AMINEX Forum

Malcy's view on Aminex Aminex I have been saying that investors should look out for Aminex since I met up with new-ish CEO Jay Bhattacherjee a couple of months ago and today there is a very positive statement out on the company. In the Ruvuma are the new seismic data on Ntorya extends the potential of the area with reserves now increased to 2.3 TCF. Also the thought is that it combines with the Likonde prospect and for extra good luck Jay says that there is potential for a liquids play into the bargain. Very much one to keep looking at as with funding and supportive shareholders Aminex looks to be in good shape.

More good news Press Release Page 1 of 1 AMINEX PLC (“Aminex” or “the Company”) RUVUMA OPERATIONAL UPDATE Aminex today announces that interpretation of the newly acquired seismic data has extended the potential of the Ntorya appraisal area, and management has further increased its resource estimate to 2.3 TCF (Pmean GIIP) by combining the Ntorya discovery with the adjacent Likonde prospect in its Ruvuma PSC in south-eastern Tanzania. The new interpretation has shown that an additional target exists for an appraisal well that would intersect the Ntorya gas and condensate sands encountered in Ntorya-1 and an extension of the Lower Tertiary sands that were found to have oil and gas shows in the earlier Likonde-1 well to the north. This additional target has further increased the recently announced resource potential from 1.9 to 2.3 Tcf (Pmean GIIP). The Likonde-1 well penetrated 97 metres of net sand with an average porosity of 17% within a 316 metre gross Lower Tertiary sand sequence with hydrocarbon shows and a deeper Jurassic zone, containing 250 metres of stacked sandstones with extensive oil and gas shows. The deeper sandstones were not logged at the time, as the well was prematurely terminated in the deepest objective at 3,647 metres due to the influx of high pressure gas. The new seismic interpretation, using the recently acquired higher quality 2D seismic data, shows that the Likonde prospect comprises two distinct channel sands of which the southern channel extends over the mapped Ntorya Cretaceous gas sand. Ntorya-1, drilled in 2012, did not encounter this Likonde Tertiary sand channel, which lies just north of the well, but discovered a deeper Cretaceous gas sand that tested 20MMcfd with 139 barrels of associated condensate. Participants in the Ruvuma PSA are; Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%. Jay Bhattacherjee, Chief Executive Officer commented: “The results of the newly acquired 2014 seismic programme continue to confirm the significant hydrocarbon potential of the Ruvuma PSA. Based on the detailed and ongoing evaluation of the new seismic and well data, we believe there is potential for a liquids play. This would add further value to the discovered gas that would have access to market via the Dar Es Salaam-Mnazi Bay pipeline, which is on schedule to be completed by the year end and runs through our Ruvuma PSA.” For further information: Aminex PLC +44 20 7291 3100 Jay Bhattacherjee, Chief Executive Officer Max Williams, Chief Financial Officer Corporate Brokers Shore Capital Stockbrokers-Jerry Keen +44 20 7408 4090 Davy Corporate Finance-Brian Garrahy +35 3 1679 7788 GMP Securities Europe LLP-Rob Collins +44 20 7647 2816 Yellow Jersey PR (Financial PR) +44 7768 537 739 Dominic Barretto Kelsey Traynor 11 September 2014

A good start !

Well said Kev, couldn't agree more. Despite your insightful and well phrased pragmatism & honesty, I do not think it will be enough to keep certain posters from their childish and excitable rants about how lucky we all are to have a holding in such an AMAZING company like Aminex. I am in a very similar position to yourself, I suspect, and I am here for the long haul, whether it proves fruitful or not, but the long wait wouldn't be as painful if certain posters didn't keep telling how brilliant Aminex is. Here's a TIP for our uber positive poster, instead of telling us all about Aminex and all its resources, why don't you spend your time posting to the large cap co.s you keep referring and tell them how great Aminex is and will be if they dont get in soon !!!

TIPTOP - We all hope your right. But my fear is that guys like you will still be here in a couple of years time saying the same things "watch this space" " here we go " this is about to rocket" etc etc etc. Its the same jibberish on the other boards too. You are not the only one at it !

TIPTOP - are you paid in AEX shares for each word of ramping you can post ? That might explain why you have to post so often, at a penny a word you have to write a lot ! I really do hope the BoD perform and AEX produces the goods but until then please relax with your highly excitable ranting about how brilliant AEX is and the board are...please...

I would say that if buy one share tomorrow you will be paying 1.20 cent for it.

As far as I can make out the share will drop and rise on the strength of only one trade on the Iseq.

I saw that and had to laugh. I wonder is it really just one share? A case of the fat figure.

What % of Northcote do Aminex now hold ?