Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Ufufuo,
Following on from my previous post, after more thinking.
The 3D seismic completely changes the economics of the project, making it viable to significantly increase production earlier, with no effect on the expected lifetime of the resource. Forget what was behind the 140mmscfd plan, ARA now have a completely different resource to base the development plan on, and much bigger production should easily be possible. I was one of those shouting for 3D seismic over Ruvuma way before they made it a plan, as Mike Rego said it was the only way to really work out what was down there, as the complex geology was not easy to understand on 2D seismic.
Tanzania are also building pipelines to Uganda and Kenya, possibly to Zambia as well. The LNG plant is going nowhere now as the government want to change the deal, but those big oil majors wont want to concede any of the profitability as they are the ones that will need to borrow and pay back the funding for it. So significantly increasing the Ntorya output would help fill those pipelines to other countries.
I suspect an updated field development plan to be forthcoming, maybe not this year but certainly after CH-1 is drilled and they can see what max output they can go to, and once stable money is flowing in to us and ARA.
Imo ? well obviously it's your opinion sharehead !
Who's opinion could it be otherwise !
Jigsaw pieces all falling into place imo
Nice little rise ahead of news / drill / gas producing. Won't be long and Rojo plus it's two pen sharers (Yoyo and Pork product) will be well and truly silenced. Be good for the LTH to silence the rats trying to take advantage of folk.
Ufufuo,
Going back to your numbers and scenarios posted earlier on this thread, maybe there is another scenario that's not yet been offered up.
"produces at a rate of 140mmscfd"
If we are looking at 16TCF for the Ntorya area, a quarter of that is AEX Gas, 4TCF.
4 TCF = 4,000,000,000 MCF
https://www.kylesconverter.com/volume/trillion-cubic-feet-to-thousands-of-cubic-feet
For Kiliwani Gas "Aminex will receive USD 3.00 per mmbtu (approximately USD 3.07 per mcf)" and we know the newer Gas prices are higher, but let's just stick with $3 for the moment.
USD 3 x 4,000,000,000 = $12,000,000,000
Gas recovery. We know it's Gas pressure that sends the gas up the well, so 50-70 percent recovery.
"Gas expansion 50ā70%"
https://wiki.aapg.org/Predicting_hydrocarbon_recovery
That would give the area 8 to 11.2 TCF recoverable. 2TCF to 2.8TCF to AEX worth $6,000,000,000 to $8,400,000,000. If only AEX could book that as a resource sometime.
And why stop at a rate of 140mmscfd, when that was based on the much smaller resource, and making it last 25 years.
With 16TCF they could produce at a much higher rate, 4x, 5x or even more, so long as they have pipelines capable of transporting it, and it would still last 25 years or more.
Then your valuations that are based on revenues would be 4x or 5x too.
Excellent !
Well done boys and senora!
Keep it going.
FOMO now in full effect. IMHO.
Did someone ask earlier "How's it going?" Not too bad is the answer thanks for your concern š
Need rns then this will fly 2pence not to far away now .With lots of news due someone will be eating there words and their hat soon
How this will rocket on license news, rig arrival etc. .78 will be a distant memory.
Looking very strong for tomorrow morning
One more tick up before the close?
Hard to believe first bought this at 14p (some recommendation that was) but now in Profit.
Its GREAT to see with still no sign of the RNS. Nice to be well in the black again. if it keeps up like this when the RNS does drop we should get a lovely boost.
Yes it is starting to look very promising , the market has started to wake up to just how much of a good thing this could be.
Up she goes
Latest trade a 206000 Buy at 1.434p.
Now Up 9.37% at 1.4p as we enter the final 30 minutes of trading. This is looking very promising for a close at a level we havenāt seen for some time. Volume currently 16.4 million.
The MM's will pay me 1.405p for 100,000 and 1.385p for 1,000,000. So it bodes well Rellik. Here's hoping!
I think it will hold and certainly hope that it does .
I have more than enough thank you Ufufuo ;0)
Would be good to see it hold for the close...
1.35 -1.45p :0))))
Yep. On an upward trend and a lot of news ahead of us. Drastically undervalued. A good time to be buying IMHO
New high for the last year