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Aminex Share Chat (AEX)



Share Price: 0.825Bid: 0.81Ask: 0.84Change: -0.04 (-4.62%)Faller - Aminex
Spread: 0.03Spread as %: 3.70%Open: 0.865High: 0.865Low: 0.825Yesterday’s Close: 0.865


Share Discussion for Aminex (AEX)


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logan123
Posts: 1,496
Off Topic
Opinion:No Opinion
Price:1.45
celticheart
13 Jan '14
logic thinking
 
Celticheart
Posts: 4,375
Observation
Opinion:Strong Buy
Price:1.45
logan123
13 Jan '14
Simple, they know where this is going and want your shares cheap
logan123
Posts: 1,496
Off Topic
Opinion:No Opinion
Price:1.45
how can they drop this
13 Jan '14
on todays trades
OllyJ1
Posts: 136
Off Topic
Opinion:No Opinion
Price:1.48
1 Share Trade Trade
13 Jan '14
Just gone through, for those who believe in codes. News is due of course.
OllyJ1
Posts: 136
Off Topic
Opinion:No Opinion
Price:1.50
View Thread (2)
RE: Calcs
13 Jan '14
I think the RNS from 31st Oct 2013 helps to clarify those points to some extent. Hopefully there will be an update on the conclusion soon.

Aminex PLC ("Aminex" or the "Company") announces that gas sales negotiations between its Tanzanian subsidiary Ndovu Resources Ltd. ("Ndovu") and the Tanzanian Petroleum Development Corporation ('TPDC') for its Kiliwani North Field in Tanzania are at an advanced stage and expected to be concluded prior to year end.

As part of the gas sales arrangements being negotiated, and at TPDC's request, TPDC will now at its own cost construct the tie-in line from the new gas processing plant currently being constructed on Songo-Songo Island to Kiliwani North. Ndovu has formally granted consent to TPDC to carry out this part of the project. As a consequence of this variation, production from Kiliwani North will now be metered and sold directly at wellhead. This will save Ndovu both the initial capital as well as ongoing operating expenditures in maintaining the tie-in line.

Further, TPDC has this week advised the Company that the major regional 36" pipeline project to Dar es Salaam, financed by the Chinese Export Import Bank, is approximately on schedule, reconfirming that first commercial gas is expected onstream in early 2015, as previously advised by the Company.
Kikadini
Posts: 2
Answer
Opinion:No Opinion
Price:1.53
View Thread (2)
Calcs
13 Jan '14
Tanzania is not the best of places to operate as a small gas supplier, and that clearly has impact on potential upside. A great place to start for reading up on upside potential: Orca Exploration web site and seekingalpha´s research piece on that company. Orca is currently sending approx 100 mmcd/d of gas to Dar, and is in negotiations for a GSA for the new pipeline.

Problem seems to be that the suppliers are at risk of not being paid for the gas they are sending off. Until that is resolved, valuation of gas assets directed to the domestic market will suffer.
JoeCreed
Posts: 645
Off Topic
Opinion:No Opinion
Price:1.55
Seismic surveys
12 Jan '14
Anyone hazard a guess as to how long before we get first results from Tanzania?
LUFC1111
Posts: 408
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.55
Calcs
12 Jan '14
Please correct me... 7.5m barrels of oil at 100 dollars per barrel. 750m x 65pc is 487m dollars.. convert into pounds is 295m...
TIPTOP
Posts: 2,945
Observation
Opinion:No Opinion
Price:1.55
£70k
12 Jan '14
Those buys at the end of play on friday were considerable for Aminex. It was clear the mms were gathering stock to fill those orders. We should see this move higher now, or maybe news is due Monday.

Either way it should be a good week.
TIPTOP
Posts: 2,945
Answer
Opinion:Strong Buy
Price:1.55
LUFC
12 Jan '14
Not sure how you arrived at £270m???



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