Member Info for blackgold00

It's called impatience

Yes I've thought the same, though I guess it depends on the 3D results and whether it correspond, to the 2D interpretation ? Yes it's all very interesting.

Yes News anytime now I guess, and whether the location of CH-1 is A or B or whether the 3D has revealed something else time will tell. But as CH-1 is an exploration well testing the Jurassic as much as it is an appraisal well appraising Ntorya's Cretaceous sands, I feel it will definitely be newsworthy and warrant an RNS. Exciting times : )

it is thought, they would need Ntorya gas to generate the electric to heat the pipeline.

https://oilprice.com/Energy/Energy-General/The-Story-Behind-The-Worlds-Longest-Electrically-Heated-Oil-Pipeline.html

If ARA was going to supply the gas to heat the pipeline and it's now going to be stalled for a year, then I don't think that in itself will slow Ntorya's development. Alot more development going on besides, I think.

and looking at the 5 year historical chart, we really have some way to go

https://www.lse.co.uk/ShareChart.asp?sharechart=AEX&share=Aminex&chart=historical

ah, very good, news next week anyone, if not its getting very close for news. : )

"European Parliaments motion to ban Ugandan/Tanzanian pipeline.
France24 news," channel 512.

well, they would, wouldn't they. well, here's a little bit of balance on the debate.

https://eagle.co.ug/2022/09/15/tayebwa-condemns-eu-parliaments-motion-on-uganda-and-tanzania-to-stop-the-east-african-crude-oil-pipeline.html

yes, absolutely, legalised theft.

i don't know what the PI's are planning at SCIR, i cant see how they can reverse the deal made with ARA, not at this stage, as if they tried they could then find themselfs in default of (issued cash-calls) and be forced to relinquish their 25% of Ntorya ?

i think it was the late reported 918,824 @ 1.089p at 12:53:21, which at that time would had ben a buy. maybe no expert : )

yes, but it's not just been abour Aminex but Tanzania as well. that is providing the world doesn't end first. : )

Oh yes,

Charlie Santos, Executive Chairman of Aminex, commented:

"We are delighted that there is so much interest in Ruvuma, which we consider a world-class asset. Moreover, the growing interest in Ruvuma signals the importance of the development of this major asset to Tanzania."

i'v never been able to figure it,lol, i guess the bid has been raised to atract sellers, so maybe an order needs filling ?

sorry fogot the link

https://www.marketscreener.com/quote/stock/AMINEX-PLC-4002512/news/Aminex-plc-completed-the-acquisition-of-Canyon-Oil-and-Gas-Ltd-from-Jay-Bhattacherjee-Philip-Thomp-38808363/

HomepageEquitiesUnited KingdomLondon Stock ExchangeAminex PLCNewsSummary AEX IE0003073255
United Kingdom AMINEX PLC (AEX) Add to my list
Delayed London Stock Exchange - 07:26 2022-09-13 am EDT
1.040 GBX +4.00%

08/09 AMINEX PLC ('Aminex' or 'the Company') Kiliwani Operations Update
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08/09 Scirocco Energy plc - Tanzania Operations Update
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05/27 Aminex PLC - Result of Annual General Meeting
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Aminex plc completed the acquisition of Canyon Oil and Gas Ltd. from Jay Bhattacherjee, Philip Thompson and other shareholders.
02/23/2014

"Aminex plc (LSE:AEX) entered into a conditional summary agreement to acquire Canyon Oil and Gas Ltd. from Jay Bhattacherjee, Philip Thompson and other shareholders for $3 million in stock on August 29, 2013"

not the brightest of moves, but desperate times calls for desperate moves, and we were very desperate, all water under the bridge now. As for canyon oil & gas assets i haven't a clue

plus, we were waiting on news from the original announcement from the 1st Aug, and now ARA have their binding agreement with SCIR announced 1st Sept, I don't think we're too far away now, from things relating to seismic/CH-1 being made public. For me it demonstrated ARA confidence in Ntorya especially the timing i.e. after seeing the first batch of field seismic.

· "APT has recently received the first batch of field seismic data and expects to have processed and interpreted sufficient data to confirm the final drilling location of the Chikumbi-1 ("CH-1") well before the end of August. "

yes, I've been thinking about this, but Charles Santos does say, (progress on seismic acquisition and processing)

"We are delighted that operational activities continue to progress on seismic acquisition and processing and look forward to providing further updates in due course."

2025, not long, and with Ntory planed startup end of 2024, i think i can guess who's supplying the gas to make the electric to heat the waxy oil so it can flow in the pipeline. plus oil flowing one way, and they plan another pipeline alongside to take gas the other way from Tanzania to Uganda. and beyond ?

"Uganda said it expects all potential lenders for the country’s planned $4 billion crude export pipeline to make their commitments by the end of November, smoothing the way to a targeted production start-up in early 2025."

https://www.bloomberg.com/news/articles/2022-09-12/uganda-sees-all-loan-pledges-for-oil-pipeline-by-end-of-november?srnd=premium-uk

thank you bullfrog