Although OPEC have much less influence on the price of oil than they used to have, I cannot see them sitting back to let the price slide any more.
In the meantime, with my Aminex hat on, I still assume the GSA is imminent. The fact we have a 2Km feeder pipe being built from our wellhead to the Gas processing plant at Songo Songo at no cost to us must mean they want our gas, I just hope that it's not going to allow TPDC to sticth us up at the last minute and try to drive the price down.
CPR?? Are we holding back for a strategic reason? Is there a deal being done in the background prior to the CPR release?
J-K, Yes our blocks are stratigraphically and geologically almost identical as we are the mirror image of their block on the opposite side of the Ruvuma delta. However, every reservoir is nearly as individual as a finger print. Yes they all share the same target formations I.e Cretaceous and Tertiary but with in those layers of rock individual reservoirs of oil and gas have formed independently of one another. There is no question about the quality of our acreage as we have already proven gas/condensate exists in commercial quantities at Ntorya and huge gas pressures in Likonde. This fact alone has almost derisked our Likonde and Ntorya reservoirs completely once coupled with our extensive seismic. So regardless of their result our acreage is already off the wildcat chart and in mid appraisal. Their result will not effect that fact. If they do however strike oil or even hit commercial gas it will vastly improve our chances of striking more hydrocarbons but is by no means a guarantee. Geology in any oil/gas field is very complex but with all the wells discovered off shore and our proof onshore then our acreage and data will now be viewed as low risk for further exploration. In the O & G industry our acreage is very unusual. Very rarely do you discover such prolific producing acreage that has been so under explored. Tanzania and Mozambique will go down in history as one of the biggest gas discoveries of the Century and little old Aminex is slap bang in the middle of the majors with our huge holding of acreage !! VERY SPECIAL !!!
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