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AEX Aminex Plc

1.55
-0.05 (-3.13%)
12 Jul 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
  -0.05 -3.13% 1.55 1.50 1.60 1.60 1.55 1.60 3,663,100 15:28:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 112k -1.12M -0.0003 -51.67 67.38M
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 1.60p. Over the last year, Aminex shares have traded in a share price range of 0.70p to 2.05p.

Aminex currently has 4,211,167,024 shares in issue. The market capitalisation of Aminex is £67.38 million. Aminex has a price to earnings ratio (PE ratio) of -51.67.

Aminex Share Discussion Threads

Showing 82201 to 82221 of 82550 messages
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DateSubjectAuthorDiscuss
29/5/2024
13:23
Nice move upwards ~ Very nice!
HE1 will be doing tis in Q3.

phil mcavity
29/5/2024
13:20
Isn5 it curious how some have disappeared?
bhoddhisattva
29/5/2024
13:15
impressive looking chart above 2p
stockhunters
29/5/2024
09:59
Who's a mug
blackgold00
29/5/2024
08:20
What a mug
hydrogen1
28/5/2024
13:19
I like this thread for the volume indicator. Having said that, no sign of pro for a long while now. Hope he's OK.
chopsy
26/5/2024
13:43
Good piece from Jim:https://oilman.beehiiv.com/p/oilman-jims-letter-26-may-2024Worth reading
cat33
24/5/2024
17:40
Mjapac32 - you do have a way with words. Do you not have Sky TV or a web enabled mobile? (oops I forgot you can’t do emojis on your phone)

Enjoy your weekend. I am sure you will find out how all is getting on (remember tyre choice is key so some timings are out of sequence)


Looks like possible rain for qualification and dry race day.

rangenoresources
24/5/2024
16:02
How did practice go Muppet?
mjapac32
24/5/2024
14:53
Looking like sea of Red again.
rangenoresources
24/5/2024
14:44
The PR company should also be purveying the 3D results of 16.385 TCF Mean GIIP plus 55m barrels of condensate, not the outdated 3.45TCF GIIP.
haggismchaggis
24/5/2024
14:40
^given that salaries are not too shabby in the O&G sector, you'd imagine industry professionals might have their investment interests piqued.

I'll let the PR company know that these stories really should also mention the market cap rather than just the share price

haideralifool
24/5/2024
14:27
East Africa licence award triggers start of 3.5 Tcf gas project
Tanzania awards development licence for Ntorya discovery, sparking 27% surge n stock price of project partner Aminex



Full text courtesy of Ufufuo on telegram:

Omani independent Ara Petroleum has secured a critical development licence covering its big Ntorya gas discovery onshore Tanzania, which holds 3.45 trillion cubic feet of in-place resources.

Award of this licence, which was announced in mid-afternoon on Thursday, paves the way for privately-owned Ara and Aminex, its London-listed partner, to push ahead with long-awaited development work.

This news sparked an initial 19.8% spike in Aminex’s stock price, which closed at 1.75 pence (2.54 US cents) yesterday.

The company’s share price continued its upward trajectory this morning, peaking at 1.98 pence and settling at 1.85 pence at publication time, up 26.7% on the 1.46 pence is stood at before Thursday’s announcement.

The Ministry of Energy in Tanzania granted a 25-year development licence over Ntorya on Thursday afternoon, said Aminex.

This development licence divides the Mtwara exploration area into nine blocks, five containing the Ntorya discovery and the remainder described as “adjoining blocks”.

In these adjoining blocks, the partners must carry out geological, geophysical and geochemical studies, drill one exploration well within five years of the start of production at Ntorya, and also spend at least $10 million.

Gas from Ntorya will be fed to the growing domestic market, with a multi-year gas sales agreement signed earlier this year with the state-owned Tanzania Petroleum Development Corporation.

Aminex, with a 25% non-operated interest, is carried by Ara throughout the ongoing work programme up to a maximum gross capital expenditure of $140 million.

This carry is expected to see the company through to the start of commercial gas production.

Now the development licence has been secured, the partners aim to charter a rig to drill the Chikumbi-1 exploration well, which will be completed as a gas producer, if successful.

The same rig will also carry out a workover of the Notorya-1 well, converting it into a production well, and carry out further testing on the Ntorya-2 well to refine the design of gas processing facilities.

Gas from Ntorya is expected to be sent via a new pipeline to the nearby Madimba gas plant.

First production is targeting up to 60 million cubic feet per day from three wells, with start-up hoped for in 2025.

Aminex executive chairman Charles Santos said: “The Tanzanian government has clearly said it would use the country's energy resources to eliminate energy poverty, spur growth and improve living standards.

“We believe Ntorya is a vital part of this vision and the development licence helps turn this vision into reality.”

haideralifool
24/5/2024
14:21
Market still not caught up with the huge resource!!
.
It's kind of bewildering and annoying that the market still thinks this is a 3.5TCF GIIP project when we in the know know its 16.385 TCF Mean GIIP plus 55m barrels of condensate, and potential for oil in the many untested traps.
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"East Africa licence award triggers start of 3.5 Tcf gas project"
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"Tanzania awards development licence for Ntorya discovery, sparking 27% surge n stock price of project partner Aminex"
.

.
.

haggismchaggis
24/5/2024
14:04
Worth noting that around this time last year the Directors were awarded options over 10,000,000 shares (each) at 1p and that these would vest if the share price was no lower than 2p for 5 consecutive trading days. This was except for Santos who got 12m.

I would not be surprised if they've taken the occasional look at the share price in the last couple of days.

haideralifool
24/5/2024
13:41
Market hasn’t reacted well to yesterday’s news today. Can see this drifting lower.
rangenoresources
24/5/2024
09:45
Bhodd - Guilty as charged!

I am looking forward to more good (price-driving) news between now and the AGM in four weeks.

haideralifool
24/5/2024
08:34
Good morning lovely start for AEX and CRTM both rallying now we are in for a happy Friday
citys2874
24/5/2024
08:33
Quiet in here now isn’t it?

Admit it - you’re all looking at live price of AEX aren’t you?

bhoddhisattva
23/5/2024
23:00
Peter, I think we are likely to see a series of broker upgrades in the coming weeks and months.

In the last couple of years we have had volume of 80m once and got to 40m on about five occasions. Let's see what happens on Friday.

haideralifool
23/5/2024
21:58
Just something else re my comment "I see the new development plan looking at potentially multiples of 140MMscfd production rate", Gas pipelines to Uganda, Kenya, Zambia, possibly other countries, with 16TCF, or more if we expect more in the blocks outside of Ntorya block, then you can pump loads of gas and get it to other countries, earning Tanzania $$$$$$$.
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These inter-country pipelines have all been waiting for Tanzania to get the gas flowing from somewhere. With up to 16TCF in the ground onshore, with wells being drilled consecutively, these pipelines can progress.
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Kenya to Build a Gas Pipeline Linking Tanzania’s Dar es Salaam to Mombasa

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Proposed Tanzania-Uganda gas pipeline takes key step forward

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Tanzania, Zambia discuss natural gas pipeline plan

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.

haggismchaggis
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