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AEX Aminex Plc

1.65
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aminex Plc LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.65 1.60 1.70 1.65 1.65 1.65 5,611,970 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 112k -1.12M -0.0003 -55.00 69.48M
Aminex Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AEX. The last closing price for Aminex was 1.65p. Over the last year, Aminex shares have traded in a share price range of 0.575p to 2.05p.

Aminex currently has 4,211,167,024 shares in issue. The market capitalisation of Aminex is £69.48 million. Aminex has a price to earnings ratio (PE ratio) of -55.00.

Aminex Share Discussion Threads

Showing 82026 to 82047 of 82350 messages
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DateSubjectAuthorDiscuss
29/4/2024
11:00
...I imagine they've got no choice.
Who else would lend them money ?

skinwalker
29/4/2024
09:51
Eclipse owns Ara Petroleum and just under 30% of Aminex.So it is our Major, the operator of our field and our major investor giving a sub on preferential terms. More support. If evidence were needed of the continued intention to keep Aminex in existence, as opposed to taking us out, this is more of it.Preferential because there is no repayment. The loan is set off against the farmout.All good with me. Removes a doubt for the numpties out there.Also all good with me is how much of our farmout carry is left. Future looks bright.
edgar222
29/4/2024
09:29
hmh we are 25% partners, so I would imagine if ARA are providing help of any description we would be expected to stump up 1/4 of it.

I also wonder whether this might be linked to issues around forex (and the government not wanting to spend what little they have of it).

But as I said this is something to perhaps ask about at the AGM.

haideralifool
29/4/2024
09:20
The Government want to own the pipeline outright, so they have to pay for it. It's possible that ARA could loan them the dollars to get it in quickly. I don't see ARA asking us to pay for it and then give it to them for free.
haggismchaggis
29/4/2024
07:43
Well said bhoddhisattva re: Trolls
rangenoresources
29/4/2024
07:40
Worth noting that this is the first development licence that Tanzania will have awareded for 13 years.

Perhaps one for the AGM, but what does this mean in practical terms:

"Support the Tanzanian authorities in the construction of a spur pipeline to take gas from Ntorya to the Madimba Gas Plant and accommodate gas extraction from the field."

And does it affect the value of the carry? This does seem to be a shift from the initial position and I wonder if it is linked to the negotiations and delay.

Overall the AR reads very well.

haideralifool
29/4/2024
07:37
As I kept saying:"Applied for a 25-year Development Licence based on the approved FDP. Approved by the Tanzanian authorities, including Cabinet sign-off, and awaiting issuance of the signed licence from the Ministry of Energy."
haggismchaggis
29/4/2024
07:17
AEX secures back up funding to bridge till revenues without any dilution
AND confirms signed licence expected very soon

Looking good 🤞

bhoddhisattva
29/4/2024
07:15
So

1. No development licence in place
2. Running out of money in 6-9 months and more delays.


Let’s see how market reacts to RNS today.

rangenoresources
28/4/2024
09:24
Just don’t engage … don’t feed the troll … he/she craves attention - don’t give it!
bhoddhisattva
26/4/2024
23:40
Evening Blunderheed. Hope pub life keeping you busy and no more £2k 🥃 bills.


🤭 🤭 🤭

rangenoresources
26/4/2024
21:31
"Mate" we're not interested in your he1 guidance.
Just stay over there nonentity.

dunderheed
26/4/2024
19:51
Another week passed and no sign of licence RNS. It’s amazing rampers try and pull the same trick to try and get them out of the mess they are in.


This will be below 1p again when people realise it’s another false dawn.

rangenoresources
26/4/2024
19:16
4skin returns LOL!!
haggismchaggis
26/4/2024
18:44
Give it a rest mctripe.
You're becoming increasingly desperate.
For how long have you been frantically ramping this share ?
15 years ? More ?
Put a sock in it now - nobody's listening.

skinwalker
26/4/2024
16:32
It is evident that ARA mention Oil several times in their 3D Seismic analysis. So any trap that ARA drill could contain Oil. CH-1 is unlikely to because it is the same trap as NT-2 penetrates, so we know what is in it, but any subsequent traps could contain Oil. The most noteworthy mention is "Both the Karoo and Jurassic source rocks are now identified as being potentially mature for OIL and gas generation in the Mtwara Licence".
.
"Large structural and stratigraphic traps have the potential to host gas and OIL accumulations including, inter alia, a large untested mass transport complex prospect (“MTC”) which, in terms of structure and depth, closely resembles several of the large-scale offshore accumulations which await development."
.
"OIL and gas shows are noted in sands identified on mudlogs in Likonde-1 at the levels of the Jurassic post-rift prospects in the block, suggesting the bright amplitudes up-dip of the Likonde-1 well could be potential direct hydrocarbon indicators."
.
"Deposition occurred during the Early Jurassic in a partially restricted marine environment allowing additional potential OIL and gas source rocks to be deposited and preserved under anoxic conditions. Both the Karoo and Jurassic source rocks are now identified as being potentially mature for OIL and gas generation in the Mtwara Licence"
.
"The southern of the two mapped lobes is distinct as a separate prospect, but in contrast to the northern fan, the feeder channel has not been preserved potentially aiding up-dip trapping. OIL and gas shows were noted in sandstones in the Likonde-1 Jurassic interval which, when combined with strong indications of fan geometries significantly derisks these prospects."
.

haggismchaggis
26/4/2024
15:35
mjcferguson, as per RNS 29 Feb:
.
Whilst APT awaits award of the Ntorya Development Licence from the Tanzanian authorities, securing the assets for development for at least 25 years with provision for further extension, the Operator continues to work on multiple work-streams to commercialise the discovery on behalf of the joint venture (JV) partners and contribute towards Tanzania's energy security. Upon receipt of the Development Licence, APT will:
.
· Contract a rig operator to undertake the drilling of the CH-1 appraisal well to further derisk the asset and, if successful, complete as a gas producer.
.
· Re-enter and repair a tubular leak in NT-1 to enable the well to be safely completed as a gas producer.
.
· Undertake further testing on NT-2, currently suspended as a gas producer, using a mobile test unit, to refine the design of in-field gas processing facilities.
.
· Continue to support the Tanzanian authorities in the early construction of a spur gas pipeline from Ntorya to the Madimba Gas Plant to accommodate gas extraction from the field.
.
.
As per the Tanzania Parliament document:
.
Until March, 2024, the works carried out include completing the interpretation of the 3D system seismic information collected in an area of 334.9 square kilometers and continuing with the preparation of repairs and well tests for the Ntorya 1 and Ntorya 2 wells .
.
In addition, the Contractor is continuing with the purchase of the Chikumbi-1 well boring plant.
.

haggismchaggis
26/4/2024
15:27
FOMO Friday anyone?
haggismchaggis
26/4/2024
12:00
Hopefully ARA have drilling company lined up to drill asap.
mjcferguson
26/4/2024
11:36
The licence has to be issued and in ARA's possession at some point, that is what I expect to see at a ceremony. Whether anything needs to be signed is a moot point, as the milestone is ARA receiving the licence. AEX cannot RNS it until it is in ARA's possession, just in case anything stops it arriving, even if that is odds of billions to one against.
.
Tanzania have been telling the country that Gas is coming for everyone, they have been rapidly installing domestic gas pipelines to loads of new areas and promising loads more. That they can announce this huge Gas development licence that promises the supply of that gas to consumers is undoubtedly a huge PR win for the Government. I'm sure they will big it up as much as they possibly can.
.
Big fanfare presentation coming soon IMVHO.

haggismchaggis
26/4/2024
11:34
Sea of Red as people realise they were mislead by rampers
rangenoresources
26/4/2024
07:41
Haggis = 🤥
rangenoresources
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