Aminex Share Discussion Threads

[kryptonsnake] 26/1/2018 12:08

I was just thinking the same yesterday about being close to Feb now, that's another month gone and no decent news.

It's so boring I almost forgot I was invested here. The share price has been flat for months and they are yet to deliver on the things they promised.

[slepy] 26/1/2018 12:03

I seriously wonder if this company will ever deliver. Now almost Feb and still no sign of any news. What happened to our drilling program? Do we even still have Nyuni acreage? I’ve lost track of when and how many extensions we got.

[glavey] 23/1/2018 03:09

Unlikely, they don't use pennies.

[shabbadabbadoo2] 22/1/2018 13:28

Eventually the politicians in Tanz will get jealous of their counterparts in Mozambique driving brand new Mercs. Maybe then the penny will drop.

[warbaby43] 22/1/2018 08:15

While Tanzania's grandiose LNG project withers, down the coast:



and:

[dbfromgb] 19/1/2018 12:20

Solo flying on some reasonable volume today.

[warbaby43] 19/1/2018 11:53

Worth recalling that hanging over the O&G industry in Tanzania is this, no mention of which has been made in the Daily News, the CCM's own paper:

[tmmalik] 18/1/2018 18:13

Some update expected in morning

[warbaby43] 18/1/2018 08:49

Another of those typically Tanzanian grandiose IF it ever happens jobs:



Tanga Region is far north of the country bordering Kenya

[dunderheed] 17/1/2018 13:21

Blimey thanks for that doer - I'm off to sell mine now.

[blackgold00] 17/1/2018 12:04

"aim tip off"?

[doerx2] 17/1/2018 11:47

Back to 2's. aim tip off

[skinwalker] 17/1/2018 09:13

Wonder whether its going to finally turn up its toes now?
Not looking great is it?

[haggismchaggis] 15/1/2018 23:27

Kryptonsnake, If you read the Mike Rego presentation you can see that AEX targeting liquids in deeper targets is following exactly what Mike Rego and the other 4 guru's have worked out.Look also at the images, spot Ntorya-2. The deep-water wells show on the diagram as the East, Ntorya-2 shows as furthest well drilled to the West, and then it shows the up-dip further West where Ntorya-3 will be drilled. In the presentation all the talk is of the oil migrating West, and AEX are following it.

[shabbadabbadoo2] 15/1/2018 20:06

Haggis - Rego said years ago that that there is no oil in the Aminex acreage. I can't remember the full details but he reckoned the oil source was in another area and any shows in the Aminex acreage will be insignificant.

[kryptonsnake] 15/1/2018 19:46

I do hope we hit oil at N3, especially now that oil prices are on the up.

[haggismchaggis] 15/1/2018 18:30

From last year's Mike Rego presentation.

The potential volumes of oil and gas that may be generated from Lower/basal Middle Jurassic source rocks within the onshore and offshore Ruvuma/Rovuma Basin at approximately 50,000km2, put the oil and gas potential into perspective.

Let us take a Lower/basal Middle Jurassic oil prone source rock of 50m thickness, with HI=350, TOC=5%, which will expel a volume of 9.8 MMbbls oil and 32.6 Bcf gas per km2

For a basin of 50,000km2, assuming source rock presence over 80%, i.e., 40,000km2, this is equates to expulsion of 393,800,000,000 bbls oil and 1,303,000,000,000,000 cf gas - (393.8 Billion bbls oil and 1,303 Tcf gas)

If we assume that only 10% of the expelled hydrocarbons become effectively trapped for exploration, this still equates to 39,380,000,000 bbls oil and 130,300,000,000,000 cf gas - (39.38 Billion bbls oil and 130.3 Tcf gas)

If we have a similar source interval in the Permo-Trias, there is potential for a further similar volume; if there is any evaporative fractionation or £cracking£ of the oils to gas, for every 10 Billion barrels of oil there is the potential for a further 6Tcf of gas. o Thus for a basin of 50,000km2, with a total 100m source rock interval from the Permo-Trias and the Lower/basal Middle Jurassic, this is equates to 78,760,000,000 bbls oil and 260,600,000,000,000 cf gas - (78.76 Billion bbls oil and 260.6 Tcf gas)

With 150-200Tcf of gas discovered primarily offshore to date, there are some phenomenal source rocks present, but most importantly, what has happened to 78 Billion barrels of oil, and where is it?



My money is on the oil being at N3 and/or Namisange. AEX say they are targeting liquids.

[bunbooster2] 12/1/2018 13:35

Rising use of gas prompts safety fears after big explosion -

[blackgold00] 12/1/2018 11:32

sorry Shabba, must have had a momentary lapse of reason there : )

[shabbadabbadoo2] 12/1/2018 11:23

Any time now? Get real man, this is Aminex.

[blackgold00] 12/1/2018 11:13

hi Peter, "contract being signed" will certainly do for starters, i would had thought they had found the rig by now? JB stated in that short interview Dec 5th that they were hoping to procure a rig end of last year or beginning of this, so i would hope that a suitable rig has been found and the "tender process is in progress" as stated.

yes totally agree it will take time to mobilize but if they are using the already prepared NT-3 site then a lot of time has been saved and any wet weather will not be such an hindrance once the rig is in-place.

[greyingsurfer] 12/1/2018 10:37

Agreed, BG. However, it's likely that mobilisation will be a slow process - I doubt they will find a suitable rig just sitting around near Ruvuma, so there's almost certainly going to be a significant delay between a contract being signed and drilling starting.

Peter

[blackgold00] 12/1/2018 10:20

"A tender process is in progress for a rig to drill Ntorya-3 as well as for other exploration and development drilling in the Ntorya gas field and potentially other assets which the Company operates in Tanzania. The anticipated spud date for Ntorya-3 will be announced once a rig has been secured."

i guess when this news comes re: rig and it could be any time now, it will inject a good amount of excitement back into Aminex, especially as we start to learn of the potential targets, which i believe will be not only the known Cretaceous but Jurassic target as well.