Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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As are Statler and Waldorf hunting in pairs yet again. Premature ejaculations just as last month.
Rig decision news expected end April. Tick up as it arrives as predicted.
Test results not expecting announcement until end of May.
Must be bored after playing Jackson Chen all weekend
Rojo,that’s inside information so he can’t be well informed just chat board rubbish to wind people up as far as I’m concerned.
I know RoJo, just poking the bear. The NT2 Flow Testing scheduled for the end of March was a FACT on the 2 March RNS.
Believe it or not Aimster, it didn't happen !
Any update on the 2 week NT2 flow testing that was scheduled for the end of March?
Don't be ridiculous guys !
Prosciutto is well-informed, and posts a lot of sense, and of course is as entitled to his view as you are.
What's the problem ?
Don't poke a bear with a stick.
Every week his very mention gives him the oxygen he seeks. He's just another scammer full of BS. All speculation and no facts or evidence.
He will be here as usual, just ignore!
Only posts on Wednesday as he gets out for daily release,so I wouldn’t listen to anything he says
So we are now talking total negative speculation and ignoring what we are being told? Seems about par for the course around here. On what facts are you basing your theory on?
Pipeline build needs to start by early July to be built by end of September early October. Two external enquiries have revealed an estimated three month build dependent on terrain. As the supervising manager role was advertised on a nine month contract 1st February and the early rains due to end later this month, there is a five to six month window for construction. As it is the government pushing and seemingly desperate to get the gas (they have elections soon) I honestly do not see them wanting to miss the opportunity.
First has is expected October and as far as we know doesn't need a rig to deliver it.
Will gas ever flow I wonder ?
Prosciutto, what do you think ?
Prosciutto knows his onions (and his olives)
Agree as will be v surprised if flowing and sales by August. But the last fund raise will keep the lights on till end of 24 and would be very surprised if we didn't have revenues incoming by then.
Plenty of news to come in Q2,3,4 will derisk and so raise the map.
This is the best time to be invested in AEX and at a very cheap price.
RogerJolly, I do not expect that gas will start flowing in the pipe by October 2023. I expect a delay of at least 6 months as I do not think the pipeline will be ready as soon as predicted. This will put additional pressure on liquidity that will require some sort of funding, equity or loan. Furtermore, there were some additional claims from TZ compared to last year.
HY granted there has been comment re going concern, but they are not unexpected are they and they have been in place for the last three years have they not. Without any income and still having outgoings, no matter how minimal they are, there will always be that note explaining the risk. An obligation of the auditors to report on it.
However, with enough funds raised last year to last until planned first gas end of 2024, I honestly don't see that as a major worry, particularly now that first gas is expected twelve months earlier.
Let's face it, if things go as planned they are just six months away from first gas and in a worse case scenario needing tide over funds, a small raise at that stage wouldn't be hard to achieve when the sp would be expected to be way north of where it currently sits.
Haggis, I am assuming there will be some kind of hub as they will be aiming to supply the pipeline from three different wells and according to the FFD that we currently have our eyes on, a further five more to follow!
I'm sure there will be a need for some pre-processing before it enters the Madimba pipeline to extract the anticipated condensates that has been suggested. My thoughts are that they would then use one connection into the pipe from the hub. At least that is logical to me.
If I remember past conversation right, any condensate, (valuable in itself) would be trucked away.
Tanzania, you asked Proscuitto if he still thinks ARX is going bust. I am not Proscuitto, but I will make a comment anyhow. I do not think AEX will go bust, but there is a big risk, that the company will need additional funding during the year, as working capital is negative. Short term liabilities are larger than short term assets. Both the Auditor and the Directors have made commets regarding "going concern" and that additional funding may not be possible. These are not standard comments, but specifically related to working commitments for the Nyui license, provisioning for decommissioning and disputed tax claims. Please read note 1 and note 25 in the annual report for additional information.
PoC,
Friday RNS says "required for the design of in-field processing facilities and the export pipeline to the Madimba Gas Plant"
I read that as a new gas processing plant at Ntorya of some kind (gas hub? More processing?), with the export being to Madimba, not out of the country.
Haggis , thanks. Yes, I was wondering about two different gas sales in fact. One for domestic use, and one for export. Gas for export would at be a higher price. Just wondering if something is being agreed for gas to also be exported from Ntorya increasing the revenues for the Government. The wording in the Friday results is now talking about an export pipeline. First time I've heard the word export. I presume they are just calling it that and the gas is still for domestic use.
PoC,
"Be interesting if some of the Ntorya gas will get pumped into the 36" pipe for export"
The gas from Madimba goes into the 36" pipeline, so all of it will go into that 36" pipeline. My guess is they will expand Madimba to process the additional gas.
The gas processing plant is in the middle of nowhere, so can easily be expanded.
https://goo.gl/maps/Tv3yLdbCT2sk4xUq6
As said, that presentation is 5 years old. Rather than build one pipeline now and another later I suspect they will put in say a single large pipeline that can be ramped up as new wells are connected to the Ntorya raw gas hub.
Yes I agree. It is interesting though that the pipelines are being constructed before CH-1. They have great confidence in the volumes of gas and the news on Friday drew attention to the mid year seismic results would be a catalyst, followed by a revision in the reserves, presumably upwards.
Pageofcups that's from 2018, everything has moved on leaps and bounds since then, Tanzania gas demand 3D results etc, I can't imagin them building a small pipeline and then having to build a larger one.
In order to construct the pipeline they were first going to drill CH-1 and test. Based on the results of CH-1 test and the 3D seismic, they were going to construct the pipeline(s) to allow for maximum gas delivery. They are now going straight into pipeline construction. My guess is, the results aren't needed as they know from the 3D that the gas is huge.
First gas in October.
From APT website.
APT immediately started planning the approximately 350 Sq Km seismic program and preparing for the drilling and testing of the new Chikumbi-1 well. The Ntorya discovery contains 1.8 Tcf of gas according to 3rd party CPR and has been proven by 2 wells both producing 20 MMSCF/d each during testing.
Once the 3D data and the new well has been drilled and analysed it is likely that APT will prepare a Field Development Plan (FDP) and after approval from the various authorities in Tanzania commence the development. There is ullage in nearby processing plants to allow for evacuation of significant volumes of gas. ARA Petroleum very much looks forward to working with the various bodies in Tanzania in an effort to mature this very promising asset at the earliest possible opportunity.
Can see on slide 9 the proposal twinned pipe 8" and 12".
http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation.pdf