Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Development License will allow the award of a rig contract which sounds like they have a rig.
From tonight's RNS :
"The authorities also indicated that the Development Licence will be received very soon."
Charles Santos seems very positive now the GSA has been signed that we can expect the Dev Licence to follow shortly.
DYOR - Good Luck to all of us long-suffering AEX & SCIR/Solo holders.
Thanks StockCheque that makes sense and of course, ARA will hopefully do what's needed to generate revenue, I think the demand is well documented.
In the RNS released tonight, it does say that they are working closely to expedite the pipeline so perhaps in this instance they have noted the end of 2024 as a worst-case scenario, and hopefully, as you say it will be completed during the dry season.
Get that CPR report issued pronto.
I would have thought that the sp would have stayed over 1p but one bit of good news should help and I suspect over the next few weeks if momentum continues to build it will attract lots more buyers in. Keep the news flow coming APT.
Atb,
Northern
SC the country can only take so much as it develops. 140 comes during the full field development. That never was on the cards from the one drill. Basically they now have a promise to take upto 48/day at an agreed price in the first year.
PoC,
I wonder if they knew about the pipeline delay?
What do people make of this?
"The Maximum Daily Quantity ("MDQ") to be sold under the GSA will be 120% of the DCQ, being 48 MMscfd for the first Contract Year. The Tanzanian authorities have indicated their willingness to take more gas as production from the field increases and their ability to take such gas increases, with production of 140 MMscfd anticipated within a few years of first gas;"
It sounds like a delay the way they phrase it, but to me it is no more or less than I was expecting??
There were plans for early gas sales, the main one I think was selling it compressed on site into cylinders or gas trucks. So a revenue stream is certainly possible, but as we are no longer the operator it's not up to us, it's up to ARA and whether they are interested in doing that for what is right now an unknown level of demand for it.
Astonishing that it's going to take so long to get the pipeline built, especially when the dry season starts in May and it could be finished in Q3. Why the extra delay to year end? Tanzania budget?? If so, then let ARA build-own-operate it and it will be done a lot quicker?
Hopefully payment will be in US dollars , rather than Tanzanian shillings..
At last, things positive happening, hope the 3d news is a huge upgrade when it comes.
Assuming that the GSA is confirmed tonight/tomorrow and the CPR, Licence, Spud etc are all forthcoming, does the pipeline delay stop the "Early Gas" or is there another option for distributing between now and the end of 2024? Gas in the ground is all well and good but we need to sell it to grow and move forward, don't we?
They process 350,000 cubic feet per day. Aminex aiming to pump 40 million cubic feet per day.
Easy to install but what is the lead time on them? They won't be sitting around on a shelf. Probably talking minimum of 6mth from order
The pipeline delay was already a know issue however perhaps people might like to learn about the mini LNG plant that will distribute the gas https://www.lngglobal.com/mini-lng-plant-overview#:~:text=One%20Mini%20LNG%20plant%20consists%20of%20ten%20containers%2C%20including%20feed,site%20to%20another%20if%20needed.
These things as you can read are modular, easy to install and have no need for concrete foundations. Effectively could be set up and moved anywhere
" WSCE Mini LNG Plant is a modularized turnkey small-scale liquefied natural gas (LNG) solution. One Mini LNG plant consists of standard 20 foot transport containers. Capacity range from 4,000 to 20,000 gallon per day
The modular pre-packaged container design with skid mounted portability means access to liquefied natural gas on a small scale is a reality today. All equipment in each container is manufactured and tested in-house on a production line to ensure high quality. These modular Mini LNG Plants can be shipped anywhere in the world."
It appears they want the licence before the release CPR...or am I being overly suspicious
You and that grudge Rojo(!)
Clear out the muppets looking for quick profits and let this news sink in over the next few days and people will realise there is a big drill coming, and an upgrade in resource from the 3D results. Anything neat the 8Tcf seen on the 2D will give some pause for thought. Plus the pipeline will be built in time for gas to come online.
I fear the excitement is over guys and gal...
Rig contract must be lined up if it allows signing a contract once FD licence is signed very shortly.
That disappointed with pipeline being put back back but no inference of need to cash raise for Aminex (to the contrary in fact with reference to investment being carried throughout.... just more patience required !
Many thanks.Yes,my take is he would have had to work with figures already in public domain
This was in the Telegram group earlier today:
Natural gas to reach all Tanzanians
By Ismaily Kawambwa, ZanzibarJanuary 10, 2024

UNGUJA, Zanzibar: Deputy Prime Minister and Minister of Energy, Dr. Biteko has said that the strategy of the Ministry of Energy is to ensure that it properly administers the Energy Policy of 2015 and to ensure that there is access to clean energy that will reach various customers with ease and price cheap.
He said that the goal of the country is to have energy that comes from various sources including the Sun, Wind, Gas and Water so that the existing Natural Gas can also be used to a large extent in other areas such as industries and homes instead of being used in large quantities in electricity and also to reduce consumption of oil.
Dr. Biteko has explained the strategies today in West District A, West Urban Region at the signing ceremony of the contract for natural gas to be produced in Ntorya area, Ruvuma block, between the Tanzania Petroleum Development Corporation (TPDC), the company ARA Petroleum of Oman and Ivory Resources of England.
He has explained that, in the Ruvuma block, the gas discovered and verified is 1.6 billion cubic feet. The signed project will be the first to be carried out in the country and will make it possible to reduce the thirst of Tanzanians to use natural gas even in areas that are far from pipeline infrastructure and thus stimulate the use of clean energy in the country.
The agreement also involved establishing relations to build natural gas infrastructure signed between TPDC and KS Energy Company, also establishing relations to build infrastructure to distribute Natural Gas with small infrastructure technology to convert Natural Gas into liquid (Mini-LNG)
"Our strategy is to change this issue of Natural Gas to be used more in electricity which is about 80 percent, we want to have a mixed energy in the country so that gas can be used in factories and homes and also reduce the dependence on oil." Said Dr. Biteko
He added that, TPDC now has a strategy that will allow for the distribution of the use of Natural Gas where the use of electricity will be 38 percent, in homes and industries will be 32 percent and 10 percent will remain in homes unlike the current situation where the use of Gas in industries and homes is 28 percent and the remaining percentage largely goes to electricity.

He has said that the Government is ready to cooperate with those investors in order to bring reliable energy to the people from various sources while citing the example of the implementation of the 50 megawatt solar project in Kishapu district, Shinyanga Region and the construction of other production, transportation and electricity distribution projects.

The ceremony of signing the agreement was also attended by Mtwara Regional Members of Parliament, the Representative of the Secretary General of the Ministry of Energy Mohamed Fakihi, the Chairm
Hopefully drip feed information now such a CPR, licence and drilling rig and spud date.The pipeline will get built.
Quote today after signing from Charles Santos
need to work through maths when I have time