Aminex Share Discussion Threads

[haideralifool] 18/7/2018 08:56

SoneFold, the Zubs interest in AEX (imho) is a London main market listing.

This allows them to access capital markets in the future for any projects that they would like to fund that way.

By the same measure while they won't make AEX shareholders unnecessarily rich, they do have to leave something on the table to encourage future investors to take part in fund-raisings.

[dunderheed] 18/7/2018 08:29

That's business, well the o&g business anyway, matey.

[warbaby43] 18/7/2018 07:44

Book now, but just be careful, very careful, what you say when you get there:

[ronwilkes123] 18/7/2018 07:20

But with solo ?

[blackgold00] 18/7/2018 07:11

but will be renewed

[ronwilkes123] 18/7/2018 07:09

In a psa that has lapsed

[cperkin] 18/7/2018 07:01

Wrong ron…"the rights it holds" breathe and enjoy your day ;)

[ronwilkes123] 18/7/2018 06:47

The rumuva psa has lapsed cperkin - I wouldn’t hold my breath

[cperkin] 18/7/2018 06:32

Thanks Dunder ref 68982 will have a look. The pre-emption rights are available as per the quote from their RNS and interview this week.

"Solo is currently reviewing its position and options, for example on the pre-emption rights it holds under the Joint Operating Agreement covering the Ruvuma PSA."


But seriously, I expect nothing from that as they concentrate on funding the $15 million to get into production as per below from the same RNS


"Solo is in early stage discussions with a major bank on the provision of project financing for the development of the Ntorya field from completion of the planned Chikumbi-1 appraisal well until the development reaches at least 40 million standard feet per day ("mmscfd")."

[dunderheed] 17/7/2018 23:07

Reserved for Saul Goodman.

[dunderheed] 17/7/2018 23:06

Blimey I hadn't noticed.
Whilst I'm here.

[rich2006] 17/7/2018 22:19

Hmmm
Onshore seismic and offshore seismic economy of scale.
Seismic trucks have a tendancy to sink when trying to float on water. Faster than the Aex share price
:)

[haggismchaggis] 17/7/2018 21:56

I'm thinking it likely that ARA will partner on Nyuni. They are already planning 3D seismic over Ruvuma, so why not add Nyuni to the schedule and save money via economy of scale? Same farm-out deal as Ruvuma? Leaving Aminex as fully carried on the first well, and operators of Kiliwani as it's too small for ARA to be interested, plus Aminex will get the new license for Lindi with ARA and leave out Solo as they are not interested in more Tanzania acreage, they want to farm down.

[haggismchaggis] 17/7/2018 21:55

Nope, Bounty have it.

[red rook] 17/7/2018 21:45

I hope for AEX's sake that SOLO do not have the remaining 6.6667%

[haggismchaggis] 17/7/2018 21:42

We'll be getting $30m to $35m NET in 2-3 years, we'll get dividends, there won't be any more dilution, it's a great deal to cap off the years of Ruvuma exploration, leaving us to concentrate on our other licences. Nyuni could be just as big as Ruvuma for us, or way bigger, with Gross Mean unrisked GIIP of 4,858 BCF, and we have 93.3333% of it!!

[dunderheed] 17/7/2018 21:32

Agree red rook.
It depend's where judgement take place and if it has international arbitration attached becayse yes you're right nothing simple.
However equally I've worked on projects where companies have become insolvent and it was surprisingly quick how they reacted in an attempt to survive.
In this case if 'we' were able to come up with the one third shares of solo default then we would just get on with it. If they then get funding we charge them a risk adjusted interest rate and if they don't, it could probably get sorted out in courts prior to revenues.
My major concern is who is paying govt share Lol!!

[red rook] 17/7/2018 20:41

Sorry Dunderheed,
I added an example in the above post that came after yours, see above case of Panoro Energy. All I'm saying it's not as straight forward and clear cut as some think !

[dunderheed] 17/7/2018 20:36

Actually redrook it could be done and dusted in 6 months. I also added to my post above caveating 'normal' ts and cs.

[blackgold00] 17/7/2018 20:36

interesting Dunder.

[red rook] 17/7/2018 20:34

That's the point. It would be a drawn out affair. Its not a simple matter that SOLO will just reliquish their share. It will get draged out in the courts. It will cause delays to timelines that will have an impact on AEX also. That is usually the case when such a situation occurs.
For example, in the case of Panero Energy, a partner on the offshore Nigerian Aje Field held up payment and dragged out the case in court, and disputed the monies they were expected to pay the other partners. After a lot of delay they still held on to their share and the other partners had to accommodate them.

[dunderheed] 17/7/2018 20:32

Normally issue a non payment notice after about 30 days then, if no money received get the reallocation court approved. Easily done in 6 months. Each party pro rates their share of cash called to solo in interim period.
This is extreme application of contract (law) and really only occurs after JV is effectively broken down. These are normal ts and cs but may be different for this jv of course.