Aminex Share Discussion Threads

[ngms27] 08/8/2016 09:22

It's wet gas so won't be admitted to the National pipeline as-is. It will need a processing plant to be built to strip out the NGL's.

[vike1] 08/8/2016 08:57

Ruvuma doesn't need much infrastructure. If it's a massive find, then we build a steel pipeline 25km to link into national pipeline. If smaller (sub-500bcf) we can lay less expensive plastic piping (the kind used in the UK). Neither takes long to build, and would be able to finance the cost via RBL, etc.

The LNG plant is an interesting side story for the country, but it doesn't involve us in any way. That's for the Shells and Exxons. Even if we find gas in Nyuni, years from now, we would link to existing infrastructure at Songo-Songo for domestic/regional use.

[warbaby43] 08/8/2016 08:20

The dream that will not die:



Meanwhile edgar222, "If they are declaring a profit of 7-10m dollars per month" I would be interested to see when you might envisage that, bearing in mind it would imply somewhere around 140-200mmcfd with no Ruvuma pipeline infrastructure foreseen until "long term."

[ngms27] 08/8/2016 08:13

I haven't shorted anything for years

[greyingsurfer] 08/8/2016 08:02

Fingers need to be firmly crossed when NT-2 spuds, I'd be very tempted to take some off the table if the share price goes above 2.25p pre drill result.

I thought you were short?

Peter

[ngms27] 08/8/2016 07:59

Chickens and counting comes to mind. I'd be concerned that management only have a COS of 60% for Ntorya-2, I'd have expected 80% plus given the story they have been selling.

However it might explain why no one ended up farming in.

Fingers need to be firmly crossed when NT-2 spuds, I'd be very tempted to take some off the table if the share price goes above 2.25p pre drill result.

[nash81] 08/8/2016 01:02

whats the new mcap of AEX now? at 1.3p, are we already 50m mcap?

[edgar222] 07/8/2016 18:42

If they are declaring a profit of 7-10m dollars per month what p/e gets applied? 10? 20? Not a million miles away from your figure Warbaby.

[warbaby43] 07/8/2016 17:13

As the currency of the industry is the dollar, wouldn't any chicken counting better be done in dollar terms than in pence per share or even in sterling. As 8p equates to c$364 market cap, they have a lot of gas/fluids to come up with to justify such a price tag.

[edgar222] 07/8/2016 13:08

SlepyNot sure I ever thought £1 per share, that would now be £3bn market cap.But 20p plus is achievable and foreseeable, with a fair wind. I dont mean this year btw!8p changes my life but i wouldnt sniff at 7p either. LolGood luck to you. I understand your frustration and share the delay fatigue. But the story is still there.

[slepy] 07/8/2016 11:51

Edgar - weren't we saying that we can hit £1 like COVE ? :)
One miracle would not be enough to get to this level.

[warbaby43] 07/8/2016 08:24

Could be all the rage in solving trendy London's housing problem

[irishmouse] 07/8/2016 07:57

The shares left over from the options that were snapped up by a mysterious investor,would be nice if it was Argo in a debt for equity swap,unlikely but would mean we are finally getting the debt down.

[edgar222] 06/8/2016 20:19

Jpod

You are right. It is all coming together. And I actually think the rampy share prices we have predicted on this board in the past as a best case scenario might be a bit light!! Even with share dilution.

Its the geology plus the ambitious Oman Corporation. We can (almost) finally stop talking about the debt and balance sheet. I think (because I trust the management) that 22 million cf per day will be sold at KN1 at least. That will pay off the debt and sort the balance sheet while Ruvuma is proved up.

I have held so many shares for so long that I wonder whether I have the ability to actually sell any. Going to have to top slice at some point but I hate to think of giving them away too cheap. Problems problems.

Quiet patience and satisfaction when it goes North is the order of the day. Though I can think of one or two ridiculous Bowleven posters that I might just point out the facts of life to when we are worth a lot more than them and with huge prospects still to drill.

All good. Management doing what they promised. Timescales not in their control. The size of the recent capital rise compared to market cap is extraordinary in this market and stinks of confidence from those in the know.

[edgar222] 06/8/2016 20:13

Ahh yes, Warbaby. Thank you

[jpodtrading] 06/8/2016 08:39

I've been a quiet investor since the days of 8p.. hmmm.... This feels like a 'imminent' momentous moment.. I've oversubscribed this time around. It feels like it's all coming together.. I could be wrong .. I've been wrong so many times before it must be time for me to be right??!! POO to you ngms ;p ...

[warbaby43] 06/8/2016 07:28

An every day Tanesco tale:

[warbaby43] 06/8/2016 07:08

edgar222 see a) of my post @ 57613 "one very short lateral line being shot in 2014 across from the NE of Namisange to NW Ntorya (see seismic detail on p7 of the presentation accompanying the last Placing EGM)"

[edgar222] 05/8/2016 18:49

Warbaby

Speaking from memory not looked it up but memory says they did do some modern seismic at namisange and it is not all just legacy seismic.

Memory also says they only did one "line" of it.

May be wrong

[warbaby43] 05/8/2016 17:45

At the previous Placing around 520m shares were taken by larger, but sub 3% threshold, shareholders. It would be no great surprise to see one of them going over the 3% mark by taking all or a large chunk of the rump.

[stinkypeet] 05/8/2016 16:46

Actually vike1 I wouldn't be surprised if this was Majedie coming in for few more....

[vike1] 05/8/2016 16:12

Wonder who the "second" new cornerstone investor is?

Hopefully they took up most of the rump offering, which would leave c.50% of the total share base not available for trading.