Member Info for blackgold00

from vid
KN-1, ( they're unloading water as much as they can). so what does that imply?

they need to plug the upper perforations first to stop water ingress, then unload water from well and then perforate the lower zone.

or can they perforate lower zone first before plugging the upper zone and unloading water from well, and then let the assumed virgin pressure force water from the well.

I think, Aminex were hoping, believing, the KN-1 remediation work would be successful and quicker, but when apparent that was not to be the case, then a small fund raise became necessary.

it looks like the meeting with ARA Ndovu and officials from the Tanzanian Government, was more to do with the development licence/programme, so it would seem that the farm-out is a done ?

"the executive management teams of ARA Petroleum Tanzania Limited and Ndovu Resources Limited have met with officials from the Tanzanian Government who reiterated their support for an accelerated development programme to fast track gas production. "

from Orca's Operating and Financial Highlights, the (additional gas ) is the gas that Orca has the right to sell in the market via the old SS gas plant. I believe the price that Aminex and Wentworths get for gas sold to TPDC is US$3.07 per mcf); like I said before we do not know what price was agreed by Orca and TPDC to supply gas in that short term agreement, but I think we can understand why its a short term agreement.

Daily average gas delivered and sold (MMcfd)

Additional Gas 43.6

Industrial 10.8

Power 32.8

Average price ($/mcf)

Industrial 9.23

Power 3.78

Weighted average 5.12

Operating netback ($/mcf) (1) 2.38

dunder, I think you're losing it mate

http://corporate-digest.com/index.php/the-panafrican-energy-tanzania-refutes-claims-by-tpdc

http://www.oilreviewafrica.com/gas/gas/panafrican-energy-dispute-could-disrupt-tanzania-gas-supply

PanAfrican Energy dispute could disrupt Tanzania gas supply

they have a really tricky PSA and I think the TPDC/Gov has always regretted it.

"the committee chaired by Dunstan Kitandula revieled that a gas firm had occasioned the Government a loss of sh 291 billion"

hmm, now I wonder what gas firm that might be, they have been on to them for years.

What is the latest on a licence extension on Mtwara?

"The Company has been assured by relevant government authorities that the extension is forthcoming and will update the markets once formalised."

I guess they'll want the BOD and new Chairman in place before the news starts to flow. and gas, lol : )

no, canyon took Aminex over, from the inside. : )

sorry got that wrong

John Bell
Non-executive Director
John Bell is a Chartered Engineer with over 30 years experience in the energy sector having worked at Vice President or Managing Director level at BP, Statoil AS and Suncor Energy (Syria).

I suppose it was to be expected

Ola Fjeld, He is currently the Chief Operating Officer of ARA Petroleum LLC responsible for two subsidiary E&P companies operating in Oman. He holds a Master’s degree from NTNU, Nor

Jay Bhattacherjee, CEO of Aminex said:
"I would like to thank Keith for his dedication and contribution to the Board over the last nine years. With the Company moving towards a fully-funded operational phase, as the completion of the Ruvuma farm-out progresses, I look forward to working with John and the Board to drive value for shareholders."

about 1:20 in

https://www.youtube.com/watch?v=QQhhGwR4TZo

yes, only perforate the top part of the lower zone, as the water will rise a gas is drawn off so the water will rise, as we've experienced in the top zone. I think

ah, got you seismic, yes a lot of guess work with 2d

yes I think they did think it was one zone without the impermeable layer, what do you mean Drewky "The data from 2d is not as reliable as from 3d so may be a factor" ?

or they would had perforated below the impermeable layer in the first instance