Aminex Share Discussion Threads

[ngms27] 24/4/2017 19:23

lowflow, you have made a few mistakes:

1) As pointed out by others NT-2 from 2015 is now NT-3 which hasn't been drilled.
2) The CPR from May 2015 attributed 70BCF 2C and 153BCF GIIP to the NT-1/NT-2 sand channels. We should use the 2C figure for the potential recoverable Gas. The August 2016 presentation is actually misleading as it kind of infers NT-2 is looking to add another 153BCF recoverable. Todays RNS makes it clear that such an interpretation is clearly wrong and it actually meant that NT-2 was designed to prove the CPR that there is 153BCF GIIP not an additional 153BCF.
3) Today the NT-1/2 sand channels have been updated to 186BCF 2C and 466BCF GIIP. So again we should use the 2C figure for the likely recoverable gas. NT-2 was clearly a significant success more than doubling the 2C resource for the sand channels suggested by the CPR.

However what is clear is that NT1/2 isn't in the 1/2 TCF bracket as suggested by Haggis et-al. Its deemed to be 186BCF 2C and its the 2C thats important NOT GIIP.

[kryptonsnake] 24/4/2017 19:07

Well it could have been worse. look at SOLO. Bit disappointed with the price action today considering the volumes traded. Hopefully it should give us some solid ground to build up from going forward. Another waiting game ahead?

[haggismchaggis] 24/4/2017 16:13

Homework? It's just another work of fiction from an author with no fans! :-D

[blackgold00] 24/4/2017 15:58

yes lowflow, getting the old NT-2 location muddled up with the new NT-2 is not good for your credibility you know, you really must do your homework. Yes the NT-3 well when it is drilled is going to cause a fair bit of excitement.

[bigsi2] 24/4/2017 15:41

Gas sold rather

[edgar222] 24/4/2017 15:39

To be fair to Low it is an easy mistake to make as the designated name for wells changed

[bigsi2] 24/4/2017 15:38

Aex still owed for 74% of oil sold to date..

[the argus] 24/4/2017 15:36

Low,

You've been asleep at the back of the class again! :)

Your Ntorya-2 well info is actually now Ntorya-3, Ntorya-2 was a step out from Ntorya-1, see slide 12 in the April 2016 presentation.

Cheers,

A.

[kryptonsnake] 24/4/2017 15:33

Always seem to get people turning up, trying to put a negative spin on things after we get news or a rise in the share price

[impvesta] 24/4/2017 14:59

Agreed it isn't Jay's most fluent performance but in my view the message continues to be positive and I am expecting continued share price growth over time.

[blackgold00] 24/4/2017 14:43

"working hand in hand with the Tanz government"



when's the AGM?

[lowflow] 24/4/2017 14:43

Jay on Stocktube (

Jay should take some presentation technics lessons from James Parsons.

I do see why WAP Thompson (previous director) has been dumping his share over the past months.

[ngms27] 24/4/2017 14:36

I agree with lowflow on everything except I don't think we will see 4p within 2 weeks. There is definitely a base around 5p, so I'm confident it will re-settle around their within two weeks.

[lowflow] 24/4/2017 14:35

kryptonsnake, I am just expressing my view like most people on the board.

Bid down to 5.35p now, this stock is clearly going lower.

[kryptonsnake] 24/4/2017 14:32

You clearly have an agenda here. Maybe shorting AEX? Good luck with that.

[lowflow] 24/4/2017 14:25

If I wanted to buy the stock below 5p, I believe I will be able to do so very soon.
Amniex is among the most overvalued E&P stocks on AIM. The stock had a great run but I think its really coming to the end now.

£195m market cap - for what?

1. 57% interes in Kiliwani North which is only producing at 15 mmscf/d when it was supposed to produced at 30 mmcf/d. Aminex also informed us in the recent year end report at they have pressude depletion issues with Kiliwani which can result in downgrade of the resources and even lower production.

2. Ntorya - gross contingent 2C resources is now 186 bcf. This is well below Wentworth reserves (which are developed) in Tanzania and Wentworth mcap is only a fraction of Aminex.

3. What is the next piece of news? This is the problem with a hyped stock like Aminex, they need to produce new news to hold up the share price. Todays announcement was probably the last piece of ok news the company can deliver.
The potential newsflow from here looks pretty grim:

a) Ntorya production license - it could take over a year to get this license in Tanzania. It took more than a year for Aminex to get the same license for Kiliwani North.
b) Pressure depletion update on Kiliwani North isnt going to be good reading. Reserves will come down and the uncertainty for the future production is significant.
c) Nt-3 well, from todays announce its clear that this well is not going to be drilled anytime soon.

Aminex share price is a one-way train from here. Low 4p in the next 2 weeks.

[bunbooster2] 24/4/2017 14:04

So Kiliwani is 44 BCF GIIP and the SOLO deal valued that at around 30 million dollars. So Ntorya now worth 10 times that.

[kryptonsnake] 24/4/2017 13:35

Lowflow, did you miss out on buying below 5p?

[lowflow] 24/4/2017 13:21

Solo / Amniex comments about traces of oil are just laughble.

Todays resource update hasnt even been audited by a reservoir auditor. Its based on internal modeling. Strange that they are not using LR Senergy for this task...

[kryptonsnake] 24/4/2017 13:17

SOLO still falling. Just had a quick read of their board, what a laugh! Some idiots on there. Trash belongs with trash lol.

[haggismchaggis] 24/4/2017 12:49

Pfffffft, the sdx ramper returns! What's up? Not enough interest in sdx? Best ask yourself why before you go pumping it on other boards!

[milliecusto] 24/4/2017 12:32

Sdx much better buy..

[edgar222] 24/4/2017 12:06

Oops thats floW rates. Obvs.