Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
Thanks for that ICB888, I certainly missed that one. Definitely sounds as if things are progressing, albeit not as quickly as we'd like.
It seems investors missed last Friday’s RNS which was unfortunately released after the close on a Bank Holiday Weekend.
Here are the highlights which clearly support a higher share price:
“ Outlook:
• The operator of the Ruvuma PSA, ARA Petroleum Tanzania Limited ("APT") continues to progress operations at the Ntorya field, with the following planned for 2023:
o Two-week well testing programme on NT-2, utilising a mobile testing unit, principally to sample the gas and establish an accurate measurement of the gas composition, required for the design of in-field processing facilities and the export pipeline to the Madimba Gas Plant
o Conclusion of negotiations and execution of a Gas Sales Agreement
o Finalisation of terms for the construction of (i) an export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas by October 2023; and (ii) in-field gas gathering and processing facilities
o Entering into a rig contract to (i) drill, test and complete the Chikumbi-1 well ("CH-1") as a gas producer; and (ii) workover and recomplete the NT-1 well as a gas producer
o Following the processing of 3D seismic data, an optimal well location has been determined for the CH-1 well
• APT has also submitted a near final Field Development Plan to the Tanzania Petroleum Development Corporation which, upon approval, will lead to the issuance of a Development Licence for the Ntorya field
• Orca Energy, though its subsidiary, Pan African Energy Tanzania, has commenced its 3D seismic acquisition programme over its Songo Songo licence which includes an incursion of 12.5km² over part of the Kiliwani North Development Licence ("KNDL") at no cost to the KNDL parties. The acquisition programme is expected to be completed by Q3 2023.”
I know that Confucius said that 'he who talks to himself speaks the least nonsense'
Is that what you're referring to BG ?
RoJo, you know what they say about one talking to themselves
Errr...
haven't we just had the news ?
I wouldn't get excited about the lack of posts.
Everyone is comfortable here and looking forward to the news.
Quiet today !
Excitement and exuberance dying down.
Prosciutto's realism sinking in (I expect).
Dare I say probably in greater demand BF ?
Come on, own up, who knows the man in the 3D data room? lol
Whoever the "they" are trying to whip up enthusiasm, it seems "they" are not the only ones.
I'll let the "they" on the otherside stump up for the report so "they" can find fault and jump up and down about it.
Meanwhile, I'm more than happy with what I know already.
Yes, I remember you saying that you've met him in Lancashire.
You'll probably know that he loved to frock up, and Billericay High Street is a good place to flaunt your petticoats ?
Well whatever BG may have to say, I have met him, more than once: and in Lancashire... I think that trumps any evidence BG may or may not have.
Do they know something we dont?
https://www.offshore-technology.com/marketdata/oil-gas-field-profile-ntorya-conventional-gas-field-tanzania/
Production from Ntorya
Production from the Ntorya conventional gas development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 414 bpd of crude oil and condensate and 231 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2064.
Well Crusty, you'll have to discuss that with Blackgold - he thinks he has evidence.
As for the park benches, maybe he packed his bags and hitched or walked from Billericay to Oldham.
Are the park benches in Lancashire better than the ones in Essex?
"I'm not sure the Market is as excited as you are !"
Maybe not Rojo but they are trying extremely hard to whip up some enthusiam from those that are not already fundmentalist converts ;0)
Oh and, yet again, for your information Rojo, Tiptop was never "bunbooster" and nor did he ever "live" on a park bench in Essex - he lives in Lancashire....
Thank you for answering my question by way of your missive. From what you have said, it appears you are hanging your hat on the belief Aminex plc will go bust. Investors like me will be a worry for you as I would be quite prepared for a placing having come this far. The final nail in the coffin of your expectations Proscuitto, will surely be a date to start work on the pipeline. Bring it on !
Is he sir RoJo? well, bunbooster, tiptop, strange range, , ah they're all the same to me Skin. : )
I wish the SP would do some rattling.
It's becalmed, just like the Jolly Roger with a floppy mast.
Do you think Range is bunbooster BG ?
Unlikely surely, as bunbooster is actually tiptop isn't he ?
Go for it BG, rattle a few cages lol
Yes, Strangerange alias the renowned Bunbooster : )
Yes, same again CP, lol or I have more today if it's needed : )
Maybe next week you can both copy and paste in italics ?
Same again next Wed then BG :)
Well done BG !
I see you've learned to copy and paste too.
I thought this from the AR was very encouraging : )
"In Tanzania, we stand by last year's assessment of the country's significantly improved commercial and business climate. Moreover, we see the business climate continuing to improve. Specifically, the Tanzanian authorities appear fully committed to natural gas development and are making considerable efforts to accelerate natural gas production from Ruvuma. Moreover, the Tanzanian authorities, aware of their need to increase energy production to grow the country's economy, have embarked on further industrial development. These efforts include planning and constructing numerous facilities along existing gas delivery infrastructure directly connected to or near our Tanzanian assets which will increase local gas demand substantially in the short to medium term. In addition, discussions have been reported between Tanzanian Government officials and their counterparts in neighbouring countries exploring the possibility of securing a long-term gas supply from Tanzania, which will contribute to future gas demand in the East African region. These positive developments in the Tanzanian gas sector bode well for the commercialisation of our assets soon."