Aminex Share Discussion Threads

[tidy 2] 12/2/2017 23:39

Also. This N2 is the original N3. They switched it. Don't know why.

[robbie1424] 12/2/2017 23:37

Tidy- Thanks for the info.
Looks like a huge boost to what they were expecting.

[tidy 2] 12/2/2017 23:20

They were expecting 16m pay zone and get 51m. Net of the 51 is 25-30m. Net of the 16 may have been 6. Of N1 with 3m net the got 20 scuffs N2 also has higher than expected pressures so this really is looking good all round guys.

[robbie1424] 12/2/2017 23:07

Possibly 4-500 bcf?
Let's not get too excited yet.

See they threw the "traces of oil" in there.
Presume this is why they are drilling deeper? And possibly to find GWC

[robbie1424] 12/2/2017 22:56

Haggis- could aex end up a little like Sou in getting the schematics wrong for nt2 wrong?

What I'm saying is they may have underestimated the well as it's looking like this is really gonna hit big gas?
Over 40-60 scuffs?

This may limit scuffs rate as when the gas enters the well it's going to expand slowing down flowrate.
They will however state this in a rns.
Then they can work out the volumetrics for guidance.
This is looking very good for a significant rise on estimations.

[haggismchaggis] 12/2/2017 22:40

tidy 2, I'm not registered to read it, as it's $30 a year and I'm only interested in one article from yesterday.

[haggismchaggis] 12/2/2017 22:38

Another press article, in today's Upstream Online, hardcopy edition. http://www.upstreamonline.com/hardcopy/1214035/aminex-discovers-gas-with-ntorya-2-well

[tidy 2] 12/2/2017 22:37

Can you copy what it says. Can't track it down.

[haggismchaggis] 12/2/2017 21:49

AEX were mentioned in The East African press yesterday. You need to be registered to read what they said. If you modify the search from "Aminex" to "Ndovu Resources" you get the same result, so it's definitely us.http://www.google.co.uk/search?q="aminex"+"the+east+african"&safe=off&biw=360&bih=512&prmd=nvi&source=lnt&tbs=qdr:w

[haggismchaggis] 12/2/2017 16:53

https://youtu.be/hLEs-ZeYn_o

[haggismchaggis] 12/2/2017 16:52

https://youtu.be/OYMt_ycB1Ks

[tidy 2] 12/2/2017 15:15

https://www.youtube.com/watch?v=l_tbeY3EUvE&sns=twWell worth a few mins. Results are exceeding the already impressive expectations. BOD well aligned with holders.

[haggismchaggis] 12/2/2017 15:01

And N2 is already sounding commercial ;-)

[haggismchaggis] 12/2/2017 14:59

gregingsurfer, I thought that was the case, volume is what I'm looking for. L1 was targeting 500mmbbl, but I've not found a forecast BCF/TCF figure for it, so I can't extrapolate the potential oil capacity of Namisange. As far as N1 and N2 go, I'm expecting the same deal as Kiliwani, TPDC install the pipeline and pay us at the wellhead. That would make sense for AEX, conserving cash while fast tracking the production. "After drilling the Ntorya-2 appraisal well, Aminex plans to apply for a licence to fast-track development of the Ntorya field so as to monetise gas discoveries through the new gas infrastructure. Aminex is also in discussions with the TPDC to identify opportunities for an early production system from Ntorya-1 and Ntorya-2," says Jay Bhattacherjee Chief Executive.

[greyingsurfer] 12/2/2017 14:17

that wasn't the question. The question was how much oil will physically fit into the Namisange field.Let's could not will! It remains a long shot. However, if that's what you want to know dividing BCF by 6 won't give it to you either - that gives you approximate calorific equivalence - what you want to know is volume. We know the value of our gas, we have a fixed priced wellhead contract.AEX has a well head contract for KN-1 gas. Something similar may end up applying to Ruvuma gas, but I'd think that would depend on the amounts found.Peter

[billy_buffin] 12/2/2017 13:40

Good post tournesol - UK/EU around $6 per 1,000 scuffs last time I looked. $3 odd Tanzania.

[haggismchaggis] 12/2/2017 13:12

tournesol, that wasn't the question. The question was how much oil will physically fit into the Namisange field.We know the value of our gas, we have a fixed priced wellhead contract.

[tournesol] 12/2/2017 11:01

Dividing BCF by 6 gives you an approximation in terms of energy content (ie 6000 cu ft of gas has the same energy content as 1 barrel of oil) but there is no correlation between energy content and value.

The only way to value gas is by reference to market access and the going rate for gas sales. Ie it's worth what you can sell it for provided that there is a means of getting it to market and finding a willing buyer.

[ngms27] 12/2/2017 10:40

Divide BCF by 6 to give an oil approximation in millions of barrels.

[haggismchaggis] 12/2/2017 09:38

If Namisange holds all the oil, how much oil could it hold, based on the estimated size of the field and the estimated gas content??

[tmmalik] 12/2/2017 08:04

Next week would b very interesting as we will be close to log analysis and share price might be above 5p Next two months very import for share price as I was talking to someone in oil industry and he thinks ,if N-3 gets better results than N-2 than share price would be above 20p,company will start fast track work on N-3 and will complete by September .So his opinion to stick with your shares by August at-least.

[haggismchaggis] 12/2/2017 03:07

Waffle, waffle, waffle. My thoughts are that AEX will chase the oil up-dip until they either find it or give up. So N3 then Namisange.There is oil in L1 and N2, so a good chance of oil in Ruvuma. L1 was targeting 500mmbbl with a recoverable 150mmbbl. So look downstream at all of the oil that's been displaced by gas, versus the size of upstream traps. N3 might hold oil or oil and gas. Failing that, Namisange looks to be the big daddy.

[foolsandcows] 11/2/2017 20:50

Ntorya and Likonde are connected in the cretaceous zones(infill seismic). So oil/gas may have migrated and NT-2/3 be the beneficiary.


250m net sands

Aminex Chairman Brian Hall commented: "Net reservoir sands of over 800 feet encountered, coupled with logged and physical evidence of both oil and gas, mean that Likonde-1 represents a major step forward in establishing the oil potential of the under-explored Tanzanian Ruvuma Basin.