Aminex Share Discussion Threads

[greyingsurfer] 17/7/2018 11:55

But I think this also underlines the fact that there is no such thing as a free lunch. If ARA have rigs available in the region, as a major shareholder the Zubairs surely could have helped AEX source one last year?

Perhaps, but cash was also an issue. With KN-1 under delivering they would have needed a fund raise - and that's without starting to think about an EPS, seismic etc.

Certainly true that the Zubairs had the upper hand in the negotiations though!

Peter

[greyingsurfer] 17/7/2018 11:53

Thanks tmmalik, good to see they've got it up.

[blackgold00] 17/7/2018 11:19

it was, only a pretty picture, though it looks like they've made it more prettier now : )

[onedaysoonmaybe] 17/7/2018 11:06

Certainly seems bigger than the last presentation where it was shown.

[blackgold00] 17/7/2018 10:40

i fancy that Jurassic target on slide 13 is getting bigger.

[tmmalik] 17/7/2018 10:28

25 years license is next updateI guess next month

[tmmalik] 17/7/2018 10:26

Presentation RNS

[haideralifool] 17/7/2018 10:05

Peter, I was quite sanguine that the presentation was after market hours and was expecting to see an RNS at 7am. Gobsmacked that there wasn't. I think there was material detail there.

About your point regarding 3D. My concern was that if they let the rig go after the 1st drill will we have another long wait till we get another rig but given the change in operatorship AIUI our rig availability problems are now over.

[Speculation] But I think this also underlines the fact that there is no such thing as a free lunch. If ARA have rigs available in the region, as a major shareholder the Zubairs surely could have helped AEX source one last year? The fact that they did not suggests to me that they were just sweating out the AEX BoD to get a better deal for themselves.

Sorry, no questions at least from me about KN-1 and none that I overheard from others. There may have been a question in the open forum, but I missed it.

I think 1-2 people from the LSE forum had a chat with him while another company were presenting, but I was not party to that. It may have been one of them who asked in the open forum.

Re, your point about extra cash. JB was emphatic that extra cash would not be needed for Ruvuma, but that stress effectively meant that cash may be needed for other purposes and perhaps that explains the weakness in the share price

[haideralifool] 17/7/2018 09:44

I think the issues at NT-2 illustrate the challenges of AEX operating in that region. Apparently the service co. took a decision about the drill without approval from the company and made a mistake,

AIUI they paid a financial penalty, but given what was at stake, AEX still took a hit. I'd hope given their size etc. ARA won't be subject to that kind of problem.

[haideralifool] 17/7/2018 09:38

oops Bun, I think I should have said iron sulphide

[blackgold00] 17/7/2018 09:33

Don't be a fool Bun, fools gold

[blackgold00] 17/7/2018 09:30

yes i can understand that Hiader, as the NT-1 well has a flow rate of 20 MMcf/d, perhaps then they are satisfied with that, with-out further work/costs. and as i see it, it would have deeded a side-track which would had been costly with also the risk element that would go with it.

[skinwalker] 17/7/2018 09:27

Don't be a fool Bun

[bunbooster2] 17/7/2018 09:25

Wait a minute! Iron pyrite - otherwise known as gold. We're rich! Deedle dee!

[haideralifool] 17/7/2018 09:18

blackgold00

IIRC we should not expect a very great deal from NT-1.

When Jay made this comment there were other people there and I assume a couple who are posting on the lse forum, perhaps they can clarify.

[gerryjames] 17/7/2018 09:17

Nor me...would be nice if haider's perception is right.

[blackgold00] 17/7/2018 09:07

interesting Haider, so re-drill? any talk of expected flow rates and any plans for NT-1. THANKS

[gerryjames] 17/7/2018 09:02

Well not many but who...7000 registered holders. So yes be pedantic.

[haideralifool] 17/7/2018 09:01

edgar, but apparently re-entry into N2 won't be straightforward, they have a solution in mind and could involve deviating (AIUI), but the service company took a shortcut the first time around.

gerry I also asked about long lead items, which they have ordered. My understanding from the answer (overall) is that they are not hanging around - so my 2+2=5 is that govt approval is a done deal.

Perhaps I am muddying up sentiment from this board with what I heard yesterday, but I think hanging around for decisions, supplies etc. may be a thing of the past.

[blackgold00] 17/7/2018 08:59

i don't expect many sold out on the spike

[gerryjames] 17/7/2018 08:57

Sorry Edgar.