Member Info for blackgold00

ok, but what do you suggest MAX ?

might be wrong, but i get the impression from that latest vid, that they want to get right out, free up the cash?

yes, might be wrong, but get the feeling, that the 1.8m sale, (if indeed it was a sale), had been worked on over a fair period of time, maybe yesterday and today?

13:46 - 1.8m sale @ .6501, hmm

yes, whether for domestics, industrial or export to neighboring countries, Ntorya gas has become extremely valuable.

Yes some buying in anticipation of seismic news soon, ie end of this month, whether it materialises time will tell, though I've always had the feeling, there are many siting on the sidelines, waiting and watching closely. So I can't see SP falling back as we move closer to the end of the month and the anticipated news, whatever that might be.

yes Crusty agree, but hopefully, that will balance out soon enough : )

the thing is Crusty, there are those among us who's glass is always half full and those who's glass is half empty, and no doubt they're both right half the time. : )

"management estimates suggest a mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf, in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf, which will be appraised by the planned seismic and drilling programm"
so once proved up by seismic and CH-1 and put into production and assuming the same GSA terms as WEN, then Aminex could have 1P reserves of 500 Bcf, or 5 x the amount of WEN, (their 2P estimates notwithstanding ) so 5x their NPV10 of $116.6 million ? = ($583) hmm, i would say there is defiantly some upside to Aminex's valuation, compared to the current market cap of £22m : )

Ah yes, just realized Wen reserves estimates are 2P not 1P

"2P reserves are the total of proven and probable reserves. Proved reserves are likely to be recovered, whereas probable reserves are less likely to be recovered than proved reserves. The sum of proved and probable reserves is represented by 2P."

What is the difference between 1P and 2P reserves?

"1P reserves" = proven reserves (both proved developed reserves + proved undeveloped reserves). "
2P reserves" = 1P (proven reserves) + probable reserves, hence "proved AND probable."

Alcapone1, yes, and so is Aminex.

Just been looking at WEN s results and saw this
·" Wentworth's share of Gross 2P Reserves as at 31 December 2020 estimated by RPS to be 90.8 Bcf with a post-tax NPV10 of $116.6 million"
and wondered if/when they do get CH-1 drilled and assuming it proves up ("a mean risked recoverable gas resource of 1,990 Bcf ") and put into production, what then would Aminex's Gross 2P Reserves be estimated at and what would the NPV10 be calculated at ?

18 August

"APT awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract. It is still expected that acquisition will commence in the third quarter of 2021"

Charlie Santos, Executive Chairman of Aminex commented:

"We are delighted to receive the extension to the licence and appreciate the Ministry of Energy's steadfast support. We are also thankful for APT's diligent efforts to secure the extension and look forward to updating shareholders on further progress in due course."

i can't believe that the Tanzanian Gov are that disjointed, that on one hand they can grant a two year license extension with obligations to carry out 3D seismic, but on the other not the "seismic acquisition contract" needed to carry out said 3D seismic. It's coming, just a matter of a little bit of Tanzy Time : )

oh the 70s, my teens, such fond memories : )

hip hip hip hooray

matherdj, Wentworth are not the operator of the Mnazi Bay license, they wouldn't be doing the negotiating, that would be down to M&P

way.

yes encouraging on that front, but no news on their growth strategy, will we eventually see a deal emerge with Wentworth and or SCIR/AEX ?

(Identifying new opportunities)
"We are always open to new opportunities to expand our regional growth. We look to identify attractive opportunities beyond our core producing asset to fuel our continued expansion."
"Through strong financial discipline, we have cash-in-hand available to extend our operational footprint should the right opportunity come our"

https://www.wentplc.com/who-we-are/our-growth-strategy/#strategy-3

not much longer now for the seismic to commence

18 August 2021
"As announced by the Company on 30 June 2021, tendering for the acquisition of 3D seismic has been completed and APT awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract. It is still expected that acquisition will commence in the third quarter of 2021. "

i think you missed this bit, "for industrial, public and private institutions as well as for car use in the regions"

"Minister for Energy Dr Medard Kalemani has said the funds would also be used to connect and supply the natural gas for industrial, public and private institutions as well as for car use in the regions."