Aminex Share Discussion Threads

[ronwilkes123] 27/6/2018 21:20

I note as well the person on these boards rumoured to be connected at aminex calling other posters morons on another board today. I've always thought it odd him continuing to post on here if it is him, again it is not confirmed in anyway it is, I'll make that clear.Cperkin actually operational progresssuch as a licence renewal or a drill, rig contract - there hasn't been anything for 18 months. If the pattern for quarterly beginning updates is followed don't you guys get news on Monday

[nicky21] 27/6/2018 21:20

buy clon

The Sage27 Jun '18 - 09:54 - 7868 of 7882
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Is anyone going to the AGM on Friday? I normally go but this year I can't make it due to family and health reason. I heard a whisper that they might be close to signing a deal in Ghana. any feedback would be much appreciated.

[cperkin] 27/6/2018 21:09

No results in 18 months is a bit of a stretch of any ones imagination, bearing in mind NT-2 results were April 2017 + CPR this year producing an 11 times increase in contingent resources + basin model, development study and 25 year deveopment licence application Blah blah blah. But yes the operational pace is Glacial, but without a licence why spend more?

[ronwilkes123] 27/6/2018 19:07

Meant to say how they could morally draw a salary effectively for no results would be baffling

[ronwilkes123] 27/6/2018 18:54

If there isn’t anything in July, some of the bod should be looking to quit imo. How they could draw a salary with no operational progress in 18 months is crazy imo

[kryptonsnake] 27/6/2018 18:23

Major downtrend here at the moment. We need some good solid news, maybe transformational news to get this to move up, and stay up

Hopefully something in July.

[blackgold00] 27/6/2018 18:09

i doubt it ron, not without any news being released first by AEX, but then again Solo do have a way with words. home again : )

[ronwilkes123] 27/6/2018 17:54

Spoke to the pr guy from solo today. Seems their year end accounts will definitely be out tomorrow or Friday. Wonder if there will be any updates on kn1 or rumva

[shabbadabbadoo2] 27/6/2018 14:09

A sensible post? On here? Could you repeat any please as I don't see them...

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Eh eh
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[rich2006] 27/6/2018 09:59

Must be reading the wrong Bb
Sensible post on the Aex bb
Hmmm

[ronwilkes123] 26/6/2018 20:54

Certainly the operations report in the H1 report for fy2018 will be short

[ronwilkes123] 26/6/2018 19:41

Though the last trade on aminex today was an uncrossing trade so doubt it will open down there in the morning

[ronwilkes123] 26/6/2018 19:40

If this well was in Mozambique there wouldn't be an issue

[cperkin] 26/6/2018 19:32

Yes seems some are making a full meal of the news black out. Still Solo have Horse Hill flow testing about to start to fill the news gap whilst waiting for Aminex and the Zubairs and the Tanzanian Gov to decide on their collective gas powered future.

[ronwilkes123] 26/6/2018 17:05

Cperkin I noticed a mistake by drewky earlier I believe he used aminex only revenue for kn1, the actual revenue for the well is far higher than 11million isn't itThe royalty charge appears to be 20% which doesn't appear that far fetched.Clearly there is some issue, solo has fallen off a cliff again and aminex has had a bad finish too.

[cperkin] 26/6/2018 16:28

Sorry not give away but sell I should say.

[cperkin] 26/6/2018 16:27

You are quite right Ron, Aminex had to give so much of KN-1 away to get it into production they are only liable for just over half the full amount.

[stinkypeet] 26/6/2018 12:38

Because the outstanding figure is not the principal issue, only a contributory factor; The underlying question related to my original suggestion that until funding is in place AEX could not or would not commit to a drill for C1 - the outstanding claim from the TPDC simply adds to that problem.

Some have also suggested that until the "debt" issue has been resolved the TPDC are not moving on the many and various outstanding issues (licensing and KN1 etc) ; hence, yet again, the amount that is outstanding to AEX is not the material issue it is the resolution that is important.

That said Ron you are quite right.

Worth noting though that AEX acts as the collector of all receivables and payee of all outgoings for the "partners" in the Kiliwani concession so it may be that AEX have to "manage" any cash flow issues that result.

[ronwilkes123] 26/6/2018 12:14

Can I ask a legitimate question pete and cperkin Why are you guys talking as if aminex owes the full 6.5mill in the royalty case. It doesn't, the share for aminex is 2.6million isn't it as stated in the aminex year end accounts ?

[bunbooster2] 26/6/2018 11:12

LNG plant set to begin construction in 2022 -

Not sure what that means for Aminex. If some value could be unlocked from the off shore acreage (Jodari) that would be huge but it looks like enough gas has already been discovered offshore.

Interestingly I was visiting a client today and noticed the Bounty Oil and Gas office a few levels above. Felt like popping in and asking about current plans!

[dunderheed] 26/6/2018 09:17

Normally (if govt can't or does not want to pay 'upfront') it would be part of the cost oil/gas recovered in a manner negotiated with government.
That adds to the 2p reserves as well, rather than be seen as a government debtor.
Again who knows with aex lol!!

[stinkypeet] 26/6/2018 09:05

Yes I believe so CP but then again, as we have discussed before in the other place, that "debt" is unenforceable in Tanzania hence the reason that it does not appear on the "balance sheet" as a debt. Even if it were it would be commercial suicide to try and enforce it.

[cperkin] 26/6/2018 08:59

Ok, thanks both, we wait then.

Interesting point about the $5.97 million, do the TPDC not still owe Aminex for the 5% back in stake @ KN-1 as well?

[stinkypeet] 26/6/2018 08:53

But CP without resolution of the outstanding payment of $5.97 million claimed by the TPDC the current AEX cash pot is ZERO! Even the $6 million they claim to have is predominantly in "cash like instruments" and not cash and that is "on loan" at subsidiary companies.