Aminex Share Discussion Threads

[fatfish] 03/6/2024 07:20

it has already flown

[pigeons] 02/6/2024 20:39

THIS IS ABOUT TO FLY

[chopsy] 02/6/2024 19:50

Thanks for your posts. You are about the only one I can see. Why not join the sensible discussion group on telegram?

[haggismchaggis] 02/6/2024 15:58

Mike Rego, Geologist and former Exploration Director at Aminex, has said all along that oil was there somewhere onshore.
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Mike Rego: “The oil is out there, we just have to improve how we look for it". So it is important to me that we have done exactly that by doing 3D Seismic over our licence area, finding all of the traps at different levels of geology including those that the oil seeps point to potentially being oil bearing. ARA are now saying there could be oil in the untested traps.
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"Further supporting Rego’s views on East African oil plays, Solo Oil Chairman, Neil Ritson, commented on the potential of an onshore asset in Tanzania. “Black oil was seen on the cuttings [at the NT-2 well in Tanzania] – now what we will make of that in the next few months to years, I don’t know,” Ritson said.
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Mike Rego presentation, well worth watching. Scroll down to 'All Video Presentations from Mike Rego' and click on the link there:


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I note the huge Unit 3 that sits up-dip from NT-2 and above the Ntorya trap. We know oil moves up-dip under the pressure of the Gas, you can find that information anywhere. Black oil was seen on the cuttings at NT-2 so can't be too far away. The oil could easily have been pushed by the Gas up-dip and into the Unit 3 trap. We will find out when the CH-1 well is drilled, as Unit 3 is marked where the CH-1 well is being drilled.
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See the image on the right which is the new CH-1 location
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I look forward to seeing what we find in the untested traps that CH-1 will test.

[haggismchaggis] 31/5/2024 14:49

HaiderAliFool,
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Indeed, ARA are a private company, they can release news whenever they want to, they are not bound by the price sensitive news rules and regulations that Aminex are. If they don't tell Aminex then Aminex cannot tell the market under the price sensitive news rules and regulations.
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I also believe news must come soon, as ARA say they are ready to progress Ntorya work immediately, which means they must "formally present their programme and schedule for the drilling of the Chikumbi-1 well" to Aminex, immediately too.

[haggismchaggis] 31/5/2024 14:42

ARA should be doing this again, minus the 3D bit as that has been completed already:
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"APT, as the new operator of the Ruvuma PSA, intends to call an Operating Committee Meeting where they will formally present their programme and schedule for the drilling of the Chikumbi-1 well and the 3D seismic acquisition programme."
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That was what they did in 2020. Now that they have the licence in hand the next step should be to "call an Operating Committee Meeting" to "formally present their programme and schedule for the drilling of the Chikumbi-1 well".
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This weekend hopefully.
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[haideralifool] 30/5/2024 15:25

Haggis, we can see from what has happened over the past several months that the ARA are adept at newsflow management. And that this has been a benefit to us e.g. timing the seismic results to coincide with pipeline delay news. Without the former the latter would have been a nigghtmare for the share price

While it's hard to say exactly when an RNS will land, I am pretty sure that they won't let an opportunity like the AGM pass without a significant news release. So definitely something in the next 2-3 weeks I think.

I'd say the timing of the CPR is something that is pretty much in their gift and surely it must have been done by now. I know people will say that they have to release it as soon as they get it. But it's amazing how the final sign-off can be timed to suit corporate needs. A broker update can't be too far off either.

[haggismchaggis] 30/5/2024 14:25

I would not be surprised to hear ARA's schedule announced next week.

[stockhunters] 30/5/2024 07:46

if 2p can break not much on the chart above that

[haggismchaggis] 29/5/2024 23:58

The Deputy Prime Minister and Minister of Energy Doto Biteko said 4 days ago "we ARE building a gas pipeline from Tanzania to Uganda", so no question of if it will be built, they are going to do it. And they will need Gas to put through it, but the offshore gas is stranded until the LNG plant is built in many years time, meaning our Gas must be the target of this pipeline.
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"Despite the presence of the oil pipeline project between Tanzania and Uganda, Dr. Biteko said "We have an agreement to strengthen our relations, we are building a gas pipeline from Tanzania to Uganda so that our colleagues can benefit by using the gas available in Tanzania to grow their economy and we are building a clean oil pipeline from Tanzania to Uganda. Also, we have decided together to build a joint electricity line from Ibadakuli in Shinyanga region to Mbarale in Uganda with a length of 610 km which will generate 400 kv to help each other in electricity challenges."
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[haggismchaggis] 29/5/2024 23:57

Tanzania Energy Department Document
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Dated 23 April 2024
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8.0 NATURAL GAS AND OIL INFRASTRUCTURE CONSTRUCTION PROJECTS TO BE IMPLEMENTED IN 2023/24
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Number...... PROJECT TO BE IMPLEMENTED ..... FUNDS ALLOCATED (Shillings)
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1. Project to Process and Process Natural Gas into Liquid (Liquefied Natural Gas – LNG). 6 billion
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2. Construction of a Pipeline to Transport Natural Gas from Ntorya (Block of Ruvuma) to Madimba. 58.75 billion
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3. Distribution of Natural Gas in Dar es Salaam and Coast Regions. 12.6 billion
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4. Distribution of Natural Gas in Lindi and Mtwara Region. 1.6 billion
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5. Crude Oil Pipeline Project from Uganda to Tanzania (East African Crude Oil Pipeline - EACOP) 70.2 billion
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So the people of Mtwara that helped with Seismic, those that handed over their land to the project and pipeline, those doing anything with a monetary return, and those that wanted assurance, they can all see that Tanzania will be spending 1.6 billion shillings getting gas distribution expanded in their home area of Mtwara.
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The 58.75 billion shillings for the pipeline has already been allocated for the pipeline from Ntorya to Madimba.
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6 billion shillings has been allocated for the mini-LNG plant.
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The crude oil pipeline is funded at 70.2 billion shillings. Whilst laying that pipeline it would be a much simpler task to lay the Tanzania to Uganda gas pipeline alongside it, rather than go back at a later date to do it, so that is what I expect them to announce once the study is completed.

[closetotheedge1] 29/5/2024 21:15

RoR

In a word - SUPERB

👏👏👏👏8079;👏Ԁ79;

[haggismchaggis] 29/5/2024 14:39

We are at the highest share price since the end of 2018, a 5.5 year high, and the next target above 2p where there might be some resistance is 3p, but that resistance dates all the way back to H1 2018 so not likely to have any effect on the price now, as a lot of those holding the stock back then will have moved on in the meantime. The sky really is the limit.
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Chart

[rich2006] 29/5/2024 14:20

Clearly FOMO is kicking in now that the red tape items are getting boxed off and a clear path to production is being mapped out.

[888icb] 29/5/2024 13:41

Number 8 on the Leaderboard Up 12.5% at 2.025p on volume of 12 million. Imagine what could happen if some serious volume kicks in. We have waited along time to get to 2p and let’s see if we can push through it and continue the very overdue rise.

[phil mcavity] 29/5/2024 13:23

Nice move upwards ~ Very nice!
HE1 will be doing tis in Q3.

[bhoddhisattva] 29/5/2024 13:20

Isn5 it curious how some have disappeared?

[stockhunters] 29/5/2024 13:15

impressive looking chart above 2p

[blackgold00] 29/5/2024 09:59

Who's a mug

[hydrogen1] 29/5/2024 08:20

What a mug

[chopsy] 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.