Below is the end of one paragraph and the beginning of another from the RNS about production etc:
"The Company will be paid in US Dollars for all produced gas including commissioning and testing gas.
The Company has been advised by the Tanzanian Petroleum Development Corporation ("TPDC") to prepare the Kiliwani North 1 well for production starting mid-February....."
I think it would be likely that an RNS would be issued next week to announce actual gas flow albeit only testing etc although it wouldn't be mandatory given that they've already stated in an RNS that production would start mid-February. In order for these tests to begin on schedule (on or before 14th February) an RNS could be out next Friday. Regardless of the fact that absolutely not one thing has ever begun as predicted by Aex on time, there should be an RNS regarding Solo anyway. Also, the effellant in the room (finance) needs to be addressed and may result in an RNS combining several issues.
Either way, there should be an RNS some day next week about something!
"The development programme also includes the installation of a refrigeration unit at the Songo Songo processing plant. The programme is currently contemplated to occur from Q3 2015 to Q1 2016.
Additional productive capacity would be available to supply some volumes to the National Natural Gas Infrastructure Project if and when the company concludes a gas sales agreement with TPDC," the release added.
It also said the first phase of Songo Songo development is not dependent upon concluding a gas sales agreement with TPDC, and additional gas volumes could be sold through the existing Songas infrastructure to industrial and/or power markets.
going on, haven't seen this many posts and arguments on a Friday evening for a long time. Are we seeing a short attack. What's wrong with a placing if it tides us over until revenues come in, wouldn't have thought we needed one though. Also why do some of you guys insist on calling the CEO of our company childish names, it undermines anything of value in your posts.
He added that the project also included the drilling of a new offshore well SS12 which will have a daily production capacity of 35 million cubic feet.
"All the workovers and the new well were completed with a gas tight premium production casing and the production strings were completed with gas tight tread chrome tubing," he said.
The work was completed without any accidents on site, no spills and there was no lost time from the date the jack-up rig started work. The completion of the offshore capital programme on February 10 will bring the total number of functioning wells to eight from the current five.
Can any one tell me if orca and pan African energy have a gsa for songo songo yet ? I've read today the workover of there Wells are due to end 10th of February and commissioning would follow soon after . Would they not need a gsa to do this or am I wrong ?
Jay batterchattergob has a rescue plan for AEX because the video queen 2015 year award is and has failed us miserably to date.
He must go sack him I say we need a CEO we can trust and believe in and get RNS statements that are clear and concise good or bad I would rather hear the truth and not the cryptic clue syndrome from Jaybatterchattergob
To me Jaybatterchattergob has had enough tine to deliver and as failed on all accounts he must walk and the sooner the better
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