Member Info for blackgold00

"(dependant on commercial viability) "

Crusty, the big question is, is there or should i say does the BOD think there is (enough extractable gas) in the lower zone, if they do, then it will be commercial viable to perforate lower down and flow gas into the existing pipe-line and processing plant with no further costs.

this from the Kiliwani North gas discovery RNS

"("Aminex") announces a successful result from the drilling ofKiliwani North -1 ("KN-1"), offshore Tanzania in the Nyuni/East Songo-Songolicence area. KN-1 has intersected a substantial gas column in Lower Cretaceous sandstones,the same reservoir that produces gas commercially in the neighbouringSongo-Songo gas field. Electric logging has been completed and formationpressures taken which confirm the presence of gas over a gross interval ofapproximately sixty metres."
https://www.lse.co.uk/rns/AEX/tanzania-gas-discovery-rlqqta6534ksdxk.html

(ROI being prime amongst them)

i'm sure they can work that one out, they are talking of perforating a lower zone, no need for an expensive drilling rig, they are not drilling a new well or side-tracking the original one. just lowering a cable from a rig and perforating a lower zone, so minimal costs.
slide 22
http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

"SCIR is still telling shareholders that they are looking to sell their 25%"

that's a different issue, for a start it doesn't offer operatorship.

"but that does not mean that finding a JV partner is a given"

well of course not Crusty, but the Nyuni license does hold very good prospects having had the 2D seismic, which has been worked up and now has a 3D work program being proposed, along with the (Kiliwani North Development Licence) which has KS prospects.
But also, the a big attraction of these licenses by any new would be operator, is the newly built, TPDC owned 140mmscfd (Song Songo Gas processing plant) that at present, is desperately underutilised. so i,m sure any well funded new operator would not only get the needed support by the Tanzanian Gov but would be encouraged.

Yes agree Kread, I feel quite relaxed now, to sit back and let it happen, though I have been down the garden propping up the fence ready for storm Eunice. I remember my boy scouts days. Lol ??

05 December 2016

Operational Update

https://www.lse.co.uk/rns/AEX/operational-update-14yiiqerb9bqu0v.html

"Additionally, the Company has now completed all necessary civil works for the subsequent Ntorya-3 wellsite. Ntorya-3, which will be located approximately 5 kilometers from the Ntorya-1 discovery well, is expected to be drilled following Ntorya-2 but the programme may vary depending on the results at Ntorya-2. Ntorya-3 was identified based on 2D seismic acquired in 2014 and is further up-dip from Ntorya-1 and Ntorya-2. The well is expected to test the thickest part of the Cretaceous channel complex."

" I remember Ntorya-3 (now Chikumbi-1) was supposed to be drilled right after Ntorya-2. :D"

no it wasn't quite like that Phoe, i believe, all depended on the out-come of the NT-2 well. ?

23 September 2016
(Rig Contract Signed for Ntorya-2)
"Aminex is pleased to announce that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away. The contract is for one firm well with an option for a second well."

"I agree with moving to KNS though."

i wouldn't write off KN-1 just yet, or at lest the BOD has not indicated to us that they have. and if perforating the lower zone can be achieved at a reasonable cost then maybe they will, plus, and not forgetting that all the pipe-work connecting the well to the processing plant is already in place, so no further cost there. so i would imagine the risk/reward would be quite high in favor to perforate. but at the same time, i think maybe, the prospect of KN-1 might form part of any new joint venture package, involving both the Nyuni/ Kiliwani North Development Licence ("KNDL") where the 3D work program has been submitted to the Tanzanian Gov.
H/Y results
"As a result of reservoir pressure decline and compartmentalisation, the Kiliwani North-1 well has not produced during the period. The well has produced approximately 6.5 BCF of gas to date, from a compartment estimated to contain approximately 10 BCF. Estimated gas resources have been independently audited by RPS, who show the Kiliwani North structure to contain approximately 31 BCF (gross mean GIIP)."

"Aminex undertook preliminary remedial work to repair the downhole safety valve in late 2018 which resulted in the flow of a small volume of gas, to the gas facility, before the well quickly ceased flow, likely due to fluid build-up in the wellbore. "

"Aminex has prepared a perforation strategy for a lower zone within the reservoir and an alternative remedial work programme intended to establish fluid levels in the wellbore, reservoir pressure and to unload potential fluid using foam treatment."

"The Company is working with the TPDC on agreed methods to handle wellbore fluids which will potentially be unloaded during operations on the well. Agreement and planning will be required prior to undertaking operations, including resolution on the outstanding receivables of US$8.34 million for previous gas sales from KNDL and related late payment interest"

alph, yes they might have identified potential prospects, but that is a long way off from them firming up and bringing forward an exploration target to be drilled, and like i say its not in WEN's hands but the operator M&P, and i have not seen any indication from them that they are planning further exploration drilling on their Mnazi Bay license. as i understand it.

yes possibly SQ, i think that was always the case, they defiantly need the 3d info as stated many times, "The new seismic will also deliver information that will be helpful in the final planning of the Chikumbi-1 well", so as soon as they have interpreted the information as it relates to the present CH-1 well, then it can/will proceed.

a good basic overview of (How do seismic surveys work?)
https://www.oilandgaslawyerblog.com/how-do-seismic-surveys-work/

RoJo, i think you are reading too many of that strange Range posts on the other side, he does spout's total nonsense, you don't want it rubbing of on you.

As i read it the gas field has 5-6 years of strong production with little upside to increase production, plus Mnazi Bay concession has little prospects for new gas discovery, their last (exploration well) outside the Mnazi Bay gas field, was a failure and (pugged and abandoned) and they have not since, (2012), firmed up or brought forward any further prospects/targets for exploration drilling. So i'm thinking if WEN want to insure growth for the long term, they need to invest outside the Mnazi Bay concession? The other thing is Maurel & Prom is the operator and as far as i know has no further exploration commitment wells to drill, so will probably produce gas from the Mnazi Bay field, as efficiently and economical as possible.
https://www.ogj.com/exploration-development/discoveries/article/17275030/pliocene-gas-gauged-at-mnazi-bay-tanzania

Crusty "Morning CP. As regards Kiliwani and Nyuni, as I was suggesting a week or so ago, the commercial case for remediating KN1 is not a strong one (according to JB) "

yes Crusty, you have stated this before and on both occasions without giving the estimated costs to perforate the lower zone along with the potential flow rates, if successful or indeed the chance of success. For my two penny worth, if it can be done for say half a million, and plus given the fact that the well is already tied into the processing plant so no further costs involved, then maybe, the risk reward could favor Aminex doing the perforation work as the operator. ??

But is the 3D going on, now the rainy season is here?

highlandmatt "Another way to look at it is the 'in the ground value'. ARA Reckon close to 4TCF, so what's 1TCF worth? Anyone?"

hi highlandmatt, yes, maybe converting it's ( BOE) is another way to look at it, to understand the value.

https://www.quora.com/Whats-the-BOE-equivalent-of-1-trillion-cubic-feet-TCF-of-natural-gas

"If you are asking for energy equivalency, a commonly used factor in the oil industry is 1 barrel of oil = 6,000 cubic feet of natural gas. Therefore, 1 TCF of natural gas would equal 170 million barrels of oil, approximately."

"Full field development is supposed to be 140mcfd"

that is a preliminary figure, not so much to represent Ntorya's Full field development potential, but more the capacity of the Madimba Gas Processing Plant present 210 mmcfd out-put capacity, of which M&P/WEN supply 80 mmcfd.

and that is: “On the basis of what we KNOW at this time (ie fact not speculation and as at now)"

well that's a very difficult thing to gauge, when things like the 3D seismic are now moving fast which should/could de-risk Ntorya and add considerable value to the asset, and then to be drilled and proved up by the CH-1 well. No, I don't think anyone is going to be taking out Aminex, unless that is the Zubair's want it gone ?

yes, and if the 3D seismic confirms APT re-interpretation of existing 2D "risked recoverable gas resource of 1,990 Bcf (gross basis, mean case)" then i think things should really start to bubble leading up to the CH-1 spud.

·" The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field. Additionally, the survey will provide greater clarity of the potential upside of the discovery as identified by the operator APT, through a re-interpretation of the existing 2D seismic dataset. APT's revised mapping and internal management estimates suggest a risked prospective gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (gross basis, mean case), in multiple lobes to be tested, and a prospective, risked recoverable gas resource of 1,990 Bcf (gross basis, mean case);"

Cove was bought out for the large Tanz off-shore licenses, which was very sort after at the time, LNG i guess

do i sense a little tick up coming