Member Info for blackgold00

needs to be said again. thanks Sambo

Sambo12, "Just goes to show. And if this didn't already need pointing out. TRUST NO ONE on these boards. Use any information and opinion with extreme caution and always do your own research to make an informed personal decision. Far too many disingenuous snakes around for my liking."

well lets hope that Malcy and Jay together, can present the farm-out in a more positive light. : )

you don't need to be an "ignoramus with an axe to grind" to conclude that you are " trying to manipulate the price to create a lower re-entry point." turkey's wouldn't vote for Christmas, would they. : 0

blackgold00 LSE 15 Jul '18
"Crusty you said you had sold 90% of your share holding Agm day. can you confirm that please."

stinkypeet - 11 Jul 2018
Couldn't get them all away but 90%...

stinkypeet - 11 Jul 2018
Oh and for what it is worth I'm out. Disapointing profit but 1.25p+ aint bad....

Crusty Pete LSE 16 Jul '18
"So, the answer is NO I have not sold 90% of my holding; I simply said that to see who and how long it would be before some ignoramus with an axe to grind accused me of trying to manipulate the price to create a lower re-entry point. Only joking ;0)

well Crusty, going by your negative posts, I know what I think

"Well firstly that assumes a $40 million p/a income which may well only be $15 million and it is likely to be approaching two years away"

yes, we have our optimistic heads on, come on Crusty you know no one will be happy with $15 or 50 mmcf/d not the Zubs or TPDC or us, they are all thinking big.

has anyone seen it, got it, can share some of it. there must be some figures it that. thanks

..so being optimistic as usual what sp would be put on achieving that $35million cash gas profit/annum on a free carry?"

so $35 mil divided by shares in issue approx. $ 0.01 earnings per share, at the current share price that would produce a rather big yield ? : )

yes cperkin, that will certainly do for starters : )

yes cperkin, i don't doubt the madimba plant can be expanded and will be when needed, but at present it has 3 processing trains in place that can produce 70 mmcf/d each, giving a total 210 mmcf/d capacity. so when JB says (2 spare expansion slots) i take it to mean spaces for 2 extra processing trains, and of course the plant belongs to the TPDC .

Madimba Gas Processing Facility

Https://www.wentworthresources.com/pdf/investors/150226%20-%20MDA%20-%20Q4%202014%20-%20FINAL.pdf

"The government’s Madimba GPF is being constructed within the Mnazi Bay Concession and is located 11km from Wentworth’s existing gas infrastructure, across the Mnazi Bay. At peak capacity, the TPDC owned facility is planned to have a total capacity of 210mmscf/day consisting of three 70mmscf/day trains. Engineering and construction oversight is being provided by Worley Parsons with construction of the facility undertaken by Chinese Petroleum Engineering. The Madimba GPF is approximately 94% complete and commissioning of the facility is expected to commence in April 2015. Foundation work for all equipment of the gas plant, mechanical installation of the de-hydration units, condensate storage and construction of treated waste water discharge pipeline are nearing completion."

Crust, "Why ask me BG? I am only basing my comments on the presentations that Aminex themselves have created in the last 6 months, which unless I am very much mistaken, clearly indicate that the IO EPS solution was for a two stage plan involving two pipelines; one of 8" (for NT1, 2 &3"

yes, but that is before the farm-out announcement to an operator with deep pockets that ca afford to develop Ntorya in the most efficient cost effective way.

Leaflessclover, "Madimba has 2 spare expansion slots"

can you expand on that please Leaflessclover

Crusty, "based on results of CH-1 and 3D seismic construct pipeline to allow for maximum gas delivery"

i don't know how you interpret (to allow for maximum gas delivery) but for me, its not so much what NT-1 and 2 plus CH-1 or indeed 4 and 5 can produce, but the fact that the Madimba gas processing plant has a capacity of 210mmcf/d with M&P/Wentworth using at present about 87mmcf/d which leaves a spare capacity of 120 mmscf/d aprox. So it makes perfect sense to me that after and based on results of CH-1 and 3D seismic they will construct a pipeline large enough to fill that spare capacity of the Madimba processing plant, 120mmcf/d at lest. why build 2 x 30 Kilometre pipelines when 1 will do?

Crusty, listen in at 10:20, pipeline will be able to produce much more than the EPS,

"had they wanted the other 25% it would have cost them another $20 million"

you cant suggest that Crusty, because it wasn't up for sale. not up for negotiations.

Crusty, its ARA who has now taken on all the risk of CH-1 and all the development of of Ntorya. so what are you saying

"Not a one way ramp to the skies"

thats a bit ironic : )

again Chrusty,

slide 4
"Based on results of CH-1 and 3D seismic, construct pipeline to allow for maximum gas delivery"

"JB did suggest at the Turner Pope event that early drilling of wells may occur between C1 drill and EPS"

well he certainly didn't say that in the LSE interview, did he.

"2) Use all $35 million of the carry to get to 140 MMscf/d in January 2020 and earn $35 million p/a"

Chrusty, Hypothetical indeed, as you are disregarding the demand for gas and whether they need an extra 140 MMscf/d by January 2020. they are drilling CH-1 to be part of the EPS, which if a boomer of a well and along with NT-1 and 2 might produce far in excess of 40 mmcf/d maybe 60 70 or 80 mmcf/d.

Crusty, have you looked at slide 4, and do you agree with what i say. that the pipe-line will be big enough to take the development to full production. ?