Member Info for haggismchaggis1

As per the article (view this thread to read it all)

"Assuming the onshore drill in November shows recoverable reserve of up to three trillion cubic feet of gas as forecast, then, Aminex's net share of revenue, before the government takes its taxes, of course, would be a gross £7.5b."

"Even if half of this is accounted for by production costs and royalties, this would make Aminex shares worth about £1 each"

Argue with the data, not the people posting it or discussing it.

I'm sure crustyknob will be using his extreme conservative guesstimates to pooh pooh it, but I have him on filter as I got bored with his constant pontificating and then personal abuse when proven wrong.

Alcapone1,

"rampers have their top ups done"

What a load of utter tosh!!

Rampers don't top up on the way up DUH! They buy at the bottom and THEN ramp it and sell out as it's going up.

HTF you work out there are any rampers here I have no idea, as all I can see is a load of long term holders that want to see their investment produce the upside that is clearly possible based on the huge gas resources it owns, and the revenues it will get from those. And that's before you even look at the current MCap and see it could easily be 2x or 3x that right now based on the resources and free carry to gas sales.

Absolutely. Especially if they find targets that go across both licence areas.

Also a possibility of them finding big deeper targets too.

Gut feeling counts for nothing. Provide a complete analysis of how the figures stated do not lead to a £1 valuation and then your post might have some validity. Harping on about your gut feeling without even a base for it is worthless to anyone reading this post, what's more, it's worthless to you to believe it, as that is what makes people sell out far too early, only to kick themselves as the share price motors on.

Northern, read the posts on the following thread:

https://www.lse.co.uk/ShareChat.asp?ShareTicker=AEX&share=Aminex&thread=95B7D2F3-9F61-400E-8D40-72BDE5A4068D

"domestic production"

So what AFC needs is a USA factory.

I think a Middle East factory with Dutco would come first, to supply Altaaqa for their needs and their regional distribution operations.

Well looking at my screen now, the trading today looks to have edged out the similar April high, so is now the highest volume day since that 110m day.

What's also interesting on this front, is that the 110m was high volume on a big sell off by placees mostly. Today's high volume is mostly on buying. So a great day of consolidation ahead of news on the LNG plant, news of Seismic results, and then the road to drilling.

40.6m traded so far. Looks likely to be the biggest volume since end of March when almost 110m were traded in a day on the placing to fund us to first gas revenues.

Lindi is right next to our gas too, so potential for some of our gas to end up being fed into that LNG plant, if they connect it to the big pipeline, which seems the obvious thing to do.

PageofCups / cperkin,

Excellent, thanks guys!

Lets see what the market does with AEX when that hits the global news channels.

cperkin,

Indeed, tomorrow it is overdue by a week, so could drop any day. Focus on Gas companies in Tanzania should definitely heat up when that hits.

"Breakthrough:’ Vital agreement on $30 billion Tanzania LNG project could be wrapped up by May"
"Tanzania's energy minister is optimistic that host government agreement set for completion by 31 May"

https://www.upstreamonline.com/exclusive/-breakthrough-vital-agreement-on-30-billion-tanzania-lng-project-could-be-wrapped-up-by-may/2-1-1184083

Battle,

Price of Gas in Tanzania, what we will get paid, is fairly isolated from global gas prices, as it is the price the Government will pay Gas producers, and is wellhead prices not retail prices.

I wouldn't think about November as the first catalyst for a big rerating, as the 3D Seismic results has definitely got a lot of potential to do that, and it could come any day at 7am.

JODO,

I suspect after a few years at it he's also very much upped his game so he doesn't make those kind of mistakes again.

The 3D Seismic results will be the next significant event, not the drilling. The Seismic results could be announced at any time, it does not have a fixed time like the drilling, it'll just be down to how quickly they get the survey and data processing completed. I would not be surprised to see a significant uplift in targeted resources, and the mention of oil potential returning to the scope.

Irl-Investor / Battle, thanks for posting!

What I find astonishing is that some will pooh pooh such valuations, but the valuation does not even take into account the Jurassic which may contain a lot of gas, and on top of that we have the possibility of finding the billions of barrels of oil (ref Mike Rego) that is 'washing around the onshore'. With a very detailed 3D Seismic survey currently underway, the results of that survey will come well before the drill in November, and could significantly upgrade the resource, and AEX's share price.

Here come the con men again, seems they all joined at the rectum!!

The SP is showing a lot of strength today. Look at the price bouncing back after sells go through, those sells are just being absorbed. Makes me wonder if we'll close higher and soon be attacking 30p.

Southerhay,

Interesting, thanks! Sounds like one that 2-4 guys could lift on and off a pickup truck or filming van.

Perhaps they could leave a Power Tower on the truck and run the power cables from there?

AFC should get together with one of the film companies and create a bespoke solution for the film industry. Something shorter than a Power Tower and with wheels seems a logical choice, as film crews tend to move around on site a lot. If the film crew have a van with a tailgate then a wheeled system would be easy to get on and off the van, no forklift required.

Southerhay,

Interesting, thanks! Sounds like one that 2-4 guys could lift on and off a pickup truck or filming van.

Perhaps they could leave a Power Tower on the truck and run the power cables from there?

AFC should get together with one of the film companies and create a bespoke solution for the film industry. Something shorter than a Power Tower and with wheels seems a logical choice, as film crews tend to move around on site a lot. If the film crew have a van with a tailgate then a wheeled system would be easy to get on and off the van, no forklift required.

Car sales data for May is out today, and as you can see from the stats the clear winner is BEV (100% Battery Electric Vehicle), with 17.7% increase on sales in May, with HEV up 12%, and all other types down, including petrol 25.1% down, Diesel 50.8% down, and Hybrids down too.

BEV is also the clear winner on Year To Date basis.

https://www.smmt.co.uk/vehicle-data/car-registrations/

More erosion of fossil fuel car economies of scale. More pressure on manufacturers to stop making the ancient technology and get on ASAP with the transition to 100% BEV's. People are voting with their feet, ditching Petrol and Diesel, instead buying EV's or waiting to buy EV's when the right model for them arrives. Petrol and Diesel are dead as far as personal transport goes.

He's still here, he just altered his name for very valid reasons that he has explained many times.