Member Info for blackgold00

No, you'd put me to shame RoJo, I've only got a beat up old honda crv, it goes though. Now rabbit pie sounds interesting 🙂

No, you'd put me to shame RoJo, I've only got a beat up old honda crv, it goes though. Now rabbit pie sounds interesting though 🙂

Thanks for the positive post bullfrog, it'll be like music to RoJo ears

That was a better response RoJo

RoJo "Watch the SP - that's what matters - and it's going nowhere."

There you go again, spewing out that same old negative mantra, wiithout any facts or evidence as to why it's going nowhere. RoJo you don't want debate, your kind never do, you in the most simplist of manner just what to sow the seeds of doubt, especially for the uninitiated.

"with the continual disappointments of the last 15 years."

RoJo, what planet have you been on, did you not see ARA mind bogling 3D seismic results, 3.45 tcf of gas, and that was just for the NT 1 and NT 2 accumulation

Sorry RoJo, i didn't really say what SP I expect in say 6 months, well I'm going to stick my neck out and say, that I am expecting news of pipeline, NT-2 CH-1 rig contract in the coming months weeks or days, and consequently the share price to move promptly north of 2p 🙂

"6 months time BG ?"

"Between 1.1 and 1.3p."

Ah thanks, interesting RoJo, well I would say then that you are expecting the status quo, ie no new news re start of pipeline, CH1 drill contract etc. I would say then, that if we don't have any news re the above then the share price could drift down to maybe 1.00, but here's the thing, if we do get the news on the start of pipeline and CH-1 drill contract/stat date, then I think you won't be seeing 1.30 top's for dust. 🙂

"I recall on one occasion I was surprised that you were adding at c.1.2 (?) and the SP rose to c.2p (?) and you were right and I wasn't BUT note the SP has since returned to sub 1.2p."

Well clever clogs, instead of telling us all what has been, why don't you tell us where the shshare price will be in say the next 6 months. 🙂

I wonder if Tanzania have been waiting for the funds, maybe to help fund the Ntorya pipeline??

https://dailynews.co.tz/wb-afdb-pledges-100tri-to-fund-mission-300/

"DAR ES SALAAM: THE African Development Bank Group (AfDB) and the World Bank (WB) have pledged a combined total of 40 billion US dollars (about 100tri/-), to fund Mission 300, an ambitious initiative aimed at providing 300 million Africans with access to electricity by 2030."

"AfDB President, Dr Akin wumi Adesina announced the financial commitments during his opening remarks at the African Heads of State Summit in Dar es Salaam yesterday."

Yes, a great write up re Ntorya value, somebody had done their homework.

"the development of these offshore assets comes with significantly higher costs; likely ranging from 10 to 20 times that of Ntorya. This is because, offshore projects require sophisticated subsea infrastructure and liquefied natural gas (LNG) facilities, greatly escalating their capital expenditure."

Https://arapetroleum.co.tz/road-to-first-gas/

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(Road to First Gas)

"Why TanzaniaGeologyNtoryaFirst Gas"

"While the Tanzanian government works on constructing a pipeline to connect the Ntorya Gas Field to the existing Madimba Gas Processing Facility, APT is preparing for production."

"In the initial phases of production, the Ntorya-2 well will be connected to the pipeline through a mobile well test facility and be put into an extended well test for perhaps a period of a year. The gas produced during this period will be fed into the pipeline and transmitted to the Madimba Gas Plant."

"The Chikumbi-1 well will be drilled in the coming year to appraise the southern end of the gas field. Multiple gas bearing horizons are targeted with this well with an objective to put the well into Extended Well Test through the same facility used for NT-2."

"Following the drilling of the CH-1 well, the rig will move to the Ntorya-1 well to reinstall a new completion suitable for gas production. With this workover activity, NT-1 will be connected to the same facility and very rapidly, production will ramp up to 60 MMScf/d with three wells feeding into the pipeline."

"Though surely puts the mockers on production in April eh?"

Crusty, they do not need CH-1 to start production, the NT-2 well, will provide the initial production for the first year.

Ro Jo showing your ignorance again, we're talking about the Tanzanian NNGI.

"the National Natural Gas Infrastructure (NNGI) and construction of natural gas distribution infrastructures. The NNGI was commissioned in 2015."

"The NNGI facilities consist of two natural gas processing plants located at Madimba and Songo Songo in Mtwara and Lindi regions and natural gas pipelines from Madimba, Mtwara and Songo Songo, Lindi to Dar es Salaam"

LoneExplorer "No commercial oil here - yet..."

Agreed, but now they have loads and loads of gas, and now also with a gas infrastructure much better improved than it was when Ntorya was first discovered.

"The Jurassic will go a lot further up dip as it's so deep at the point of Ntorya."

Yes, I don't disagree StockChecker, I think what I'm saying is, in the medium term ARA is sitting just fine, with the Tanzanian Government and to be able to supply any uptick in ( gas demands ) in the medium term.

But in saying that, who knows what the TPDC or ARA longer term plans/ambition is for Tanzanian Gas/Oil prospects are. 🙂

"All they've got is a black and decker with a whisk, and a couple of buckets."

RoJo, could you ever become more boring

(Other Ruvuma PSA Prospects)

"Updip to the west of Ntorya, a further channel fill complex (the 'Namisange Lead') has been identified from seismic, for which an undiscovered mean GIIP of 2.62 TCF unrisked has been assessed."

Ah the Namisange Lead, yes sounded alot at the time, but now since the 3D seismic update, the Ntorya development area now have at least 16 TCFs of prospects and leads, of appraisal and exploration. Yes the Ntorya licence has so much to offer, can't wait to start exploring deeper down into the Jurassic. 😀

As far as I understand it Songas own the SS gas wells, which could be interesting if TPDC want to take control of them, I think that Orca along with TPDC have ownership of one well the SS 10 or 11, well. and that well feeds into TPDC new processing plant ??