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What do I take away from the file?
The Government are driving the 3D Seismic, NT-1, CH-1 and pipeline forward, pushing ARA. They want and need the Gas.
Big Gas (not LNG) export plans to neighbouring countries. Kenya linked to Madimba GPP same as our Gas.
Still building more Gas power over the next 3 years, not stopping it for renewables, expanding in parallel.
TPDC has definitely allocated 58.75 billion Shillings for the pipeline. No funding issues for that.
Another bit.
vi) Project to Export Natural Gas from Dar es Salaam
(Tanzania) to Mombasa (Kenya)
168. Honorable Speaker, the Government of the United Republic of Tanzania and the Government of The Republic of Kenya continued preparations for the implementation of the Transport Project Natural Gas From Dar es Salaam (Tanzania) to Mombasa (Kenya). Until by April, 2023 the Joint Committee of Experts completed the preparation of the necessary documents to find the Guidance Counselor for conducting the Assessment Feasibility of the project. The documents include Bilateral Agreement, Joint Procurement Rules and Terms of Reference (ToR) where the documents are currently being prepared improvements based on stakeholder feedback before signing.
288. Honorable Speaker, the Government will continue preparations for the implementation of the projects export of natural gas to the neighboring countries of Kenya and Uganda in consideration Preliminary Agreement (MoU) reached between the Government and those countries. In addition, the Government will complete the approval of the necessary project documents as well as obtain them Guiding Consultants to carry out Feasibility Analysis of the projects. Government through TPDC has allocated a total of 420.7 million shillings for these works.
289. Honorable Speaker, with ongoing discussions between Kenya and Uganda, The government has started preliminary discussions with the countries of Malawi and Zambia in order to to see the best way to deliver natural gas to those countries for use various. This is a specific measure aimed at improving commercial issues and implement regional agreements to ensure the resources of one country they help other countries.
https://www.parliament.go.tz/uploads/budgetspeeches/1685539236-document%20(10)%20(1).pdf
276. Honorable Speaker, the Government through PURA will continue to manage search activities of oil and natural gas in Kilosa-Kilombero Blocks, Tanga, Ruvu,Nyuni Area, Blocks No. 1, 2 and 4. In addition, PURA will continue to manage the activities of development and production in Ruvuma Nurseries (Ntorya), Songo Songo and Mnazi Bay. The goal is to ensure that the companies carry out their activities in accordance with the Agreements. Appendix No. 12 shows the Map of Blocks Exploration and Development of Land and Sea Areas.
277. Honorable Speaker, the Government through PURA will manage the processing activity and to interpret the seismic information taken in the Ruvuma block in a kilometer area of 334 square meters along with the management of the repair (work over) of the well Ntorya -1 and the excavation of the search well (Chikumbi – 1). In addition, PURA will continue with the management and inspection of the activities carried out in the blocks all the exploration and production of natural gas in the country, the aim being to ensure that relevant Laws and Agreements are observed. A total of 1.774 billion shillings local funds have been allocated to facilitate the implementation of these works.
282. Honorable Speaker, the Government through TPDC will continue to implement the Construction Project of the Pipeline to Transport Natural Gas from Ntorya to Madimba in Mtwara region. The goal of this project is to increase the production of natural gas to meet the ongoing demand increase in the country. The government through TPDC has allocated a total of Shillings 58.75 billion for those works.
https://www.parliament.go.tz/uploads/budgetspeeches/1685539236-document%20(10)%20(1).pdf
"taken out for a song before we see the Crown Jewels"
You make it sound like a date night. LOL!
Every AEX shareholder has always known and worried about the possibility of being taken out for a song before we see the Crown Jewels. If the Wentworth boys are successful, good luck to them and surely good news for us moving ahead.
By the way, I’m not one of the doom merchants I’ve nigh on 5 million reasons not to, I’m relying on Aex to get me out of the mire that solo/scirocco and Doriemus left me in, about 65 grand near enough.
Love your wild speculation Edgar222, not really into the politics of all this, just thought the
Wen report might have some reflection on the scirocco deal.
Well done to you Edgar ! What a change from that depressing bunch of Doomsters ! Have a feeling somehow Scirocco are in the mix. I've had the view Proscuitto is Mick 2020 from Wentworth. He must have been livid about their stitch up and well involved with the fight back. Good luck to them and if they are successful, it bodes well for anyone who tries it on again in the future, if you get me ......
Baramara
Thanks for the WEN tip off. In short the authorities might not approve the takeover of Wen.
Could it be that Tanzania are so impressed with our little consortium that they want Ara to takeover Wen?
Total wild speculation on my part. So shoot me. Am just joining the club.
Lol yes there will be one for sure we all know that.
It was a joke responding to "does someone know something we dont" while we are all waiting for one.
No more comments like that I promise.
5 July not 9 July
"An AGM rns is due"
2020
Results 30 April
AGM notice 7 July
2023
Results 28 April
AGM notice could be as late as 9 July
BG ... Did you as a shareholder not expect it this week?
Please tell me you did not see it was a comment in jest?
Yippee !
We're rich !
Take those shades off RJ, it actually closed at 1.08 !
OK StockCheque, but do Aminex have to have an AGM or not ?
Are you talking about the tick-up to 1.05 fro 1.025 Tanz !?
You're re-writing the definition of straw-clutching !
AEX isn't holding back news. It's a listed company and follows the rules.
ARA are not listed. They can provide news when they feel like it. No listing or FCA rules governing them.
Pending news and who determines when it's available.
GSA (TPDC/PURA)
Contract for construction of field processing/gathering facilities (ARA)
FDP (TPDC/PURA)
Ruvuma licence extension (TPDC/PURA)
Rig contract (ARA)
Full 3D seismic results (ARA - by mid-Year. 3 weeks to mid year)
Full revision of gas reserve and resource potential for the field (ARA - based on 3D results)
Pipeline contract (PURA/TPDC)
Could this be holding back any news ?
See WEN board.
"- An AGM rns is due lol"
So what's funny about that KIrsin ?
Lol..... well the shareholders certainly know something the board does not - An AGM rns is due lol
Some nice buys going through, does someone know something we don’t. Lol,
As I suppose with this current, unexplained share price tick up RJ you're about to get talking our investment back down again, yes ?
Not a lot of point in posting positivity if there's not much to be positive about though jollyboy ?
Gift, I too understand and I myself will believe when I see, but as you say the opportunities to build up have been there as they are now.
This board is in desperate need for some positivity if only to be a welcoming place for new investors to learn and discuss.
Hopefully we get to chat at the AGM