Member Info for blackgold00

Robbie, i still think there is a slim chance as in the past 3 Ruvuma drills, that Ch-1 could spud early next year. Jan that is.

well, not that i trade, i just seem to buy, but i wouldn't want to be out at the moment, and risk (when it is announced) that the CH-1 drill date, is going to be sooner than is now being anticipated.

tick down, : (

Aminex is ARA's/Zubair's public little baby, which they now have total control over the BOD, and has stated before plans to make the most of Aminex's assets/opportunity,s.

so instead of the two pipe-lines they envisage one 18" pipe-line ?

https://tools.morningstar.co.uk/tsweu6nqxu/globaldocuments/document/documentHandler.ashx?DocumentId=229216175
5.7.1 Case A
The scheme consists of a gathering system of flowlines tied back to a central manifold which exports
the gas via a 33 km x 18” pipeline to the Madimba gas processing plant which is known to have a

them/TPDC = APT/TPDC : )

the 8" was the presumption of an (early production system), but i believe the thinking is now for them/TPDC to build the main large pipeline strait away and not waste money on the limited capacity of the 8" pipe-line. i believe gaslady.

i'm with you Jack, feeling a lot more positive now.

of course, the gross project levels) of 140 MMcf/d, is approximately the spare capacity of the Madimba gas processing plant.

considering the potential high flow rate that could had been achieved at NT-2, if mudding up to prevent blow-out hadn't messed up the well, then i don't think it will take that many wells to reach the (gross project levels) of 140 MMcf/d.

with possible work-overs/sidetrack at NT-1 and NT-2, increasing their flows to say 30 mmcfd each, and with a successful CH-1 well flowing at a conservative 40 mmscfd, would only need one other well to reach the gross project levels of 140 MMcf/d.

then any money of the $35 million full carry that is not used or needed after project levels of 140 MMcf/d is reached will have to be paid to Aminex from APT share of production.

"As previously announced, the Farm-Out includes a full carry for a minimum work programme including the drilling and testing of the Chikumbi-1 well, the acquisition of 3D seismic over a minimum of 200 km2 within the Ntorya area, and further production wells and infrastructure as required to propel the project to its estimated P50 production level of approximately 140 MMcf/d (gross project levels), as shown in an io Ntorya commercialisation study."

"APT, as the new operator of the Ruvuma PSA, intends to call an Operating Committee Meeting (OCM) shortly, where it is expected that they will formally present their programme and schedule for the drilling of the Chikumbi-1 well and the 3D seismic acquisition programme."

my take on that statement, is, APT would not have told Aminex, they intends to call an Operating Committee Meeting (OCM) shortly, ("to formally present their programme") if they didn't already have confirmation of drilling rig availability, fingers crossed its of a timing of our liking : )

"APT, as the new operator of the Ruvuma PSA, intends to call an Operating Committee Meeting (OCM) shortly, where it is expected that they will formally present their programme and schedule for the drilling of the Chikumbi-1 well and the 3D seismic acquisition programme."

agree Crusty, though i thought we might had moved on a wee bit more, but like you say all eyes on CH-1 spud timescale : )

my guess, touch 2p and end of day 1.8-1.9 we want to see the drilling and seismic plans before it heads to 3p+. bu8t could be very wrong : )

"the Loan and associated interest that was put in place by the Company in favour of ARA will now be released and discharged. "

"APT, as the new operator of the Ruvuma PSA, intends to call an Operating Committee Meeting (OCM) shortly, where it is expected that they will formally present their programme and schedule for the drilling of the Chikumbi-1 well and the 3D seismic acquisition programme. "

and i guess ARA/APT are at liberty now (if they haven't already) to be signing off the contract agreements, ie; seismic and CH-1 drilling ?

sorry done it again, meant definitely of course.

" the Company anticipates completion of the Farm-Out within the next few days. "

"anticipates" regard as probable, not defiantly.

depends whether you have a mindset of a trader and trade as a trader or an investor that's prepared to hold for a future gain fj.

talking of wine, just racking off my 2 demijohns of blackberry wine, to clear and then to bottle. yummy : )