Since the success of Aminex’s Ntorya-1 gas discovery, mapping of the Ruvuma PSA has identified further stratigraphic leads not previously recognised with confidence from available 2D seismic. Aminex is planning new 2D seismic in the Ruvuma PSA to better define and de-risk the stratigraphic potential, as well as to appraise the Ntorya-1 discovery.
Tanzania has signed a $1.2 billion finance package with the Chinese Export Bank for gas infrastructure which will include: 450 km 36” pipeline from Ruvuma Basin to Dar es Salaam. 25 km 24” pipeline from Songo Songo Island to main pipeline. New gas processing plants on Songo Songo Island, and near Mtwara – approx. 30 km from Ntorya-1. This pipeline will provide access to market for both Aminex’s Kiliwani North gas Field and Aminex’s Ntorya-1 gas discovery. Pipeline project due onstream end 2014.
The deepwater acreage in the Nyuni PSA is of potentially significant exploration interest and 3D seismic is planned for this year. — This is pretty substantial, especially as AEX have never previously had that type of tech before.
Ruvuma is a vast licence which contains a number of large leads in addition to the Ntorya discovery.
With a major new pipeline project under way and strong demand for natural gas, Ntorya and discoveries at Ruvuma will be important components of Tanzania’s short to medium term energy needs.
Key in my opinion — Nyuni PSA 3D seismic is planned for this year.
Really need some positive spin at the AGM and further light on what recent events have given the bard the feeling things this year will come good . So far the SP isn,t good IMHO caused by the boards inability to deliver and such down beat RNS,s .
Told you to stay positive BJP1 — As always with companies no one knows what's behind the scenes before they actually tell us, so in this case a lot of "guess" work and selling, and now that's a BIG BIG BIG step in the right direction, I am delighted!
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