Member Info for blackgold00

amid all the doubts and fears, there could be a small fortune te be made here

https://www.bloomberg.com/news/articles/2021-08-06/the-era-of-cheap-natural-gas-ends-as-prices-surge-by-1-000?srnd=premium-europe

Aimster, " What’s the point of having TCFs of gas without any near term customers."

well yes , also what's the point of ARA/Zubiar's spending/releasing the (3D funds $20m) if (viable) commercial terms can not be negotiated, so yes, i'm sure negotiations are ongoing, like, will they be able to sell gas privately or will it all be sold (as with the KN GSA) at well-head to the TPDC directly into the national gas infrastructure ? so i guess negotiations will include, who will control the gas at well, ie; who will pay for the 20 km pipe-line from Ntorya to the processing plant ?

and i thought Ntorya's onshore 3D was going to be the first ?

plus they have re-interpreted existing 2D, which could be leading them to pre-empt the 3D

"In addition, APT has performed a re-interpretation of the existing 2D seismic dataset and considers the Ntorya gas reservoir to be the product of a stacked, high-energy, channelised sand system."

yes i thought the same, "fine tuning" , but the wording has changed from "The new seismic will also deliver information that will be helpful in the final planning of the Chikumbi-1 well" to "The 3D seismic will be essential in optimally locating the Chikumbi-1 well to derive the most value in determining both reserve and development potential." ?

i'm thinking, that they might be concidering (if 3D confirms) relocating the CH-1 site all together, which would take a good 3 months plus, so they need to be starting by end of 3Q ?

"The 3D seismic will be essential in optimally locating the Chikumbi-1 well to derive the most value in determining both reserve and development potential."

regarding The work programme and budget to the end of 2021, if i were ARA/APT i would want the "negotiations of the commercial terms for the development licence, " all agreed before paying out $20M for the 3D etc

"The work programme and budget to the end of 2021 anticipates a gross JV expenditure of approximately US$23 million, with Aminex carried entirely for its 25% interest. We expect to see the acquisition of the 3D seismic, prespud activities for the Chikumbi-1 well, negotiations of the commercial terms for the development licence, and the application for a further 1-year licence extension. We are pleased to report that both ARA Petroleum LLC ("ARA") and APT are aligned with the joint venture parties in recognizing the value of our interest in Ruvuma and are focused on seeing this project through to production."

"1.0 What is the status of the licence extension and when do the company expect delivery?"

i guess once approvals are granted for the seismic, so also will the license extension ?

Ruvuma Operations Update
"The tendering for the acquisition of 454 km2 3D seismic has been completed and the Operator awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract."

7 July rns
"If Shareholders have any questions for the Board in advance of the Annual General Meeting, these can be sent by email to info@aminex-plc.com. All correspondence should include sufficient information to identify a shareholder on the Company's Register of Members, for example, a shareholder reference number, which is an 11-digit unique identifier printed on the enclosed Form of Proxy. The Board will endeavour to answer key themes of these questions at the AGM."

yes good luck Seawolf. Myself holding on and expecting the next bit news will be coming from Tanz Gov, re; approval for the seismic acquisition contract) hopefully within a month, and then maybe a month to mobiles the team and equipment to the Ntorya area ? and then news/RNS some time after to say the 3D seismic has started. This, by then i'm hoping, will inject some confidence and enthusiasm into the project and of course the share price.

"The tendering for the acquisition of 454 km2 3D seismic has been completed and the Operator awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract."

no, i was just thinking, the area of 3D that they need, to (optimally locate the Chikumbi-1 well.) ? I am realy beginning to think that we will end up with a totally new CH-1 site. ??

"The 3D seismic will be essential in optimally locating the Chikumbi-1 well to derive the most value in determining both reserve and development potential."

i realy don't know but i'd imagin, given the large area to be survayed, that the 3D seismic would be broken down into many smaller areas and then brought together at the end, so maybe the CH-1 drill area will be the first to be survayed, so APT will be able to get an early look at, before the rest of the 3D is compleat ??

September my guess

."The tendering for the acquisition of 454 km(2) 3D seismic has been completed and the Operator awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract. It is expected that acquisition will now commence later in the third quarter of 2021. "

yes Crusty, we're not to far apart there. have a good day : )

not always right matherdj, but its dam good fun trying : )

(to 'interpret'.) that is all part of the game, and the art of speculation, to know or understand something before it is made obvious to the masses.

yes agree Crusty, and i do try to look at things objectively.

to know better than what?

its not so much the words matherdj, but its how we wish to interpret them, and that depends on our beliefs systems, our knowledge our trust or faith, its how we interpret the world around us. i mean, if you have no trust in the management then you might see BS where others don't.

Yes agree life to short, my way of thinking is, gas demand is growing, export gas pipeline are pland, supply pressure is building, political realities will be realised. = agreements will be made, assured as an apple will fall to the ground. One more glass of port me thinks.??