Member Info for blackgold00

I don't get how you're categorising us rojo

Yes very unpleasant

Well Crusty, considering helium is usually extracted from natural gas plays/reservoirs, and given ARA and AEX just happen to have vast quantities of the stuff also in Tanzania, so maybe just maybe Ntorya gas contains an extractable commercial % of helium within it's compensation. So who knows maybe the subject is very interesting to us.

The rns gives no information other than the naturally seeping 4.7% helium, from a fractured basement, no pressure reading no flow rates, and no statements that the well has commercial prospects.

the Emperors New Clothes syndrome ??

Crusty, this is not a conventional, naturally trapped (pressurised hydrocarbon reservoir )the well drilled into.

"As regards flow rates BG? I think they will announce this once they have completed the independent assessment,"

I think not Crusty, because none were recorded.

And still no mention of flow rates and downhole pressures??

That should keep the board going for a day or two 🙂

Absolute textbook by He1, placing this morning at 1.5p

·  also from the RNS, the well is now being (cased and suspended) which means there will be no more DST until or if and when, the casing is perforated over those zones of interest.

"The well is now being cased and suspended and the Company will fully evaluate the well results and focus on advancing this project in the most effective way possible"

"And when they do I will buy more BG..."

Crusty, as i understand it, if there was any flow rates or pressure data worth mentioning from the (drill stem test) then they would have in that RNS, the fact they didn't says there was nothing significant to mention. And when they talk of commercialisation they talk of the project in general and not that well in particular. So I wouldn't hold your breath that they will issue commercial flow rates for that well in the future. IMHO.

No mention of pressure data or flow rates was given in that rns. ??

Yes, thats good Crusty, but flashing caution is the word I'd use now, funds need to de raised.

What do you make of He1 at the moment, reminds me of the( Emperors New Clothes ) syndrome. The thing is we are inclined to believe what we want to believe.

You make it sound so easy rojo

Right RoJo lol, but speculating is what i Injoy and thought, what investing was all about.

Well Crusty, if ARA have agreed and signed the GSA with TPDC, to deliver 40 mmcfgd in the first year, then I would imagine ARA will make sure Ntorya is in a developed stage to deliver such quantities.

Plus, just the NT-1 well would not on its own be able to meet the contracted gas delivery on it own, notwithstanding the fact that NT-1 was to be we-entered after the drilling of CH-1 .

" The Daily Contract Quantity ("DCQ") for the first Contract Year is 40 MMscfd"

" The "Gathering Station" is there to collect gas in the absence of the pipeline as I understand it; "

No the Gathering Station is there to collect gas from the well heads for the pipeline to the processing plant.

Well that's what they said in the gsa rns 🙂

"Aminex now anticipates early issue of the Development Licence which will allow the award of a rig contract and enable the drilling of Chikumbi-1 "

And the fact ARA are now employing a Site Project Engineer would indicate a certainty that the Development Licence is near.

"ARA Petroleum Tanzania is looking for a Sr. Project Engineer with 10 years of experience in Project Management and past exposure to Natural Gas Production/Processing plants. The work will be related to On-Site and Off-Site projects for the Gathering Station that will be designed, engineered and constructed in Ntorya Gas Field."