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Aminex Share Chat (AEX)



Share Price: 1.25Bid: 1.20Ask: 1.30Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.10Spread as %: 8.33%Open: 1.30High: 1.30Low: 1.25Yesterday’s Close: 1.25


Share Discussion for Aminex


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TIPTOP
Posts: 7,540
Answer
Opinion:Strong Buy
Price:1.25
RE: Audio update Aex
Tue 22:04
Always great to get your views PJ, certainly brightens our day. I can only imagine what your encore will be at the 10p party :-)
 
TIPTOP
Posts: 7,540
Answer
Opinion:Strong Buy
Price:1.25
RE: Re. Soon
Tue 22:01
Sorry...... to answer the question, by this time next year we could have both wells drilled and almost in production, if this is planned out correctly. Regards takeover offers.......I would be dissapointed with 10p if we get the results !
TIPTOP
Posts: 7,540
Answer
Opinion:Strong Buy
Price:1.25
RE: Re. Soon
Tue 21:58
So clearly that's rather subjective but lets use the lower end of predictions to keep all happy. So with both N2 and N3 successful we could expect to book 1P reserves of between 300 to 500 bcf, but more impressive would be the 2P reserves figure of circa 1.5TCF. Now when we sold Kiliwani to Solo we gained a price of $1.3m per 1bcf. So just using the 1P figure we would be worth $390 - $650m. Those figures would just be valuing the 1P reserves on the lower amount Solo paid. There is huge upside possible on both flow rates and reserves but also a good deal of risk as drilling is never straight forward.
The income we could gain from Ntorya would be also very impressive with N1,2&3 online we could expect to earn around $4m per month pure profit.

I'm still working on these figures so will get back to you with some more accurate values. Meanwhile I'm sure others will have plenty to add.

Sorry for delay but manic at mo !
pyjamaboy
Posts: 1,050
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.25
Audio update Aex
Tue 18:17
mbolea
Posts: 264
Off Topic
Opinion:No Opinion
Price:1.25
RE: Re. Soon?
Tue 17:34
I would encourage you to look at a map of Tanzania to see where Songea and Madaba are. I think that will answer you question.
mainshare
Posts: 1,362
Off Topic
Opinion:No Opinion
Price:1.30
RE: Re. Soon
Tue 12:45
TT...how long would it take to drill N2 and N3...and what ballpark takeover offers would you expect ?
TIPTOP
Posts: 7,540
Answer
Opinion:Strong Buy
Price:1.30
View Thread (4)
RE: Re. Soon
Tue 12:32
I don't think there's any question that there will be plenty of demand for our gas. Demand is growing by the day both for power and industrial use. We've shown we can get gas to market and the demand was there. The big upside for use now is proving our gas exists in huge volumes at Ntorya. By drilling N2 it will allow us to begin production infrastructure with a spur line being built to the main pipeline or to industry at Mtwara, both will require supply.
However, by drilling N2 and N3 successfully we will bring a huge amount of resources into reserves category. That should increase our MC to 10 times todays values, at least, and bring about some takeover offers !!
feelinlucky
Posts: 732
Off Topic
Opinion:No Opinion
Price:1.30
View Thread (2)
Re. Soon?
Tue 12:11
The daily news article mentions construction of new 220/33Kv stations at Madaba and Songea (power stations?), the Tanzaniainvest article mentions that Kinyerezi II project is one of four gas fired power plants meant to add over 1000 mw to the national grid.....are Madaba and Songea part of these four? or are they substations?????
feelinlucky
Posts: 732
Off Topic
Opinion:No Opinion
Price:1.30
link
Tue 11:52
having trouble with link see WRL it's on there.....




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