Share Name Share Symbol Market Type Share ISIN Share Description
Aminex LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -1.63% 3.025p 3.00p 3.05p 3.075p 3.00p 3.075p 1,180,438 14:00:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.0 -2.1 -8.1 - 110.21

Aminex (AEX) Latest News

More Aminex News
Aminex Takeover Rumours

Aminex (AEX) Share Charts

1 Year Aminex Chart

1 Year Aminex Chart

1 Month Aminex Chart

1 Month Aminex Chart

Intraday Aminex Chart

Intraday Aminex Chart

Aminex (AEX) Discussions and Chat

Aminex (AEX) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Aminex trades in real-time

Aminex (AEX) Top Chat Posts

DateSubject
20/1/2018
08:20
Aminex Daily Update: Aminex is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AEX. The last closing price for Aminex was 3.08p.
Aminex has a 4 week average price of 2.90p and a 12 week average price of 2.85p.
The 1 year high share price is 7.69p while the 1 year low share price is currently 2.49p.
There are currently 3,643,458,062 shares in issue and the average daily traded volume is 2,895,821 shares. The market capitalisation of Aminex is £110,214,606.38.
10/1/2018
09:57
haggismchaggis: How is it looking for rig availability? Is there a glut of spare rigs and thus AEX think they can get a good price by asking for tenders? AB implied such in his interview. How about tenders also coming in cheaply for the N3 drill because the rig owners will be looking at all the subsequent wells AEX are planning to drill, which they would have mentioned in the tender document? A cheap N3 drill may mean no fundraising until after CPR and N3 result and a much higher share price at the time.
15/12/2017
20:57
lfdkmp: Hello my name is ..erm..Jay Bhattercharia and I was recently interviewed..erm.. recently by that lovely Polly from … erm …erm… Reactive Traders. Poppy asked me if I was concerned about the …erm…drift in the share price. Well my answer has to be yes and …erm..no. The reason I’m just a little concerned, or.. erm …unconcerned is that we really are in a bit of a spot with our,..erm,…wonderful partners in Tanzania. You see unofficially I think they are the most …erm…frustrating bunch of time wasters I’ve come across.(I still lie awake at night thinking of the tortuous GSA wrangle over what ..erm..turned out to be meaningless payment guarantees.) However, officially they are the best business partners I could wish for. We have a very close working relationship. I am confident that Aminex will soon be in a position to …erm...imminently announce progress in short order. By the way, I notice that the real CEO of Aminex, Jay Bhattacherjee, has just purchased some more shares. Not a lot, just enough to …erm… keep me interested. Very subtle that. So if I ever again get mistakenly invited for interview by that lovely ..erm..Poppy, I’ll be sure to mention that I took the hint from Aminex’s CEO and I piled in for another ten thousand shares.
05/12/2017
11:24
haggismchaggis: I saw some takeover comments on LSE, but that is ridiculous because when a takeover leak hits the market the share price goes up not down. It always goes down before a placing so the company can get big buyers for the stock, and it prices in the dilution.Not sure why any cash would be needed for N3, as we were owed $13m and had $8m(?) in the bank in June. However, cash will be needed for a full development of Ruvuma, for 3D seismic if it's deemed necessary by AEX (not NR!), for a side track at Kiliwani, for Nyuni 3D seismic, etc, so if they are going for more cash, best they take the cost and timing of these into the decision on how much to raise now, and how much later.
01/12/2017
15:53
blackgold00: well certainly don't know for sure haggis and only a hunch regards fund-raising, but the recent share price movement does seem to be following the months prier to the $25.4m Eclipse funding where the share price deteriorated down from about 2p to align with the new issuing shares of 1.3p which must had been agreed at some time before. what i think i'm saying is the Eclipse placing didn't just happen, it must have taken months to plan and agree valuations i.e. the money to be raised balanced against Eclipse final % holding of Aminex. we really don't know what is being planed in the background but i am still very confident in the assets and also the fact of the managements skin in the game assures me that what ever they plan will benefit all holders, hopefully. "Proposed equity funding to raise up to approximately StgGBP19.5m (US$25.4m) by the issue of up to approximately 1,499m New Ordinary Shares at Stg1.3p per New Ordinary Share (the "Issue Price")"
06/11/2017
12:55
blackgold00: from Malcy this morning Http://www.malcysblog.com/ Aminex "AEX is down this morning after an announcement that has spooked the market regarding gas production from Kiliwani North-1. Following a power outage a few days ago in Dar es Salaam gas demand fell and has reduced flow rates to around 1 mcf/d and their is some technical validity to the thought that the well is draining a compartment within the Greater Kiliwani North structure and ‘exhibiting slow recharge’." "Solutions include installation of compression facilities, which should boost production at minimal cost, in the meantime the current, lower production should have beneficial effects on maximising long term recovery and better reservoir management." "AEX has no debt, cash in the bank and whilst problems at Kiliwani North are irritating, investors should be concentrating more on the Ruvuma PSA where a 25 year development licence has been applied for. It should be noted that the announcement from Solo, who are not the operator, is probably slightly more accurate and that a 20% fall in the AEX share price is way overdone and an opportunity to buy some cheap stock…"
02/11/2017
14:31
dunderheed: ron first and last time I converse with you on a level that you do not deserve, someone sold shares for a business reason (creating share price 'weakness' a week or so ago) that did not crystallise, then had to buy back in again at some cost to themselves, so I certainly did not want to seem like I was gloating at all in their misfortune but thought I may mention it on the board. If there is a relatively large seller in the market at relatively immaterial liquidity time then guess what, there is share price weakness. When this sale has fully crystallised and the market is re-balanced but the original seller chooses to buy back (and with increasing 'interest' in share, due to 'potential' deals being struck) then there is a disproportionate share price response as well, which also may correct itself in the short term later. You strike me as being a small time idiot mate, who wants to make some spread on a £10k purchase? Stick to your crass posts and I'll respond in a similar way from now onwards. Cheers. Also please dont bother associating me with 'Haggis', just makes you look even more ignorant.
01/11/2017
14:17
lfdkmp: Ronwilkes Is the AEX share price now subject to antigravity?
24/10/2017
18:34
ronwilkes123: look at the boards black gold sentiment on aex is terrible ATM. The lse board is like an aex morgue. AEX leaks when news is coming, a share price fall is worrying when news is imminent
09/3/2017
08:09
haggismchaggis: Decoding the "significant success" reported by Aminex and Solo OilThe companies says Ntorya-2 represents a better-than-expected result, but, both shares are down almost 20% - here, we take a closer look.Looking at Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO) following the release of test results from the Ntorya-2 appraisal well its quite plain to see there's something of a disconnect between the companies and the stock market's view.Aminex and Solo this morning told investors of the Tanzanian well's "significant success".Ntorya-2 has, according to the partners, proved the commercial merits of the gas discovery and has set them on a path to production.Nevertheless, Aminex and Solo Oil shares each tumbled almost 20% in Wednesday morning's deals.Here, we attempt to decode this morning's announcements and the reasons for the share price fall.What was the result?The Ntorya-2 well is located some 1.5 kilometres from the original Ntorya-1 discovery well and it has intersected a much larger gas reservoir zone.Flow testing was impeded somewhat by technical issues, nonetheless, the well testing yielded a rate of 17mln cubic feet of gas per day, which would be 2,833 barrels oil equivalent per day."The overall results of Ntorya-2 have substantially exceeded Aminex's expectations and now we have the potential for a commercial development project in the Ruvuma Basin," said Aminex chief executive Jay Bhattacherjee.Technical problemsThe obvious source of shareholder dissatisfaction comes from the fact that technical problems limited the partner's ability to fully measure Ntorya's production capacity – in fact, Ntorya-2 flowed at a lesser rate than the previous well (albeit under different operating conditions).During drilling there was a significant influx of gas into the well, and as a result the company had to adapt which resulted in constricted gas flow during testing.Specifically, Aminex explained that it had to increase the drilling mud weights due to the "strong gas influxes" so that they could maintain well control and operate within safety parameters.Subsequently, the higher than planned mud weights resulted in reservoir invasion which tempered overall test performance.The upshot is that the gas flows measured by the appraisal well do not properly represent the extent of what could be possible at this well location.For context, the Ntorya-2 well cut in a much larger pay zone than the original discovery yet its flowed gas at a lower rate.The new appraisal well encountered some 51 metres gross reservoir (34 metres were perforated) whereas Ntorya-1 tested only a four-metre interval and yielded 20mln cubic feet per day.Aminex told investors that Ntorya-2 would be suspended for future production.The burden of high expectationsWhen considering the share price response to Wednesday's news it is probably important to note that the results were hotly anticipated and expectations have been building for a number of months.Speculation frequently coincides with expectation, and as such trading in Aminex and Solo Oil shares has been brisk in the weeks and months leading up to the Ntorya-2 well.Aminex shares, for example, had risen almost 250% - to 6.84p from 2p - in the three months before today's well results.  Similarly, Solo Oil shares were up about 180% in the same period.One could probably deduce then that at least a portion of Wednesday's sellers simply closed out speculative trades as the nuanced well result took momentum out of the shares.What comes next for Ntorya?Aminex highlighted that there will now be a period of analysis, which will guide what happens next.The partners will have to reconcile the findings of the Ntorya-2 well and the previous Ntorya-1 data, and in time they'll likely come up with a new estimate of the project's resources.The presence of oil shows in Ntorya-2, whilst plainly good news, will also give some more pause for thought. This part of east Africa is already known to be host to vast gas resources, with major offshore discoveries providing the basis of significant LNG developments, but, oil discoveries have been elusive and are something of a holy grail for exploration geologists studying the area.Aminex intends to revise the geological model of the onshore portion of the basin, to account for the apparent evidence that oil is present in the vicinity of Ntorya.With the phase of desktop work, the partners will draw conclusions that will be used for the next programme on work in the field. A third well will be planned, with the location determined based on the upcoming assessments.Meanwhile, as Aminex highlighted, the Ntorya-2 well is being suspended as a future producer.Given the proximity of gas export infrastructure to Dar es Salaam, Tanzania's capital, investors will be keen to hear more about the possible timelines for revenue-generating production from the project.Former Solo Oil chairman David Lenigas, meanwhile, has suggested that some corporate activity could potentially follow the latest Ntorya well result."Ntorya -2 successful test will probably make the Oman shareholders of Aminex look at now consolidating the whole AEX and SOLO play. IMHO," Lenigas told his six thousand strong list of followers on Twitter.http://www.proactiveinvestors.co.uk/companies/news/174463/decoding-the-significant-success-reported-by-aminex-and-solo-oil-174463.htmlLast summer, Aminex brought in £19.5mln of new capital – which funded Ntorya-2 – with a share placing including a new cornerstone investor, Eclipse Investments, which is part of Oman's Zubair Corporation.Putting in around £13mln, Zubair took a stake representing around 28% of Aminex
15/2/2017
19:17
haggismchaggis: Tidy 2, it's easy to compare AEX vs SOLO as far as Tanzania goes. SOLO have other prospects but when Tanzania news alters the share price of both companies there are some things that investors should base the relative share prices on.AEX 3,799,983,062 shares, fully diluted. Gets 75% of Ruvuma gas and subsequent revenues. SOLO 7,399,144,459 shares, fully diluted. Gets 25% of Ruvuma gas and subsequent revenues. So realistically, if AEX went up 7.5%, SOLO should only go up 2.5% based on the value of the discovery. For spread bettors and those buying the stock, the higher percentage wins.Any dividends in the future? AEX holders have about half the number of shares and 3x the revenues, so AEX dividends could be up to 6x what you would get at SOLO.
Aminex share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180121 06:54:59