Aminex Share Discussion Threads

[bunbooster2] 07/9/2016 14:50

There's a bunch of new gas power stations coming online from 2017-2030 and predicted gap in supply from 2018 onwards. Billions has been spent, and billions more is planned.

Clearly biased article -

[oilretire] 07/9/2016 12:36

Crystal clear from Ritson, need the KN money (and more) for N2.

[skinwalker] 07/9/2016 12:13

great to see the share price responding so positively to all this favorable news.
Bring on some bad news!
Still, Rashford scored a hat-trick

[edgar222] 07/9/2016 11:47

Ritson on size and timing of N2

[888icb] 07/9/2016 08:05

Solo haven't got the money and AEX don't need it due to the refinancing.It quite simple but they need to let shareholders know which they have now done. It's a good news story for AEX.

[blackgold00] 07/9/2016 07:59

warbaby, "But of the "imminent" start of commercial mention came there none."

Neil Ritson, Solo's Chairman, commented;

"We are very pleased with the progress being made at Kiliwani North now that the Songo Songo Island gas processing plant has been fully commissioned and we expect to see further production and gas sales news in the next few weeks."

[gerryjames] 07/9/2016 07:56

You can believe both tmmalik, it's just diplomacy and finance.

[warbaby43] 07/9/2016 07:52

But of the "imminent" start of commercial mention came there none. As ever, the non barking dog barks loudest.

[tmmalik] 07/9/2016 07:50

Solo decides to not increase its stack as per solo RNS While AeX says they don't need more moneyWhich one to believe?

[888icb] 07/9/2016 07:22

I am happy with today's RNS as since the refinancing AEX have no need for Solo's money and so it is better to retain their current interest in Kiliwani North together with the income that flows from that.

[oilretire] 07/9/2016 07:21

And Jays take

"The recently completed capital raise has afforded the Company the ability to maintain its current interest. The Kiliwani North-1 well is performing well and maintaining a higher interest in the licence allows us to retain more of the revenues generated from the project and strengthen our balance sheet. The Company remains focused on the upcoming multi well appraisal and development drilling programme in the Ruvuma Basin, for which it is fully funded."

[blackgold00] 07/9/2016 07:12

Solo today announces that it has informed Aminex plc, the operator of the Kiliwani North Development Licence ("KNDL"), that the Company does not intend to exercise its immediate option over a further 1.25% interest in the KNDL, which is now available to Solo having received first revenue from gas sales in mid-August.

The Company continues to hold a further option over an additional 1.575% in the producing Kiliwani North field as announced 4 April 2016 and the Company will determine its investment in that tranche in due course. Solo presently holds a 7.175% interest in the KNDL which contains the producing Kiliwani North-1 well. If the Company elects to take the final option its total interest in the KNDL will rise to 8.75%.

The Company also holds a 25% interest in the Ruvuma Production Sharing Contract area in Tanzania which contains the Ntorya-1 gas condensate discovery well.

Neil Ritson, Solo's Chairman, commented;

"We are very pleased with the progress being made at Kiliwani North now that the Songo Songo Island gas processing plant has been fully commissioned and we expect to see further production and gas sales news in the next few weeks. Kiliwani North is an important project for us as it represents our first revenue from Tanzania, however, Solo has elected to focus its immediate investment on the larger potential at Ntorya, where appraisal drilling of will shortly be underway."

[haggismchaggis] 07/9/2016 07:09

SOLO tell us:"we expect to see further production and gas sales news in the next few weeks"

[ngms27] 07/9/2016 03:55

The gravy train keeps rolling down those tracks

Arh Bisto

[lfdkmp] 06/9/2016 21:23

ah....

and the conclusion over at LSE now that this clarification has come in?

[irishmouse] 06/9/2016 20:42

Before this clarification came in we were wondering over at LSE what would happen to his options if he left the company,and would he sell some of his rather large holding.

[lfdkmp] 06/9/2016 20:03

Thanks for that up(to)date irish. Certainly clarifies the opaque RNS on 23 August:

RNS Number : 9281H

Aminex PLC

23 August 2016

23 August 2016

Aminex plc

("Aminex" or "the Company")

DIRECTORATE CHANGES

.........

The Board also advises that Mr Philip Thompson is standing down from the Board and from his executive role in the Company with immediate effect, due to a planned relocation of his family, although he will remain a consultant to the Company.

Aminex Chairman Brian Hall commented:

"........... The Board would like to thank Phil Thompson for his significant contribution over the last three years of the Company's evolution and we look forward to continuing to work with him in his capacity as a consultant."

[irishmouse] 06/9/2016 19:17

just got an e mail from Camarco, Philip Thompson is no longer employed by Aminex but will remain as a consultant.

[skinwalker] 06/9/2016 08:23

I reckon I've got more dogs in my portfolio than there are strays on the streets of Glasgow

[warbaby43] 06/9/2016 08:05

"In February, 25, this year, Tanzania discovered an additional 2.17 trillion cubic feet of possible natural gas deposits, raising the country’s total estimated recoverable natural gas reserves to more than 57 tcf."

This shadowy 2.17 tcf of "possible natural gas deposits" keeps popping up and with its size and location it could, if true, help to make Ruvuma gas very "long term" indeed. It's just the very extravagance of the claim and the absence of any accompanying detail that makes me suspicious and when even a Daily News hack tacks on "possible" it tells its own story. Here again is the original announcement:

[dbfromgb] 05/9/2016 21:19

SOLO tweeted today a reference to their presentation slide on Kiliwani, which featured their current and potential future share in the project. A bit random, unless of course they have just increased their stake, for which an announcement is overdue......