Member Info for alph

"In Tanzania, average gas output totalled 77.0 MMcf/d (operated share), corresponding to 37.0 MMcf/d as M&P�s share (48.06%). In March 2018, the Mnazi Bay field achieved a record production level of 84.8 MMcf/d, after it exceeded the monthly production threshold of 80.0 MMcf/d for the first time in February 2018. This production increase seeks to address the gas demand growth in order to meet national requirements" http://www.maureletprom.fr/en/investisseurs/communiques-de-presse Two months in a row with production over 80 mmscf/d. Not bad at all.

March 29 is a national holiday in Norway, and OSE is closed this day and does not open before April 3rd. Would not be surprised if there will be a new notice informing that Q4 will be on March 28.

Anyone read anything regarding why Dangote has not start using their own gas-powered plant in Mtwara? In August it was said to start up next month (September), but according to todays articles it will start this month. Kind of strange, as everything seems ready, and they loose a lot of money using diesel-powered gensets.

Anyone read anything regarding why Dangote has not start using their own gas-powered plant in Mtwara? In August it was said to start up next month (September), but according to todays articles it will start this month. Kind of strange, as everything seems ready, and they loose a lot of money using diesel-powered gensets.

We can all thank the Norwegian social welfare/parent welfare system allowing me to stay home reading forums, and still get paid.. :-)

Nice article discovered by our friendly neighbours: http://interfaxenergy.com/gasdaily/article/29860/tanzanias-domestic-gas-market-picking-up By Leigh Elston 5 March 2018 Tanzanias plans to export LNG might be progressing slowly, but President John Magufulis industrialisation drive means growth in the countrys domestic gas market is looking more promising. As state utility Tanesco and state-owned Tanzania Petroleum Development Corp. (TPDC) start to iron out payment issues that led to disruptions in power operations two years ago, investors are looking at new opportunities in Tanzanias upstream and midstream. Aminex Petroleum, which operates the Kiliwani North Development Licence (KNDL) and the Ruvuma production-sharing agreement (PSA), is looking into further drilling in Tanzania. Aminex upgraded its pmean estimates for gas in place at the Ntorya field within the Ruvuma PSA in early 2018, raising the figure from 36.8 billion cubic metres to 53.0 bcm. The plan is to drill a third well at the site, which will feed into the Madimba gas plant around 30 km away. Aminex is also conducting technical work to assess the feasibility of further drilling at the KNDL, where a new Kiliwani South prospect has been identified. Any new production brought onstream could be fed into the Songo Songo gas plant, which supplies a pipeline running to Dar es Salaam. The biggest growth areas will be in power generation and heavy industry, both of which will drive demand and are heavy users of gas, Jay Bhattacherjee, chief executive of Aminex, told Interfax Natural Gas Daily. Meanwhile Wentworth Resources, which holds the Mnazi Bay licence along with operator Maurel & Prom, has said its financial situation is continually improving as TPDC and Tanesco keep up with payments. In its most recent company update, Wentworth said it had received a net $2.5 million in February for gas sales from the Mnazi Bay concession, where production continues to rise. Volumes have begun to ramp up significantly with the first two turbines at [the] Kinyerezi 2 [gas-fired power plant in Dar es Salaam] now operational and the remaining four turbines expected to be commissioned during this year, the company said in January. Another new source of demand is the 3 mtpa Dangote cement factory in Mtwara, which is currently using diesel to generate power but intends to have fully switched to gas for both its electrical supply and to fire its kilns by March 2018. Wider gas growth plans Power sector demand growth is a key reason why the outlook for Tanzanias gas suppliers is looking rosier. The fact Tanesco is being restructured to help alleviate losses also means Tanzanias ambitious power plant plans now look more viable. Tanzanias ministry of energy plans to bring around 5 GW of new generation capacity online by 2020. Beyond the startup of Kinyerezi 2, projects include the governments 184 MW Kinyerezi 1 expansion, which should come online in 2019; China Power Inve

https://dailynews.co.tz/index.php/home-news/56282-five-competing-for-rufiji-dam-project "...Dr Abbas said it was the government�s expectation to ensure the country generates sufficient and reliable power to electrify its domestic and export demands. He further noted that expansion work at the natural gas powered Kinyerezi I and II were at different stages of completion. He said the extension work at Kinyerezi I would add up 185 MW in the national grid while the Kinyerezi II would raise the total in the state electric grid to 240 MW. �We have already released 111.88 MW in the national grid from Kinyerezi II, we hope to commission at least 30 MW every month until we reach the 240 MW mark,� he said. According to the director, implementation of both projects were at 60 and 90 per cent. Kinyerezi II would be completed by September, three months earlier than the initial deadline of December this year. Tanzania, whose population is approximately 53 million, has 1,400 MW of installed grid capacity." (In a discussion with CSI Energy Group exactly one month ago, they stated that Kinyerezi II was generating 81 MW, so another 30 MW added to the national grid, which equals about 6 mmscf/d)

Regarding Substainable Capital: "Unlike traditional asset managers, who focus solely on financial information in the determination of fair value, at Sustainable Capital we believe that by combining rigorous fundamental investment research with detailed investigations into material sustainability factors, we can determine a better reflection of a company's true long-term value. In essence we include assessments often ignored by investment managers (sustainability factors) and incorporate these factors into traditional valuation techniques. We believe that by assessing, and pricing, these risks and opportunities Sustainable Capital will deliver higher long-term risk-adjusted returns to investors."

Which means that someone else (most likely one buyer) picked approx. 5,5 million WRL shares (close to 3% of outstanding shares) on Thursday/Friday last week. Are instituional buyers taking a bet on farm out on Tembo soon?

Around 7 miillions shares was bought on Thursday and Friday, most likely by one buyer. That should be pretty interesting!

Up 5,86% at OSE. Will we see any activity at AIM at all..?

Fantastic! Production has been increasing every month since Q2, and payments seems pretty regular. Production for March will probably be even closer to 90 mmscf/d, as 3rd turbine at Kinyerezi 2 was started up during February, and now producing 81 MW per day. Will be 240 MW when all six turbines is connected.

Must admit Im a bit suprised, based on what he has said about WRL last 12 months. But since he (naturally) doesnt have any explanation why it isnt among his favourable stocks per february, its impossible to argue against it. Maybe he is disappointed about things taking too much time regarding new customers for gas in Mnazi Bay and farm out in MZ? On the other side, some of his picks do hardly have any income now or the nearest future..

MaureletProm relased their Q4 numbers today, which is old news for WRL's, but still: "In Tanzania, demand for gas from the national company, TPDC, rose steadily in 2017 to reach average production of 62.2 MMcf/d at 100% in Q4 2017. This demand, which is linked to industrial gas consumption in Dar Es Salam, is expected to increase further in 2018."

According to comment in Hegnar, WRL will start report payments from TPDC and Tanesco the first week of the month, rather than the middle of the month. Therefore we should expect a press release around Feb 1. This based on correspondence with Katherine Roe. If Malcy do as we hope for; puts WRL on his Bucket List for 2018, week 5 can be very exciting.

Close: 3,39 (31,15 p) at OSE

3.30 now (30.25 p) at OSE.

Soon time for repricing at AIM? OSL: 28,79 while 26,50 at AIM.

Happy New Year! New year, and new possibilities for success! As a Liverpool-supporter I'm pretty experienced in waiting for success.. Regarding Kinyerezi II, mikkelschmidt asked the constructor CSI Energy Group, when production started up, and they answered that it started on Tanzania's Independence Day - December 9th. Nice to know. https://twitter.com/CSIEnergyGroup/status/948055236266033155

Great news! Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is today providing an update to shareholders. The Company is pleased to confirm that December payments have been received from Tanzania Petroleum Development Corporation ("TPDC") and Tanzania Electric Supply Company Limited ("Tanesco") totalling $2.5 million net to Wentworth for gas sales during the year. The receipt of these payments is further evidence of TPDC and Tanesco's commitment to continue to settle invoices on a regular monthly basis. The Company is also pleased to report that gas delivery has commenced to the country's newest power facility, Kinyerezi-2 for commissioning of the first two of six gas turbines. Kinyerezi-2 is expected to add 36 MMScf/d to the national daily gas demand once it becomes fully operational during 2018. We continue to maintain 2017 full year production guidance of between 40 and 50 MMscf/d.