Member Info for blackgold00

yes Northern, that's how i'm seeing it, so hopefully news before end of Month

where she stops no one knows

not to mention the elephant we've been sitting on all these years : )

big game ? yes gaslady you could defiantly say the CH-1 Jurassic target is a bit of a Wildcat

i think that it won't be too long after the PSA licence, though maybe after the results of the CH-1 well ?

yes thanks Robbie, much appreciated

thanks for the feed back MAX

RoJo, first whiff of that licence and we're at 2p : )

just can't get enough : )

and a bit more : )

yes
hooray

sorry from the EGM circular
http://admin.aminex-plc.com/uploadfiles/181207_%20EGM%20Circular%20(web%20version).pdf

also, I believe at least 25m was perforated at NT-2 prior to the well test, and reading the RPS Energy report on the results, makes you wonder, just what the flow rate would had been if it wasn't damaged by mudding up due to the high pressures.

" In addition, a PLT was run for the Ntorya-2 well which revealed 78% of the flow was coming from two metres on the upper part of the perforations (2,593 to 2,595 m MD) (Figure 5-9). The Operator attributes this to the ineffectiveness of the clean-up of the well, which prevented the whole interval from producing. The Operator expects a higher deliverability during development. However, RPS is only considering the deliverability demonstrated in the existing tests for this Report"

" The resource assessment for the Ntorya discovery have been split into two cases (Case A and Case B) based on the current development plans. There is a firm plan to develop the field with the two existing wells plus a third new well called Chikumbi-1. The primary target of Chikumbi-1 is a deeper Jurassic prospect but the well will appraise the Ntorya gas discovery and will be used as a producer.
Depending on the performance of this initial development a second project consisting of up to eight additional wells may be considered.
Case A relates to volumes that it is considered could be accessed and recovered using the initial three well development scenario. Case B relates to volumes that it is considered could be accessed and recovered by an extended development of up to a total of 11 wells"

5.7.2 Case B
" RPS is proposing an ‘Intermediate Development Scheme’, Case B, whereby further wells could be drilled to take up much of the remainder of the Madimba plant capacity. It is recognised that the field has further upside potential which would necessitate a future processing plant upgrade (Madimba) or a dedicated processing plant located within the field. Export options would require further examination but there is a possibility of a tie-in to the main 36” trunkline to Dar es Salaam."

thanks, interesting 15,000 boe increase in 3 years of organic growth from existing portfolio and acquisition.

thanks cperkins, not much longer me thinks, I see the Aminex licence/Farm out completion and Brexit now, as neck and neck to complete by end of current extension. lol, or should I say lof, loads of frustration : )

I wonder when Solo will be asked for there share of the funding for the ongoing planning phase of CH-1 ? was there any mention of an imminent cash call in yesterdays conference call.

this from RNS 12 December 2018
Solo Oil plc (Disposal of interest in PEDL331 Licence)
"this disposal provides a point of monetisation whilst also reducing the burden of future project related cash calls during the ongoing planning phase. The transaction further strengthens our balance sheet ensuring we are well funded for commitments on the core projects within our portfolio."

yes, and maybe some of that back-payment that's might be due

half year results
"Recent changes have provided us with some encouragement that progress can at last be made with respect to resolving the outstanding receivables of US$7.61 million for previous gas sales from KNDL and related interest."

is interested in part or all of Solo's share of Ntorya ?

https://onedyas.com/assets/

"ONE-Dyas is now focusing on strategic and exponential growth through the acquisition of operational development and production assets in the North Sea, both within and outside of our existing portfolio. We are also looking to take advantage of attractive investment opportunities to expand our West African operated asset base. In balancing assets within competitive, low-risk markets and emerging, higher-risk regions, ONE-Dyas is building a diversified multi-asset portfolio spanning diverse geographical regions, with enormous upside and production potential."

yes same here, licence and spud date in the next 2-3 weeks, i think its now become a priority for TPDC/Tanzania to prove up Ntorya and Ruvu

i get the feeling that the reason why (Tanzania temporarily suspends Host Government Agreements HGA negotiations for the proposed Lindi LNG project.) is that, they wish to see the Ntorya 1.6 tcfg and the Ruvu possible 2 tcf proved up by drilling the next well on each asap, as having that extra gas available to them for the short term growth, would take away the immediate urgency and strengthen their hand when they resume the negotiations for proposed Lindi LNG project with the majors. ?