Member Info for blackgold00

Yes all good stuff Prospero26, mind bogling figures, and with the confirmation and size of the Ntorya Gas, all the time the Tanzanian industrial base is growing at rate, cement, fertiliser etc, and the domestic clean cooking project to use gas, is supported internationally and in full drive, plus ģas export to neighbouring countries are being planned.

Yes when the Ntorya gas starts production it will be into a ready waiting and growing market.

No RoJo, not on that occasion, yes you're right you know me, I do get it spectacularly wrong sometimes. 🙂😀

Yes, the CH-1 well is going to be a very big exciting event 🙂

Thanks Prospero26, couple of points though, the CH-1 well is targeting shallower targets (sand unit 3) but still in the Cratasous, plus the removable gas could be alot higher 70% ?

From 3D seismic RNS Feb 2024

"Furthermore, the new 3D seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. This provides for potential additional prospective gas volumes associated with the Cretaceous age sand units tested in NT-1 and NT-2 (Units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (Unit 3), to be tested by the forthcoming Chikumbi-1 (CH-1) appraisal well later in the year. An upside aggregated GIIP volume for the Ntorya accumulation based on a success case in multiple stacked sands at CH-1, is estimated by APT to be up to 7.95 Tcf (approximated to a mean unrisked P10 GIIP)."

The thing is RoJo you only come out on rainy days, when clouds of doubt are in the air, praying on the uninitiated with your daily dose of negative verbal poo poo.

RoJo, I sense a feeling of desperation in your posts, is it maybe, you know like us that the pipeline news can drop anytime now. : )

yes excellent post prospero26, agree the upcoming ch-1 well if successful could unlock further 4.5 tcfg that is ontop of the present 3.45 tcfg already proved up by wells nt-1 and nt-2, the high confidence zone, zone 1 and 2.

yes the ch-1 drill is going to be a very big much watched event.

29 feb 2024 07:00

rns number : 8616e

aminex plc

29 february 2024

29 february 2024

aminex plc

("aminex" or "the company")

ruvuma seismic update

· 3d seismic improves ntorya gas field volumetrics and reveals enormous wider potential

· operator's geomodelling significantly increases ntorya giip to 3.45 tcf

· 3d seismic reveals considerable upside for mtwara licence with total unrisked giip of 16.38 tcf

aminex, the oil and gas exploration and development company focused on tanzania, is pleased to announce that the interpretation of the recently acquired 338 km2 3d seismic dataset over the ruvuma psa has improved the in-place volumetrics for the ntorya gas discovery and revealed a significantly higher resource potential in the wider licence area than previously identified on the existing sp**** 2d database.

the interpretation of the 3d seismic has been completed by the ruvuma psa operator, ara petroleum tanzania (apt). seismic inversion geomodelling, undertaken in collaboration with ikon geoscience, has defined a high confidence area with a revised in-place volumetric estimate for the ntorya gas discovery. a most-likely (approximating to p50) estimate of 3.45 trillion cubic feet (tcf) of gas initially in place (giip) is now believed to be potentially connected to the reservoir sandstones encountered in the ntorya-1 (nt-1) and ntorya-2 (nt-2) discovery wells. this revised ntorya volume represents a substantial increase to the published p50 giip of 1.64 tcf estimated by rps energy (rps) in their february 2018 competent person's report (cpr).

furthermore, the new 3d seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. this provides for potential additional prospective gas volumes associated with the cretaceous age sand units tested in nt-1 and nt-2 (units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (unit 3), to be tested by the forthcoming chikumbi-1 (ch-1) appraisal well later in the year. an upside aggregated giip volume for the ntorya accumulation based on a success case in multiple stacked sands at ch-1, is estimated by apt to be up to 7.95 tcf "

Yes excellent post Prospero26, I like it, the path is lighting up and soon will glow so bright that poor RoJo will need sunglasses 😎

Good post Prospero26

RoJo "Prospero26 - do you know Sharehead by any chance ?"

"You both have a similar posting style. Do you work for the same outfit by any chance ?"

Interesting you would think that RoJo, and what outfit do you work for I wonder ?

"I absolutely do.... and consequently, now that the timescales for M&P's drill programme are known I think we swill see a commitment to using that rig and the consequent timescales fairly soon;"

Yes I'm inclined to agree, but would add, that

If M&P are sharing the rig with ARA, or I should say (ARA has negotiated a beneficial share-deal with M&P using an ARA rig), then, I don't think ARA would had signed the deal off unless, or until, the pipeline contract was already awarded ( in the bag) because it would have meant them committing to a financial timescale and (triggering the CH-1 drill ) before that is, the TPDC had finalised contracts for the pipeline, as they've always maintained, that once the pipeline contract is awarded, the CH-1 drill will be confirmed  ??

All the best to you to Northern 🙂

You can always tell when things are looking good for Aminex, no friends RoJo starts getting rude and cynical, so for all those spread betting junkies out there, I would put my bets on the share price rising. Lol 🙂

Alert Alert, a rojo alert, thats 3 posts in a row, no better positive sign for an imminent rise in AEX share price. Roll on next week 🙂

Yes either way, CH-1 is going to be a much watched event 🙂

From the RNS 3d seismic update start of last year

"The interpretation of the 3D seismic has been completed by the Ruvuma PSA operator, ARA Petroleum Tanzania (APT). Seismic inversion geomodelling, undertaken in collaboration with Ikon Geoscience, has defined a high confidence area with a revised in-place volumetric estimate for the Ntorya gas discovery. A most-likely (approximating to P50) estimate of 3.45 trillion cubic feet (Tcf) of Gas Initially In Place (GIIP) is now believed to be potentially connected to the reservoir sandstones encountered in the Ntorya-1 (NT-1) and Ntorya-2 (NT-2) discovery wells. This revised Ntorya volume represents a substantial increase to the published P50 GIIP of 1.64 Tcf estimated by RPS Energy (RPS) in their February 2018 Competent Person's Report (CPR)."

"Furthermore, the new 3D seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. This provides for potential additional prospective gas volumes associated with the Cretaceous age sand units tested in NT-1 and NT-2 (Units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (Unit 3), to be tested by the forthcoming Chikumbi-1 (CH-1) appraisal well later in the year. An upside aggregated GIIP volume for the Ntorya accumulation based on a success case in multiple stacked sands at CH-1, is estimated by APT to be up to 7.95 Tcf (approximated to a mean unrisked P10 GIIP)."

So if CH-1 is successful total GIIP will then total 8 TCFG, quite mind bogling 🙂

"Move up from there then depends on what CH-1 hits in Gas pay in the Ntorya trap and what it discovers (Gas / Oil) in the huge Unit 3 trap."

Yes interesting StockChecker, according to the 3d results the CH-1 well is targeting 4 Tcfg approx, it's going to be an extremely exciting drill. 🙂

ATB to you as well Northern. 🙂

"OK, if you're right, I'll buy you a rabbit pie :-)"

I like rabbit pie 🥧 I'll say pipeline news within two weeks, and if I'm right I get a big portion 😝