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Aminex Share Chat (AEX)



Share Price: 2.075Bid: 2.00Ask: 2.15Change: 0.20 (+10.67%)Riser - Aminex
Spread: 0.15Spread as %: 7.50%Open: 1.90High: 2.20Low: 1.90Yesterday’s Close: 1.875


Share Discussion for Aminex (AEX)


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TIPTOP
Posts: 4,631
Research
Opinion:Strong Buy
Price:2.20
View Thread (2)
TPDC
19 Nov '14
Aminex still confident of a great relationship

 "Aminex works closely with the Tanzanian authorities, particularly the TPDC with whom it enjoys an excellent and cooperative relationship."
 
TIPTOP
Posts: 4,631
Observation
Opinion:Strong Buy
Price:2.20
development project
18 Nov '14
"accelerates debt repayment and opens up further opportunities in Africa"

Further opportunities in Africa has been mentioned a lot recently. Jay has stated in the past that he had a development project in the pipeline which would be decided by xmas
TIPTOP
Posts: 4,631
Research
Opinion:Strong Buy
Price:2.20
Key channel fairway
18 Nov '14
This is a serious statement and suggests the Namisange/likonde/Ntorya prospects are going to be the fairway. Today was the first time Sudi had been mentioned by Aminex in a while . The Sudi prospect lies closer to the sea than the others so are they trying to tie Sudi into the fairway or is it the oil potential they are interested in !!
TIPTOP
Posts: 4,631
Answer
Opinion:Strong Buy
Price:2.20
View Thread (4)
RE: Gas price request from TPDC!
18 Nov '14
Let's get this right at there are so many different ways this info is displayed

1mmbtu = 1 metric standard cubic foot or scruf as it's nicknamed.

Sometimes if it's written down they still carry the m for metric so 1mscf. Not to be confused with 1 million standard cubic feet but 1 metric standard cubic foot.

Hope that makes sense
lastthrow
Posts: 33
Off Topic
Opinion:Strong Buy
Price:2.20
View Thread (4)
RE: Gas price request from TPDC!
18 Nov '14
Intelligent response from greyingsurfer over on advfn:

Can anyone put this into an Aminex perspective?

Not directly. This is an application to set a rate for transport and processing of gas that will be charged directly, or indirectly, to the end user according to how the sale and pricing is done. In the case of AEX they are going to be paid at the wellhead, so the cost of processing and transport will be charged to the consumer by TPDC, adding on what AEX get paid. Converting to SCF, it's around $4 mSCF

One note of interest is the clear statement that the proposed charge is a flat rate. There is no suggestion that gas from different sources will be charged differently. Therefore the agreed Wentworth price, of just over $3 mSCF should correspond closely to what's in the AEX GSA. Wentworth have supplied the infrastructure to deliver to the processing plant, whereas at KN1 TPDC are building the 2km pipeline to make the connection. The cost of doing that may be reflected in the GSA price, but I wouldn't expect it to be a large amount per mSCF.

Peter

Interesting!

LT
TIPTOP
Posts: 4,631
Answer
Opinion:Strong Buy
Price:2.20
View Thread (4)
RE: Gas price request from TPDC!
18 Nov '14
Mate that is fantastic news if we gain that price. 1 mmbtu = 1 scruf ( 1 mcf) so it's $4.178 per mcf. I think Wentworth only got circa $3 !!

However, this maybe the price they are selling it on at. They have processing and pipelines to pay for. Difficult through wording to be sure
TIPTOP
Posts: 4,631
Answer
Opinion:Strong Buy
Price:2.20
View Thread (2)
RE: Tiptop
18 Nov '14
Yes mate, consolidated gains on a great update. Nothing really new just showing on target. Under promise and over deliver. Personally I think Nyuni is on the brink of a deal.......just a hunch though !!
Puddy
Posts: 393
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (2)
Tiptop
18 Nov '14
I would call that nice and easy solid gains would I be right gl
TIPTOP
Posts: 4,631
Answer
Opinion:Strong Buy
Price:2.20
View Thread (2)
RE: break even
18 Nov '14
Besides.......we are all looking forward to crashing at your luxury french pad ;-)
lastthrow
Posts: 33
Off Topic
Opinion:Strong Buy
Price:2.20
View Thread (4)
Gas price request from TPDC!
18 Nov '14
Gas price request courtesy of gone fishin on iii:

http://www.ewura.go.tz/newsite/index.php/natural-gas-news/205-tpdc-tariff-application-for-natural-gas-processing-and-transportation

Can anyone put this into an Aminex perspective?

LT





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