Aminex Share Discussion Threads

[greyingsurfer] 20/7/2017 11:07

You may prove to be right, ngms. However, the reason for the negotiations on payment guarantees were concerns about getting paid. In practice they are getting paid on a fairly reasonable lag as things are, which is what matters.

It's also not much of a surprise that a commercial level on a take or pay basis of 25-30mmscfd has not been agreed as was originally envisaged. Neither side would have been very happy. TPDC because they don't have a current market and AEX as they might (would)have had trouble maintaining that level. The current situation is better for both sides. Maybe that will change as KN-1 gets reworked and demand picks up - or maybe we'll just go on like this - invoicing monthly in arrears - as long as the payments continue, and at the moment payment rates are improving generally in Tanz, it makes little difference.

Peter

[ngms27] 20/7/2017 10:00

It's a complete sham. AEX agreed a GSA with TPDC that had clauses around monthly payment guarantees plus price rises etc.I'm personally now thinking that the GSA will never be ratified and TPDC will continue to do exactly what they please and continue to shaft AEX until KN-1 is depleted.

[haggismchaggis] 20/7/2017 09:26

Extra gas demand must be Orca maintenance. Makes no difference which pipeline they go into so long as the gas gets to the end user that requires it.

[bunbooster2] 20/7/2017 09:17

It's not Tesco, it's Tanesco. Was confused for a bit about that myself a while back.

[greyingsurfer] 20/7/2017 08:19

I'm confused about the payment guarantee as well.Payment guarantees (prepayment) apply once commercial production rates have been agreed and declared. They haven't yet. How much that's down to TPDC not having demand to take full potential production, or uncertainties over the well isn't clear to me.Currently they invoice monthly and are paid on those. Apparently around 4 months in arrears at present. Not brilliant, but probably around the same as invoicing Tesco or any large UK company.Peter

[gerryjames] 20/7/2017 07:55

Confusing function of an alleged escrow account but you can't beat a British banger. No confusion there. No offense to the Pols.

[blackgold00] 20/7/2017 07:51

very interesting Bun, hopefully all will be reveled before long, re the mysterious gas demand.

[bunbooster2] 20/7/2017 07:46

LFDKMP - I'm confused about the payment guarantee as well.

[bunbooster2] 20/7/2017 07:44

Wonder where WRL are getting the extra gas demand from if AEX are still producing 15 mmfcd as per the RNS.

[blackgold00] 20/7/2017 07:44

animex that's different, i didn't know they branched out into scrummy pork sausages

[haggismchaggis] 20/7/2017 07:26

Neil Ritson, Solo's Chairman commented:

"We are pleased to see that TPDC have made a further US$ payment for our Kiliwani gas sales and that Aminex continue to work with TPDC to bring payments up to date.

The Ruvuma basin modelling study is an important step in optimising the development of the Ntorya gas field and Solo continues to work closely with Aminex on this project.. We look forward to being able to report the results of the study in the coming quarter."

[nerdofsteel] 20/7/2017 07:24

website not working, is this a "sign"

[blackgold00] 20/7/2017 07:24

lol gerry, i'm sure it will be fine in a minuet

[haggismchaggis] 20/7/2017 07:22

New website fail :-D Main page not found :-D

[blackgold00] 20/7/2017 07:20

have i missed something

[blackgold00] 20/7/2017 07:20

have i missed something

[haggismchaggis] 20/7/2017 07:19

Re post 64733. Maybe that's why they are now saying this."Aminex is also re-evaluating existing data over its licence interests around Songo Songo Island to identify further drilling targets which could ultimately produce additional gas into the Songo Songo Island processing plant."

[blackgold00] 20/7/2017 07:18

lets go and have a look at the new web site

[lfdkmp] 20/7/2017 07:14

Today's RNS - Small positives I suppose.

Whatever happened to the "payment guarantees" that were the oft quoted reason, a while back, for delays in the GSA.

Anyone remember the GSA?

[edgar222] 20/7/2017 07:14

Bun: "Knowingly publishing misleading information is fraud"

Nope.

[kryptonsnake] 20/7/2017 07:09

N3 to be drilled around Xmas then?