program and the negotiations with TPDC for those needed agreements.

from last IMS

"Following the Ntorya 1 recompletion and the Ntorya 2 well, the Ntorya-3 will be drilled in the main Cretaceous channel fairway. The Company is currently in the final phases of a tendering process to choose a drilling contractor and will update shareholders once that has been announced".

"While there are further exploration drilling commitments required by December 2016 in addition to the current drilling plans, Aminex is currently in discussions with the TPDC to facilitate and accelerate the development of Ntorya and meet the remaining obligations"

[lfdkmp] 13/1/2016 13:09

Wondered how long it would take ngms to turn up with the cloud attached to the silver lining :-)

[blackgold00] 13/1/2016 12:45

ngms, why do you think, "10-15mmscfpd more likely" are you thinking that is the rate that will optimise the life of the well?