Aminex Share Discussion Threads

[dunderheed] 26/8/2018 13:43

Ah ok but him being such a generous chap with (aex) advice, hopefully he can make a 're appearance and advise us all where it went so wrong for him?

[stinkypeet] 26/8/2018 13:37

Well Dunder the share price of Aminex had never previously fallen as fast as when he became a "buyer". His "long" CFD contract was probably "stopped out" within a week or two of his opening it.....

Oh the iRonny :0)

[dunderheed] 26/8/2018 12:40

I've just bloody thought.
Where the hell is Ronny Wilkes - either he got the Butlins red coat 'contract' he was after or....

[warbaby43] 24/8/2018 07:31

Well, there's a surprise!

[haggismchaggis] 23/8/2018 09:05

Good news on the rig and Kiliwani. Here's hoping for a return to revenues at Kiliwani soon. Bring on the oil potential at Chikumbi-1 as well.

[sandy12345] 23/8/2018 07:13

Operational update out!

RNS Number : 6224Y

Aminex PLC

23 August 2018

23(rd) August 2018

Aminex plc

("Aminex" or "the Company")

Operational Update

Aminex is pleased to provide the following update on its operations in Tanzania.

Ruvuma PSA

The tendering process for a rig to drill Chikumbi-1 (CH-1) is now complete and the Company has received numerous bids. These bids are being evaluated on their technical and commercial merits. CH-1 is located updip from both the Ntorya-1 discovery well, which tested at rates of up to 20 MMcf/d with 139 bbls of condensate, and from the Ntorya-2 well which tested at a stabilised rate of approximately 17 MMcf/d. The well is expected to delineate the Ntorya gas field in a significantly thicker section of the Cretaceous reservoir system and is also being planned to evaluate a potential deeper exploration target in the Jurassic formation. If successful, CH-1 is expected to be produced into the existing Madimba Gas Processing Plant and ultimately integrated into a full field development programme.

Kiliwani North-1

Pressure at the Kiliwani North-1 well has sufficiently built up and the Company continues to work with all parties to stimulate the production as soon as possible.

Jay Bhattacherjee, Chief Executive Officer of Aminex said:

"The Company continues to progress the completion of the proposed farm out transaction while driving forward operations over its key assets at Ruvuma and Kiliwani North."

Ends

Aminex PLC

Jay Bhattacherjee, Chief Executive Officer [phone]

Max Williams, Chief Financial Officer

Shore Capital

Jerry Keen [phone]

Davy

Brian Garrahy [phone]

Camarco

Billy Clegg / Gordon Poole [phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

UPDUUSBRWOAWUAR

(END) Dow Jones Newswires

August 23, 2018 02:00 ET (06:00 GMT)

[ngms27] 18/8/2018 14:15

Yes good old emptyend :)I'm sure he will Soco it to the board

[kevjones2] 17/8/2018 18:39

Thanks, Pete. Much appreciated.

[stinkypeet] 17/8/2018 18:35

Will do Kev...

And I am very sorry to hear of your brother's own fate.

[dunderheed] 16/8/2018 17:32

greying you're quite right and this certainly is a pi share - hence tends to be slightly over valued (and volatile) versus ii shares as well imho?
The problem is the BOD do not realise what their market is - which at the moment is pi's (hopefully may change if regular income arrives) and some of their recent comments have been obtuse at best, to attempt to maintain 'good market' for the shares.

I was hoping that sages like Malcy 'talking up' the share would boost pi interest (allowing me to sell out!) but I think there is fatigue here - with disappointment to do with deal (always the case that pi over values assets worth versus industry) and with bod pfmce - over the years.
There has been a large hard core of very patient pi's who are leaving or looking to leave at the next available opportunity which could hold the share price back for a very long time.
This isn't because 'they' were not aware of the technical risk - I think there was a general unawareness of the total mess that bod have - over significant time - created for AEX and hence the 'true value' of assets. To see assumed value decimated by this very pfmce and award salary increases, again, will cause a lot of further disappointment.
All imho of course.

[greyingsurfer] 16/8/2018 15:38

Dunderheed,My post was a response to a post talking about troughs, which was not remotely a serious discussion about salary levels.In general small e&ps boards tend to be overpaid in my view, and I don't exclude AEX. However, discussions about correlation between salary levels and share price performance for companies of that sort are generally a waste of time. Small E&Ps are speculative and highly risky, as anyone investing should know. The share price can be affected by a wide range of events and risk factors outside the bod's control. Anyone who can't accept that situation shouldn't be investing in those companiesPeter

[dunderheed] 16/8/2018 14:06

Tournesol - lol!
Did you stumble across that when researching AEX BOD (pre Zubs influences)?

[tournesol] 16/8/2018 14:02

Edgar

I'm sorry to learn that you are afflicted with the Dunning Kruger syndrome. It is one of the worst afflictions that can befall anyone. You have my sympathy.

T

[tournesol] 16/8/2018 13:57

Blackgold

I do know Keith Phair personally and have done for years. He is absolutely straight and as sharp as they come. He will do an excellent job here.

One key point to take on board is that he has invested his own money here. Check out the history of director share purchases. His interests are 100% aligned with ordinary shareholders. That's both unusual and very very welcome.

I sold out of AEX a while ago, but his appointment means I will now be considering returning.

[deanroberthunt] 16/8/2018 13:34

Malcys lost objectivity with this POS.....

[dunderheed] 16/8/2018 13:02

Ok greying fair point re Brexit however do you mind answering my question in response to your earlier post to me?
Perhaps you missed it so I'll repeat...
To Greying:
…"Are you seriously saying the 'BOD' are worth their respective salary packages (b4 recent uplifts) - when looking at share price pfmce to date?
Serious question, please elucidate further?..."

[bunbooster2] 16/8/2018 12:32

Not sure if you're joking but I hardly think they would recruit a new chairman from ADVFN.

[joestalin] 16/8/2018 12:26

RNS out:-

Further to the Company's announcement of 12 July 2018, Brian Hall will step down as Chairman of the Company with effect from 31 August 2018. The Company has commenced a selection process to appoint a new Chairman and in the interim period, Aminex is pleased to announce that Keith Phair, currently the Senior Non-Executive Director of the Company, will become Interim Chairman, with effect from 31 August 2018.

Am I right in thinking that this is EE formerly of this parish?