Aminex Share Discussion Threads

[haggismchaggis] 19/6/2017 12:28

And they said the loan will be paid off soon, so money must be flowing in.

[bunbooster2] 19/6/2017 12:08

Recent interviews have said they have been paid for everything in 2016.

[warbaby43] 19/6/2017 07:49

From 2016 AR:

"Current assets comprise trade and other
receivables of $9.18 million, including the gross receivable of
$5.90 million due from TPDC for gas revenues"

[dan_the_epic] 18/6/2017 09:04

Yeah of course he does. Bet he didn't predict this retreat though

[888icb] 18/6/2017 08:53

On Thursday 15 June Malcy did an interview on iii tv entitled 5 oil share bargains. In the course of that interview he reiterated his enthusiasm for AEX, which is in his list of tips for this year. He sees the current retreat in the share price as a buying opportunity.

[greyingsurfer] 16/6/2017 15:18

So nothing doing till they get a development licence!!!

2019 anyone for NT-3

He doesn't say that, ngms. The, inevitable, requirement for further Ntorya appraisal doesn't mean it can't happen till the license is finalised. And Ritson is almost certainly little or no more in the loop on the decision than we are.

Peter

[slepy] 16/6/2017 08:32

Didn't they say at the AGM they will submit the application for development licence by September? No chance for drilling N3 this year then. If it takes as long as everything else, we should be drilling in couple of years. 2p here we come!

[warbaby43] 16/6/2017 07:36

ngms27 being ever the optimist as usual

[edgar222] 15/6/2017 21:02

Bun

No

E

[ngms27] 15/6/2017 19:44

So nothing doing till they get a development licence!!!2019 anyone for NT-3?

[dan_the_epic] 15/6/2017 19:41

"Solo is developing a track record for generating value from its investments overall"

Ritson, the master of trolling.

[haggismchaggis] 15/6/2017 19:14

SOLO RNS snippets of interest.As a result of the new data from Ntorya-2 the gross most likely in place gas ("GIIP") in the Ntorya discovery was increased by over 200% from 153 bcf in the LR Senergy report in May 2015 to 466 bcf.  Based on this GIIP Solo estimate that the gross mostly contingent resources in the portion of the Ntorya filed proven to date are 186 bcf.  The upside or high estimate gross contingent resources also increased by over 230% to 766 bcf, with the high estimate GIIP of 1.3 tcf.  The Company is fully satisfied that such volumes, now discovered, are commercially exploitable and along with the operator, Aminex, Solo has applied for a 25-year development licence covering the entire Ntorya field area.  An early production scheme involving local use of the gas or its conversion to power or CNG is also under consideration.Once a development licence has been awarded, Solo and Aminex will carry out an approved work programme, yet to be agreed with the Tanzanian authorities, which is likely to include 3D seismic acquisition and further drilling including the Ntorya-3 location.  Solo is currently assessing its options with regards to its future participation in the project.  Amongst such considerations is further proportionate investment, a possible farm-down, or sale of all or some of its 25% interest in the discovery so as to monetise its investment in the Ruvuma PSC and return funds to the Company to invest in its other operations. Kiliwani "US dollar revenues were received from Kiliwani North in line with the GSA"Solo is developing a track record for generating value from its investments overall, with Kiliwani North and Ruvuma both representing successful case studies.  Solo leveraged its equity in Kiliwani North to maintain an interest through to production, and whilst our interest in the asset is relatively small it provides us with sufficient cash flow to cover our corporate G&A costs, which is important to us as an investment company.

[bunbooster2] 15/6/2017 12:42

Edgar - do you know when you will have the time to write your summary?

[edgar222] 15/6/2017 07:53

Solo results out. Have not the time to summarise them here. I read them as nothing is off the table. Seismic and drilling N3 both remain options. They dont know any more than us!(A good thing that Jay runs a tight ship during decision making processes)Cue complaints about "PR", but probably more on LSE than here

[warbaby43] 15/6/2017 07:30

The usual health warning - the Daily News is the government mouthpiece.

[gerryjames] 15/6/2017 07:22

Any mention of them enriching each other Bun? Or daring to be different.

[bunbooster2] 15/6/2017 07:19

WRL operational update -

Received 1 mill from TPDC but still chasing other payments.

Tembo in Mozambique, which is in the Ruvuma basin geographically but across the political boundary, set for Q2 2018 targetting 1.7TCF/219 MMbbls oil and looking for farm in partner.

Good to see more exploration happening in the basin especially for oil. With Solo and WRL both openly touting for a farm in partner will be interesting to see if there is concrete interest in the area and at what price.

[gerryjames] 15/6/2017 07:16

Here's another Company RNS. It's a different style of Company update. The new LGO without Neil Ritson.

"Stronger Together: We are one team, sharing openly and collaborating everyday,

Creative Excellence: We dare to be different, meeting high standards and building our own legacy

Positive Energy: We are self-driven and always improving through our 'can-do' attitude,

Totally Trusted: We enrich each other and grow trust through living common values,

Personally Responsible: We are each responsible for our behaviour, our impact on others and our results."

lol...not a lot happening then.

[warbaby43] 14/6/2017 10:06

When the next World Bank and WEF ease of doing business surveys are published, going to be interesting to see just how many places in the league tables Tanzania drops.

[extrader] 14/6/2017 09:52

Hi warbaby43,

Thanks. I see that TanzGov's policy is 'not to negotiate while debts are pending'.

They clearly don't do irony.

ATB

[warbaby43] 14/6/2017 07:35

Note second para

[paleje] 13/6/2017 09:56

Shore Capital note out yesterday for Solo with a 0.9p target, it touches on AEX several times, link below:-