Aminex_PLC - The List that Matters
5 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C
- 763 BCF 2C & 1162 BCF 3C
io commercialisation study est. $143m spend to recover
3/4 tcf based on current gas price, $3.27/mcf is worth $25m to $35m cashflow
per annum to Aminex from 2020 to 2049” "Fully covered"
FARM OUT - APT have committed to spending a possible
$110milion on the full field development of the Ruvuma project...
...which includes a
committed spending of $40million to Aminex. $5m cash & balance $35million
paid as full carry up to 40MMscf/d at which point any unspent remainder will be
paid in cash from gas profits.
APT will acquire 50% of the Ruvuma project with Aminex
retaining 25%. Solo Oil hold the
remaining 25%
“APT will establish an early production system to achieve
an accelerated first gas to a minimum a MINIMUM gross rate of 40MMscf/d by Qtr1
2020” representing full carry to minimum $10 to $12m p.a. cashflow “Not revenue
– Free Cash”
"Much more expected! Not worth building a 30Km
pipeline for just 40MMscf/d"
Adding the Solo share of costs $35m gives $140m total
potential spend & brings full carry to profitability as per “io”
projections
"Any further spending will be self-generated"
“Chikumbi-1 well pad is complete - planning to drill this
year” UPDATE RIG TENDERING COMPLETE
“Multiple Targets - Gas - Oil at the lower level - Oil
shows found down dip at previous drill”
“Planned around same time” APT will acquire 3D seismic
data over 200km2 to optimise drilling targets
Based on results of CH1 and 3D seismic APT will build a
33km pipeline to Mdimba gas plant to allow for maximum gas delivery “planned
for 2019”
“Q1 2020 Monetisation to coincide with demand call”
“Plan” Drill CH1 alongside 3D & back with further 3
to 4 drills (possibly 2019)
Full field development is projected to 140mmcfd by mid
2020’s
“Kiliwani remediation with income stream planned to
resume 2018”
Possible further drill at Kiliwani South
Nyuni – Plans for 3D seismic
Competitors running maximum capacity & demand
forecast to outstrip supply 2019
**TPDC have announced feasibility study for gas pipeline
to supply Uganda. UPDATE: AGREEMENT NOW
SIGNED FOR CONSTRUCTION (Aminex in pole position to supply)
**Pensions funds invest 20% more in Tanzanian business one
year sparking further demand
**SADC nations agreed to develop plan to allow gas
imports from Tanzania, Mozambique & Namibia
Malcy Comments “Bucket list status assured”
"The Zubairs are putting $105m on the table, they
wouldn't be doing this if they did not think it was worth a lot of money"
”It's in the bucket, it's for a good reason. The value of this asset is
high!"
https://audioboom.com/posts/6959402-ascent-resources-ast-and-malcy-on-solo-wrl-aex-iog-amer-hur-genl
Everything in this list has been produced in good faith
& to the best of my knowledge is factually correct & has been published
or stated verbally by management with regards to time schedules etc. This list
is not compiled as a recommendation and you are advised DYOR