(AEX) Aminex

3.80 +0.00 (n/a%) No change

Discussion

Aminex is a London Full List oil and gas exploration, development and production company with oil and gas production in two US states, a 40 million cubic feet/day gas discovery in Tanzania currently being appraised and three exploration licences in Tanzania. In the relatively unexplored Tanzanian Ruvuma Basin Aminex is in an active drilling joint venture with Tullow Oil where the first exploration well was spudded on 9 January 2010. Aminex also participates in an active drilling programme onshore Gulf of Suez, Egypt and has a long-standing exploration relationship with the government of North Korea which is likely to become active when regional politics permit.Visit the Aminex PLC website

1 to 40 of 267 Messages
Date/Time	Subject	Author
Open or close all Post New Message
Result Pages: 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7 \| Next
07:22	shooting seismic at Tanzanian offshore b...	coswhy	3


	View Author's profile Add to favourites Ignore Author's posts
Bounty Oil & Gas shooting seismic at Tanzanian offshore block Monday, May 21, 2012 by Bevis Yeo Bounty Oil & Gas (ASX: BUY) and its Nyuni Area partners are planning to shoot 850 kilometres of 2D seismic offshore Tanzania this year to improve their understanding of the licencefs geology. Besides the 350 kilometres of seismic that is planned to start in the transition zone in the coming weeks, the joint venture will also shoot 500 kilometres in the deep water in the second half of 2012. The decision to shoot the seismic in the deep water area comes after Ophir Energy, the operator of the adjoining East Pande block, announced that it was acquiring 3D seismic across its block cover a number of leads including a large stratigraphic feature with multi]trillion cubic feet of gas potential that appears to extend into Nyuni Block. The deep water and transition zone seismic will fulfil the seismic work commitment required under the initial work period of the Nyuni Area production sharing agreement and will be used to locate further wells. The joint venture has also commissioned a new geological and seismic study to identify further prospects and update resource estimates for the Nyuni Area. Bounty holds a 5% interest in the Nyuni Area while operator Ndovu Resources (Aminex) has 70%. The remaining 25% is held by RAK Gas. More View thread 1 Respond Login to Vote up
Sun 20:35	AGM report and strategy review	davidosh	3


	View Author's profile Add to favourites Ignore Author's posts
Marben100 a very well respected poster and oil and gas investor has this weekend completed his report on Aminex's AGM and provided a full understanding of their new strategy which runs to nine pages. It is exceptionally thorough and detailed and well worth the read whether already an Aminex shareholder or simply interested in the sector. It is available on ShareSoc's member network here... http://sharesoc.ning.com/xn/detail/6389471:Comment:17208 For anyone that doesn't know about ShareSoc it is a not-for-profit organisation that was formed eighteen months ago to support individual shareholders. You'll need to be a member to access Marbens report (and a multitude of others), but you can join for free as an associate member here: http://www.sharesoc.org/free_membership.html Once you've joined ShareSoc, you'll receive an invitation to access the members' network and once registered for that, you'll be able to access the reports and lots of other goodies on there. It is a great resource for AGM reports and any members attending AGMs up and down the country or even overseas that other members have been unable to attend can post their reports so they can be viewed and accessed by other shareholders. There are over sixty there for viewing and they are added to almost every day. You will also receive an excellent free monthly newesletter direct to your email account. Contributors and readers that support our organisation are vital. In just eighteen months ShareSoc has gained immense credibility as an organisation and it has received absolutely no government assistance or charity funding just a few full member subscriptions and donations following very successful campaigns on behalf of members There have been campaigns and challenges against Premier Oil and Faroe Petroleum literally in the last week or so with a case against Lamprell and its Board of directors being put together as we speak. So oil and gas investors should really get behind ShareSoc as an organisation. Please join at your earliest opportunity and do share the benefit of the excellent work undertaken by Marben. Then consider posting your own reports of AGMs. More View thread 1 Respond Login to Vote up
Sat 23:18	Re: AEX up 35% in ireland yesterday........	Nyetimber	1


	View Author's profile Add to favourites Ignore Author's posts
Well spotted Jahirie was this on Hemscott and in Euros ? What was the volume I wonder ? Wonder why it didn't reflect in a rise over here. If not a mistake, makes a mockery of a certain broker's Strong Sell recommendation ! More View thread 2 Respond Login to Vote up
Sat 22:10	Buy AEX up 35% in ireland yesterday..... why...	jahirie


	View Author's profile Add to favourites Ignore Author's posts
Whats that about? Any ideas? More View thread 2 Respond Login to Vote up
Sat 08:31	rig shortages	linguafranca


	View Author's profile Add to favourites Ignore Author's posts
http://uk.reuters.com/article/2012/04/04/kenya-oil-rigs-idUKL6E8F42KB20120404 I would have thought if anything this makes AEX more competitive by comparison but I acknowledge other interpretations are possible. More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Sat 05:08	Re: .- cash position	Nyetimber


	View Author's profile Add to favourites Ignore Author's posts
Thanks are due to you Jahirie. I had thought GS had given up reporting on AEX years ago but true or not, it's poor that digitallook.com state there's just one broker with a 'Strong Sell' stance when I believe Davy is the company's choice. All we can do is await the testing outcome and I believe it was mentioned somewhere that the equipment is on it's way over from South Africa and results would be some weeks down the line. Let's all hope the discovery is proved commercial. More View thread 14 Respond Login to Vote up
Fri 20:07	Re: .- cash position	jahirie	1


	View Author's profile Add to favourites Ignore Author's posts
It wasnt davy it was GS "Cuts Aminex (AEX.LN) to sell from neutral, saying the near-term valuation is challenging, although long-term potential exists" Davy latest note says RESOURCES AND ENVIRONMENT Aminex (AEX ID) Price: 5c Rating: Outperform Issues IMS for first four months of the year Job Langbroek FACTS: Aminex has published (May 16th) an IMS covering the first four months of 2012. ANALYSIS: The statement reiterates the strategy formulated by the new management team. This involves a focus on Africa by selling non-African assets and investing in African companies and assets, further de-risking exploration through seismic investment and looking for appropriate investment partnership. The first months of this year have seen progress in all areas. In the US, the Somerset field in Texas has been sold and a decision has been taken to exit form the North Korean operations — this is new information contained in the IMS). Seismic programmes are being prepared in Tanzania and investment was achieved through a share placement with the Reignwood Group and Empire Asia Group, both representing inward Chinese investment into Africa. Tanzania looks to be the main focus for the group in the next year or so. A seismic programme has been commissioned for the recent onshore Ntorya well discovery area and plans are also developed to shoot both transition zone and deepwater seismic on the Nyuni area PSA. Engineering design is completed for the Kiliwani North gas discovery but this awaits access to the nearby Songo Songo gas facilities. DAVY VIEW: The strategic review has made good progress so far and should deliver a focussed African exploration and development company, centred for now on East Africa. At present, our NAV valuation of the group is 14p per share. More View thread 14 Respond Login to Vote up
Fri 19:29	Re: .- cash position	Nyetimber


	View Author's profile Add to favourites Ignore Author's posts
So LT, you are clearly saying 'Buy' Aminex but the only Broker (I assume Davy) are stating strong Sell. What has your research told you about why you disagree with them ? No rancour here necessary LT - we are after all on the same side. Just your view as opposed to theirs. This is what these discussion boards are made for of course and to help investors make up their minds whether to Buy or Sell. More View thread 14 Respond Login to Vote up
Fri 15:25	Solo Raising Money for Ntorya-1 Test	pinchers


	View Author's profile Add to favourites Ignore Author's posts
Solo issued 32.3 million shares at a “small premium” to the market price and will use the money to fund its 25 per cent share of the testing of the Ntorya-1 well gas discovery in the Ruvuma Basin in Tanzania. http://www.proactiveinvestors.co.uk/companies/news/43023/solo-oil-raises-150000-from-equity-line-to-test-ntorya-1-43023.html More View thread 1 Respond Login to Vote up
Fri 15:16	Re: .- cash position	BarleyBaron


	View Author's profile Add to favourites Ignore Author's posts
LT. The " Public Information Service" post was a good one. I am no expert but I try to improve myself. After a while you get to know who's genuine and worth listening to. Your on that list. Wit and wisdom. Nice comments. Have my off days/ rant days but I do my best to entertain the troops. Siting tight here for the moment before I top up . Going to sit back and wait for the storm to clear. Europe is turning ugly. Chat later as I'm needed to perform an emergency operation on a tractor. Cheers. Baron. More View thread 14 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Fri 14:23	Re: .- cash position	last-throw


	View Author's profile Add to favourites Ignore Author's posts
BB Follow your every post and admire your wit and wisdom and, of course, the service you do to mankind by growing what you grow! AEX is sooooooo frustrating as a share but then, as I recall, there were times with DPL when we all could have torn our hair out! Have to admit that I have sold about a third of OPHIR to get into here and Enegi, just hoping that my tactics and patience will win the day! LT More View thread 14 Respond Login to Vote up
Fri 13:54	Re: .- cash position	BarleyBaron


	View Author's profile Add to favourites Ignore Author's posts
You tell e'm LT. Right there with you me old fruit. How you been. The Baron. More View thread 14 Respond Login to Vote up
Fri 12:00	Buy Re: .- cash position	last-throw


	View Author's profile Add to favourites Ignore Author's posts
Nye Then why Nye don't you do some work yourself instead of relying on others? If you want the facts ask the Head Honcho yourself and don't piggy-back on others. No head-burying here - I am a grown man that has researched AEX well just as I did with DPL where, taking account of OPHIR's takeover, I have made over a quarter of a million ....... PROFIT!!! What every bone in my body is telling me is that AEX bears striking similarities to DPL EXCEPTING ONE THING - AEX's cash postion NOW is far, far better than DPL's when it was taken over by OPHIR ...... FACT!!!!! LT More View thread 14 Respond Login to Vote up
Fri 11:25	Re: .- cash position	Nyetimber


	View Author's profile Add to favourites Ignore Author's posts
FL2 - many thanks for info. I suppose they're saying sufficient cash for the testing side of Notorya1 at least. LT I don't whine and it's no good burying your head in the sand. More View thread 14 Respond Login to Vote up
Fri 10:57	Re: .- cash position	freelance2	1


	View Author's profile Add to favourites Ignore Author's posts
The question about the current cash position was asked at the AGM three days ago to SD. He replied that the company has sufficient cash for the 2012 plans outlined in the new presentation. Further ahead, he said, they have plans to diversify by acquiring participations in projects and/or buying small companies operating in Africa. More funds will be needed for those investments and he said the money will be sought from placements to large investors or from strategic partners, (e.g. the Chinese investor who bought shares about 6 months ago). (my comment - given the history of share prices at past placing times for Aminex and AIM oilcos, small investors will probably get the opportunity to buy shares in the market at or around any future placing price). SD was then asked directly how much cash is there now. Brian Hall intervened at that point and said "we never disclose cash positions except in the interim and final accounts". freelance More View thread 14 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Fri 10:48	Re: appears obvious...	last-throw


	View Author's profile Add to favourites Ignore Author's posts
Nye Rather than just pick, pick at this share why don't you do yourself and everyone a favour and pick the 'phone up yourself eh? Some here, including myself, have actually spoken with the "Great Man" - he does know how to use the 'phone himself and is very approachable. That way we might be spared your constant whining. LT - as if we didn't have enought to put up with! More View thread 14 Respond Login to Vote up
Fri 09:11	Re: appears obvious...	Nyetimber


	View Author's profile Add to favourites Ignore Author's posts
Now showing one broker as strong sell - is this Davy changing their mind ? More View thread 14 Respond Login to Vote up
Thu 22:54	Oil and Gas Journal	Celticheart07


	View Author's profile Add to favourites Ignore Author's posts
http://www.ogj.com/articles/2012/05/bg-has-cretaceous-gas-find-off-southern-tanzania.html?cmpid=EnlEDMay172012 More View thread 1 Respond Login to Vote up
Thu 18:43	Re: appears obvious...	Nyetimber	1


	View Author's profile Add to favourites Ignore Author's posts
Isn't now the time to approach SD with these very questions? Are we entitled to know what is the current cash held and also the monthly revenue income for our company at this moment in time? Has someone on this board got a dialogue with SD allowing him to ask those two key questions ? Do hope so. More View thread 14 Respond Login to Vote up
Thu 18:01	Re: appears obvious...	jahirie


	View Author's profile Add to favourites Ignore Author's posts
They didnt mention current cash in last years IMS either. Only referencing the money raised from the placing. More View thread 14 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 16:01	appears obvious...	Nyetimber


	View Author's profile Add to favourites Ignore Author's posts
Appears obvious that no financial statement yesterday - current income and cash at bank etc has given some the jitters. Why withold ? More View thread 14 Respond Login to Vote up
Thu 15:02	fundamentalbob	Celticheart07


	View Author's profile Add to favourites Ignore Author's posts
For those who don't know this poster check out his message history he does nothing but deramp - GNG, CWR, PVCS, AEX, VIY, SQZ have all come under fire from his malicious posts. More View thread 1 Respond Login to Vote up
Thu 14:51	Re: A perspective on Gas	Celticheart07


	View Author's profile Add to favourites Ignore Author's posts
I should point out that Bob is of course posting a comment from a totally different share :D More View thread 6 Respond Login to Vote up
Thu 14:49	Re: A perspective on Gas	Celticheart07


	View Author's profile Add to favourites Ignore Author's posts
Not taking the hit bob, I am in this as a long term investor. If you can't see the future here that is your call More View thread 6 Respond Login to Vote up
Thu 14:47	Tanzania is blistering	Celticheart07	1


	View Author's profile Add to favourites Ignore Author's posts
http://www.petroleumafrica.com/en/newsarticle.php?NewsID=13582 More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 12:02	Buy Re: Fundamentals' Red Sea	wsspr	1


	View Author's profile Add to favourites Ignore Author's posts
This could be Aminex going forward based on our own 'noisy neighbours' progress: http://www.proactiveinvestors.co.uk/companies/news/42937/ophir-energy-gets-huge-target-price-increase-from-credit-suisse--42937.html Just adding to posts to get rid of baseless 'Sell' posting just below this! GLA More View thread 6 Respond Login to Vote up
Thu 11:37	Buy Re: Fundamentals' Red Sea	last-throw	1


	View Author's profile Add to favourites Ignore Author's posts
fundamental bob Judge a man by his posts - just look at his posting record for a sea of "sells" and about 4 "buys" when he first started posting - never seen so many "sell" recs in my life - talk about Red Sea!!! Just hope that he doesn't influence too many people! LT More View thread 6 Respond Login to Vote up
Thu 09:12	Sell Re: A perspective on Gas	fundamentalbob


	View Author's profile Add to favourites Ignore Author's posts
A perspective on your predictions: - "Looking at my chart showing very strong buy signal right now, heading up for next fib point of 28 and possibly even 30+ by Friday. Not a ramp just telling it as I see it." The way I see it CH, is not only you're perspective wrong but you're losing capital in the process. How much are you now down in SQZ? have you taken the hit yet? More View thread 6 Respond Login to Vote up
Thu 07:14	Buy A perspective on Gas	Celticheart07	1


	View Author's profile Add to favourites Ignore Author's posts
Before someone shoots me for poor geography I will point out that I do know where the gulf of Mexico is but I also believe that Gas, not oil is the future of energy. Check out the link below, could this be the most practical solution for harnessing the massive gas finds in Tanzania too: http://www.ogj.com/articles/2012/05/gulf-of-mexico-site-chosen-for-first-us-floating-lng-plant.html?cmpid=EnlDailyMay162012 More View thread 6 Respond Login to Vote up
Thu 00:04	Re: Some perspective	linguafranca


	View Author's profile Add to favourites Ignore Author's posts
are you the chris lines who plays midfield for sheffield wednesday? More View thread 9 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 00:00	Re: Some perspective	BarleyBaron


	View Author's profile Add to favourites Ignore Author's posts
Patience , Patience, Patience. Everybody's in a hurry. BB More View thread 9 Respond Login to Vote up
Wed 23:58	Buy Re: Some perspective	linguafranca


	View Author's profile Add to favourites Ignore Author's posts
AEX management are telling us we are in a sweet spot. The market is telling us that risk is being taken off the table such that the dollar is ticking up and up. Trade volume in AEX remains very low, incredibly only 2.5M shares traded today so few buys and few sells. At these levels the balance of probability for the SP is up rather than down as there is small gain (and huge risk) for going short and huge potential for going long. In the Country of the Blind the One-Eyed Man is King and with one eye perspective difficult so I say if you are in keep watching and waiting and if you're not in IMHO the downside risk for parking some capital here is much smaller than for the majority of large listed companies. So I'm staying in and trying not to be greedy, which is getting increasingly difficult! More View thread 9 Respond Login to Vote up
Wed 23:21	Re: Some perspective	last-throw


	View Author's profile Add to favourites Ignore Author's posts
Good intercourse between contrasting views that for once that has a relatively friendly outcome - go to advfn board for posts from attendee/s - have to say the "mood music" there sounds good! LT More View thread 9 Respond Login to Vote up
Wed 20:16	Re: Some perspective	Chis Lines	1


	View Author's profile Add to favourites Ignore Author's posts
fair enough. Sounds good. More View thread 9 Respond Login to Vote up
Wed 20:04	Re: Some perspective	jahirie	5


	View Author's profile Add to favourites Ignore Author's posts
I feel your pain / frustration. 1 years holding for me, but I honestly believe that the SP does not represent where AEX really are. If and its a big if, Ntorya is commercial and half decent numbers, I honestly think we will see 10p. Because its potentially a huge gas accumulation and they will have access to it onshore. You have come this far, you may as well give SD some time to turn the ship around. He believes in AEX, and he is better placed than us. More View thread 9 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Wed 19:58	Re: Some perspective	Chis Lines


	View Author's profile Add to favourites Ignore Author's posts
I accept markets are down though often the microcaps are left relatvely unaffected. sry if I sound jaded but had the bought in 14p+ had the excitement of likonde-1 and such and such the excitement of cash raising earlier this year and the excitment of seeing the the SP fall heavily since start of year so excitement of lastest success is almost unbearable. More View thread 9 Respond Login to Vote up
Wed 19:51	Anyone go to the AGM ?	Nyetimber


	View Author's profile Add to favourites Ignore Author's posts
If they did, can I ask that kindly soul were any questions asked about current revenues and cash at bank ? More View thread 9 Respond Login to Vote up
Wed 19:45	Some perspective	jahirie	4


	View Author's profile Add to favourites Ignore Author's posts
Price performance for the last month to put it all into perspective TLW down 4.13% ENQ down 4.5% MRS down 7.11% AEX down 7.13% PMO down 12.5% AFR down 13.2% BLVN down 15.2% JKX down 17.8% DES down 18.4% SMDR down 32.7% Let the markets do what they do, let SD do what his job and lets see where we come out. More View thread 9 Respond Login to Vote up
Wed 19:26	Re: RNS News	jahirie	2


	View Author's profile Add to favourites Ignore Author's posts
Markets are rubbish at the moment. Is that a good enough reason? How many O&G stocks aren't down in the last month? Look at afren, two massive finds and the sp is down 35p from its peak. More View thread 12 Respond Login to Vote up
Wed 19:19	Re: RNS News	Chis Lines


	View Author's profile Add to favourites Ignore Author's posts
Is there any particular reason why every post you write has negative connotations? ------------------------------------------------------------------------------------------ just trying to connect to reality of falling SP; all very well to look at the positives but tumbling SP is saying something which isnt being represented on the message board. More View thread 12 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Result Pages: 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7 \| Next Search archive Search discussion archive from until

The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited. You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong. Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.

The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements. Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in. Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.

(AEX) Aminex

Discussion

Find discussion

Share

Search

Information

Connect

Categories

Secondary links