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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Aminex Share Chat (AEX)



Share Price: 3.575Bid: 3.50Ask: 3.65Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.15Spread as %: 4.29%Open: 3.575High: 3.575Low: 3.525Yesterday’s Close: 3.575


Share Discussion for Aminex


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Drewky
Posts: 2,890
Off Topic
Opinion:Strong Buy
Price:3.575
RE: 2+2 = 5 ?
Today 00:33
2+2=4

There is absolutely no point in drilling NT3 for gas until we can at least make a start on monetising what we already have.

As we know we can expect news on NT3 "Very quickly". We all know what Aminex quickly means so please stop laughing!

Liquids has to be the target but it might also be safe to say they will expect to find more gas on the way down.

I feel so chilled out on this share, I'm just waiting for it to happen. Seeing it slide now and again doesn't bother me any more
 
cperkin
Posts: 9,136
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 23:12
joebob, you are right, AEX already have enough gas to get going with NT-1 & NT-2 but this well is going beyond just gas and the cretaceous and after all we have waited 9 months for it to be announced, it was going to be back to back after NT-2 so hardly a rush.

So enough gas, is it more to do with liquids then?

"the well design for Ntorya-3 will depend on final interpretation of Ntorya-2 in order to intersect multiple stratigraphic units in the area which are potentially both oil and gas bearing".

"The Cretaceous systems are big, but some of the deeper Triassic and Jurassic reservoirs are even bigger."

?
cperkin
Posts: 9,136
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 22:50
My thoughts exactly Crusty, although like you say it is Tanzania and it is AEX ;)

Licence + CPR + Spud date would be a very merry Christmas.
CrustyPete
Posts: 6,787
Observation
Opinion:Strong Buy
Price:3.575
RE: 2+2 = 5 ?
Sat 22:27
Moreover the BOD stated that we would have date for NT3 spud very soon...
CrustyPete
Posts: 6,787
Observation
Opinion:Strong Buy
Price:3.575
RE: 2+2 = 5 ?
Sat 22:23
joebop. not if it were to provide a "lead" into the short to medium term options for the develpment of Ntorya and EPS...? Particlularly of that were to provide insights to the likely future plans for Oil extraction.

NT3 is not for now, it is for the "future"; and particulary if that future requires a shorter term farm in partner to assist with Oil development for example....
joebop
Posts: 2,088
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 22:13
It was just a general time frame I was looking for, ie, quick or slow as fcuk
gaslady
Posts: 3,717
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 22:05
i take you may be thinking about N2 to Madimba?

Similarish distance as the crow flies isn't it?

kn pipe was undersea and at zero cost btw...
joebop
Posts: 2,088
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 21:38
Cheers Gl. Around 3 months, built and tested.
gaslady
Posts: 3,717
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 21:27
look up the february 2015 RNSs for aex and solo
joebop
Posts: 2,088
Off Topic
Opinion:No Opinion
Price:3.575
RE: 2+2 = 5 ?
Sat 21:07
Can any of the longer shareholders here remember off hand how long the spur to kiliwani took to build?




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