Member Info for blackgold00

yes "In early 2006 Ndovu farmed out 50% of the PSA to Hardman Resources Ltd"

tullow was all about oil, and by the time they drilled NT-1 they had convenced themselves Ruvuma was not an (oil play) so yes, they were out.

i think NT-1 was the luckiest well ever, when TLW pulled out after not hiting the prognosed target, and AEX/SOLO decided to drill on, of corse they had little choice, (**** or bust) and they hit the very edge of the Ntorya, with just a 3 metre pay zone. the rest is history.

From sometime back i know

https://www.lse.co.uk/rns/AEX/operational-update-ut4lneha9eef4pa.html
"Chikumbi-1, which will be drilled to a total true vertical depth of 3,485m, will fulfil one of two remaining exploration commitment wells and, upon success, is intended to be completed as a producing well in a future development programme."

"The well will have two primary targets: to further delineate the Ntorya Gas Field (which is projected to encounter stratigraphically trapped Albian aged reservoirs, approximately 120 meters up-dip from Ntorya-2 and approximately 195 meters up-dip from the Ntorya-1 discovery well) and to test a deeper, stratigraphically trapped Late Jurassic Exploration target."

"RPS Energy Consultants Ltd. ("RPS") has independently assigned the Albian aged Ntorya Gas Field a mean un-risked GIIP (Gas Initially in Place) of 1.87 TCF, with total combined gross 2C Resources of 763 BCF, and has additionally assigned 936 BCF of 2U Resources (previously equivalent to "Best Estimate" Prospective Resource) to the Jurassic aged Chikumbi prospect."

and i would hasten to add, that the secondrey (exploration) jurassic target, is of near importents, in influencing or changing the CH-1 well location, as the target in the cretaceous ?

most definitely gaslady

"between 18 & 19 sq km"

yes that's some area, about 11.5 miles sq

what line could that be that the satellite immerging is able to pick up, i wonder. It would have to be quite large, i would have thought ?? interesting

I've got my doubts about them, I don't know if I have just missed it but I have not seen any test results flow rate etc from the discovery wells ?

It reminds me a bit of HE1 and the drilling rig they had to drill the those two Wells.

Sharehead, yes I'm with you there, oil/gas company's have been right out of favour for some time, but now its looking like that sentiment has changed and changing fast.

I don't know if it's just me, but I've got my doubts about the Dodsal operation,s in Tanzania.

Yes, like you say they are not restricted by public scrutiny. and i'm not sure how far forward they are in proving up the gas in the Ruvu block. ?

https://www.dodsal.com/mining/projects.shtml
RUVU

Location: Tanzania
Dodsal Group, through its subsidiary Dodsal Hydrocarbons and Power (Tanzania) Pvt. Ltd. acquired the whole hydrocarbon concession OF THE RUVU ONSHORE BLOCK in 2007 by signing a Production Sharing Agreement (“PSA”) with the Ministry of Energy and Minerals (“MEM”) and Tanzania Petroleum Development Corporation (“TPDC”) for the exploration and production of hydrocarbons.

Dodsal invested significant time and capital for unlocking the hydrocarbon potential of the Asset through implementation of systematic Oil/Gas industry exploration work flows in Ruvu Block.

Dodsal completed technical evaluation of 3,546 LKM Legacy seismic data & 2 Nos. Legacy Wells.

Dodsal further acquired, processed, and interpreted 1,421 LKM of new 2D seismic data, carried out satellite imagery studies and collected 900 geochemical soil samples to establish presence of working petroleum system in the block.

Dodsal drilled 3 Nos. Exploration Wells (Year 2015) and well samples were analyzed by leading international Labs / Agencies (Viz. Core Labs, RPS Energy, CGG, Lomond Associates etc.) to establish presence of working petroleum system in the block.

Reports of above studies confirmed presence of significant hydrocarbon resources, with estimates varying between 5.5 to 7.5 TCF (Trillion Cubic Feet), which makes Ruvu block a single mega on-shore block in Tanzania.

Quality of Gas is mainly Methane, with little impurities i.e. no treatment facilities are required.

yes possibly, it's just that i don't think Orca over the years, has had the best of relationship with the Tanzanian government, and whether they would get their support ?

maybe Orca's recent update can be read in conjunction with the article, the SS Gas Field defiantly has its issues, its been in production now for nearly 20 years so will be experiencing natural reservoir pressure declines and it has recently been found to be compartmentalized. plus it should be noted that the SS gas plant and infrastructure, is owned or controlled by Songas LTD not the Government, which has always been a bit of a bind for them, which might had been one of the reasons the Gov built their new 100% owned Gas Plant with its own infrastructure just a few miles away.

https://orcaenergygroup.com/wp-content/uploads/2021/12/Orca-Operational-Update-December-V9-clean-Final_11282240_2.pdf

"Inlet Compression Project: Initiated in 2019, the $41.5 million inlet compression project is nearing completion, with a
potential startup ahead of the contractual April 2022 target, following tie in to the and commissioning planned
for early 2022. The inlet compression will allow production volumes to be sustained through the Songas Limited (“Songas”)
infrastructure at approximately 102 million standard cubic feet per day (“MMcfd”) in the near term (3-5 years)."

"Subject to demand volumes, natural reservoir pressure declines and the associated well performance, the $63 million
invested in workovers and inlet compression facilities at the Songas infrastructure when combined with gas supplied to the
National Natural Gas Infrastructure (“NNGI”) will provide the opportunity to initially increase total production capacity from
the SS gas field in early 2022."

" The existing seismic data base is a coarse grid of 2D seismic lines of various vintages ranging from 1978 to 2009 which are insufficient to image and resolve the emerging compartmentalization and complexity of the SS gas field identified through annual pressure surveys and pressure transient analysis. The 3D seismic program is required to de-risk both the future development drilling in the SS gas field and potential exploration drilling of prospective resources prior to the SS license expiring in October 2026."

"Based on historical pressure declines, current reservoir simulation modeling and internal gas demand forecasts, additional drilling will be required to ensure adequate supplies of natural gas in the near term (3-5 years) and beyond 2026. Subject to regulatory approvals and contractor availability, the Company is targeting a mid-year commencement of the 3D seismic program to align with seasonal meteorological conditions."

and if the 3D seismic can define a clear target in the Jurassic, then i'm sure it will add to the excitement of the CH-1 drill.

yes sorry it was 1.3p
https://www.lse.co.uk/rns/AEX/placing-and-open-offer-j8wbyfixtphj57t.html
· Proposed equity funding to raise up to approximately Stg£19.5m (US$25.4m) by the issue of up to approximately 1,499m New Ordinary Shares at Stg1.3p per New Ordinary Share (the "Issue Price")

· Approximately 983.1m New Ordinary Shares to be issued through a cornerstone placing to raise gross proceeds of approximately Stg£12.8m and approximately 318.9m New Ordinary Shares to be issued through an institutional placing by Shore Capital (bookrunner) and Davy to raise gross proceeds of approximately Stg£4.1m

· Intention to conduct a non-underwritten Open Offer to raise proceeds of up to approximately Stg£2.6m (US$3.4m) through the issue of up to approximately 197.6 m New Ordinary Shares

· The Cornerstone investor, Eclipse Investments LLC, wholly-owned by members of the Al Zubair family, who in turn own 100% of The Zubair Corporation LLC

1.4 Zubair paid for their 30% holding in Aminex, i believe

1.10p

1.04 p paid