Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thank you sharehead very much appreciated - should have realised that myself - we just need that development licence announced officially then hopefully we will get reports on progress as Ara moves things forward.
Atb,
Northern
Upon receipt of the Development License, APT will:
Contract a rig operator to undertake the drilling of the CH-1 appraisal well to further derisk the asset and, if successful, complete as a gas producer.
Re-enter and repair a tubular leak in NT-1 to enable the well to be safely completed as a gas producer.
Undertake further testing on NT-2, currently suspended as a gas producer, using a mobile test unit, to refine the design of in-field gas processing facilities.
support the Tanzanian authorities in the construction of a spur gas pipeline from Ntorya
To come. Just a quick question that some posters on here might be able to answer. If the development licence is announced by RNS will Ara be able to get the rig contract sorted and start drilling whilst the pipeline is being built then plug a well, or wells until the pipeline is complete?
What I'm trying to say is that we could see some progress other than waiting for the pipeline to be completed.
Atb,
Northern
And when all the money comes rolling in we can write off losses to date against tax
Just read the RNS again - not too shabby. Have a good weekend folks
Nah mine is .7p am afraid, wasn't here at .4p, well done you.
Jam
0.7p?
Do u not mean 0.4p?
;)
Exactly Tom. Many companies would die to have that sort of potential of any kind.
Even accounting for aminex only having 25% that is still nearly a billion dollar hustle
Good point. Bet those that didn't get in when sp was at .7p are biting themselves now..
And that's just the side hustle!
A good week, have a good weekend.
Thanks SC I knew you would soon be all over that. Let's do the sums.
55.2 million barrels of condensate x $66 =
Ooo look $3,643,200,000
Perhaps people should take note of that $3.64 billion 😎
"In a success case, significant volumes of associated condensate are expected to be produced based
on the results of Ntorya-1 and Ntorya-2 as shown in Table 1. With expected low processing costs and
available existing markets, the condensate could provide a low-cost, high margin supplementary
revenue stream for the project."
Table 1
Condensate
55.2 MMbbls
https://aminex-plc.com/wp-content/uploads/2024/03/APT-Revised-Resource-Potential-Mtwara-Licence.pdf
Now that stuff is far more valuable than most people think around here. Surprises me it rarely gets mentioned.
"CONDENSATE". June 2021. A barrel of East Texas condensate was $66
Would anyone like to remind me how many barrels they believe they have? 😎
The pipeline and export options are good news for the Tanzanian Authorities - it wont help AEX or ARA as they will sell the gas to the TPDC at wellhead for a fixed price. Pity we can't pump condensate along the pipeline!!
Based on history not recent news the gas price for industry and export was always higher than the the price realised for domestic consumption. So the pipeline and export option is very good news. Both in demand terms but in relation to likely income too.
From a link I posted earlier:
Uganda has an estimated 500 billion cubic feet of gas. This gas, which is expected to be depleted in just eight years"
So half a TCF over 8 years just to keep Uganda going. If we said 25 years supply from Tanzania that would require an extra 1.062 TCF. Then again we know that Uganda actually wants to significantly grow it's gas use to cut deforestation. So Maybe give them 4 TCF over 25 years. They could easily take that from Ntorya and Lindi without needing to involve gas from the deep water targets.
Nice to see this puppy continuing to gently tick on up.. short sharp jumps with retraces of the back are often tricky to navigate, so further steady ticking on up to 2p fine by me, please..
Big premium at the time too
Showing in trades section on LSE now. 2million shares at 1.523. That’s over £30k in one trade.
Tick up coming ⬆️⬆️⬆️
From the link posted by Alcapone1:
"... substantial undeveloped volumes will still be looking for a market, with the Dodoma-based government currently assessing options to pipe gas north to Kenya, south to Zambia and Malawi and west to Uganda, and perhaps even to Rwanda, Burundi and the Democratic Republic of Congo."
https://www.upstreamonline.com/energy-security/proposed-tanzania-uganda-gas-pipeline-takes-key-step-forward/2-1-1642127
I'll take your word for it Ufufuo - I am sure it will show up later today.
Now showing on graph too
Hey Crusty, look at SP on Google. Underneath graph, shows highest paid as 1.52. It did flash up on the graph briefly too 👍
🤣