Aminex - A Giant leap of Commitment - Tanzania ready to Roll

As if by Magic

Following up on my post in the last hour it seems Tanzania is ready to roll...

TANZANIA has temporarily suspended negotiations over Host Government Agreements (HGAs) with international oil companies for development of liquefied natural gas (LNG) project pending review of Production Sharing Agreements with oil firms.

Tanzania Petroleum Development Corporation (TPDC) Managing Director Dr James

Aminex Sumary

Aminex Summary

Why were we waiting?  The wait is almost over!

Remember this... "Fire in the Hole" February 2017

It was a long time ago and the sp rose to the heady heights of almost 8p before a two year spell of pretty much nothingness that has left many holders bewildered and trapped at higher values as the shorters and day trading bears dominated the bulletin boards!

Why hasn't anything been happening?  What allowed these parasites to gain such a foothold and do such damage to the share value?

Aminex announcement on remedial programme success at Kiliwani North

Aminex announces completion of remedial programme at Kiliwani North

Aminex plc (LON:AEX) has confirmed the successful completion of remedial work for the Kiliwani North-1 production well in Tanzania.

Aminex Ruvuma Farm-Out Circular

The Circular was released on Friday 7th December and announces the EGM

Notice of the Extraordinary General Meeting of Aminex PLC, to be held at Shepherd and Wedderburn LLP, Condor House, 10 St. Paul’s Churchyard, London, EC4M 8AL, United Kingdom, at 12.30 p.m. on 4 January 2019

Click here for The Circular PDF

Rainy Season Information Mtwara Region Tanzania

CLIMATE AND AVERAGE MONTHLY WEATHER IN Mtwara, Tanzania

The following should be a useful reference when understanding the logistics where Aminex may be subject to working around the rainy seasons in the Mtwara region

Here are some average weather facts collected from historical climate data:

During the months of May, June, July, August and September you are most likely to experience good weather with pleasant average temperatures.

Aminex - An Investors warts and all view

The following is a warts and all view of where Aminex is now (19th October 2018) it was written by the investor in an email to friends asking him about the value of investing in the company.  Of course, it is one mans view and pretty much everything he speaks of information wise can be found on this blog or on the company website. Aminex_PLC He starts with his thoughts on the reasons of the slump in share price of the last year and hides nothing.

Aminex_PLC Reasons to be Cheerful

Farm Out and EGM (Date reconfirmed three times) to take place by End November. Being subject to licence approval infers the EGM RNS will be the big one and need to be within next few weeks

“Multiple Targets - 763bcf cretaceous 900bcf Jurassic Gas assumed at lower but liquid potential - Oil shows found down dip previous drill”

4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C