Member Info for SQ320

Is there a formula that could be used for netbacks at different prices? TIA

"NIPCO/Accugas has a solid business logic, lots of opportunities (particularly in the upstream expansion given the government is now looking for technical ability rather than just insiders), but doesn't benefit from being tangled up with renewable projects all over the continent (which are better positioned inside a green fund). "

My understanding was that the green stuff enables funding/investment from various international institutions for ESG reasons.

I thought that the issue with rigs was that you wanted something with a few miles on the clock partly because it makes sense to have a crew who were familiar with it.

Basics might include Niger, but at the latest accounts show, that's way off in the horizon - for whatever reason.

Do we know who the auditors were for the AR and the most recent interims? I get the suspicion that the new auditors may have been more stringent with their approach and put pressure on the Directors. Speculating.

"I know Roger, I'd love it to be 3p now. "

3p is not high enough to take a big wedge off the table and it isn't cheap enough to buy large amounts this far out.

Well they had the chance literally a few weeks ago and did not take it! Directors also discounted this scenario at the AGM.

There's caution and then there's fact-free deramping.

"Actually Aminex can say whatever they like in a non regulatory or reach RNS, ARA can't stop them."

What planet are you on?

AEX senior management are to all intents and purposes ARA people.

You can be pretty sure that whatever comms strategy AEX have is decided by their majority investor, who will amend it to suit their long-term strategy for AEX including the share price trajectory.

Source: https://x.com/AminexPLC/status/1956313344710688901

Tanzania, I can understand you liked Brian Hall, he was nice and affable.

But the fact remains that he had not been dealt a great hand. If he had he would not have ventured into North Korea. I mean really! What was the chance of that ever coming off? If it had not been for covid and Magafuli copping it, we would be be nowhere near where we are now.

"I did say CH-1 could be a gusher. 50mmscfd would be a great uplift to the very conservative 20mmscfd they've initially suggested. "

Since the well head has already been constructed, surely it's specs would show what tolerances ARA are expecting? Any technical people want to comment?

"It was good to see the AGM very well attended, with the room almost full!"

They will need a bigger room next year. Royal Society of Chemistry around the corner would be my bet.

As an attendee what I can confirm is that some attention was paid to whenever the Maurel & Prom rig would be released ...

"It could pay dividends that increase as the revenues increase."

Please no.

It's going to set off someone who'll ask never-ending questions at the AGM about a dividend.

Edgar - the specific piece at the start of this thread refers to modular LNG infrastructure - could that be the reason why they are not going for a bigger pipe?

Does all this news mean we will get to 280mmscfd quicker than the company has stated? Or indeed that we may have news of expansion beyond 280 in due course?

You asked about this around this time last year and this thread has some answers:

https://www.lse.co.uk/ShareChat.html?ShareTicker=AEX&share=Aminex&thread=4749AA51-B43C-4278-BB48-69949D2FC031

Aminex also advises that its Annual General Meeting will be held at 2.00 pm on 24 July 2025 at The Geological Society, Burlington House, Piccadilly, London W1J 0BG.

https://uk.advfn.com/stock-market/london/aminex-AEX/share-news/Aminex-PLC-Final-Results-and-Annual-Report-2024/95933342

"announcements in next couple weeks before AGM"

The AGM is in mid-July. That's about 8 weeks rather than 2!