Member Info for cperkin

Steve the assets @ Ruvuma are confirmed with 2 drills and an INDEPENDENT CPR, not only that but the Omani's have offered Aminex $40 million for 50% and committed a spend of $107 million to bring them to production. There is nothing wrong with the asset only the valuation here which is not being reflected in the market cap and SP.

The proven market value of the assets are multiple of the current market cap

Yep the £15K buy did not budge it even by 0.001p but a £3.02 sell does - WTF

Seems that way Phillo and they can only be selling at a loss so either distressed and badly need the money or some other game afoot, regardless Q4 will be very significant on Horse Hill ,Ruvuma and Kiliwani front at least.

Amazing a 10 fold increase in resources and a 50% decline in the SP.

Once that Mtwara licence extension is issued then the value starts to come back and that should be very soon :)

Cheers EB, a small initial stake :)

Good luck all and lets see the FS this month!

lol Drewky it looks like a very good recovery play to me from here, once the licence and Farmout is concluded the Zubairs can get on with the job of getting to production and all on a carry for AEX.

The sooner the better of course!

I found it very useful and am grateful for the research shortcut myself. Had a little buy here today as a result.

GLA

Sorry to be clear 763 BCF 2C + 900 BCF GIIP

Is this the correct summary now as per the slide on page 8?

the C-1 drill is as it is now targeting 900 BCF in the lower Jurassic target + 763 BCF in the Cretaceous making the new total 1663 BCF or 1.7 TCF

http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

I think they are talking about if the 900 BCF in the lower Jurassic target and IF it is the illusive oil they have been looking for steve, the COS must be very very low and the calculation used there are based on recoverable for the full GIIP figures @ $80 and should not be considered at all at this stage.

By the way my summary earlier (Q4 events) significantly underestimated the C-1 drill is as it is now targeting 900 BCF in the lower Jurassic target + 763 BCF in the Cretaceous making the new total 1663 BCF or 1.7 TCF

See page 8 in the below

http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

There is no doubt they are looking for oil in the C-1 drill as they have been hunting for it all along, COS must be very low though.

So do we get free Pizza with the $40 million Carry?

Final results of the Araguaia 43-101 Feasibility Study ('FS') are being prepared and expected to be announced to the market in October 2018

Red dot watch then.

Could be the last stop loss hunt prior to the spud and the BOD's much needed 20p.

Hi Philo, you make a good point, it's just I am reminded of the AEX CEO saying that the C-1 drill was not dependent on the 25 year development licence. In saying that once the farmout is complete and the Zubairs begin as operator I expect that the political landscape will become more favourable. Roll on that Circular and Aminex EGM vote.

lol Crusty, Happy for it all to be gas myself!

Looking forward to some excellent posts then Mousey ;)

Why I’d buy the Aminex share price before Bitcoin.

but I like my investments to be backed with real companies running real businesses that own assets producing real cash inflows, or which have the potential to generate cash in the future.

Great potential
I’d rather go for a firm with a business that has lots of potential, such as Tanzania-focused gas and oil production, development and exploration company Aminex (LSE: AEX). The firm’s long-suffering shareholders have seen the stock slide more than 50% over the last year, but I think there are reasons to be optimistic about the immediate future. The farm-out agreement the firm recently signed with The Zubair Corporation is a potential game-changer that looks set to fully-fund development of Aminex’s Ravuma acreage to full field development and “material” cash flow. The firm is finding mostly gas, which is sold to the local market. If it achieves the target rates with the development programme Aminex could see revenue up to $40m per year.

However, the share-price weakness reflects a few uncertainties. The farm-out is due to complete by 30 November but requires approval from the Tanzanian Government. But Aminex is in dispute with the government’s energy arm, the TPDC, over payments for previously supplied gas, which is an uncomfortable situation. On top of that, production from the firm’s current gas producing well has stalled due to technical difficulties. I’m optimistic that the short-term challenges will be solved allowing the long-term potential to bloom and would rather bet on Aminex than on Bitcoin.

https://www.fool.co.uk/investing/2018/10/01/why-id-buy-the-aminex-share-price-before-bitcoin/

Thanks QT

1.0 UKOG Portland commerciality and Kim testing results - impact value of solos 234,042,221 UKOG shares worth £4,6 Million today - might be good to flip some to cash then.

2.0 Mtwara licence extension this month covering Ntroya and the 2TCF GIIP 763 BCF 2C

3.0 Aminex circular and Farm out conclusion $40 million for 50% leaving them 25% the same as solo

4.0 Spud date for C-1 targeting 900 BCF GIIP - Gas and Oil

5.0 KN-1 perforation of deeper target in Q-4 and return to production

Possible 6th being the 25 year development licence, not sure if this will be pre or post C-1

http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

Good luck!

https://www.fool.co.uk/investing/2018/10/01/why-id-buy-the-aminex-share-price-before-bitcoin/

Some very small margin swinger(s)

1.69 80,000 in the morning followed by 1.725 80,000 in the afternoon

1.62 308,641 1.725 308,641 (as above)