Yes mate but currently we've only proven a circa 180 mcf/d at Ntorya with a possible 2 - 4 TCF in the area. If we run a small pipe out to Ntorya then none of the further discoveries could be monetized. Also, Jay wants to form a gas hub and processing facilities at Ntorya to supply Mtwara with industrial gas. This retails at around 2-3 times gas that is used to produce electricity. For this we would need to prove up at least 1 TCF, unless the TPDC are willing to begin building the facilities on the back of Bernards CPR. So my point is, the end result is different dependent on how much gas we have. Drill 2 more wells, prove up the gas then build a huge gas processing plant. This is the type of manager Jay is and his planning is exemplary. Looking to the future.......but once these projects are inked we will be a takeover target. !!!
According to a DL tweet a few weeks ago, Ntorya is ready to go isn't it if we get hooked up? I know we plan to do extra drill(s)', but isn't what we have drilled already a discovery waiting to be monetised?
Unfortunately many PR companies are the same and rest on their laurels. Also many of these companies are run by the last generation and improvements in technology and the realisation that shareholders of today require much more detailed and regular information goes unnoticed. Times have changed and PI's now have the capability of hearing world news by the second and can sell stock within a minute using mobile phones and related tech. This new market place requires more regular updates for shareholders. The BOD have info fed to them very regularly and most of this info is not price sensitive and therefore could be fed to the markets through Web casts, scroll bars on websites and Internet radio interviews to name a few. The more info provided the better the shareholders would feel connected. Even bad news is better heard as it develops rather than a huge shock after the event gas unfolded.
Eventually these companies will realise how powerful media can be. NR is one BOD member who is leading the way in this field. I'm talking about regular and detailed info on news and processes, NOT HYPE ala DL.
I think the SP has struggled in the past due to Aminex having nothing physical to underpin the shareprice. For large institutions to begin investing in Aminex we need a production income to underpin the shareprice. The current value assigned to our company is merely due to the huge upside potential that our acreage holds. Once production begins, income arrives and our exploration plans are released, then we will see institutional investors arrive who will buy big and hold longterm. This will ensure small insignificant pieces of news will not allow the shorters to pounce on the opportunity. The big time is upon us and Aminex will be a different company in a few months. This is huge for us as our first income/profit arrives and it won't just trickle in. Kiliwani will begin producing between $10-$15m and has the potential to produce more like $20-$30m of cashflow (if they turn up the taps). We also have Ntorya which has the potential to be brought online fairly quickly if they choose, which could produce an additional income of $20m, so a potential $50m income is possible. There would be very little overheads on this, just taxes, but considering we have spent over $100m on exploration I'm sure our accountants can set off any liabilities for the first couple of years. Jay has stated the Tanzanian government would be very supportive if they do choose to bring Ntorya online. IMO, We really need to drill 2 more appraisal wells at Ntorya to prove up our reserves to help decide what facilities/pipeline are needed.
There is so much major newsflow due over the coming weeks and months
This month Irishmouse fell out on the 5th feb (sorry to say cos that is me)
In the lead now is Juanto feb 10th 9.30am
Things are getting exciting now, but I wonder what it will take to get the sp to over 3p as it was in October last year when we had no real news in. Now is the time for the YJ's to earn their keep.This share does seem to drop for no real reason, so the pressure must be kept up. Looking forward to Monday morning and GLA.
I don't think I have ever seen this aex board so busy with chat at the weekend. Sign of things to come . I think while there is lots happening the one thing in the current environment which stands out a mile for AEX is been debt free in a few weeks.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.