Seagull2
08 Jan 2018
Re: Proactive Video - Aminex releases op... This is the Tanzian goverment who have been busy ripping up agreements from previous administrations when it comes to the countries natuaral resources. The most hogh profile being Acacia which had to surreder a sizable chuck of it's operations to the goverment giving it a free carry of 16% having accused the company of owing $190 billion in unpaid back taxes! Link to article below.[link]
Jay053
08 Jan 2018
Re: Proactive Video - Aminex releases op... At the very end of the video....'Id also like to thank the Tanzanian government for their continued support'Sounds like the production license is not an issue.
II Editor
08 Jan 2018
NEW ARTICLE: The Oil Man: VOG, Aminex, Ascent "WTI $61.44 -57c, Brent $67.62 -45c, Diff -$6.18 +12c, NG $2.80 -9cLast week WTI was up $1.02 and Brent rose by 90 cents, forecasts of economic growth were good and international bourses mainly continued to rise. The more of this we can get in the ..."[link]
Seagull2
08 Jan 2018
Re: Proactive Video - Aminex releases operat... Still no news on 25 year production licence.
Jay053
08 Jan 2018
Proactive Video - Aminex releases operations update Pretty much what I predicted for NT3 a year ago. Aaron LeBlanc, COO of oil and gas company Aminex (LON:AEX) talks Proactive through developments at the Ntorya 1/2/3 wells in Tanzania. The new operations, Aaron explains, will enable Aminex to exploit further multiple leads and assets there in the very near future. See Kiliwani North well updates here too, particularly on a significant recharge happening at the reservoir close to the well bore. Aaron also sets out forward plans for 2018/19 during which time he predicts higher production rates and enhanced profitability.[link]
grukker
05 Jan 2018
Re: Half Yearly Report It seems other competitors have got plans ? [link]
Jimla
03 Jan 2018
Re: Half Yearly Report Haven’t seen anything about a spud date and Q4 is now defo gone....poor.
walrog
17 Dec 2017
Director deals It’s always good to see the BOD buying shares.ATBWR
Jay053
05 Dec 2017
Video - Jay Bhatercherjee, share price drift Jay Bhatercherjee CEO of the Africa-focused oil and gas company Aminex (LON:AEX) talks Proactive through the recent share price drift and says Aminex is now in a much better place.Listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange Aminex has a world class asset base with proven reserves and a route to monetisation for all its assets. Jay tells Proactive how 2018 looks set to pan out.[link]
Seagull2
29 Nov 2017
Re: Malcy Shame Malacy doesn't explain reasons why the share is at this depressed level having hyped it when was up over 5p may have even touched 7p when he jumped on the band wagon. He just bigs up shares and doesn't mention the negative, clearly market thinks the 25 year production licence application is in danger of being knocked back ( consultants or no consultants) imho.
ybhere
24 Nov 2017
Thanks to Vik1 on LSE Discussion board.On the subject of fertiliser plants, I missed this one from last week. Apols if it's been posted already. The Ferrostaal mega plant has been discussed for years, and is great to see some formal progress being made. The best part: 'The plant is expected to run on natural gas with a consumption rate projected at 104 million standard cubic feet per day '. That's nice and chunky.[link] the first time in the country’s history, the Tanzania Investment Centre (TIC) has officially received an application for the registration of a mega fertilizer plant project worth 1.9bn US Dollars (over 4 trillion/-).Ferrostaal Industries Project GmbH, the Germany investor in the project, submitted its application documents to TIC yesterday for the construction of the mega fertilizer plant in Kilwa, Lindi Region.It will be implemented jointly with Danish shareholders -- Holdor Topsoe A/S -- will be registered under the name of Tanzania Mbolea and Petrochemicals Company Limited (TAMCO).Tanzania Petroleum Development Corporation (TPDC) is also a shareholder in the project. According to the TIC Executive Director, Mr Geoffrey Mwambe, the project will create 4,800 direct job opportunities of which 300 will be filled by expatriates.The plant is expected to run on natural gas with a consumption rate projected at 104 million standard cubic feet per day (104mmscfd). Mr Mwambe said the plant is expected to produce 1.3 million tonnes of UREA fertilizer per annum (about 3,850 tonnes per day), reducing tremendously the country’s use of its foreign currency in importing the fertilizer.According to the TIC executive director, Tanzania’s annual fertilizer demand stands at 350,000 tonnes. Given the bulk nature of fertilizer production, the executive director said part of the consignment would be exported to neighbouring countries.Kilwa has been chosen as the project base as it will be easier to haul raw materials from sites in the southern regions. Kilwa’s proximity to the natural gas infrastructure will also simplify project implementation.“This project is of great importance to the government, given the fact that the country is now implementing an industrialization drive to enable its economy attain middle-income status,” Mr Mwambe said.He added: “It is very rare for any country, especially one in the developing country category, to register this size of project. It is a strategic and exemplary project that everyone must be proud of.”According to the TIC executive director, discussions on registration and implementation were held for a long time before an agreement was reached. Mr Mwambe said TIC would expedite the registration process so that investors and the country could realize its potential soon.He said residence and work permits would also be processed and issued to the expatriates involved, for speedy takeoff. The production of UREA fertilizer by the new plant would bring a sigh of relief to farmers who have been complaining of receiving the commodity late every farming season due to importation drawbacks.Local sourcing of the fertilizer would automatically reduce its market price, considering that freight charges have always contributed to high prices, negatively impacting on productivity due to farmers’ inability to purchase it.The envisaged plant is the largest investment in the sector of agricultural inputs. Minjingu Mines and Fertilizers Limited also produce fertilizers for local use and for export. Its production capacity is reportedly 100,000 tonnes per annum.The submission of the documents to TIC was witnessed by diplomats from Germany and Denmark.YB
crudehope
23 Nov 2017
Re: DL - TheMysteron, where are you these days - you haven't posted since February. If you read this come over to SOU LSE & say hi: it's been such a long time since we spoke! Hope all is well with you?Cheers, Crude
ALAGUSAM
15 Nov 2017
Development licence Why havnt we received it yet?
ybhere
14 Nov 2017
Solo $5 m - Tanzaniz - HH RNS from Solo which impinges on Aminex & Tanzania.The First Tranche will be used to fund the Company's share of forecasted activities within the Company's investment portfolio, specifically:· the final reconciled expenses for the Ntorya-2 well and flow testing in Tanzania, in which Solo holds a 25% working interest,· screening engineering studies for the planned Ntorya early production scheme and full field development,· a Competent Persons Report for the estimated gross 1.34 trillion cubic feet ("tcf"
gas in place Ntorya accumulation,· additional studies at the Kiliwani North producing gas field, where Solo holds a 7.55% interest,· upcoming long term well testing at the Horse Hill-1 oil discovery in the UK, in which Solo has a 10% participating interest in Horse Hill Development Limited,· pre-drill technical work within the Helium One Limited investment in which Solo holds a 10% interest by means of shares, and; general investment working capital needs over the next 6 months.YB
Jay053
09 Nov 2017
Malcy AminexVery briefly I notice that Aminex has signed up John Bell as a non-exec Director, this is very good news for both parties as he is an experienced and very talented oil man. Currently running Gulfsands Petroleum and doing a good job there JB will add a great deal to Aminex.[link]
