Aminex Share Discussion Threads

[joestalin] 23/12/2018 12:49

Happy Winterval and a prosperous new year to one and all.

And....roll on Brexit!

[kryptonsnake] 23/12/2018 10:14

Merry Frackin Christmas!

Is that better Bun?

[bunbooster2] 23/12/2018 09:55

Can I just remind everyone that many people find the phrase "Merry Christmas" offensive. There are people of many backgrounds on this bulletin board and I think I speak for all of us when I urge respect and tolerance at this time of year.

[greyingsurfer] 22/12/2018 13:26

The Providence story is complete bullsh&t. There is no way geothermal energy installations under sea can make economic sense. The costs of drilling, remote undersea turbines, which somehow have to be serviced regularly etc etc. OTOH, AEX's wells are onshore which would make a scheme of that sort more possible - though I suspect still of no real value compared to recovering HCs!

[flyingswan] 22/12/2018 10:17

When Aminex is drilling it is also important to be aware of Geothermal Energy. I never found out what was at the bottom of the well - which Aminex drilled with Tullow Oil, other than it was very high pressure.

Providence Resourses was drill off the coast of Ireland, but hit hot water rather than oil, read the article for full into:

FS

[slepy] 22/12/2018 09:33

Isn't it every year that Aminex releazes something decent before xmas and then disappoints all year? 😂

[warbaby43] 22/12/2018 08:44

Now in Magufuli's Tanzania what's most likely to win the day - socialist ideology or tax generating commercial reality:



The piece does give a window though on what AEX is going through on the licences

[warbaby43] 22/12/2018 08:25

The skimming will start "soon"



Must be to get ready for all the O&G personnel flying in and out - if there is any of the cash left in Tanzania for the actual construction work.

[paulhgreen] 21/12/2018 14:31

Lets hope its a better year for Aminex and Solo oil

PG

[greyingsurfer] 21/12/2018 14:01

And you BG

[blackgold00] 21/12/2018 13:51

Merry Christmas, one and all

[gerryjames] 20/12/2018 07:52

Thank-you gents. Fair point about the money. It was meant to be from KN-1 revenue. Hopefully it wont be too long to wait. Splutter.

[skinwalker] 19/12/2018 20:58

Yes fireplace, there was some serious partying between neanderthals and homo sapiens about 30000 years ago.
Personally, I think Neanderthals have had a bad press, and homo sapiens are well over-rated.

[blackgold00] 19/12/2018 16:09

my brackets


"The Chikumbi-1 well is located within the Mtwara Licence of the Ruvuma PSA, in Southern Tanzania, approximately 4 km west of the successful 2017 Ntorya-2 appraisal well, in the onshore portion of the Ruvuma Basin."

"Chikumbi-1, which will be drilled to a total true vertical depth of 3,485m, (will fulfil one of two remaining exploration commitment wells) and, upon success, is intended to be completed as a producing well in a future development programme."

how can Aminex state the Mtwara licence will only have 1 commitment well left after CH-1, before the extension has been granted and given the fact that the 2 Lindi commitment wells were transferred to Mtwara June 2016, making 4 commitment wells in total.

Have they been given confirmation that the negotiated Mtwara licence extension (which might well consist of just 2 commitment wells, now the Lindi licence was allowed to lapse) is in the post ready for EGM so we do have a licence to farm-down. Do we not need to know the details of the Mtwara licence that we are being asked to vote on? ie; (does it still contain the same area with the Namisange prospect)


27 June 2016
"Furthermore, the Company has completed discussions with the TPDC with regards to transferring the drilling obligations in the northern Lindi Licence covered by the Ruvuma PSA into the southern Mtwara Licence, which includes the appraisal area for the Ntorya discovery. With the support of the TPDC, the transfer of the Lindi drilling obligations to the Mtwara licence area is also being processed for Ministerial approval and signing. Thereafter, the Company intends to drill the Ntorya-2 well to satisfy the appraisal drilling obligation and then to apply for a 25-year development licence subject to its success."

[fireplace22] 19/12/2018 13:26

Aren't we all still about 5-10% Neanderthal in the West anyway, probably explains some of the postings? :-)

[blackgold00] 19/12/2018 13:07

where have you been Gerry

[greyingsurfer] 19/12/2018 12:33

But the licence has expired, so they need the extension. And how would they fund it without the FO?

[gerryjames] 19/12/2018 12:22

I thought C-1 was all ready to go BG and not dependant on the farm-out? It's a commitment from the old licence. It was meant to be last summer. Then Christmas. So I was thinking early next year. Everything booked as they state

"Chikumbi-1, which will be drilled to a total true vertical depth of 3,485m, will fulfil one of two remaining exploration commitments"