Aminex Share Discussion Threads

[ngms27] 11/7/2017 09:23

The fact they have had to pay for expensive Consultants to work out how to commercialise the gas tells you all you need to know.I.e. There is no demand for the gas from TPDC using the pipeline for the foreseeable future.

[blackgold00] 11/7/2017 08:28

well considering all of the criteria below when applying for a Development Licence, i believe Aminex are right on the ball



ARTICLE 9: DISCOVERY, APPRAISAL AND DEVELOPMENT

(i) Within one hundred and eighty (180) days after the declaration of commerciality
pursuant to sub-article (j), draw up a proposal for a Development Plan in
consultation with TPDC which shall accompany the application for a Development
Licence per the requirements of Section 35(1) of the Act
(ii)
(iii) be designed to ensure the recovery of the maximum quantity of Petroleum from the
proposed Development Area which the economics of the Development shall justify
and it shall be designed in compliance with best international petroleum industry
practices;
(iv) contain detailed information on matters of economic, financial, geological, reserves,
technical, operational, health, safety and environment in accordance to Section 36 of
the Act, including:
(a) a description of development strategy and concept;
(b) an economic assessment of the different development methods, estimated
investments , operational costs and selection criteria;
(c) a plan covering the total development to the extent possible where the
development is proposed in two or more phases;
(d) an assessment of capacities of facilities;
(e) assessment of possibilities for tie-ins, third party access and unitization;
(f) area studies for the possibility of co-ordination of Petroleum Operations;
(g) proposed drilling and well completion plans;
(h) geological parameters and reservoir engineering methodology;
(i) facilities for production, storage, transportation and delivery of Petroleum;
(j) information on facilities for utilisation or processing of Petroleum;
(k) the relevant Delivery Point(s);
(l) an assessment and presentation of the possible outlets for Natural Gas
from the discovery in question, both on the local market and for export,
together with an evaluation of the necessary means for its marketing, with
due consideration to the sale and marketing of the Government’s Profit
Gas;
(m) a development schedule;
(n) a long term production schedule;
(o) a description of technical solutions including possible solutions for
enhanced recovery of petroleum;
(p) solutions aimed at efficient use of energy, and the prevention and
minimisation of environmentally harmful discharges, flaring and
emissions;
(q) a method for disposal and use of associated gas where applicable;
(r) information on systems for ensuring compliance, including information on
the planning, organization and implementation of the development;
(s) information on operation and maintenance;
(t) a financing plan for the development;
(u) a description of fiscal metering systems;
(v) Petroleum marketing plan;
(w) a health and safety compliance system and plan;
(x) an emergency preparedness and environmental risk management plan;
(y) information on site-clean up, abandonment, decommissioning and
disposal of facilities; a decommissioning plan in such detail as the
Minister requires, including a calculation of the decommissioning costs, the annual amount in the decommissioning fund, and the proposal for
financing of the decommissioning obligation;
(z) information on any applications for permits and licenses required pursuant
to applicable legislation in connection with Petroleum Operations related
to the Development Plan;
(aa) a local content compliance system and plan including an employment and
recruitment programme and a technology and know-how transfer plan;
(bb) a security management system and plan for protection against deliberate
attack; and
(cc) any other matter which the Minister may direct to be included in the
Development Plan
(v) TPDC may within ninety (90) days of receipt of the Contractor's Development
Programme, make proposals or amendments on the Contractor's Development
programme to the extent that the Development programme meet the requirements of
Section 36 of the Act;

[blackgold00] 11/7/2017 07:41

Start of Ntorya gas commercialisation study 'a big milestone' for Aminex - CEO Jay Bhattacherjee

[gerryjames] 11/7/2017 06:57

Barnetpeter, yes but it's Tanzania. That's the problem. Nobody trusts them, they don't trust each other.

If only a poster could see into the future and tell you what to do. Have predictions, know what the management is thinking and be good at charting, that sort of poster.

[barnetpeter] 10/7/2017 23:40

oh and nuog is a bunch of poo...but I am still in

[barnetpeter] 10/7/2017 23:39

cannot see how it is going wrong myself.....debt free. A buyer at these levels and down to 2.5p I guess.

Aminex PLC ("Aminex" or the "Company") is pleased to announce that it has repaid its corporate loan facility in full and is now a debt-free producing company. The Company is arranging the release of fixed and floating charges, which comprised the security package for the loan.
Aminex confirms, following the exercise of warrants in May 2017, that all outstanding warrants have now been exercised and anti-dilution provisions are no longer applicable. These warrants were issued as part of the corporate loan agreement.

[kryptonsnake] 10/7/2017 23:09

Another RNS, another drop in share price I see a pattern emerging lol

[skinwalker] 10/7/2017 22:13

I get the feeling that Jay & Co haven't got a clue what they're doing, with no idea of what to do next. Headless chickens doesn't get close. Probably have one eye firmly fixed on their fat-cat salary and trying to work out how long they can keep drawing before they're rumbled.

[haggismchaggis] 10/7/2017 22:10

Whoppy, that's your biggest whopper so far! The study is to monetise the gas from N1 and N2, it's got nothing to do with future wells. We already know NR says N2 should flow at several times what it tested at, and that is definitely enough gas to warrant a monetisation study.

[whoppy] 10/7/2017 21:26

They haven't drilled enough wells to do a gas study. This is total BS.. hence the drop in share price They need to get on and drill more wells. One a year is just not going to get this going anywhere. The government will take 50% when they feel like it. AEX and SOLO haven't a clue. Both Jay and Ritson are drowning men, as can be seen by the markets reaction, everytime they release so called news. Shareholders need to sort them out. Aren't you sick of everyday falls in sp?

[kryptonsnake] 10/7/2017 20:10

Jays head looks huge in that video, almost like his head is full of gas!

[lfdkmp] 10/7/2017 17:56

From the horse's mouth:

hxxps://youtu.be/ZJQcXSL1tuk

(need to change hxxps to https )

[haggismchaggis] 10/7/2017 17:18

If we're going to do 3D seismic over N3 we'd better hurry up and sign that agreement with the provider, or we'll not fit the drilling into September. Today's news is very bullish I think, as it tells us AEX and SOLO are confident that we can sell gas and/or power (GE make and lease power plant and are in the deal) from N2, well before the gas is fed into the big pipeline.

[kryptonsnake] 10/7/2017 16:36

I can see N3 being drilled around September. That's when most traders come back from the summer break so it should help us reach a decent level.

We moved from 2p to over 7p on the N2 drill. When we drill N3 we will be in a much stronger position compared to pre N2. Hopefully we will push past 7p with ease.

[greyingsurfer] 10/7/2017 16:08

ngms, as I see it, NT-3 will form part of the development plan, so it wont be drilled just yet.No, I wouldn't think so, BG. N1/N2 are a significant development, and will continue to move ahead. N3 is both a potentially much larger gas resource and also possibly oil. Since the extent of either of those is currently unknown it's not likely viable to produce a sensible development plan for the whole of Ntorya. There will have to be more appraisal. And then presumably/hopefully further development.There are also the licence conditions to consider, though those are no doubt under discussion.N3 will be drilled once the reservoir model is updated, and if they decide it's needed/justified, a new rig is mobilised.Peter

[blackgold00] 10/7/2017 15:55

ngms, as I see it, NT-3 will form part of the development plan, so it wont be drilled just yet.

[robo44] 10/7/2017 15:35

There is plenty of very good news behind aex now to push it much higher now it has filled the gap at 2.79p

[ngms27] 10/7/2017 15:24

It will continue to fall on lack of material news.The market would prefer they drilled NT-3 rather than nothing even if they aren't trying to locate oil.

[kryptonsnake] 10/7/2017 14:52

Hope so, but if it does hit 2p I'd probably buy some more. I'd say we should be a lot higher towards year end.

[robo44] 10/7/2017 14:33

It filled the gap last week at 2.77p

[robo44] 10/7/2017 14:30

It wont go down from any lower than 2.8p it has just come back down to fill a gap at 2.79p its upward from here.

[greyingsurfer] 10/7/2017 14:29

I think that's a bit unfair greyingsurfer. They've literally just released an RNS today detailing a consultancy agreement towards early monetisation of Ntorya.

Quite so, BB. Read my now edited post - that was a quote from a post I was responding too, but unfortunately, ADVFN decided to remove my response, not for the first time!

Peter

[kryptonsnake] 10/7/2017 13:57

Anyone else get the feeling we will get close to 2p before we actually start to move up again?

[bunbooster2] 10/7/2017 13:53

I think that's a bit unfair greyingsurfer. They've literally just released an RNS today detailing a consultancy agreement towards early monetisation of Ntorya.