Member Info for blackgold00

possibly Crusty, but they have got the support of the TPDC who are in need of gas to feed their new 140mmcfd SS processing plant, plus ARA are there in the wings, who, no doubt are watching waiting to see how circumstance unfold ?

yes, and some more waiting : (

yes i don't totally disagree with that Crusty, but also to point out, that Aminex applying for the Nyuni extension is a big commitment for them, as they own i believe 93% of the license, which also raises another question, how do they hope to get the approval from (PURA" and the Minister of Energy) if the do not have the wherewithal to carry out the work-program?

H/Y
"The proposed amended work programme and associated commitment is being supported by the TPDC and awaits the approval of both the Petroleum Upstream Regulatory Authority ("PURA") and the Minister of Energy"

no Crusty, i'm saying they wouldn't had applied July 2019 for the extension if they didn't have a plan in-place ie; a marriage/partner that would fund the expected work program. i expect Aminex has been in talks with a potential partner long before AR mentioned "marriage" back in March ?

"In July 2019, Aminex submitted an application to the TPDC to enter the Second Extension Period of three years together with a request for an amendment to the work programme obligation for the licence area. If successful, it is expected that the number of blocks retained under the licence will reduce to five, from the current ten blocks under licence. The proposed amended work programme and associated commitment is being supported by the TPDC and awaits the approval of both the Petroleum Upstream Regulatory Authority ("PURA") and the Minister of Energy."

well i'm thinking, Aminex wouldn't be applying for the (Nyuni extension along with the work-program which becomes a commitment) if there wasn't already negotiation going on with a potential partner.

yeah, about £10m, and i'll think about buying some more, "loads of money" to be made here dunder

right out of whack

RoJo "whenever are you going to accept that you've bought a pup BG ?"

i think RoJo, you better have a word with Charles Santos, obviously he's been sold the pup as well.

no RoJo, not yet, they're near Otterton apparently, lovely river though, well it was before the Beavers. lol

well, with Aminex not having a pot to pi** in, how are they planning to fund the Nyuni license 3d work program when it is extended, considering they own 100% and a lot of planed 3D.

half year
· Submission with the Tanzania Petroleum Development Corporation ("TPDC") for the Nyuni Area PSA to be granted a Second Extension Period with amended work commitments

"The proposed acreage to be retained generally lies in the shallow water areas adjacent to the Kiliwani North Development Licence which will require the acquisition of 3D seismic to move shallow water targets to drill ready status. The Company remains optimistic that the proposed extension and work programme will be accepted and approved in the near future."

slide 21
http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

sorry Crusty, just read your last paragraph, $1.0 - $1.2m yes agree, and on the scale of things, if they're confident the gas is there, (which should be known by the logs) then to bring KN-1 back into production, i would say those cost were minimal.

" What is "minimal" BG? Come on - enlighten us with your knowledge."

just a layman, and i don't think Aminex has specifically stated the cost of perforating the lower zone, but what i mean by minimal, is there is no need to contract out an expensive drilling rig.

"I agree BG it could of course all fall into place with one wave of RA's magic wand"

again Crusty, you seem not to recognize the significance or indeed the fact, that they seeking to perforate the (lower zone) and the minimal cost in doing so.

"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. "

slide 22
http://admin.aminex-plc.com/uploadfiles/Corporate%20Presentation%20Oct%202018.pdf

so what work commitments does Aminex have? anyone

Crusty, "and that does NOT mean throwing a few £10k at the Foam "gamble", which is about as much as it is, with only a 10 -20% chance of success....."

Crusty, he said in the H/Y Audio, they are planing to perforate the lower, now if successful, it will make all the difference. i said that the other day, had you forgotten?

what work commitments ??

after smudgert, all though they are confident with CH-1, it does need to be proven, before funds could be committed to that pipe-line

yep agree cperkin, will they, if permitted by TPDC) perforate the lower zone at KN-1, ASAP, or do they intend to to do the 3D first ? that is a year or two in the future. I think we'll find out, if and when the Nyuni license (with its work program) is extended, hopefully not to long to wait.

TIPTOP, yes lovely chap, so witty, but i know him best as Bunbooster over the other side.

Crusty, "So just one or two comments on Kiliwani, Northern - firstly as we all know AEX have no cash, so anything other than the strategy to use foam to remove the water and deal with water ingress is far too expensive"

well yes Crusty, but i would add that perforating of the lower zone, would not be that costly and could ultimately restore the gas flow, and in fact Robert Ambrose spoke about perforating of lower zone in the half year Audio. no doubt needs TPDC consent.

"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"