Member Info for blackgold00

Crusty, do you really think that the market is any bit concerned with the ( environment impact study ) for the Ntorya spur pipeline ? Stroof they do one with any project they do, it a legal requirement, to establish environmental risk. Blimey they just built the 500 km main gas pipeline from Madimba to Dar es Salaam, and there's no way that got held up.

No it's only political formalities really, and Don't forget Ntorya has become politically a very hot potato, especially regarding the upcoming election next year. No Crusty I shouldn't worry, anyway the TPDC has it inked in for 12 July to contract the pipeline building out.

"you just know our time is close :-)"

Yes, and the doomy gloomy desperado's days are now numbered, 😀

"Some posters here definitely missing a few bricks off their pallet"

Just a few ? Lol 😂

Sorry Northern, but I do find you comments futile and rather predictable.

He's incapable of reasoning 🙂

MCCO "But why is there such a delay in handing over the licence when it was approved some time ago by the Government? I’m sorry, but I am a bit nervous"

scaredy-cat 🙂

They are not wrong, but they are valuing it as things stand today, there's still officially no development licence inplace so they can't value things as if it was. Though we know things are going to change soon enough.

Crusty, there is the sandstone encountered by NT-1 and nt-2 and they now define it as the high confidence zone, of which they attribute 3.45 TCF of giip, but then they go on to say, "Furthermore, the new 3D seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling."

"The interpretation of the 3D seismic has been completed by the Ruvuma PSA operator, ARA Petroleum Tanzania (APT). Seismic inversion geomodelling, undertaken in collaboration with Ikon Geoscience, has defined a high confidence area with a revised in-place volumetric estimate for the Ntorya gas discovery. A most-likely (approximating to P50) estimate of 3.45 trillion cubic feet (Tcf) of Gas Initially In Place (GIIP) is now believed to be potentially connected to the reservoir sandstones encountered in the Ntorya-1 (NT-1) and Ntorya-2 (NT-2) discovery wells. This revised Ntorya volume represents a substantial increase to the published P50 GIIP of 1.64 Tcf estimated by RPS Energy (RPS) in their February 2018 Competent Person's Report (CPR)."

"Furthermore, the new 3D seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. This provides for potential additional prospective gas volumes associated with the Cretaceous age sand units tested in NT-1 and NT-2 (Units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (Unit 3), to be tested by the forthcoming Chikumbi-1 (CH-1) appraisal well later in the year. An upside aggregated GIIP volume for the Ntorya accumulation based on a success case in multiple stacked sands at CH-1, is estimated by APT to be up to 7.95 Tcf (approximated to a mean unrisked P10 GIIP)."

15 % back-in rights, is originally as it was and is excellent new that 5he TPDC couldn't negotiate it higher.

RoJo, alias mr " Gordon is a moron " la la la la la la. Sorry its my warped sense of humour. lol

I wish we could edit a post if/when we make a mistake, also, is there anyway I can stop all the effing adverts that hinder and stop me using the site easily. It drives me round the bend lol 😀🤣

"Profit gas is split between the license holders and TPDC on a 30/70% basis, meaning that when all costs have been recovered, the licenseholders will only get 30% of total gas revenue. "

Highyield, I don't know where you get this info from, but I'm 100% sure ARA would not agree to a Development Licence if it was beneficial and profitable to both ARA and indeed AEX as having a 30% interest. Yes all looking extremely positive

TPDC has a 15% back-in rights, high

And with the Tanzanian election next year, they will certainly milk the progress of the Ntorya development for all its worth. 🙂😃

And this paragraph is telling you why the CH-1 well is going to be one of the most exciting well drilled in a long long time. Its targeting an additional 4.5 TCF of gas, that's on top of the 3.45 TCF. That's nearly 8 TCF that's just for the Ntorya accumulation. It's mind bogling. 😀

"furthermore, the new 3d seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. this provides for potential additional prospective gas volumes associated with the cretaceous age sand units tested in nt-1 and nt-2 (units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (unit 3), to be tested by the forthcoming chikumbi-1 (ch-1) appraisal well later in the year. an upside aggregated giip volume for the ntorya accumulation based on a success case in multiple stacked sands at ch-1, is estimated by apt to be up to 7.95 tcf (approximated to a mean unrisked p10 giip)."

Yes, CH-1 could prove up an additional 4.5 tcf of gas, taking the total to nearly 8 tcf, but you still need those appraisal wells to confirm the numbers and add confidence for further governmental industrial projects, gas export etc. So yes I'd imagine they will want to crack on with those appraisal/development wells, to aid future government development planing. All exciting stuff

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. 🙂

As usual, RoJo has nothing to say just his p1ss taking sarcasm, what a saddo RoJo 🙂

"Is it at well-head or processing plant ?"

RoJo, for one so old you don't half show your ignorance 🙂

"His MUM?! She must surely be in the Guinness book of records?! :0)"

No, that's Tanzania's mum. Lol 😂