Aminex Share Discussion Threads

[joestalin] 16/2/2019 14:54

watermelons? - green on the outside and red on the inside - perfectly acceptable terminology.

[dunderheed] 15/2/2019 19:29

Stinky ffs - u know they are mental over on lse - you guys spend DAYS or weeks of your lives, chatting about the same things - on and on and on!!
Said politely of course!

[kryptonsnake] 15/2/2019 19:21

The second thing in my head was "News Monday"

[stinkypeet] 15/2/2019 18:18

Moreover KS, how would it look if there were a load of Directors buys the trading day before some significant market information or announcement? Fishy at best, illegal at worst....

Better next time that you say the second thing that comes into your head.

[stinkypeet] 15/2/2019 17:32

News Monday? What on the basis of John Bell and 3 other Directors taking part in the placing and being "given" millions of options?.

Just read the RNS Kryptonsnake this is not a purchase of shares it is an issue of placing shares and options - that is why it didn't affect the bloody market price - they were not bought in the market.

"SUBSCRIPTION TO PLACING AND GRANT OF OPTIONS"

On you lot reckon LSE is mental central? Dear oh dear....

[paulhgreen] 15/2/2019 17:24

why would they buy now ?????

[kryptonsnake] 15/2/2019 17:23

News Monday?

[paulhgreen] 15/2/2019 17:21

wait until monday

[kryptonsnake] 15/2/2019 17:12

8 million shares bought and the share price didn't move?

4 director buys of over a million shares each

[dunderheed] 14/2/2019 23:19

Agree sw except for the BOD gravy train continually moving on and re fuelling buddy?
That seems to happen quite a lot?

[skinwalker] 14/2/2019 23:11

News flow?
What on earth are you on about?
This is Aminex - nothing happens - EVER!

[laptop15] 13/2/2019 13:14

What news flow is due guys?

[oilretire] 11/2/2019 07:53

And also....

Ruvuma PSC - Operational Update



Following the successful farmout of Aminex's interest in the Ruvuma Gas development to The Zubair Corporation (subject to government approval), the Company has received several expressions of interest from industry players interested in working with the Company to expedite the development of the Ruvuma Gas Development project including through farm-out, general strategic partnership or an outright sale of the Company's interest. These discussions are all at an early stage and there can be no assurance that any of them will result in a transaction acceptable to the Company. In the meantime, the Company continues to engage in non-exclusive discussions with various parties on the sale or farmout of the Company's interest and will provide further updates to shareholders if and when there are further developments.



The Ruvuma Gas Development remains the core asset within the Solo portfolio and the Company views 2019 as being an important year of commercial and operational developments to progress the project towards first gas. The Company is fully funded for its share of the Chikumbi-1 well due to be drilled in 2019, subject to confirmation of the licence extension. The well will be a key test of the Ntorya Gas Field, designed to encounter the Albian aged reservoirs 120 meters up-dip of the Ntorya-2 well alongside a potential play opening test of the Late Jurassic in a deeper exploration target.



The recent work published by Aminex plc (operator of the Ruvuma PSC) of their independent reserve work conducted by RPS Energy Consultants Ltd. ("RPS") has assigned the Albian aged Ntorya Gas Field a mean un-risked GIIP of 1.87 TCF (468 BCF net to Solo), with total combined gross 2C Resources of 763 BCF (191 BCF net to Solo), and has additionally assigned 936 BCF (234 BCF net to Solo) of 2U Resources (previously equivalent to "Best Estimate" Prospective Resource) to the Jurassic aged Chikumbi prospect.



With its existing gas infrastructure and growing market demand for gas, the Ruvuma Gas Development can play a critical role in the supply of the domestic market in Tanzania. The Company regards the investment by the government in the critical gas infrastructure of pipelines and processing facilities as a huge value add to the project.



The Aminex / Zubair farmout has provided strong third-party technical validation of the quality of the project and a well-funded partnership to drive the progress of the development. The Joint Venture continues to progress a phase 1 development targeting an early gas production / commercialisation development allowing for accelerated cash flow to the partnership and providing much needed gas into the Tanzania domestic market. This will provide the foundation of a full field development currently scoped to provide 140 MMSCFD. The Joint Venture is confident of the underlying market requirements to subsume this volume. The Aminex / Zubair farmout demonstrates the commercial validity and the operational viability of the Ruvuma project as a key domestic gas project in East Africa.

[oilretire] 11/2/2019 07:51

It also says......

Ruvuma monetisation options being reviewed: the Company has received a number of unsolicited indicative approaches by industry counterparties regarding its 25 per cent interest in the Ruvuma Gas Development project which the Company continues to review.

[haggismchaggis] 11/2/2019 07:08

SOLO RNS today says:Kiliwani North: intervention and work-over operations have resolved the Kiliwani North-1 subsurface safety valve issue with gas flowing to the plant during test period;o  Joint Venture (in which the Company has a 8.3918 per cent interest) is progressing with planning for the perforation of the lower zone which has potential volumes of up to 8 BCF within a new reservoir;o  operations on the Kiliwani North development licence will remain a key 2019 focus as the licence has significant upside in the Kiliwani South prospect of 57 BCF (mean unrisked GIIP); ando  Operator has expressed plans to accelerate development by reprocessing 2D seismic and acquiring new 3D seismico  No further commitments on the licence - ability to monetise new volumes quickly into existing infrastructure and under existing gas sales agreement

[dunderheed] 09/2/2019 17:30

There are more than one Emperors on the lse eog thread. It's quite astounding.
Sw can't you be 're born over on lse?
It's like shooting fish in a bbl. matey.

[dunderheed] 08/2/2019 09:51

Sw gm buddy, ah lol don't know when that mis spelling sneaked in!!

[skinwalker] 08/2/2019 09:38

Morning DH
He's spelt 'Emperor' not 'Emporer' but either way he's a plonker.