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Aminex Share Chat (AEX)



Share Price: 2.425Bid: 2.40Ask: 2.45Change: 0.025 (+1.04%)Riser - Aminex
Spread: 0.05Spread as %: 2.08%Open: 2.425High: 2.425Low: 2.425Yesterday’s Close: 2.40


Share Discussion for Aminex


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cperkin
Posts: 13,534
Premium Chat Member
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 10:37
Quite agree Crusty, the KN-1 remedial though has certainly been a real drag, but there again in took what 2 years to get the GSA for that well. With the Zubairs involved and the $455 million from the World bank last week for Electricity generation and deployment, maybe the bulldozer will finally get things moving!
 
Filter
Posts: 113
Opinion:No Opinion
Price:2.43
agm agenda
Today 10:34
has anyone got the known agenda for the 11th July agm?
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 10:15
Also regardless of what we thought months years ago, I always always was supportive of placing last year and said that at time however, since then have lost even more confidence in this mgt simply because they 'didn't then' when it was obviously the time to do so, especially if they wanted to follow this "operate at any cost" charade and also 'appear' to have got everything else wrong since then as well. Only time will tell, all imho and best of luck all!
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 10:08
CP whatever mate, as I say I wouldn't want to give them more money to drill until I know more about the ops of last well and choice of rig and specific circumstances around that.
All imho and will post more when we get some news and hence know more lol!
CrustyPete
Posts: 8,872
Opinion:Buy
Price:2.43
RE: Old news worth a laugh
Today 09:41
Well CP whatever it may have been that both the AEX and Solo BoDs were waiting for seems to have been yet another false hope..... But then if you are relying on the TPDC and Tanzanian Govt to grease the wheels of a Farm-Out or KN1 remediation or anything else for that matter you are always on a hiding to nothing - which is exactly why I have been suggesting for weeks that a Farm-Out to coincide with the AGM was always a "long shot" at the very best. And as the C1 drill almost certainly is reliant on a fund raise that too will need developments on licenses before being put to bed.

That said I am disappointed that we haven't seen anything on KN1 or License Extensions in that time.
cperkin
Posts: 13,534
Premium Chat Member
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 09:22
Maybe Crusty, makes you wonder what they are waiting for, late already compared with last year.
TarryBreeks
Posts: 1,757
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 09:03
Farm out or placing, it's dilution either way. Of course we could be fundraising at 7p+ if our BOD had just gone ahead and drilled NT3 as promised. Raising funds when we spiked at 7p would have been a good move giving us cash to proceed but instead the BOD have let the sp and KN1 languish and outsourced a few reports.

I expect nothing from the AGM; like last year the anticipation will, IMO, far outweigh the news (if any). I'll bet the salary resolution is passed though.

Not bad for a year's work: commission a few reports, write a few RNS updates start negotiating to sell your prize asset at bargain basement rates ... oh and vote yourself through a nice big salary increase.
CrustyPete
Posts: 8,872
Opinion:Buy
Price:2.43
RE: Old news worth a laugh
Today 08:49
And why would a "fund raise" at AEX be a surprise Dunders? If that Farm-Out does not happen in short order I would think a fund raise through an alternative source is a necessity not a surprise? There are some here that would actually prefer a dilution over a Farm-Out.....
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 08:33
Blimey I've been left sided by an excellent mgt team fundraise over at trin. I am hoping future acquisition news there. But and not meaning to de ramp at all here am significantly less comfortable than I was previously, with what could happen here now? I am having difficulty seeing value in that 'deal' and I had the utmost respect for that mgt team. So a little concerned now rather than having a larf and pooh stirring. Somewhat sobering.as really didn't see that coming.
Best of luck all.
CrustyPete
Posts: 8,872
Opinion:Buy
Price:2.43
RE: Old news worth a laugh
Today 08:11
Solo ARA should be out this week, that might provide an opportunity for NR to spout forth.....?
cperkin
Posts: 13,534
Premium Chat Member
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Today 05:55
Indeed they are NM and I think it is indeed quite telling that NR has said nothing based on his past performance don't you think?

Guess we will all find out soon.
NorthernMagic
Posts: 1,003
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Sun 23:12
Yes,
You could argue that cperkin and the Aminex BoD probably will. I'm now sceptical though - so I'll believe it when I see it.
Hope we get some news this week. Cannot see it happening though as, as I haven't heard anything from Niel Ritson for some time now and he's often been the one to let the cat out of the bag. I would have thought Solo shareholders are getting very frustrated too with the lack of any news.
Atb,
Northern
irishmouse
Posts: 4,627
Opinion:Hold
Price:2.43
New board format
Sun 20:31
I had a look at the AEX media section, not much there as we would expect. There is a box where it asks you what media you would like to see for this share.....I am tempted to write ...."anything,please anything.
cperkin
Posts: 13,534
Premium Chat Member
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Sun 19:25
Oh I don't know NM, you can easily argue that Aminex are closer than they have ever been to multi well production, but yes still a drill to go, thanks to the the brilliantly communicated change of plan (Yes sarcasm) in the delay to drill back to back and still no communicated progress on KN-1!

Still Development study completed by GE, Development plan submitted & communicated, 25 year licence applied for, Environmental approval gained, rig out to tender and a team recruited to deliver the plan. Just need some money and a licence - cough.
CrustyPete
Posts: 8,872
Opinion:No Opinion
Price:2.43
RE: Bought out
Sun 13:11
I have long stated that, imo, AEX has never been a takeover target since ARA bought into 30% of the company and this would be even more unlikely if Eclipse were to Farm-In to Ruvuma as the Zubairs will effectively have a controlling interest in Ruvuma going forward (particularly of they buy some of Solo 25%) - no potential buyer will ever be able to have total influence over the asset.

As regards the "takeover" this is even less likely with a low share price as ARA are never going to accept a low ball price for their 30%; any offer will simply be rejected by the BoD. The only successful purchaser of either AEX or their Tanzanian asset will be the Zubairs......

That said it would come as absolutely no surprise for AEX to sell / Farm Out a significant proportion of Nyuni after further seismic and drilling development.

All in my opinion of course.

GLA
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.00
RE: Bought out
Sun 09:11
Very unlikely because of the ownership structure some 'may say' 'mgt' have sleep walked into.
Do I hear Statoil rumours again?!
All imho and dyor folks!!
willowpillow
Posts: 1,980
Opinion:No Opinion
Price:2.00
Bought out
Sun 09:03
Aminex remains in the list for takeover potential. Anyone now think the lower this goes the more chance of a complete sale of Tanzanian assetts? Would be a good chance to start a fresh somewhere and plenty of cash in the bank.
NorthernMagic
Posts: 1,003
Opinion:No Opinion
Price:2.43
RE: Old news worth a laugh
Sat 19:53
The kind of production that can sustain and self-fund the companies expansion and complete Ntorya-2 and 3 in quick succession sounds a bit like a dream now doesn't it?
The unfortunate thing is if management now make comments like near future, or in the near term no one is going to believe they can do it, unless they can prove otherwise.
Atb,
Northern
QuestionTime
Posts: 1,013
Opinion:No Opinion
Price:2.00
Old news worth a laugh
Sat 18:47
Aminex, which owns 75 percent of the Ruvuma acreage that is host potentially to up to 1trln cubic feet of gas, sees Ntorya-2 as a low-risk appraisal project. The original well, completed more in 2012, flow tested at 20mln cubic feet of gas a day with 139 barrels of gas condensate.

Ntorya-2 is being drilled into thicker part of the sand body located on the seismic data in 2014. Aminex’s partner is fellow AIM explorer Solo Oil PLC (LON:SOLO). The area in question lies just 20 kilometres from the Mtwara to Dar es Salaam gas pipeline which was commissioned in late 2015.

In a recent interview, Aminex boss Jay Bhattacherjee said the new phase of work in Tanzania aimed to establish the kind of production that can sustain and self-fund the group’s continuing expansion. This, he said, was the “holy grail” for all exploration and production companies.

It has taken more than four years for Aminex to land the funding for two follow-up holes.

The injection came this summer, with Oman’s Zubair Corporation corner stoning a 19.m/-Pounds share placing. Aminex’s plan is to complete Ntorya-2 and 3 in fairly quick succession with the aim of bringing one of two into production soon after.

In a separate announcement Aminex said it received formal approval from Tanzania’s energy minister that extends its ownership of the Nyuni production sharing area to at least the end of October 2019.
NorthernMagic
Posts: 1,003
Opinion:No Opinion
Price:2.43
RE: RE: Did you miss it?
Sat 15:49
Hoping that this week, at long last we will have some news re the Zubair farmout. Fingers crossed for some positive news.
Atb,
Northern
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.00
RE: I've started to think possibly
Sat 11:14
Strange my original post wasn't registered?
What ideas asking was I didn't realise negotiations had been rns'd. Apologies for missing that.
Can anyone point me to that rns please?
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.00
RE: I've started to think possibly
Sat 11:12
Ha lol end equal rns!!
Bloody auto correct.
dunderhead
Posts: 655
Opinion:No Opinion
Price:2.00
RE: I've started to think possibly
Sat 11:11
Apologies I didn't see an end regarding negotiations. Did I miss that? Could anyone point me in that direction please?
Tanzania
Posts: 263
Opinion:No Opinion
Price:2.43
RE: 2.00 (-17.53%)
Sat 10:55
Relax - digitalook.com @ 2.43...…...
Nelson0001
Posts: 30
Opinion:No Opinion
Price:2.00
2.00 (-17.53%)
Sat 10:35
Anyone know why Lse is showing the sp at 2.00(-17.53%) ??




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