Actually, saying that, there must be some clauses in the PSC that offer protection to Bowleven should an Exploitation license not be granted, but they will not share the PSC - I asked :)
There is no reason why we will not get a license, Douala is desperate for power and we have some just outside the city, and we might have alot more depending on Zingana and testing the deeper reservoirs. So I suspect it will be first tracked.
I think - and someone correct me if I am wrong - Hydrocarbons were discovered in 4 Moambe pay zones, and this testing is the first one. So we should have news from the other 3 zones in Moambe and 4 more from Zingana at some point over the next few months.
"We look forward to the Zingana test augmenting the results at Moambe and to progressing gas sales negotiations." the company must have some sort of commitment or he would not say this. would expect SNH to take up all their options on good news. very positive!!
Bransonbull your correct, the ongoing testing programme is targeting the shallower gas-prone sands which it is proposed will be used for the initial feedstock for power generation. Under a gas-to-power development scheme, a production rate of 5 mmscfd would be expected to generate approximately 25MW of power.
Meanwhile, there may yet be more good news to come with the evaluation of the potential of the deeper sands that were targeted and encountered with both wells, which is also continuing.
Well it's a start, what are the plans because this is not enough gas to sell to a power company or enough gas to lay any pipelines so do they intend to sell the gas to vog? Why would blvn be in talks to supply a power plant with only this much gas when they must have known for a while just how much gas there is in this well. there must be more info out there. Let's hope the second well has 4-10 times this amount of gas in it, then it would be worth it and push blvn into the lime light.
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