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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Aminex Share Chat (AEX)



Share Price: 3.575Bid: 3.50Ask: 3.65Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.15Spread as %: 4.29%Open: 3.575High: 3.575Low: 3.525Yesterday’s Close: 3.575


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QuestionTime
Posts: 660
Off Topic
Opinion:No Opinion
Price:3.575
RE: Dev license
Today 11:41
RNS - solo...copied bit
Neil Ritson, Solo's Chairman commented:

"The well exceeded our pre-drill expectations for both reservoir extent and pressure. Ntorya-2, when taken together with the Ntorya-1 discovery well and the mapped seismic features, clearly indicates a gas volume of significant commercial interest. Flow rates were restricted for technical reasons; however, they fully meet the requirements for a declaration of commerciality and application for a development licence. A forward work programme, including perhaps acquiring 3D seismic data and drilling further appraisal/development wells, will we believe lead to a gas development of national significance. This is a highly significant well result for Solo, our partner Aminex and to the United Republic of Tanzania."
 
gaslady
Posts: 3,715
Off Topic
Opinion:No Opinion
Price:3.575
RE: Thoughts
Today 11:25
Indeed..took bloody ages...
joebop
Posts: 2,082
Off Topic
Opinion:No Opinion
Price:3.575
RE: Thoughts
Today 11:24
That should be kiliwani GSA
gaslady
Posts: 3,715
Off Topic
Opinion:No Opinion
Price:3.575
RE: Dev license
Today 11:23
Re: for my post earlier..as a stickler for detail I thought it worth scrutinizing the act document..this might explain the delay beyond the 60 days mentioned. Let's hope they meet regularly and we can get this show on the road. I have been thinking about that 'of national importance' quote...was it from an RNS or an interview..anyone remember?
joebop
Posts: 2,082
Off Topic
Opinion:No Opinion
Price:3.575
RE: Thoughts
Today 10:38
Of course he is qt.

Which is why all the marketing in the world won't help him.

The Tanzanians will approve development when they need it. Look how long the kilwani gas took. Why was that do you think?

A shitty couple of stocktube videos and a load of shyte on twitter is not going to speed things up.

It's the infrastructural and economic development of a country that is at play here, not your short term sp hopes.

If you want promotion built on **** and wind and nothing else, have a punt on echo.
Leaflessclover
Posts: 965
Off Topic
Opinion:Strong Buy
Price:3.575
RE: Kiliwani - actually bigger??
Today 10:33
Thanks for replying Crusty. So the chunky silver lining here is that we may soon have production back near to what it was and - indirectly- a bigger reservoir? I guess time will tell
irishmouse
Posts: 3,763
Off Topic
Opinion:Strong Buy
Price:3.575
RE: RE: Dev license
Today 10:31
Webmoor, why do you have to P so much when you have friends roun for lunch ?

Crusty.. sandwich and glass of milk posted (2nd class) to you last week, don't tell me you never got it.

Leafsclover..looks like we sit a side pocket not the main reservoir.
CrustyPete
Posts: 6,783
Off Topic
Opinion:No Opinion
Price:3.575
RE: Kiliwani - actually bigger??
Today 10:26
Leafless, if so they have never made that clear and, my view is that had they known that they would n't have drilled there in the first place. The refilling issue was always likely to be a possibility in that scenario, so why would you take that risk?

Possibly a downside of not having done 3D seismics and relied instead on 2D....? NOt that I know anything
Leaflessclover
Posts: 965
Off Topic
Opinion:Strong Buy
Price:3.575
Kiliwani - actually bigger??
Today 09:58
Morning folks. Quick question...did Aminex previously know that the welll into a pocket off the main reservoir?

If not, could that mean that the reservoir we’re tapped into is actually bigger than first thought? Albeit accessed via a side pocket which refills from the main reservoir more slowly than we would like (soon to be remedied with the compressors).

I’ve looked at past RNSs and couldn’t get clarity on this. Can any of the old hand help to answer this?
Celticheart
Posts: 12,872
Observation
Opinion:Strong Buy
Price:3.575
The future of Oil and Gas
Today 09:39
OPEC Predicts Oil and Gas to Remain World’s Most Important Energy Source to 2040

https://www.petroleumafrica.com/opec-predicts-oil-and-gas-to-remain-worlds-most-important-energy-source-to-2040/




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