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Well Northern, if CH-1 is successful and prove up the (4.5 TCF prospect) the well is testing, ( that's additional to the already proven 3.45 TCF by NT-1 and NT-2 ) , so we will then be talking nearly 8 TCF of gas, that they will then be able to transfer from resource category to reserve.
So yes, after a successful CH-1 drill and test, I think we might all be a bit surprised with the value the market starts to place on Aminex's 25% of the Ntorya discovery at that time.
But of course there is much more to the Ruvuma PSA than just Ntorya. Yes exciting times ahead. π
As usual, RoJo has nothing to say just his p1ss taking sarcasm, what a saddo RoJo π
"Is it at well-head or processing plant ?"
RoJo, for one so old you don't half show your ignorance π
"His MUM?! She must surely be in the Guinness book of records?! :0)"
No, that's Tanzania's mum. Lol π
Yes OK, ssshhh, he was here late last night, with his usual drivel, but now he's vanished, I expect his mum caught him up late and took his phone off him. π
Where did RoJo go π
Oh dear RoJo, don't look now, you might have a better day tomorrow π
RoJo, get back over to ADVFN and get back into that other Skin of yours, talk about Skinwalking, it gives me the creeps π
"Just as they could have done 6 or 7 years ago BG.... they were spouting the same old tripe then too."
No no no Crusty, I know this is Tanzania, but in any country these projects takes time to get proved up to the point of development, it takes years, but that is precisely where we are at. Yes they'll be singing from the roof tops now
Yes, I expect them to be tweeting a lot more in the weeks to come, and why shouldn't they, what a fantastic gift the Ntorya gas field is for the Tanzanian people. Yes sing away little bird π
"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"
In my mind, there's two words there that pop out, (needs and availability) Well the thing is, now after the great resource update for Ntorya, the tpdc can now address those needs of the Tanzanian people by ensuring the availability of this easily accessible giant gas-field
"You can't earn money as a MM if there is no trading!"
Yes, if it was left to me the buggers would starve to death. Lol π
Not long to wait now RoJo and you'll be able to cross this one off your list as well, of things not done.
I like VERY SOON Lol
"We expect a Development Licence will be issued by the Ministry of Energy very soon"
The Lone RoJo π
The devon bumkin would love to come, but I don't want nobody ganging up on me. ππ
RoJo, do you realise how moronic you sound?
"IMVHO they will reimburse their share of costs for NT-1 and NT-2 as these will both be commercial wells."
Yes, no, I'm no expert, but I'll tell you what, we will find out pretty soon. ππ
"Β for reimbursing the joint venture partners with the parastatalβs proportionate share of development capital expenditure on the licence to date."
I think the wording that is prominent there is Development. ??
Tpdc, paid for a % of Wentworth share which was up for sale to M,&P, ,there % back in rights into the development of Ntorya is completely different, and as far as I understand it, historical exploration cost are not included
Yes, and I wonder where the gas is going to come from to fill that pipeline π