Member Info for blackgold00

so maybe self-funding from there-on?

"I think the solo BOD will hold out till post C-1 drill"

also cperkin, if the TPDC decide to fund the main pipe-line, (assuming CH-1 success) then Solo could find themselves at early production, without the need for much more fund raising.

it looks like whoever bought those share, got them at mates rates

yes agree cperkin, Solo are looking an interesting play

I'm not ruling it out, but if the Zubair's were to offer Solo the same deal as Aminex, then we got to be looking at a value of some where about one third of Amenex, give or take the bits and pieces ?

at the end of day

08:54:07 1.7300 529,864

precisely Crusty

Dunder, we are not waiting on development licence but the Mtwara PSA extension.

just re-read I guess it does refer to the Mtwara psa licence as it say's extension.

"TPDC as a licence holder has logged license extension to the government within the contract agreement framework.

Mtwara extension approval? Drewky, is that what the TPDC were referring to in that note, and not the development licence?

"extension approval?" yes I think

I'm still at work and will be home at 18.00, for the next instalment, keep it up Drewky : )

plus I expect, the Tanzanian government/TPDC will be happy with it, being fully funded to FFD.

the main pipeline we are talking about Crusty

I think the latest revelation from Wentworth might has a bearing on decisions made re; "what happened to Compression (we were told their were two compressors in the country)? What about the TPDC lowering the inlet pressures to the GPP as was the BoD's story last December?" though must admit I'm not the expert .

cperkin,"Ref KN-1 interesting that Wentworth are also taking about reducing inlet pressure from current 95barg to 60barg apparently the pressures are massively over spec for the current demand and are based on full capacity of the pipeline, currently running at 10%"

Crusty I don't see the TPDC deliberately holding back on perforating the lower section. as I see it the approval from the TPDC will only come after the "operational parameters at the reservoir and gas processing facility" has been evaluated.

"The Company initially plans to repair a faulty valve during the current quarter, which is expected to allow for gas to flow from the well and evaluate operational parameters at the reservoir and gas processing facility. Pending approvals, the Company will then proceed to perforate a lower untested and potentially gas bearing section of the reservoir system which is anticipated to occur during the fourth quarter with the intent to bring the well back to full time production"

yes dunder, "is ( expected ??? ) to be completed by 30 November 2018"

bonfire night, guy fawkes ?

"Yes BG I can - AEX do not need TPDC approval to mend a valve "

Crusty, the "gas processing facility" belongs to the TPDC, it is not operational at the moment as there is no gas to supply it. "mend the valve"? you or I, do not know where that valve is, but we do know that the "gas processing facility" belongs to the TPDC and it would absolutely bizarre to think that Aminex could wonder out to Songo Songo island and open up that valve and stat to supply gas into the TPDC "gas processing facility" to evaluate operational parameters at the gas processing facility without TPDC consent. plus thinking about it where can the gas go whilst running these tests, but into the main pipe-line, all without the TPDC consent? I don't think so.