From 80p to £1.35: Rising Gas Prices Supercharge Ntorya’s Valuation Potential

 

Orca’s 2024 realised prices reveal a higher-value demand mix, doubling Aminex’s projected upside in the 14-well scenario.

When we modelled Ntorya’s long-term value earlier this year, our 14-well, 420 MMscfd case used conservative gas prices of $3.50–$5.50/MMBtu. That produced impressive numbers — with some scenarios approaching 80p per share.

But the latest Orca Energy 2024 annual report changes the game. It shows:

• Gas-to-power: $3.88/MMBtu

• Gas-to-industry: $8.45/MMBtu

• Weighted average realised: $4.95/MMBtu

Many of Ntorya’s likely buyers — CNG stations, GTL, fertilizer, LNG trucking hubs — fall into the higher-priced industrial category. Using blended scenarios based on Orca’s real-world data lifts our projections dramatically:

• 50/50 industrial/power blend = $6.17/MMBtu

• 70% industrial blend = $7.08/MMBtu

• 80% industrial blend = $7.54/MMBtu

Applying these to our 14-well, 420 MMscfd case with a 40% effective cash entitlement to Aminex, the implied share price potential jumps from ~80p to as high as £1.35 at standard market earnings multiples.

This isn’t pie-in-the-sky speculation — it’s grounded in realised Tanzanian gas prices from a peer producer and in Ntorya’s planned production profile. With the Mtwara LNG project naming Ntorya as its primary supply source and multiple high-value industrial markets lining up, the revenue mix could lean heavily toward premium-priced sales.

For investors, the takeaway is simple: as the demand mix shifts towards industry and transport, Ntorya’s economics strengthen — and the gap between current market price and intrinsic value widens.

Updated Orca-Based Valuation:

Our original 14-well, 420 MMscfd projections used conservative gas price assumptions of $3.50–$5.50/MMBtu. However, Orca Energy’s 2024 report confirms a weighted average realised price of $4.95, with a $3.88/Mcf gas-to-power rate and an $8.45/Mcf gas-to-industry rate. Applying blended scenarios of $6.17 (50/50), $7.08 (70% industrial), and $7.54 (80% industrial) lifts projected share price outcomes significantly across all market multiples. At the upper end, the industrial-heavy blends more than double the implied valuation compared to our earlier chart, reinforcing the bullish case for Ntorya’s earnings potential as higher-value industrial demand ramps up.

#AEX 📈 Shard Capital Upgrades Aminex Price Target to 3.25–3.70p: A New Phase Begins

In a newly released note, Shard Capital has significantly upgraded its 12-month price target for Aminex PLC, citing the company’s transition from speculation to execution. With construction now underway on the $50 million Ntorya–Madimba pipeline, the path to production is clearer than ever.

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🧱 It’s No Longer “If”—It’s “When”

Shard opens their report with a bold shift in tone:

“It is no longer IF, but WHEN…”

That sentiment reflects the milestone announcement on July 7, when Tanzania’s TPDC confirmed investment in the pipeline, connecting Aminex’s Ntorya field to national gas infrastructure.

This development transforms Aminex’s narrative—turning a high-risk frontier explorer into a tangible energy growth story, linked to the rise of East Africa’s economy.

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🎯 New Valuation Target: 3.25p–3.70p

• Previous target: ~2.3p

• New 12-month target: 3.25p to 3.70p

  • Low-end: Assumes Ntorya production ramps to 280 MMscf/d by 2036

  • High-end: Assumes plateau is reached three years earlier, by 2033

This revaluation reflects faster expected development and improving investor confidence.

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🔍 Peak Valuation: 6p–7p Based on NPV

Shard goes even further with its long-term outlook:

“We currently estimate a peak NPV/share value in the range of 6p to 7p as the company reaches its peak production.”

This figure factors in full plateau production and future field development (Phase 2), making Aminex particularly attractive for long-term growth investors.

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⚙️ What Will Drive Short-Term Re-Rating?

Shard identifies two key catalysts that could drive further upside within the next 12 months:

1. Visible progress on the pipeline

2. Successful drilling of the Chikumbi‑1 (CH‑1) well

Both are scheduled to occur before mid‑2026, aligning with Aminex’s roadmap to first cash flow.

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📣 Final Takeaway for Investors

With pipeline construction confirmed and the CH‑1 drill now scheduled ahead of first gas, Aminex has entered its most investable phase to date. Shard Capital’s latest analysis reflects this turning point, offering institutional-grade endorsement of the company’s trajectory.

🔺 Target Range: 3.25p–3.70p

🚀 Peak Potential: 6p–7p/share

For investors aligned with East African energy growth, the case for Aminex has never been clearer.

🔧 East Africa’s Energy Catalyst: Ntorya–Madimba Pipeline Breaks Ground

 The long-anticipated pipeline that will unlock Tanzania’s Ntorya gas field is finally moving into construction. This month, July 2025, marks the official start of the Ntorya–Madimba pipeline, a game-changing infrastructure project for East Africa’s energy future.

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🛠️ Pipeline Construction Begins – July 2025

The Tanzania Petroleum Development Corporation (TPDC) has awarded the Engineering, Procurement, and Construction (EPC) contract to China Petroleum Pipeline and China Petroleum Technology & Development Corporation—two heavyweights in global energy infrastructure.

• Construction Start: July 2025

• Commissioning Target: End of July 2026

• Length: ~35 km

• Purpose: Connect the Ntorya gas field to the Madimba gas processing plant

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📍 What This Pipeline Unlocks

This pipeline is more than just a piece of steel in the ground. It’s the central artery that will:

• Enable first commercial gas from the Ntorya-2 well

• Prepare for Ntorya-1 workovers and future production scaling

• Lay the foundation for Phase 2 field expansion—up to 280 MMscf/d

Once completed, the pipeline will allow gas to flow from the Ruvuma basin into Tanzania’s domestic energy grid, supporting industrialisation, reducing reliance on imports, and opening doors for export via LNG or CNG.

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🛢️ Strategic Value for Aminex and ARA Petroleum

For joint venture partners Aminex PLC and ARA Petroleum Tanzania, this project is the key milestone needed to shift from resource holder to revenue generator. With first gas expected in mid-2026, the clock is ticking on the transition from exploration to monetisation.

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🧱 The Bigger Picture

This pipeline doesn’t stand alone—it’s part of a comprehensive infrastructure upgrade that includes:

• The upcoming Chikumbi‑1 well

• Workover and tie-in of Ntorya‑1

• Expansion of the Madimba plant

• Future development of a second pipeline and six additional wells under Phase 2

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📣 Final Takeaway

With construction now officially launching, the Ntorya project has crossed the line from planning to execution. Investors, partners, and stakeholders can now begin counting down to first gas—and with it, the arrival of revenue, reserves growth, and value realisation.

East Africa’s gas future is no longer just potential—it’s under construction.

Aminex Model Update 25th July 2025

 

📌 Recent AGM & Operational Update

According to the 2025 AGM feedback and RNS issued on 17 July 2025:

• Chikumbi‑1 drilling has been moved forward and is now scheduled before pipeline completion, meaning drilling activity may precede first gas pipelines.

• Pipeline construction is set to begin by end of July 2025, with commissioning expected by July 2026

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🧾 Does This Change the Revenue-Sharing Model?

Not materially. The PSA and GSA remain confidential, but public disclosures confirm they follow the favourable 2022 gas fiscal addendum:

These terms remain in force regardless of drilling sequence

Consultations with ARA/TPDC indicate the PSA’s exceptional commercial terms heavily benefit JV partners, especially as Aminex is carried through development.

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✅ Implications for Value and Share Price

Operational Acceleration:

• Drilling CH‑1 early could fast-track resource confirmation, potentially moving SP catalysts forward by months.

• Rig tender launch by mid-August 2025 now likely to precede major pipeline coverage—earlier drilling → earlier data → earlier valuation triggers.

Revenue Model Intact:

• Offtake structure, cost recovery profile, and contractor split remain exactly as modeled.

• No change in Aminex’s fiscal share or exposure—only impact is timing of cash flows.

Share Price Impact:

• Expect possible 20–50% stock moves on positive CH‑1 updates or rig contract awards.

• Timeline for first gas remains mid‑2026; commercial ramp-up projections still valid.

• Earlier drilling may shift upward price momentum ahead of pipeline completion.

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🧪 Recalibrated Forecast Table

Milestone	Approx. Timing	Potential SP Upside (%)	Commentary
CH‑1 Drill Contract Award	Mid‑Aug 2025	+20–30%	Accelerates early-chapter SP drivers
CH‑1 Spud / Rig Mobilisation	Late 2025	+30–50%	Confirms resource & de-risks field plan
Pipeline Construction Underway	July–Aug 2025	+20–30%	Narcot entry into execution phase
Pipeline Commissioning	July 2026	+50–100%	Gas generation capability solidified

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📌 Final Word

• Yes, shifting CH‑1 earlier is a meaningful operational acceleration—pushing several SP value drivers forward.

• No, it doesn’t alter Aminex’s revenue-sharing model or fiscal upside.

• The core valuation remains valid—but the timing of expected SP triggers and cash flows is now more immediate.

Aminex Share Price Triggers - 7 Events to a Multi-Bag Rise?

What is the expected timeline of news events coming from Aminex PLC during the coming twelve months. i.e. events that may trigger a lift in the SP!  What sort of lift (% wise) might each news item bring? Given the current known assets where might we expect the value to be?

So, how do the triggers stack up against what we have seen historically in small cap energy stocks...

Taking into account Aminex’s own projections of $40m net cash flow potential, I  have looked at the possibility of achieving 10p per share under both conservative and bull-case scenarios

The following percentages were based on typical small-cap reaction patterns in frontier gas developments—not strictly on cash flow modelling.

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✅ Can These SP Rises Happen?

Event	Likely SP Impact	Justified by Fundamentals?
Ground breaking	20–30%	Partially—triggers confidence
CH-1 Spud	30–50%	Yes—tied to future cash flows
CH-1 Success	50–80%	Yes—confirms resource potential
First Gas	70–100%	Strongly—actual revenue begins
Condensate Sales	30–50%	Yes—adds new revenue stream
Resource Upgrade	30–60%	Only if tied to faster monetisation
Buyout Speculation	100–200%	Market-driven, not model-driven

🧠 Final View

• These catalysts can move the price strongly—but the justification for long-term value >10p/share requires optimism beyond what current 5-year cash flows support.

• In short: 10p is possible, especially on momentum—but sustainable only with new news, either from condensate, strategic deals, or expanded reserves, which we do expect.

On Friday 11th July 2025 the price closed at 1.48p with a bid price of 1.4p. Assuming the 7 event triggers achieve the rises predicted above; based on the those percentages, what might the SP closing price be?  Both Worst and Best case scenarios...

If all seven major catalysts are successful and the share price reacts as expected, then:

• Worst-case cumulative share price: ~19.9p

• Best-case cumulative share price: ~74.8p

These are compound gains based on historical and speculative reaction ranges—not purely fundamentals. That said, these numbers show how speculative small-cap energy stocks can move dramatically with the right momentum.

Personally I think the first six events are all possible within the next 12 to 18 months, the seventh event is not something I see happening right now but it can't be ruled out long term, however that could be at a much higher SP than we currently have. Even without the seventh event we could be looking slightly under 10p from the worst case figures in a very short space of time.

Conclusion:  There are lots of minor triggers that can build momentum throughout the year and I feel 10p per share is achievable and particularly if the news flow from here remains strong.  With the AGM taking place next week, it is likely we will have an update on the FFD plans which could see another surge in price.  With EPC pipeline contract announced only 11 days ago we have already seen 23% rise from 1.2p to 1.48p and reading elsewhere,  Grok AI is predicting the SP to reach 1.59p within the next fourteen days.  As I conclude 1.52 has just been paid.  

NB: these percentage's are based on my own calculations and are not guaranteed figures. You should always do your own research and make your own decisions.

TPDC Construction Launch Signals Green Light for Ara / Aminex Ntorya Development

Pipeline Momentum Builds as Dry Season Window Opens

With the EPC contract for the Ntorya–Madimba pipeline formally awarded in early July 2025, attention now shifts to execution—and there are growing signals that construction is set to begin imminently, taking full advantage of Tanzania’s current dry season.

⚙️ Operational Readiness: More Than Just an Announcement

While markets welcomed the EPC award with a sharp share price jump, the underlying operational reality suggests far deeper progress than the announcement alone implies. Aminex and its joint venture partner ARA Petroleum Tanzania (APT) appear to have methodically prepared for this moment over the past several months.

• Drilling infrastructure is already in-country: Pipework is stored at one of the Ntorya well sites, and the wellhead for the key Chikumbi‑1 (CH‑1) well has been ready for shipment for some time.

• The field development sequence is optimised and staged: NT‑2 will be the first well connected, using mobile testing equipment (no rig required), followed by drilling CH‑1, and later a rig-based workover of NT‑1 using the same equipment.

• This sequencing minimises logistical overlap and supports the planned ramp-up of production toward 140 MMscfd over the medium term.

🛠️ EPC Mobilisation: Signals Point to Immediate Start

Although the formal EPC announcement came in July, a series of operational indicators strongly suggest that mobilisation has been underway behind the scenes for some time:

• The rapid commencement of contractor recruitment for local positions within days of the announcement indicates that staffing plans were prepared well in advance.

• This is consistent with infrastructure projects where preferred bidders, once informally selected, often begin early-stage logistics, equipment procurement, and site planning before the formal signing—especially when delivery windows are tight.

• The public commitment to completing the project within 12 months adds weight to this view. Such a timeline would not be credible without supply chain arrangements already in motion and construction strategies finalised.

In short, while the market may only now be digesting the announcement, the project itself appears to be months ahead in planning, and construction is likely to commence during this dry season—between late July and September 2025.

🌧️ Why Not Wait?

Delaying construction into Q4 would push key trenching and infrastructure work into Tanzania’s rainy season, increasing costs and operational risk. That would conflict with the EPC contractor’s guarantee of delivery within a 12-month window—making it far more rational to act now, while ground conditions are favorable.

Additionally, well logistics, permits, seismic studies, and land access issues are largely resolved, meaning that the path is clear for field execution.

📈 Market Implications: A Potential Re-Rating Catalyst

Should Aminex or the EPC contractor formally announce mobilisation in the coming weeks—whether via photos, press updates, or site commissioning—it could act as a major share price catalyst, adding to the already strong momentum from the EPC award.

Historical market behaviour suggests such a trigger could generate a further 10–20% upside in the near term, as it would materially de-risk the timeline to first gas in 2026.

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✅ Final Word

With project hardware in-country, well sequences defined, and staffing underway, Aminex and ARA appear strategically positioned to begin construction within the current dry season. For shareholders and market watchers, the next catalyst is clear: physical mobilisation on the ground. And by all indications, that milestone may be just days or weeks away.

Walking a Mile in ARA's Shoes - Strategic Rationale for Retaining Aminex PLC in the Ntorya JV

Here’s a strategic rationale written as if from ARA Petroleum Tanzania’s internal planning team, arguing for maintaining the current JV structure with Aminex PLC, emphasizing the benefits of Aminex’s London market presence:

📄 Strategic Rationale for Retaining Aminex PLC in the Ntorya Joint Venture

Prepared by: ARA Petroleum Tanzania – Strategic Planning Unit
Date: July 2025

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1. Capital Market Access & Optionality

Aminex’s listing on the London Stock Exchange provides the Ntorya JV with indirect access to one of the world’s most liquid and reputable capital markets. This offers multiple strategic advantages:

• Enhances visibility of the project to institutional and retail investors.

• Preserves optionality for future fundraising—whether for downstream integration, exploration expansion, or reserve monetisation.

• Provides a clear public valuation benchmark for our asset base through Aminex’s market capitalization and disclosures.

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2. Governance, Transparency & Investor Confidence

The London listing mandates high standards of financial reporting, ESG compliance, and corporate governance. As a result:

• Aminex strengthens the JV’s perceived integrity and regulatory alignment, both domestically and internationally.

• Transparent public disclosures de-risk the JV in the eyes of financiers, multilateral institutions, and host governments.

• Enhanced transparency provides reassurance to the Tanzanian Petroleum Development Corporation (TPDC) and other local stakeholders.

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3. Geopolitical Diversification & Host Country Comfort

Retaining a Western-listed partner brings geopolitical balance to the JV, providing:

• Greater international confidence in the project’s operational structure.

• A “dual footprint” approach that aligns with host government interests in balancing foreign investment across regions (Middle East, Europe, Africa).

• Increased credibility with development finance institutions and bilateral aid agencies exploring gas infrastructure support in East Africa.

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4. Exit Optionality & Capital Efficiency

Aminex’s presence in the JV:

• Offers ARA long-term strategic flexibility, including potential monetisation of stakes via reverse takeovers, secondary offerings, or spin-offs.

• Allows for capital-light development, given Aminex’s cost-carry arrangement and minimal capital exposure during early ramp-up.

• Keeps ARA’s balance sheet flexible, with the ability to scale operations without assuming full ownership risk at this stage.

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5. ESG and Institutional Alignment

Through Aminex, the JV gains exposure to ESG-conscious investor groups and reporting frameworks, including:

• Task Force on Climate-Related Financial Disclosures (TCFD)

• UN Sustainable Development Goals (SDGs)

• Local stakeholder engagement protocols under LSE guidelines

This strengthens the project’s profile among:

• Sovereign lenders (e.g., AfDB, World Bank)

• Global investment funds pursuing sustainable energy in Africa

• Local regulators focused on responsible energy development

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Conclusion

Maintaining the current JV structure, with Aminex as a 25% non-operating partner listed on the London Stock Exchange, strategically benefits ARA Petroleum Tanzania in multiple dimensions: capital flexibility, regulatory alignment, stakeholder confidence, and future monetisation. These outweigh any perceived advantages of immediate consolidation. We recommend continuing and deepening the partnership during the upcoming pipeline and production ramp-up phases.

Aminex - Addressing the buyout question!

 

🔍 Factors suggesting a buyout is unlikely in the near term

1. Funding and Carry Arrangements

   • The current structure includes APT carrying Aminex’s share of development costs (approx. USD 35 m net), with no further capital required from Aminex for phases up to mid-2026 Aminex remains capital-light and focussed on production ramp-up, which removes immediate financial pressure to sell its stake.

2. Strategic Alignment and Joint Upside

   • Aminex benefits from a secure funding structure while retaining upside as production ramps from ~40‑60 MMscfd to a potential 140 MMscfd 

   • APT carries the operator risk but by keeping Aminex onboard, it maintains JV partners aligned on field development.

3. No Reported Negotiations or Valuation Discussions

   • Searches reveal no credible sources indicating acquisition talks or intentions by APT to buy out Aminex.

   • APT’s ambitions seem focused on developing and expanding operations—not consolidation of ownership.

4. Supportive Government & Shared Milestones

   • The Tanzanian government and TPDC have been supportive of the current JV structure, including awarding the 25-year development licence to the JV

   • This suggests no pressure to restructure or transfer equity at this stage.

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✅ What might change this dynamic?

Trigger Event	Possible Impact
Aminex funding constraints	If future phases require more capital and carry arrangements lapse, Aminex might be open to sell.
APT’s strategic expansion	If APT wants full operational control to pursue aggressive field development, it could approach Aminex.
Valuations change significantly	APT might buy low if Aminex’s share-price drops or reserves valuation mismatches emerge.
Regulatory or lender pressure	Lenders or authorities might prefer a single, controlling operator if it simplifies governance or financing.

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🧮 Estimated probability (qualitative)

• Near-term (next 12–18 months): Low (< 20%)

  • The current JV structure is financially and operationally stable; no signs point to a takeover.

• Medium-term (2–4 years): Moderate (20%–40%)

  • Once production is established, and if additional wells require new investment or JV alignment, APT might consider consolidation.

• Long-term (5+ years): Higher (40%–60%)

  • As the field matures and ramp-up continues, appetite for full ownership could increase, depending on field economics and strategy.

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📌 Summary

There’s currently no concrete evidence of negotiations or intent for APT to acquire Aminex’s stake. The relationship is financially beneficial for both—Aminex retains upside with minimal outlay, while APT maintains operational control. In my view:

• Unlikely in the short term (< 20%).

• Possibly in the mid-to-long term if strategic or financial drivers change.

Would you be interested in exploring scenarios where a buyout could occur—such as valuation triggers or financing gaps—or comparing it to similar JV arrangements in the industry?

EPC Award and why it matters

📈 Why this EPC award matters

On 3 July 2025, the Tanzania Petroleum Development Corporation (TPDC) officially awarded the Engineering, Procurement & Construction (EPC) contract for the 35 km pipeline from Ntorya to Madimba to China Petroleum Pipeline and China Petroleum Technology & Development Corporation

• Aminex holds a 25% non-operated interest in the Ntorya project, alongside partner ARA Petroleum Tanzania (APT) 

• The pipeline is designed with a capacity of 140 MMscfd, aligning with the Ntorya Field Development Plan (FDP) 

• The award follows major milestones in the past 18 months:

  • 25-year development licence granted

  • Gas Sales Agreement signed in January 2024

  • Updated FDP and 3D seismic campaign affirming ~1.8 tcf proven reserves, with up to 16 tcf GIIP potential

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Market reaction & strategic edge

• Shares surged by ~40% on the news, reflecting investor optimism and the government’s visible commitment

• Resting on zero net development cost (covered by a carry arrangement through ~$140 m gross capex, $35 m net to Aminex) and with a $3 m working capital facility, Aminex is well-positioned financially 

• Significantly, the EPC award de-risks the path to first gas, turning scattered milestones into one coherent execution plan.

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What happens next? 🚧 Timeline & next steps

1. Pipeline construction (mid‑2025 to mid‑2026)

• Engineering, procurement, and construction by Chinese firms commence imminently following the award

• Expected completion by mid‑2026, in time to match forecasts from the 2024 Annual Report

2. Well commissioning and start-up

• Once ready, Ntorya‑2 (NT‑2) will be hooked into the pipeline for gas production

• Next in sequence:

  • Workover of Ntorya‑1 (NT‑1)

  • Drilling of Chikumbi‑1 (CH‑1)

• Initial gas output projected around mid‑2026, at 40–60 MMscfd, ramping to ~140 MMscfd within a few years

3. Long-term phased development

• The FDP envisages up to 14 new wells over the next decade, with target production rising to 280 MMscfd

• Capital will be funded through the existing carry and future Ntorya revenues—no extra shareholder funding expected 

4. Monetisation & gas sales

• Gas sold under the January 2024 GSA with TPDC ensures offtake security 

• Ethically and strategically important: The gas supports Tanzania’s domestic power, industrial, and cleaner cooking needs.

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Outlook for Aminex & ARA

Aminex PLC

• Shareholder value looks promising: Cashflow from first gas (mid‑2026), financed capex, low capex outflows, and significantly de-risked development path.

• The company expects positive cash flow post mid‑2026 and is operating with efficient overheads (US$1.59 m G&A) 

• Growth beyond the early phase—additional wells could unlock further reserves and revenues.

ARA Petroleum Tanzania (APT)

• As operator, ARA drives the project execution, well expansions, and stakeholder engagement.

• Gains credibility from delivering on its FDP, likely to aid future Tanzanian projects.

• Success here cements its operational credentials in East Africa.

Together (Aminex & ARA)

• They stand to benefit from increased gas volumes, line utilisation, and phased development upside.

• Successful delivery builds investor and governmental confidence, opening doors to further JV opportunities.

• On the flip side, they must vigilantly manage execution—pipeline builds, drilling risks, commodity price volatility, and regional policy shifts.

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Key risks to monitor

• Engineering delays or cost overruns on the pipeline—though Chinese EPC firms are credible contractors.

• Drilling hiccups: CH‑1, NT‑1 workover could face technical setbacks—impacting ramp-up timelines.

• Gas pipeline commissioning and tie-in: Complex logistics, regulatory approvals, and local coordination may pose delays.

• Gas price dynamics: Though under GSA, profit margins hinge on price stability and local consumption growth.

• Funding beyond carry: While early phases are financed, scaling to 14 wells may need additional capital down the line.

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Summary (≈ 100 words)

With the EPC award for the Ntorya–Madimba pipeline secured, Aminex and ARA have unlocked execution for first gas, expected mid‑2026. Financially streamlined, with capex largely carried, Aminex is set to benefit from ramping gas production under a secure offtake agreement. ARA, as operator, leads delivery and sets the stage for future growth. If construction and drilling proceed smoothly, both stand to capture significant value from Tanzania’s growing gas market. Key next steps: track pipeline completion, NT‑2 commissioning, CH‑1 and NT‑1 operations, and progressive drilling through the FDP.

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🔍 What happens next

• Mid‑2025 to mid‑2026: Pipeline built; NT‑2 tied in; first gas flows begin.

• H2 2026 onward: CH‑1 drilled, NT‑1 reworked; production ramps to 140 MMscfd, scaling toward 280 MMscfd.

• 2027+: Phased drilling unlocks full field ambition. Additional wells generate growth and monetisation.

Action on the Ground - Signs of Aminex 3D Seismic Survey

 Aminex Seismic Action

There are signs of action from Aminex ARA on the ground with discernible tracks showing across the proposed seismic survey area

Stock Image

Anticipation of An Aminex Update

What is that Aminex update and when is it due?

The short answer, how long is a piece of string?

However, anticipation has been clearly building over recent weeks as the share has at time of writing almost doubled in value to a level that in my view is still massively undervalued at this stage!

An Aminex Message From Drewky

A Message from Drewky

A reassurance for those on the bulletin boards in the last few days who are either ignorant or willingly ignoring the fact that the companies have a binding agreement.

With the Tanzanian agreement to the farm-out already notified the confirmation that is awaited for at this time can simply be the transference of operatorship to APT as per terms of that binding agreement.

As is well known by genuine investors the circular mentioned in the following RNS was duly circulated and voted through positively by the shareholders. Anyone voting on this matter should have no excuses for not knowing it's full contents.

The delays we have had in obtaining this clearance for almost two years have clearly been in country as everyone knows. We are now set to reap the rewards

11 July 2018

AMINEX PLC

(“Aminex” or “the Company”)

Transformational Ruvuma Farm-Out

Aminex is pleased to announce that its wholly-owned subsidiary, Ndovu Resources Limited, has signed a binding farm-out agreement (“Farm-Out”) with The Zubair Corporation LLC (“Zubair”). Zubair plans to assign its interest in the Farm-Out to ARA Petroleum Tanzania Ltd (a company under formation) (“APT”), which will be an affiliate of Eclipse Investments LLC (“Eclipse”), the Company’s largest shareholder.

Aminex PLC - Drewky's List

Congratulations to each and everyone of you, it's been a long time coming but hopefully you will all feel a little better tonight.  It was never in doubt for me although I admit my bottom was begining to twitch over the last few days.

Anyway Good luck to you all. Raise a glass and one day soon we may just well have that party! Here is the updated list and if it helps people to understand where we are then please share.

#Aminex Ruvuma Farm-Out; Government Approval Received

 

Ruvuma Farm-Out &#8211; Government Approval Received

Mon, 12th Oct 2020 13:42

RNS Number : 8183B

Aminex PLC

12 October 2020

 

12 October 2020

 

Aminex plc

("Aminex" or "the Company")

 

Ruvuma Farm-Out - Government Approval Received

Aminex is delighted to announce that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited ("APT"). With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days. 

Robert Ambrose, Chief Executive of Aminex commented:

"We are delighted to finally receive Government approval of the Farm-Out and would like to thank all agencies of the Tanzanian Government that were involved in the process. We would also like to thank ARA Petroleum for its invaluable assistance and support in securing Government approval of the Farm-Out and in advancing $5m to the Company over the past 12 months. We now look forward to completing the transaction within the next few days and handing operatorship over to APT."

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Drewky Thoughts:  Never in doubt! This will prove to be the biggest RNS in Aminex History

A Reminder - Aminex - CEO Robert Ambrose 'tremendously positive' speaks to Proactive

 

"It has taken longer than anticipated to obtain the final approval to the farm-out from the government."

Aminex - Impressive History of New Non Executive Chairman Charles Santos

Charles Edward Santos

See footer *

From 1987 through 1989, Mr. Santos was special assistant to Diego Cordovez, the United Nations Under- Secretary General for Special Political Affairs and the Representative of the Secretary-General for Afghanistan responsible for mediating an end to the war in Afghanistan and the withdrawal of Soviet troops.

The Aminex Licence Extension - The Drewky View

The Aminex Extension

Granted for only twelve months, I have seen the cries in recent days....

Aminex Unofficial Blog Direction Change

Having not posted on the bulletin boards since July 2019 my personal views apart from limited words on Twitter have been pretty much kept to myself.

However I think it's time I should let my own feelings be known once again, but I'll not be doing it on the lunatic asylums known as the bulletin boards.

President Magafuli Will Only Want Good News as Tanzanian Election Announced

We can be sure president Magufuli is going to be looking for good news over the coming weeks and months and what better way to start by signing off the farm-out for Aminex
Following his words over the weekend to speed up

Things are moving at last for Aminex RNS - Corporate & Operations Update

I feel the following RNS is a fairly positive one and although things are still awaiting governmental approvals, I highlight the things I have picked out and make [comment] accordingly 

25th February 2020  

Aminex plc 

("Aminex" or "the Company")    

Corporate and Operations Update

Aminex announces the following update regarding the Company's ongoing operations in Tanzania and other corporate matters.

Highlights:

·    APT and Aminex have agreed that upon completion of the Farm-Out and the transfer of operatorship to APT, they will seek permission from the Joint Venture and the Tanzanian authorities to move the contingent elements of the 2020 work programme into the firm budget

·    Positive indications in-country that, after a period of reduced corporate engagement, the Government is re-engaging with the international business community to support the country's power demands