Aminex Share Discussion Threads

[blackgold00] 31/8/2017 09:25

"For we can fly, we can fly Up, up and away"

[haggismchaggis] 31/8/2017 09:10

Up Up Up :-)

[nsk1] 30/8/2017 19:13

5% a day indefinitely, I will be happy with that lol

[skinwalker] 30/8/2017 18:34

No, not the Empire State, not with that chimney.

[slepy] 30/8/2017 13:50

I admit that I did get a quote on my trading shares.

[lfdkmp] 30/8/2017 13:46

Thanks, slepy.

For a moment I had one finger over the sell button and one finger over the buy button.

Think I'll just hold though.

[slepy] 30/8/2017 13:34

No such concern LFDKMP. Never happened to Aex.

[lfdkmp] 30/8/2017 13:15

Are there any other long term holders who are concerned that today's rise might precede tomorrow's fall?

(or has ngms finally moved on)

[lfdkmp] 30/8/2017 09:28

"Up up up :-)"


Balloons by Up Up and Away

17 Newlands End North Ind. Est., Basildon SS15 6DU

[risk1] 30/8/2017 09:26

Rofl

Time will tell of course re your building

[skinwalker] 30/8/2017 09:20

Empire State Building?

[haggismchaggis] 30/8/2017 09:16

Up up up :-)

[skinwalker] 29/8/2017 17:44

MikeBoy - your LSE Range 'fat one' is a paid ramper.

[haggismchaggis] 29/8/2017 09:29

Up we go again.

[jamiedodge] 29/8/2017 06:47

Message to self.... Never read Bun's bank holiday posts with a mouthful of coffee. Messy.

[edgar222] 28/8/2017 21:27

Hope you are right Blackgold.I was only publicly correcting my own wrong memory of what "early September" referred to.Totally agree that the news to come is enormous.

[blackgold00] 28/8/2017 19:44

"I am less confident of basin model news in early September. The "early September" that Jay mentions is for 25 year development licence application (which when in is a foregone conclusion and administrative rubber stamp for reasons to do with the regulations governing such applications)".

well I'm not so sure with that edgar I think there's a bit more to it than that, and I think substantial news not to far away

from half year results

"Ntorya-2 completes the appraisal drilling obligations for the Ntorya location area.
The Company will apply for a 25-year development licence
over the Ntorya prospect and is currently preparing a
development plan to be submitted to the Tanzanian authorities
for approval."

"To allow for an efective review of the Ntorya-2
well results and development licence application, Aminex
is requesting a further extension of time for the Mtwara
Licence within the Ruvuma PSA. Discussions are ongoing
simultaneously on an extension of the other part of the
Ruvuma PSA, the neighbouring Lindi Licence, which ofcially
ended in January 2017, as the Ntorya-Likonde prospects
straddle the licence boundaries and development may be
conducted in both licences for greater efciency. The Board
has a reasonable expectation of achieving a favourable
outcome with the Tanzanian authorities."



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;

[bunbooster2] 28/8/2017 14:06

At Songo Songo Orca have 455 BCF net to them.

[edgar222] 28/8/2017 13:33

What sort of asset size are we talking in the Swala / Orca deal, Bun?

[bunbooster2] 28/8/2017 13:26

Regarding the share price the outcome of the mooted Swala-Orca deal is going to be a significant piece of news (which doesn't seem to be garnering much interest on the boards for some reason). They talking up to 130 million USD for a minority stake. So the final price and percentage will allow us to put fair figure on the worth of AEX. In Tanzania we've only seen offshore sales and Solo taking a small stake in KN-1. We've also seen Tullow and RAK just walk away from Aminex assets for zero. So a major 100+ mill deal will be very telling.

[edgar222] 28/8/2017 13:04

It is still August. Known as the silly season in political reporting so tell me if I am just filling in the gap in news here and have left reality.

Having looked again at the recent interviews (all on the new Aminex website) I am less confident of basin model news in early September. The "early September" that Jay mentions is for 25 year development licence application (which when in is a foregone conclusion and administrative rubber stamp for reasons to do with the regulations governing such applications).

If (and this is my silly season starting) there was a party out there who wanted to buyout Aminex because they liked what they had seen so much (cough....Zubair....cough) then they could not do so before the 25 year licence was granted.

They would also prefer to pay less rather than more for the remaining 70.1% of the company they don't already own. Which would be a reason to not release the updated basin model and huge target/reserves upgrade that will go with it.

That does not explain why the Aminex directors would go along with that though and I am emphatically not suggesting dishonesty, bad faith or poor practice on the part of the team (who I trust).

Of course the reasons for the wait may be more mundane. That basin models across such a huge area (it is not going to be limited to Ntorya) take time and they genuinely don't know yet if N3 is going ahead or where it should be.

I have been so concentrating (since February) on N3 and more drilling that I had taken my eye off the early production ball. Of course, Aminex now have three wells that they can produce from (KN1, N1 and N2) and assuming a market for all the gas they can produce they could have an income of circa $45m p.a.

I honestly think all these strands are coming together (perhaps the buyout one is a bit less evidenced) slowly. I honestly think this quarter to Christmas could see real activity. I just hope the share price reflects what is going on.

I am still of the view that it is worth 6-8p now and with not very much more news is 10p plus.

GLA

[kryptonsnake] 28/8/2017 12:49

Boosting Buns on bank holiday is banished. Back to bed!

[bunbooster2] 28/8/2017 12:45

The lack of trading action today tells its own story. Aminex directors listen to the people who own this company!!!

[warbaby43] 27/8/2017 07:56

Industrialisation - wot industrialisation?