Aminex Share Discussion Threads

[skinwalker] 07/4/2016 10:32

Once a DOG, always a DOG

[lfdkmp] 07/4/2016 10:32

What does it need to get a consistent rise in the share price in these markets?

.........and please don't answer "a different share" :-)

[blackgold00] 07/4/2016 07:08

a few more penny's coming our way to help pay the interest of that nasty loan, nice to see NR is on the ball and paying up on time. hmm, not a bad deal for someone, 30% discount on yesterdays closing price.



Solo Oil plc today announces that it has raised GBP800,000 gross proceeds through the issue of 320,000,000 new ordinary shares of 0.01 pence each in the Company ("Placing Shares") at a price of 0.25 pence per share (the "Placing") in a Company sponsored placement.

The proceeds from the Placing will be deployed in the Company's active investments in Tanzania and will allow the Company to accelerate its ownership of the additional interest in the now producing Kiliwani North Field, in particular the acquisition of the Second Tranche payment as announced on 4 April 2016. This will take Solo's working interest in the Kiliwani North Development Licence to 8.425%.

Neil Ritson, Solo's Chairman, commented:

"With the Kiliwani North-1 well now flowing gas into the Songo Songo gas processing plant this is an ideal time for Solo to accelerate its ownership of the project and participate in the growth of revenues from gas sales. This is a very exciting time for the Company as we reach first material production and revenue

[edgar222] 06/4/2016 22:48

Nearly, Slepy. Sooooo close now.

[slepy] 06/4/2016 22:45

Is it chivas time yet edgar?

[blackgold00] 06/4/2016 18:06

The Oil Man: Petroceltic, Aminex, Northern Petroleum
By Malcolm Graham-Wood

[...] over at iii

Aminex
"Slowly but surely, the news from Aminex (AEX) gets better; shareholders have been getting restless, but today is a red letter day for the company.

First gas from Kiliwani North, which will ramp up to 25-30 million cubic feet per day within 100 days, will be sold to the Tanzania Petroleum Development Corporation at $3.07 per thousand cubic feet - and of course the company can now book reserves.

I am planning to meet with Jay in the next week or so and hope to add more flesh then but, in the meantime, things are looking up for Aminex."

[rich2006] 06/4/2016 16:50

Bunbooster
Can I remind you to stay on topic and a sense of humour is definitely not allowed;-)

[blackgold00] 06/4/2016 15:55

well skin, lets say I'm a lot more confident today, though i must admit alias ngms was sure getting to me yesterday, but you got to hold onto and go with what you know. so hopefully its onwards and upwards from here. : )

[skinwalker] 06/4/2016 15:02

Really Blackgold?
If only you're right!

[proactivest] 06/4/2016 13:36

Video interview with Jay



Jay Bhattacherjeree, chief executive of Aminex PLC (LON:AEX) says he is “excited to be part of the energy solution in Tanzania” after the firm announced first gas production from its Kiliwani North gas field in the country this morning.
First gas at Kiliwani North marks the transition of the company from developer to producer in Africa, and Bhattacherjeree tells Proactive “this is just the first step – we are going to keep expanding off of this and add to that energy mix”.
Production is expected to build up to a production rate of 25-30 million cubic feet per day (mmcfd), or around 4,000-5,000 barrels of oil equivalent per day gross, over the next three months.
“It’s the first step in continuous growth”, the chief executive says, adding that the company will “keep working hard to expand the production base”.

[warbaby43] 06/4/2016 13:36

Multi deep sea Nyuni TCFs maybe, but they are definite v long term but realistically isn't a bigger plus for Nyuni that not only a sizeable chunk of it is close to Songo Songo near shore with even a small chunk onshore but, from memory, it also had 141 km of Transition Zone seismic done in 2013?

Using the usual magic money, weren't there also "plans" to do a drill on Fanjove island back in 2014?

[qackers] 06/4/2016 13:15

Mr BunBooster2 I do hope this works out well for you and you get your sofa after all these years. Your terrific sense of humour has I am sure kept many folk sane.

Genuine lol

[blackgold00] 06/4/2016 13:12

ah that Bounty, I'm glad you made that clear bun, easy to confuse the two, thanks

[blackgold00] 06/4/2016 13:08

NO skin, its only just begun.

[bunbooster2] 06/4/2016 13:07

To clarify Bounty the explorer not the chocolate bar. Took me a while to cotton on to that so I want to make that clear for new investors.

[skinwalker] 06/4/2016 12:58

is that it then? The excitement over already?

[rich2006] 06/4/2016 11:56

Greyingsurfer
I agree but he stops us from being complacent.

[greyingsurfer] 06/4/2016 11:29

I do like to hear both sides tho so keeps my feet on the ground.

I agree, but sadly several of ngms's recent posts are not giving the "other side" or taking a glass half empty view, they are just factually wrong.

Peter

[greyingsurfer] 06/4/2016 11:27

Still no agreed Production Rate. Call my cynical but is that because M&P/Wentworth are satisfying all current demand and have more capacity behind the pipe?

Come on ngms,

You know the answer to that, it's been discussed here several times. If your knowledge of AEX is really so sketchy why to keep posting in what pretends to be an authoritative way?

The agreed production rate won't be settled until after testing of the plant and well is complete. The procedure was laid out in full some time back. There will be a month, or possibly more before an agreed commercial rate (which they will get paid in advance for) is settled. In the meantime they will invoice for gas supplied in arrears.

Peter

[rich2006] 06/4/2016 10:59

Ngms always looks at the negative even when there isn't one.
Not sure of his/her agenda but an agenda is there. He/she is the same on other boards so maybe just a case of glass empty.
I do like to hear both sides tho so keeps my feet on the ground.

[888icb] 06/4/2016 10:53

Lets take the mid figure for income of US$ 12.5 million which converts to £8.8 millon. The current market cap is £28 million. That income should support a much higher market cap.

[blackgold00] 06/4/2016 10:38

ngms, "Still no agreed Production Rate. Call my cynical but is that because M&P/Wentworth are satisfying all current demand and have more capacity behind the pipe?"

why would TPDC spend money upfront on preparing the SS processing plant ready for commissioning, which they have now been doing for some time, if they were not going to use it for a year or what ever, makes no sense. ngms didn't you pick up a few shares yesterday?

[vike1] 06/4/2016 10:37

ngms, this is exactly the same process that WRL/M&P went through.

From WRL Aug15 RNS: "Initial production volumes will be used for commissioning purposes and to fill the pipeline"