Aminex Share Discussion Threads

[haggismchaggis] 02/3/2017 07:34

Litho, there won't be any dilution, we are fully funded. (can't say the same for SOLO however)

[haggismchaggis] 02/3/2017 07:33

Something else that's being missed in gas calculations going forward is CNG. Tanzania imports CNG. Tanzania wants to convert more gas to CNG not only to cut imports but also to increase the use of CNG as a fuel for cars.Here's another interesting presentation for you.http://www.sanec.org/themes/sanec/uploads/files/TPDC%2520-%2520PRESENTATION.pdf

[lithological heterogeneities] 02/3/2017 07:32

indeed it has happened so often i should change my name ti Lithological H2O Geneities.

[lithological heterogeneities] 02/3/2017 07:30

i hope/think you are right about the Zubs back up...but years of being diluted to death before big news makes mea rather old,tired and cynical investor.i will be exceptionally annoyed if it happens again here as i am tired of being diluted.

[blackgold00] 02/3/2017 06:30

lithological heterogeneities, "sadly, when big news is due,even if a company is not in need of money they often carry out a placing to let their city mates in on the cheap at the expense of us amoeba"

morning lithological, i don't think that is so likely now that we have the Zubair Corporation on-board, who hold nearly 30% of Aminex and would most certainly not like to see that holding diluted. And yes "production and revenues first" JB has stated many times he wants to see production led growth.

[lithological heterogeneities] 02/3/2017 05:23

i diasagree.production and revenues first to reduce future shareholder dilution then raise funds at a much higher price.sadly, when big news is due,even if a company is not in need of money they often carry out a placing to let their city mates in on the cheap at the expense of us amoeba. seen it so many times over the past 22 years.would not surprise me here either before the news. i hope it doesnt hapen this time as i am sick of dilution before big news to let city mstes in.

[berber1] 02/3/2017 00:04

My understanding of AEX's RNS did specify going into production rather than continue exploration, I hope it is not the case. It will be nice to produce and continue aggressive exploration. The RNS was very short with no details, which was disappointing as it did trigger a sell off. I believe the market wants AEX to continue exploring. I hope the next RNS will be much more clearer.
ngms27 what are your return criteria(if you do not mind)

[ngms27] 01/3/2017 18:24

Odvod, I never visited Slovenia. It's my opinion that the current wells will not be capable of producing at the rates tested for longer than a few months.They are both vertical single stage fracked in low permeability reservoir.The one that produced the good flow rate intersected a fault by design (if my memory is correct) to try and produce a better outcome. It did. None of the wells have been tested for any meaningful period of time, therefore they are unproven. Look at the well history on the acreage, though admittedly they weren't fracked and used a different mud regime.Wells such as these tend to give up the majority of there hydrocarbons in a matter of months then materially decline and produce at a much lower level for years governed by the matrix permeability.It remains my opinion that they need horizontal wells with multi staged fracks to produce commercially. A member of the BoD a number of years ago suggested to me that this was indeed the most likely outcome.Therefore I will be pleasantly surprised if the wells produce to the current set expectations over time.Note this is my personal opinion and is why I will not be purchasing any AST shares.

[odvod] 01/3/2017 18:07

o/t it refers to ngms / slovenia

[thegreatgeraldo] 01/3/2017 17:53

& how does 2040 translate into Tanzanian time? ;-#))

[ngms27] 01/3/2017 17:45

Tgg, exactly I'm here for the next 6 months to a year if they continue the explo. If not then like the dragon I am, I'm out as they become uninvestable for my return criteria.

[greatfull dead] 01/3/2017 16:57

berber,

Cheers for clearing that up for me.

ATB,
GD

[berber1] 01/3/2017 16:51

GD, I understand it is Bobobob a GKP poster.
AEX consolidating, should start powering ahead soon. With AEX joining the small cap index by 20th of march, will bring more II. 10p by then . IA

[greatfull dead] 01/3/2017 16:42

odvod,

OT. In your post you mention bobobob is that referring to BoabAb FPSO offshore Ivory Coast?

hxxp://www.modec.com/fps/fpso_fso/projects/baobab.html

An interested AEX/SOLO investor,

ATB,
GD

Edited. I too hold AEX

[tidy 2] 01/3/2017 16:31

17p consolidate if we don't break 20p.

[odvod] 01/3/2017 15:06

o/t ngms - as you can remember - I live here (from old bobobob days) you even said you paid a visit if I remember right. I talked to the farmers - no pipes being laid yet. which means not so sure. yet. but work being done on the wells. papers problems still persist I am being told.

[ngms27] 01/3/2017 14:49

O/T AST for how long? Two months? Three months? They have low permeability reservoirs and haven't carried out an EWT, chances are production will fall off a cliff within 6 months with the vertical wells.

[effiert] 01/3/2017 14:00

o/t AST 5-6p this month. GAS producer as of THIS month!