CPH
06 May 2015
Anyone notice that on HL not one AEX trade is filed this morning???
CPH
14 Apr 2015
£ 47 a share I think more like £ 0.47
CPH
14 Apr 2015
Loan: Solo has the option of a further 6.5% which will reduce the debt by £ 3.5million to £ 4.5million if the gas flow is happening and the GSA signed there would be no problem of the refinancing of the remaining debt!!
CPH
14 Apr 2015
RNS: maximum of3.5 month to GSA if production starts in the first half of the year???
CPH
25 Mar 2015
Tanzania: Pipeline commissioning delayed Tanzania Petroleum Development Corporation (TTanzania: Pipeline commissioning delayed Tanzania Petroleum Development Corporation (TPDC) has pushed back the expected commissioning date for the Mtwara-Dar es Salaam pipeline to Q3 this year after heavy rains in November delayed welding work. New TPDC director-general James Mataragio told the East African Petroleum Conference in Kigali on 4 March the Chinese-built pipeline was 98% complete. Pre-commissioning checks such as pressure testing still need to be carried out before the pipeline can start commercial operation. AE, African Energy, TPDC, Downstream, East Africa, LNG, Songo Songo, Maurel & Prom, Wentworth Resources Go to full articlePDC) has pushed back the expected commissioning date for the Mtwara-Dar es Salaam pipeline to Q3 this year after heavy rains in November delayed welding work. New TPDC director-general James Mataragio told the East African Petroleum Conference in Kigali on 4 March the Chinese-built pipeline was 98% complete. Pre-commissioning checks such as pressure testing still need to be carried out before the pipeline can start commercial operation. AE, African Energy, TPDC, Downstream, East Africa, LNG, Songo Songo, Maurel & Prom, Wentworth Resources Go to full article
CPH
25 Mar 2015
Don't worry, thank you irishmouse and I agree with you 100% since yesterday there where floating some ideas about AEX, I know have ben in this share for a longtime and still see the potential but it would be nice to have an update from Jay from time to time,
CPH
24 Mar 2015
OUT of which woods you jumping out from the J-KJager deramper woods, you are piss be right off, I have been with AEX for years and just invetsed last week a further 10k so peoples like you are justy a waste of time.
CPH
24 Mar 2015
Further Solos signature has not been done because the GSA has not been signed, it has not been done as they need to have the funds available first.
CPH
24 Mar 2015
J-KJager you are talking with hot air you are new on here so shut up wit stuff you dont even have a clue what you talking about
CPH
20 Mar 2015
It is a step forward, but in the past RNS they have mentioned that they sell the gas at wellhead?
CPH
18 Mar 2015
Ophir reluts are open tomorrow at 10.30am and it is possible to have them via weblink, Ophir would be the perfect farm in partner for Aminex in Tanzania, maybe tomorrow there will be an early RNS with this positive news.
CPH
18 Mar 2015
RE: jabajaba, I do fully agree with your comments and yes AEX is not the best company to get any positive updates, they are slow of informing us on the progress and it takes to long for many of us.
CPH
18 Mar 2015
Thing is there is no movement right now as everyone is waiting for an update of any kind, but I am positive I bought a further 510000 shares yesterday and sit and wait!!
CPH
18 Mar 2015
Solo Oil plc (AIM:SOLO) Patience Will Pay Off & Soon Why the completed gas pipeline from the Songo Songo processing plant to the Kiliwani North Gas KN-1 well is such a significant value catalyst Songo Songo Island sits 15 kilometres from Tanzania’s mainland. Gas was first discovered there in 1974 by the Italian oil company AGIP (now ENI). It took thirty years of huge investment by the government of Tanzania and its international financing partners including the World Bank, to help get the hydrocarbon processing, pipeline infrastructure, processing and power plant in place that laid the foundations to enable commercial gas production to start flowing in 2004 and served as a major catalyst in attracting a raft of international oil and gas companies to Tanzania. Investment in Tanzania’s hydrocarbon processing and transportation infrastructure still continues to take place and at pace. The Chinese have recently completed the construction of a gas pipeline from Mtwara to Dar es Salaam, which will enable gas from the Mnazi Bay production area to be transported up to Dar es Salaam and where the large Ruvuma discoveries can now be monetised, given that the 36†diameter pipeline runs right through the onshore Ruvuma and Mtwara oil and gas fields. This is good news for Solo Oil (AIM:SOLO) and AMINEX (LSE:AEX) who are the two partners in onshore Ruvuma and where the completed gas pipeline runs just 20 kilometres from the Ntorya-1 discovery well. Ruvuma is the “BIG ONE†and it is just a matter of time to when the massive value of Ruvuma, with over 100 TCF in offshore discoveries to date, is unlocked. But it is back on Songo Songo Island where Solo and AMINEX will begin to reap the rewards of over forty years of massive infrastructure investments by the government of Tanzania and its international financial partners. In just a matter of weeks, approximately 20 million cubic feet of gas per day will start flowing from the Kiliwani North KN-1 well to the Songo Songo gas processing plant. This is a facility that has a capacity to process between 1.98 MMcm/d (70 MMcf/d) and 2.97 MMcm/d (105 MMcf/d) Gas from the KN-1 well, following processing, will flow through a 12 inch pipeline that runs 25 km (15 miles) from Songo Songo Island to the Somangafungu onshore processing facility where it is then transported another 207 km (129 miles) by a 36 inch pipeline to the Ubongu power plant in the Tanzanian capital, Dar es Salaam. London listed AMINEX is the operator of the Kiliwani KN-1 well, Solo has a 6.5% interest but with an option to increase that interest by a further 6.5% to 13%. For Solo, the company will initially be earning cash flow from sales of 39,000 MMBtu per month (39 million cubic feet of gas per month as part of their 6.5% stake) at a NYMEX price of 2.73$ MMBtu this would give Solo free cash flow of circa $106,470 per month. Should Solo exercise their option to increase their stake in Kiliwani to 13% (78,000 MMBtu per month) then this figure would double to $212,940 per month. Solo will make the transition from explorer to producer in a matter of weeks and where these cash flows will have an immediate impact on the valuation of the company. For example if the option to increase their stake in Kiliwani is exercised by Solo, the cash flow earnings in the first year would increase the valuation of the company by at least 5.8% taking the market capitalisation to a figure closer to £32 million. Clearly the markets are negative at the moment on oil and gas equities, but like the infrastructure in Tanzania, Solo and indeed AMINEX are as safe a bet as you can get. The current share price of Solo and AMINEX does not fully reflect the impending value increase from Kiliwani’s earnings and indeed the massive value of Ruvuma which like those early investors in Songo Songo, will at some point deliver alpha returns and where patience will eventually pay off. Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest Posted by Brand:Analyst at 13:40 1 comment: Thursday, 11 September 2014
CPH
17 Mar 2015
just need some news really, has been such a long time and nothing happen but I do believe that now with the gas flowing soon via the pipeline it should come clean now and investors will be rewarded!!
