Member Info for blackgold00

morning Dunder, what no one else would what 2 tcf of gas and counting, with a route to market? mind you, I wouldn't mind betting the Tanzanian Gov wouldn't want to see SHELL or the likes getting control of the asset and getting a leverage over Tanzanian domestic gas supply's, whilst the off-shore LNG development is being negotiated. sorry more tin-foil hat stuff. : )

Shell and Equinor have confirmed their commitment to the $30bn Tanzania LNG project that will allow the African nation to export natural gas.
Both companies have planned to build a natural gas plant since 2014, but the project has been delayed by political uncertainty within Tanzania’s mining industry. The government reformed mining legislation, which came into effect on 3 March, giving them the power to renegotiate contracts, a move that has concerned investors.
However, the energy companies have said they are prepared to continue with the project."

.".but would not a successful EGM vote and Licences granted situation allow a third party approach nonetheless?"

yes gaslady, but we have just voted for the F/O deal which is to hand over 50% of Ntorya

"the parties have mutually agreed to extend the longstop date of the transaction to 31 March 2019 in order to complete the Conditions Precedent."

I wonder would the (development licence) be one of the conditions ?

MY conspiracy theory I know lol, but if the Mtwara PSA licence which would (legally gives Aminex their 75% rights over the Ntorya asset) had been issued 2-3 months ago, then potentially an outside third party could had moved in on Aminex. but as it is Aminex are immune to any approach for without the licence they have no Ntorya asset to be taken : )

from F/O RNS

Sultan Al-Ghaithi, CEO of ARA Petroleum LLC said:
"Today's announcement emphasises our firm belief in the Aminex portfolio and in Tanzania, where the Zubair Corporation group of companies has existing business interests and enjoys strong relationships and an excellent reputation. We look forward to continuing to work with Aminex and the Tanzanian government to help bring forward development of this nationally important asset."

"I think the Mtwara license would be a requirement BG."

yes, and i'm pretty sure that the licence could be produced in a day, when they Tanz Gov/Zubrair want it.

that is once they have us/Aminex in the bag

"Only if the farm out if ratified."

well, once Aminex/s share holders has given their consent to the farm-out at the EGM in Dec, then any agreement/contracts needed for CH-1 will be wholly, and down to the Zubrair's and the Tanzinian Gov. so things could happen quickly after EGM.

FAQ

"As well as the $3MM payable on Completion and the $2MM 180 days thereafter, the Company will be able to back charge operational activity on Ruvuma to 15 March 2018 (effective date of the farmout). "

go to bed Crusty, night night

Crusty "A very wet December to April is exactly the point, exactly what I was trying to demonstrate to BG and the basis of my assertion.

hmmm,ah ok Crusty, and that's why every well we have drilled so far, Likonde, and NT-1/2 have all spud Dec and Jan.

"truth will out"

lets try this one, lol
https://www.tripsavvy.com/tanzania-weather-and-average-temperatures-4071465
"Most of Tanzania experiences two rainy seasons and two dry seasons every year. The long rains usually last from early March to late May, bringing with them heavy afternoon downpours and high humidity. Temperatures at this time of year frequently exceed 86 F (30 C). The short rainy season (November and December) sees lighter, less reliable rains and the start of the hottest time of year, which lasts until the end of February. Temperatures during this period can get as high as 104 F (40 C)."

"January and February constitute the short dry season. The most pleasant time of year, however, is the long dry season which lasts from late June to mid-October. During this time, rainfall is uncommon, while clear skies and plenty of sunshine are to be expected. Temperatures are relatively cool and can be chilly on early morning game drives. Of course, the higher slopes of famous Tanzanian peaks including Mount Kilimanjaro and Mount Meru can experience sub-zero temperatures at any time of year"

Crusty, "So for the umpteenth time, and as I have been saying for weeks, unless we start drilling before Christmas (early Jan at the very latest) there is a fat chance of us Spudding C1 until May..." ????????/

try this Crusty

https://www.wildland.com/destinations/africa/tanzania/seasonsclimate.aspxTanzania Seasons & Climate

We offer safaris year round, and travelers who leave conventional wisdom unheeded by making their trip during the rains of November, April or May will almost certainly be treated to unexpected and exciting wildlife experiences, un-crowded game reserves and probably a good deal of sunshine. It can rain during any month. In recent times, changing global weather patterns make transitions between rainy and dry seasons come and go unpredictably. The following are the typical seasonal highlights:
December– February
This is the hot dry season. Excellent for birds and animal viewing, though long grass may make some smaller species hard to see. Early February is the peak of the calving season for the wildebeest on the Serengeti Plains.
March
Intermittent rains start at this time. Game viewing is excellent over short new grass of the plains. Wildebeest are gathering in large numbers to the South of Serengeti National Park in the Ndutu area. Spring-like conditions are moderated by cool nights.
April - May
This is the heavier rainy season, and road conditions can become difficult. There’s great biological activity in the reserves, beautiful green landscapes and panoramas, and wildebeest densely congregating in the Serengeti.
June - October
This is the cooler dry season. Peak tourist season is July-August. Excellent viewing conditions, though many roads are dusty. Wildebeest are normally encountered in the Western and Northern Serengeti in large numbers in June and then again in mid-late October. This is an excellent time of year for climbing Mt. Kilimanjaro.
November
Here begin the short rains. There’s nice greening of plants, and birds begin arriving from Eurasia. Expect intermittent showers and some flash flooding. Wildebeest are migrating back into the Serengeti at this time.

yes, and regards spud later, my take on it Crusty, is, if we can get the rig on site, erected, and the well spud in the dry season i.e. by Feb/March, then the drilling/testing is not so much an issue in the wet season.

"Are you addressing me slackgold? Do you mean Crusty?"

you know I did Crusty, that was your quote.

Chrusty, "This suggests to me that there is minimal to zero chance of a December/ January Spud"

what about Feb ?

"The Company expects to post the Circular to shareholders by the end of November"

So news in a week or so, and I for one am looking forward to the Circular and the accompanying CPR, there could be some pleasant surprises. I guess i have those rosy glasses on again. : )

"Drewky can u pont me to where it states the licence extension granting is a condition of the deal?"

half year
"The Farm-Out is conditional on governmental and shareholder approval. As it is a related party transaction, Eclipse Investments LLC, an affiliate of Zubair, will be unable to vote its interest in the Company. The transaction is also subject to the grant of an extension to the Mtwara Licence"