Member Info for blackgold00

i don't think you will be able to get these under 1p soon ?

plus the clock is ticking for WEN to secure new future reserves, that is, the opportunity that Wentworths cashflow currently provides, will start to reduce as Mnazi Bay reserves/pressures start to decline. So it is now that WEN needs to invest and secure new reserves.

" I believe that as soon as they know for sure that we have the gas, they will press ahead with the Mtwara and the Somanga Fungu gas fired power stations."

yes i think you're right there, plus with Mnazi Bay now indicating, that the ("1P volumes are enough for 7 years production at the current flow rate") there is little or no room for production to be extended without further exploration/discovery. So yes all eyes on Ntorya. : )

i think maybe I'm just describing the difference in thinking/attitude between the trader and the investor.

nice post Tanzy, for me I've just kept faith in the geology and have been encouraged as drills and events unfolded. Tanzania i think you like me this whole episode has not just been about making money. have a good night

yes Jettydog, i'm in agreement with that, and i think the market is waking up to that view as well, though i have to say re; "the longer-term view", i think i already qualify for that accolade. lol

"even with wens discovery."

what discovery is that ?

or should i say Zak Mir was

https://twitter.com/ZaksTradersCafe/status/1486670142109102082

he was just talking about short term current trend ie; about a month.

"So the 1P volumes are enough for 7 years production at the current flow rate"

that's why WEN share's lack upward momentum

who said an estimate of 1.3p ?

yes , i'll go with that

over what time frame?

but now they have 10 x plus more gas ?

still more negotiations to be done, but we have been told "The Chikumbi-1 exploration and appraisal well is now expected to commence drilling early in the third quarter of 2022. Assuming a successful outcome from the drilling of the Chikumbi-1 well, first gas from the project is anticipated to occur by the end of 2024".

https://www.lse.co.uk/rns/AEX/extension-of-ruvuma-licence-ka1n7cuav93u4j5.html

Conclusion of negotiations of the Gas Terms for the Ruvuma PSA.

very good

yes RoJo, ten years ago Aminex made the Ntorya discovery, could any one imagin how big that discovery would end up being, yes we have good reason to be positive.
28 June 2012
"Testing of the Ntorya-1 well has now been completed. The upper 3.5 metres of the gross 25 metre sand interval was perforated and the well was flow tested on several choke sizes for extended periods over the last four days with corresponding shut-ins for pressure build-up data."

22 October 2021
"The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field. As previously announced, through a re-interpretation of the existing 2D seismic dataset, APT's revised mapping and internal management estimates suggest a mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (8,236 Bcf unrisked), in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf (5,419 Bcf unrisked). "

Ufufuo, excellent post, yes, you're quite right, on-shore Ntorya gas has the commercial edge over the off-shore fields, and the "The Omanis are astute business people. I’m sure they wouldn’t be spending time and money if they weren’t confident that the supply/demand equation stacks up". thanks

but of course, we're still talking quite a few years away.

Well yes there is that possibility, but my main concerns are once the large off-shore fields are developed and brought ashore fore LNG, the Tanzy Gov might negotiate a large % as natual gas, giving them an abundance for tanz demistic/industrial use and possibly undermining the value/importance of Ntorya gas ? but what will be will be : )