Aminex Share Discussion Threads

[dan_the_epic] 25/7/2017 14:39

Bun has a very clever sense of humour.

Top marks

[blackgold00] 25/7/2017 14:01

BunBooster2 25 Jul '17 - 13:35 - 64812 of 64814

"Blackgold - can you edit your post please. The original link got messed up. Please remove the link from your post."

what, not again Bun, you done this last year, you must be more careful and remember what head you have on : )

[bunbooster2] 25/7/2017 13:39

Sorry warbaby. Posting the article outside of the interfax website would be a copyright violation. This is illegal under British law.

[bunbooster2] 25/7/2017 13:35

Blackgold - can you edit your post please. The original link got messed up. Please remove the link from your post.

[warbaby43] 25/7/2017 13:03

Does anyone have an Interfax subscription or can find the full piece any other way?



For some time I've believed the LNG project to be as good as dead or, at best, no go until late next decade. Indeed, it might well be that in the longer term the best thing for the likes of Aminex would be for one of the majors to pull out on the grounds that Tanzania is no longer a fit place for private sector international investment.

[ngms27] 25/7/2017 12:23

Given the previous debate it certainly is ;)

[blackgold00] 25/7/2017 12:13

interesting username their Bun, at the end of that link


BunBooster2 25 Jul '17 - 11:57 - 64808 of 64809 0 0

Dollars -

[blackgold00] 25/7/2017 11:17

$190bn ? expect they meant Tanzanian Shilling didn't they, and how much would that be?

[bunbooster2] 25/7/2017 10:36

This is why nobody takes you seriously Dan. A 190 billion charge equivalent to 200 years revenue is hardly small or a "slap on the wrist" (or whatever crude innuendo you're trying to make). To think that this could happen to other companies operating in Tanzania... oh...

[dan_the_epic] 25/7/2017 10:06

Just a small fine and slap on the wrists for Acacia then

[gerryjames] 24/7/2017 07:55

Not since consolidation!

"Furthermore, any Shareholder holding fewer than 20 existing ordinary shares as at 24 July 2017 will cease to be a Shareholder of the Company."

That's a million down! diluted over 10 years.

[bunbooster2] 24/7/2017 06:05

Anybody excited about the SOLO AGM? I hear from reliable sources it will be TODAY and I've got a hunch that there will be some discussion regarding the AEX/SOLO crossover assets. Could be VERY interesting.

[bunbooster2] 22/7/2017 12:41

Oh, ok. Good.

[blackgold00] 22/7/2017 09:18

Bun, i believe under John Magufuli that things of this kind have and will further improve.

[bunbooster2] 21/7/2017 13:18

The problem is corruption.

[greyingsurfer] 21/7/2017 13:05

Well it is gong in the right direction for us in the sense of a transfer from oil to gas progressing.A booming economy would be good too though!Peter

[warbaby43] 21/7/2017 12:22

Not really blackgold, anything but in fact, with private sector activity declining alongside large falls in the import of capital goods and a large decline in manufactured exports.

[blackgold00] 21/7/2017 07:35

yes warbaby, their economy is slowly but surly going in the right direction.

[blackgold00] 20/7/2017 13:18

news out for UKOG ?

[blackgold00] 20/7/2017 12:44

ah, did you mean Orca's SS gas? no not the “Additional Gas” that is Orca's to sell, the “Protected Gas” belongs to TPDC



"The Company’s principal operating asset is its interest in the PSA with TPDC and the Government of Tanzania in the United Republic of Tanzania. This PSA covers the production and marketing of certain gas from the Songo Songo Block offshore Tanzania.
The PSA defines the gas produced from the Songo Songo field as “Protected Gas” and “Additional Gas”. The Protected Gas is owned by TPDC and is sold under a 20-year gas agreement (until July 31, 2024) to Songas. Songas is the owner of the infrastructure that enables the gas to be treated and delivered to Dar es Salaam, which includes a gas processing plant on Songo Songo Island."

"Songas utilizes the Protected Gas as feedstock for its gas turbine electricity generators at Ubungo and for onward sale to customers. The Company receives no revenue for the Protected Gas delivered to Songas and operates the original wells and gas processing plant on a ‘no gain no loss’ basis.
Under the PSA, the Company has the right to produce and market all gas in the Songo Songo Block in excess of the Protected Gas requirements (“Additional Gas”) until the PSA expires in October 2026."

[blackgold00] 20/7/2017 12:26

yes, and both parastatal

[ngms27] 20/7/2017 12:25

I thought TPDC supplied Tanesco ?