Aminex Share Discussion Threads

[ngms27] 10/2/2017 08:12

Think I'm off for a Friday dump shortly

[tidy 2] 10/2/2017 08:12

Nobody has control of traders on any stock. Worth remembering Aex is Main Market & not Aim. Insti's are likely riding this up now.

[chesty1] 10/2/2017 08:10

Traders have been playing this and will do a Friday dump imho, not taking anything away from the rns just my opinion.

[tidy 2] 10/2/2017 08:09

You've just done what you say is stupid :))

[ngms27] 10/2/2017 08:04

Someones been comparing apples with pears again.

SOU's gas will get over $6 per scuff maybe even $9, Aminex currently get just over $3
SOU have 10 years of production totally royalty free. This is the best deal in the entire industry. Next door in Algeria you have to produce 8 times the quantity if gas to get the same return. Compare that to Aminex

SOU's gas has a ready market both internally with Gas Fired power and via the export pipeline to Europe with little / no tariff shortly when ownership reverts to Morocco. It will cost $50m for the connection. Currently there is insufficient demand for KN-1 gas. Government figures suggest it will be 2021 before any gas from Ruvuma will have a market. Aminex will have to build a pipeline.

SOU's production test well has a stabilised flow rate of 28mmscfpd. SOU and Schlumberger have stated that the well design is sub optimal as it was designed before they drilled the first well. Therefore it's likely future wells will have a higher stabilised flowrate. KN-1 did test at 40mmscfpd, NT-1 around 20mmscfpd. These are excellent flow rates. People are living in Cloud Cuckoo land if they think NT-2 will test and provide stabilised flow above 60mmscfpd. For a start standard test equipment is constrained below 50mmscfpd and pressure isn't the only factor that determines flow rate. SOU's well's are ALL high pressure.

SOU's management have stated that they indend to prove up as much as the acreage as they can and have a liquidity event within 18 to 24 months returning monies to shareholders at several multiples of todays share price. They have a stated work program in 2017 to do just that. What plans do AEX have an over what timeline?

Therefore I think it's incredibly stupid to compare SOU's market cap and resource base (The calcs were wrong BTW) and just multiply out for AEX.

[edgar222] 10/2/2017 07:58

Lenigas on Twitter:

"By all accounts - a lot of pressure at Ntorya-2 well. And massive pay compare to Ntorya-1 that flowed 20 million cubic ft a day."

[lfdkmp] 10/2/2017 07:57

Maybe one or two "so called" judges might be interested in Billericay's vacant bench.

[steviedoesit] 10/2/2017 07:19

Dun DUN DUN!!!! GLAD IT'S NOT ONLY ME LOL

[888icb] 10/2/2017 07:07

All the LSE chat disappeared last night and has not returned

[blackgold00] 10/2/2017 07:03

have they been abducted by aliens, or is it the rapture? they'v gone, i knew they were a special lot with their leader tiptop

[john2017] 10/2/2017 06:58

No one can see LSE chat I believe.Problem I think with site

[blackgold00] 10/2/2017 06:32

where has every one gone over at LSE?

[temmujin] 09/2/2017 22:04

Malcy's nap ..victoria oil ,most undervalued share in his bucket list

[tidy 2] 09/2/2017 20:26

Haggis I'm with you. Cheers.

[blackgold00] 09/2/2017 20:25

as it is, no more or no less

"Drilling of the reservoir section was associated with significant gas influxes and higher than expected pressures. The result is well ahead of the Company's pre-drill expectations."

[lfdkmp] 09/2/2017 20:19

Whilst the recent posts may have merit, many of the postings are exhibiting a tendency to infer rather than interpret.

I'm beginning to wonder if we should be renaming this thread Aminference. (LSE:AFE) - Not African Eagle Resources, but uncannily close.

[haggismchaggis] 09/2/2017 20:05

I'll raise you, 140 to 200, based on a simple multiplication of the N1 to N2 interval size, plus the increased pressure.N1 = 3.5m = 20mmcfdN2 = 25m to 30mN2 pressure significantly higher than N1 pressure otherwise it wouldn't have been mentioned, and had 'significant' gas influx which is the same thing that happened at L1. N2 reservoir is also high quality says Jay.N1 had 20% porosity and was never described as 'high quality'.

[tidy 2] 09/2/2017 19:32

Hazard a guess at flows. I'll go 100 scuffs.

[haggismchaggis] 09/2/2017 19:04

L1 was really abandoned because Tullow didn't want gas (they were after oil), not because of high pressure, we all know that. IMVHO the pressure at Ntorya is from the same reservoir as L1 and therefore the same high pressure.

[tidy 2] 09/2/2017 18:55

Merely lol but get you.