Member Info for blackgold00

How have you come to get it so wrong moi ?

I think that Mr mrmoi, has been struck with madness

"Well I hope you all get some pleasure out of it -"

I wouldn't call it pleasure, maybe ( just deserts ) 🙂

Rojo, is getting frustrated lol

Lol, no friends rojo likes to hurt himself, he must have some sort of condition.

I wonder if it's the Ministry of Energy's budget that will provides for the Ntorya pipeline to the processing plant, or whether it comes from the TPDC own budget. ?

Tullow would not have abandoned TZ had they found oil just North of Nt-1.

" TPDC back-in rights, is upto 15% of the Ntorya development .... " blackgold00

"Don't expect any back-in payment from TPDC"

He really has not got a clue how tpdc back-in rights work. What a dip stick. Lol, he reminds me of that very strange character Bunbooster, yes well he disappeared in a puff of smoke hopefully this one will as well.

"which is what they are entitled to under current legislation"

Well, it sounds cut and dry then Crusty, and that TPDC back-in % has been renegotiated. So a simple question to Aminex regarding TPDC ( BACK-IN ) % rights should or can be easily answered. Thanks again

I wonder if our friend Emptyend could shed any light on the subject ?

And yes, it is a big thing, the 15% I can live with but 20% is a lot harder to swallow.

", that has yet to be evidenced BUT BG I am NOT making it up."

Well OK, but they have never made public in any report that the original Ruvuma PSA 15% back-in rights are being negotiated. Tell me Crusty, was the % ( Back-in )info part of their general presentation, or was it stated on a more private one to one basis ? I'm generally inquisitive Crusty and thanks

" That could have the effect of a considerable dilution."

Hi Crusty, As far as we all know, TPDC back-in rights, is upto 15% of the Ntorya development, which would dilute Aminex 25% of Ntorya down to 21.25 %, plus of course Aminex's share of costs to develop Ntorya is also reduced to 21.25%. So I see it as a bit of a plus having the TPDC on board, making it all more certain.

And considering a 15% dilution to Aminex's eventual income from Ntorya, might in time prove to be immaterial when now we see what the 3D seismic has revealed and just how big a resource/development Ntorya could become.

"We need that RNS !"

It's coming RoJo

From Aminex twitter today

"#Tanzania's largest #onshore #gas development has just gotten bigger! The latest 3D #seismic #data for our #Ntorya gas discovery has significantly increased the most likely gas initially in place estimate to 3.45 Tcf, revealing a potential within our licence of 16. 4 Tcf. "@AP

https://www.quora.com/How-much-is-a-1-trillion-cubic-feet-of-natural-gas-worth#:~:text=Multiplying%20the%20volume%20

How much is a 1 trillion cubic feet of natural gas worth?

Answer

Rick O’Malley

42 years of oil & gas operations & management5y

"It depends on a number of factors, including quality, location, contract delivery terms, etc.

In the U.S., the value at the wellhead is about $3.00 per million BTU, which for 1,000 BTU gas is the same as $3.00 per thousand cubic feet.

One trillion cubic feet would therefore be worth $3 billion at the wellhead (i.e., to the producer), which is kind of nonsensical because it will take a while to deliver that quantity.

If you’re contracting for delivery of LNG by tanker, you’re probably going to pay a higher price, probably one based on the energy content on a barrel of oil equivalent basis.

That would be a price closer to $9.00/mcf. The value of a 1 TCF contract delivered over a several year term would be $9 billion to the purchaser.

The cost of processing, transporting, and liquefying the gas is considerable."

Mops, Chilling at the moment with a glass of wine

". How long did we wait to get official notification of the GSA signing?"

The Same day as they signed

Roger, the RPS study is to establish ( reserve estimates ) not resource, so as I see it they need the CH-1 results first to prove up the figures. ?

"The question BG was when is it likely to arrive? What is best estimate"

I think the answer is in that statement from the RNS,

"The study is likely to focus on a much narrower area of the reservoir, surrounding the two existing wells and CH-1 location that will be targeted for initial production, with the aim of defining preliminary 1P and 2P reserve estimates. "

So reading that, it sounds like it will not be completed until after the results of the CH-1 Well are known, so my guess is not until next year??

"RPS has been engaged to undertake a revision of their 2018 CPR to support the initial Field Development Plan. The study is likely to focus on a much narrower area of the reservoir, surrounding the two existing wells and CH-1 location that will be targeted for initial production, with the aim of defining preliminary 1P and 2P reserve estimates. These reserve estimates are expected to increase substantially as phased development and project maturation progresses in light of the results of the newly reported APT interpretation studies"

I thought I just read a post by gas lady, now it's gone