3Dec 2016

Share Talk – Steve Shares 2nd December 2016

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Share Talk – Steve Shares

Welcome to Share Talk and Steve Shares. This publication is an interactive update on what’s happening over social media and the trending stocks that have made the news this week.

We highlight the coming news and events in connection to your investments and holdings. So if you think that a stock or share or a piece of news will be in the spotlight soon, let Steve Shares know by contacting me via direct message @slarratt1 or by Tweeting the hashtag below and tagging me in. It is easy, use the hashtag of #ST (Share Talk) and add your company’s ticker i.e. #ST88E and tag me @slarratt1 so I can see what you are wanting Steve Shares to feature and I can share for all to see.

Steve Shares is here for everyone to have an equal voice over social media and not just within your individual discussion groups. The more readers that interact with this feature, the more news and thoughts can be known about your shares and their potential. Could your stock be a potential under the radar company that others could be interested in? Could it be a little unknown gem that you want to discuss or share a key piece of research on?

I provide a roundup of Share Talks activities over the last week.

Don’t forget to follow Share Talk and sign up to receive weekly updates on what Share Talk has to offer and the news views and opinions on what matter to you. This publication will also be sent via email so you can read at your leisure.

If there are any thoughts or suggestions direct message me @slarratt1 so Steve shares can add to and for you.

Trending this week

Firstly
Thankyou for messages in response to last weeks publication this week sees the start of me appearing in a weekly slot on TipTv as part of my coverage of ‘Whats on Next’ I thank @Zaktraderscafe of TipTv was well as the team working hard in the background. As always I am always open to your thoughts and suggestions as to what to cover on ‘Whats on Next’ so please get in touch with us if there is more you feel we can be doing to help you and your investment journey…

If there is a share, event or person on social media that you would like to spread the news about or say thanks to let me know and I will cover these in ‘What’s on next’ in the next publication of Steve Shares

Whats hot? Whats not?

88 Energy (88e)
Still awaiting further news in reference to the remaining 50% potential oil in place, however they have said that early interpretation looks good. Thoughts of many are that there could be an associated land purchase so as they don’t overpay for any additional land. They have said news by the end of December so we will have to await how much oil in place they have in total, at present with over 4 bn barrels in place the last piece of the jigsaw puzzle is will the unconventional flow? I certainly think it will, what do you think? Thoughts and comments welcomed.

Highlands Natural Resources (HNR)
lots of news flow is due and holders seem content with awaiting on these pieces of information. The main piece of news which will excite holders is the external professor identifying the helium content of the samples taken. Also due is the deal in place for the 6 horizontal wells in East Denver that is planned to start at the end of this month. With Laramie, Calfrac and Schlumberger involved with many projects all eyes are on the company and are awaiting the next piece of news. What are your targets for news flow and dates\timescales. Thoughts and comments welcome.

CloudTag (CTAG)
Cloudtag this week has seen the share price continue to fall from recent highs, with funding issues now seemingly put behind them and holders looking for figures of sales news and other contracts being put into place going forward is now a good time for new investors to become involved with one of the hottest stocks of recent times? Let me know your thoughts.

Sepura (SEPU)
Holders and traders await if they announce a takeover bid. This week they announced an extension to the deadline in place so holders now have to await until the close of play on the 9th December. Last weeks poll showed that people expect at least 50p as an offer. I hope a formal offer is put on the table that will reward holders. Your thoughts and comments are welcomed.

Hummingbird Resources (HUM)
With recent drops in the share price the thoughts around financing are clear to see. The CEO Daniel Bets has commented on the possibilities and is hoping to sign off a debt agreement shortly, as he doesn’t want to go for any more dilution to shareholder unless there is no option. Hopes are that funding can be resolved by next Thursday when the Taurus bridging falls due again. What are your thoughts going forward? Is he looking after shareholders interests? Your thoughts please.

AMRYT (AMYT)
Amryt Pharma this week secured a €20m loan from the European Investment Bank to secure its near and mid-term funding for its pharmaceutical product a gel to treat a skin disorder Epidermolysis Bullosa.
The funding for its product Episalvan, with €10m available immediately and two further tranches of €5m available on reaching of certain milestones, is repayable over a five-year schedule has been told to present a minimal cash burden to the company, as it is split into three tranches,

It has 3% interest rate over the Euro Interbank offered rate to be paid periodically, with a further 10% accruing and payable together with the outstanding amount after five years.

The phase three clinical trial is expected to start in the first quarter of 2017, with data anticipated to be available in mid-2018 and a commercial launch in 2019. with no dilution to the shareholders this seems like a good deal done at reasonably low rates. What are your thoughts? Is this a company to invest in from this point forward? Your thoughts and comments please.

My thought of the week

Christmas is coming news and I hope there is no Scrooge stocks out there that will be short on news flow into Xmas and the new year, the majority of stocks many people are looking at are expecting news flow or past the point of when it is due. Many people are going away on holiday so I wish you all a happy Christmas and hope you have had a good year and have an even better 2017.

Share Talk round up – Interviews and updates

Conkers Corner this week @conkers3 interviewed @themarketsniper Francis D Hunt, Blogger, Trader, Technical Analyst, Coach and Teacher of Trading.

Starting his investing journey during the 1980’s. Francis’s interest in investing when he was around 16 years of age. As his parents often discussed how prices had increased and decreased, “the principle of investing grabbed him early”.

After his time in the Army in South Africa, he went on to try several jobs before investigating as many trading methods that he could get access to. He then stripped everything back and put together his own winning formula: the Hunt Volatility Funnel Trading Theory (HVF). He has been successfully running his Market Sniper business since 2009, leading him to become a highly sought after trader, technical analyst and commentator globally. Francis is known for making several notable calls correctly including:

1. The China Break down in the beginning of 2016.
2. The Collapse in Oil in July 2014, that was the primary theme of markets for the next 18 months
3. The Militarisation macro bull theme since 2009, including stocks which went on to rise up to 500%
4. Precious Metals Long calls in 2001 from $256, 2009 through to 2011 $962 to $1900 with substantial Risk to Reward outcomes
5. The collapse of the Euro to the CHF (EURCHF Short Trade) in November 2009, inadvertently pre-empting the Greek Crisis trade of 2010. More recently again the floor fail was predicted for 2015 January, leading to a 30% FX move in hours that sent some brokers and trading platforms into financial distress and some into administration.

Gain insights into a well known investor here

Share Talk presents 2000 new homes to be built and Thousands of jobs to be created in Birmingham Leeds and Manchester here.

Share Talk presents whats going on in the Manchester Tech Scene watch the presentation here.

Share Talk presents an interview with Bos Global’s Ceo Michael Travia listen to the interview here.

Share Talk presents making money an article looking at Jim Mellon here.

Share Talk presents Regency Mining Investors presentation. Read the presentation here.

Share Talk presents part two of an article entitled are the Saudis about to reveal the best kept secret in oil? Read the article here.

Share Talk presents a view of Angus energy read the report here.

Share Talk presents a behind the scenes look at TipTv and a short interview with the host Zak Mir watch and listen to the interview here.

What’s On Next…

Now teaming up with TipTv on a weekly basis is there any company that you like the look of? Is it undervalued? Is it under the radar? Let me know and I will see if it is worthy of being reported via this industry leader of information and interviews.

Any questions please feel free to contact me on @slarratt1 or on 07963777475 or email enquiries@share-talk.com.

Today we covered Aminex (AEX)

Aminex (AEX)

Cash £18m + $1m Per month from Kilwani Gas Sales

Fully funded for next two high impact Ntorya 2 and Ntorya 3 Drills

The Company’s focus is its three licences in Tanzania, where it was one of the first independent oil companies to enter the country in 2002:

Aminex’s Tanzanian acreage position is estimated to have a total of 11.5 TCF in mean gross resources and is close to several of the largest discoveries made in this exciting emerging exploration and production province

Licence 1 – Kiliwani North Development Licence (54.575%) Operator

The Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and is currently in production in the Kiliwani North -1 well tested at 40 mmcfd. Gas is sold at the well head in $US at a fixed price and fed directly into the Tanzania’s new pipeline infrastructure to Dar es Salaam. As operator, Aminex has control of the production ramp up, work programme and quantity and timing of future capital expenditure.

Licence 2 – Ruvuma Production Sharing Agreement (75%) Operator

The Ruvuma acreage includes Aminex’s Ntorya-1 onshore Cretaceous gas discovery which has been independently ascribed 70 BCF gross contingent (2C) resource in the Ruvuma Basin. The well tested at 20 mmcfd. Aminex is currently appraising the discovery as well as continuing exploration activity on the licensed area in the prospective Ruvuma Basin.

Licence 3 – Nyuni Area Production Sharing Agreement (90%) Operator

The Nyuni Area acreage offers high impact exploration and has been ascribed 4.2 TCF prospective resource. Drilling success in the region based on 3D seismic has been over 90%

Further $1m Per month to Aminex from the Kilwani north gas sales with high potential to increase.

In April, the Group became an African producer for the first time. Following the signing of a Gas Sales Agreement (‘GSA’) in January with the Tanzania Petroleum Development Corporation (‘TPDC’), first gas flowed into the newly constructed pipeline system on 4 April 2016. The well is currently producing at 15 to 25 mmcfpd with approximately 150 bblsd of condensate. No significant pressure decline has been observed in the reservoir and the well remains fully capable of production rates up to 30 Mmcfd.

Cash flow from Kiliwani North-1 will allow the Company to support operations and further strengthen the balance sheet currently producing equivalent to 5000 bopd with a high potential to increase further.

In November 2015 Bowleven agreed to pay Aminex $28m for 25% of Kilwani and 50% of Ruvuma on no production which was not accepted by Aminex.

29.9% Held by ARA Petroleum Limited , The ARA Petroleum division of Zubair Corporation is managed by highly-experienced international oil industry professionals and the Company welcomes not only their financial input but also their technical and operational contribution. The Zubair Corporation is family-owned and one of the most important companies in the Sultanate of Oman, with interests across many sectors and areas of the world.

Directors all with strong holdings.

Recent appointment of Investec Bank plc to bring in larger investors.

Ruvuma PSA Aminex intends to apply for a 25-year development licence.

Ruvuma is a world class basin which has discovered over 170TCF and increasing.

Ruvuma Ntorya-1 is a Gas and Liquid Discovery.

Drilling of the Ntorya-2 appraisal well Mid/End October located approximately only 1.5 km south-west and up-dip of Ntorya-1 Discovery well giving a 60% chance of a discovery.

Rig contract signed for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are under way to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away. The contract is for one firm well with an option for a second well.

Q1/2017 Drilling of the Ntorya-3 soon after Ntorya-2 well. The target has been identified from the 2D seismic acquired in 2014 and will be drilled in the thickest part of the main Cretaceous channel in 1H 2017. The Ntorya-3 reservoir is further up-dip from Ntorya-1 and Ntorya-2 and will test a further 323 BCF gross best estimate Prospective Resource (945 BCF gross Pmean gas in-place).

Both the Ntorya-2 and Ntorya-3 wells have multi-zone potential and are expected to test additional exploration targets in addition to appraising the priority Cretaceous gas sand discovery.

The Ruvuma PSA – Aminex is reviewing options for an early production system in order to commercialise discoveries with a low capital outlay through the gas pipeline which runs from the south-east of Tanzania to Dar es Salaam. The pipeline and associated facilities became operational in Q3 2015 and provide a means of marketing gas discoveries at Ruvuma through selling gas to the TDPC

Since 30 June, Aminex has received formal Ministerial approval for the extension of the Mtwara Licence of the Ruvuma PSA. The Licence has been extended by one year to December 2017. Negotiations are ongoing for the extension of the Lindi Licence and its work commitments and, at the recommendation of the Minister, Aminex is applying for a two-year extension

As well as the proposed Ntorya-2 and Ntorya-3 wells, several further well locations were identified from the 2014/2015 mapping, including potential well locations at Likonde and Namisange.

Tanzania Nyuni Area PSA – Aminex has applied for the First Extension Period, Once the First Extension Period licence has been granted, a re-tender process is planned to select a 3D seismic contractor capable of acquiring high resolution 3D seismic over the key Pande West lead and to identify other potential prospects in the deep water with a view to bringing them to drill-ready status. Pande West is analogous to some of the recent major deep water discoveries in the vicinity. The drilling success rate achieved by other operators, based on 3D seismic in the main fairway east of Nyuni Area, is over 90%. The Company is reviewing ways to enable the potential monetisation of discoveries on the shelf and deep water through delivery into the National Gas Gathering System

Aminex now has a strong financial and technical base to enable it to build on previous drilling successes in Tanzania. First priority will be to drill and commercialise its position in the onshore Ruvuma Basin and then develop other opportunities in the region. With sound finances and strong shareholders, the Company can look to the future with greatly increased confidence

Aminex CEO Interview on Ruvuma Ntorya-1 , Ntorya-2 and Ntorya-3

https://www.youtube.com/watch?v=l_tbeY3EUvE

Aminex CEO Interview on Kilwani Production equivalent to 5000 barrels of oil per day

https://www.youtube.com/watch?v=0FJP4J7WWb

Linking Shareholders and Executives :Share Talk

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