Aminex is now brushing up against 3p, and it has done so before the rig contract, before CH-1 spuds, and before the market has any real idea what CH-1 may ultimately prove.

For years, shareholders were told by those who doubted the project that Ntorya would never be monetised. We were told the pipeline would not happen. We were told Tanzania was not serious. We were told to sell, move on and forget about it.

Thankfully, many shareholders chose to look at the facts rather than the noise.

Today, the pipeline is being built. CH-1 is moving closer. Tanzania is actively pushing its gas sector forward. Demand is growing. The market appears to be beginning to recognise that Aminex is no longer simply a story about survival. It is becoming a story about execution.

What is most exciting is that the major value inflection points still lie ahead.

• The rig contract.

• Mobilisation.

• CH-1 spud.

• CH-1 results.

• NT-1 workover.

• A revised CPR.

Potential production growth from 60 MMscf/d to 140 MMscf/d, and ultimately 280 MMscf/d — quite possibly more if Ntorya continues to develop as many believe it can.

Today’s move (4th June 2026) is certainly not the end of the journey. If anything, it feels like the market is finally waking up to where the journey may lead.

The share price has climbed from the depths while the doubters have repeated the same arguments over and over again. Meanwhile, the project has continued to advance.

At some point, price becomes the scoreboard.

Aminex is now approaching 3p, and the rig contract has not even landed yet.

That raises an interesting question.

If the market is willing to push Aminex towards 3p before the rig contract, before CH-1 spuds and before a single CH-1 result is released, where might it trade if CH-1 delivers what many shareholders believe it can?

Personally, I think the discussion around 10p becomes very real on a successful CH-1. If the well materially expands the resource base, confirms stacked pay and demonstrates the full scale of Ntorya’s potential, then even 15p starts looking less like a fantasy and more like a question the market may eventually have to answer.

First revenues from Ntorya would also be a significant moment. With production expected to grow in phases, the income potential could become increasingly important as development progresses.

For now, Aminex is approaching 3p, and the most exciting catalysts still lie ahead.

Happy days.

Prospero26

This is a shareholder opinion piece and reflects the personal views of the author. It is not financial advice. Investors should always conduct their own research before making investment decisions.  Original post source on LSE by Prospero26

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