Fellow share holders, an extract from the East African posted yesterday. Pzulba posted the link so please read. The extract; Initial production will be from the Mnazi Bay field wells in Mtwara. Total output of natural gas will increase to 130 million standard cubic feet per day in future. The Songo Songo field wells are expected to start producing 120 million standard cubic feet per day in October. am I missing something here or could it be that our GSA might be further delayed and we are waiting to see who blinks first. If it is October for our field then it is a further period of uncertainty, where the markets will hammer this share. Thoughts anyone?
Can't believe the negativity here this is all talk made up by each other ,this is gonna come good just can't believe that all this idol chat between most of you still comes so close to thev29th july 15.I got my own thoughts this is a winner its going to happen ,China have pumped million into this and will want there profit too.any for all the doubters carry on worrying.
"The new pipeline will enable gas from Mnazi Bay and Msimbati fields in southern Tanzania — owned by Wentworth Resources Ltd with Maurel Prom — to be delivered to Dar es Salaam under an agreement signed with TPDC."
May be Wentworth is the winner here? So why are you guys so focused om Aminex when there is a runner in front with a valid GSA, ready to fill the pipeline within a few days days? Wentworth also has a take or pay deal implemented in their GSA and will therefor be the preferred supplyer of gas into the pipe.
We all seem to be of the same opinion ,however this much awaited RBL would be very difficult to obtain without some form of income.I do not belive we will get it on assets alone,this I feel is our stumbling block.No GSA,no income no RBL.Wentworth could start pumping gas,taking a risk as they so far have no payment protection And that is a risk they could take,they could supply the immediate needs for gas,making AEX less important within the supply chain.I do hope that I am very wrong and the above is utter rubbish , an early next week RNS would put my mind at rest.
Thanks for your last post, I thought it was me that was just on a downer on AEX. Yes many years have passed by and I'm sure we have passed comments on the iii board. The fact is i have many millions of reasons for hoping there will be an upturn in the sp. The gsa confirmation,if and when we get it will not have a big impact on the current sp. However if Jockey jay and Brian the drain Hall and the rest of the motley crew can pull the finger out and get a secured RBL against our so called valued assets you know the ones (every oil and gas company are chasing????????), we may see some returns. I can't fault four tops post with his enthusiasm but it's the same old song with AEX (not his fault) Best Regards M6
For what it's worth. I believe that the coming week will be the most critical for the credibility of the now "not-so-new" Aminex Board.
It seems that someone's playing "who blinks first" as it is fairly apparent that TPDC do not need our gas to test the pipeline functionality and we have absolutely no clout in forcing any issues with them regarding the signing of a GSA, the lack of which has tested the credibility of what we are told by our Board and is likely to fracture a lot of peoples' belief in the Board IF it is not signed next week.
Jay simply cannot prattle on about "imminence" when the meaning of that word has been elasticised to breaking point with my own feeling that if I see his grinning face on my screen again weasling on about the assets we have I will chuck my PC out of the window.
That's it as far as I'm concerned; either we will see Company-changing news next week or it'll be more of the same with the shareprice falling even below the last placing point ......... hope I'm wrong but Aminex does not have good history behind it!
About this share,there have been so many high's and low's over the years,so many RNS's expected,so many time lines broken.I have been lucky enough to buy in at the low points and have a nice margin now.So many times I felt I should get out ahead and move on but did not.There is something there despite everything that keeps me here,perhaps if I live long enough ......................
Thanks for your input. I have actually been in this share since 2011 and seen the drama unfold with so many false starts. My comments have seen people respond with their views which is what I wanted. I like everyone else want to see the GSA signed. There was mention that this could happen this weekend due to Obama visiting Kenya next door. Personally don't see the relevance there!! The Tanzania government need to get there finger out and deliver. I do hope the Chinese are applying the pressure in spades.
No attack from me either, you post is accurate but only if you take a long term view. I myself am lucky enough to be a fairly recent investor and bought most of my shares last year, I average .9p. This share has delivered amazing shareholder value for me, and I'm sure I'm not the not one.
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