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plus, they have all records from the Likonde well that drilled into the Jurassic in that location, in fact the ch-1 deep target is up-dip from the Likonde Jurassic, and we know what high pressures that was encountered there.

"What are you suggesting?"

i'm suggesting that appraising the Ntorya discovery carries no more risk than NT-2, in fact i would say it carries less risk than NT-2 as obviously they know now what (high pressures) to expect, and regard the deeper Jurassic target, i think you can be sure that ARA will use a drilling rig that has the specifications to cope with what might be found deep down there.

the last link didn't work, slide 13
http://admin.aminex-plc.com/uploadfiles/180717_Ruvuma%20Farmout%20July%202018%20Presentation%20Secured.pdf

Crusty, "CH1 is a deep drill - deeper than the previous NT1 and NT2 drills and that comes with additional risks."

yes Chikumbi-1, will be drilled to a depth of 3,485m, but that will be to test the Jurassic target. the Ntorya target is up-dip from NT-2 and NT-1 so could actually be shallower.
see slide 13
http://admin.aminex-plc.com/uploadfiles/180717_Ruvuma%20Farmout%20July%202018%20Presentation%20Secured.pdf

"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"
https://uk.advfn.com/stock-market/london/aminex-AEX/share-news/Aminex-PLC-Operational-Update/78896590

good for you MAX, and thanks for sharing your thoughts, yes end of March sounds about right, the thing is March is not too far away now. lol

yes TITM, like you say, with the license confirmed, the farm-out confirmed with fully paid development, i reckon the risks lie now, mainly with the CH-1 drill, which given Ntorya pre drill history/knowledge, are about as good as we can get without 3D.

"Your speculation...err...shall I say...tends to be optimistic."

well yes, i suppose, but then i'm here for the same reason as the Zubair's are here, a recognition of the value of the rather large resource that's been discovered and when coupled with both the infrastructure and Tanzania growing demand for gas, how can one not be optimistic. speculation ? well we both know, human nature being as it is, if there is a slice of a tasty cake on offer or for the taking, then there are always those willing or keen to take a slice or two.

"James Lansdell is Senior Legal Counsel at The Zubair Corporation."

its a closed shop, we'll have no one from the out-side in here, you know

yes matherdj, pure speculation

matherdj "The OCM has happened and is confirmed by Camarco. A few details to agree but not known what those are"

i reckon Zubair/ARA/APT/AEX are talking turkey with SCIR, after listening to their presentation, I got the feeling, if SCIR could get somewhere near the price they're after, then they would opt out of the Ruvuma license before the CH-1 drill.

edgar, yes totally agree

sorry not Rage, Mr range , though i think he might see some in the weeks to come.

that'll upset the rage over on the other side. lol

CP, put out 15 May, about 8:15 in

https://www.proactiveinvestors.co.uk/companies/news/919700/aminex-ceo-says-farm-out-nearing-finish-line-and-is--tremendously-positive--about-future-919700.html

yes CP, but that is the license (work commitments), but as i'm understanding it APT are wanting to increase the 3D from 200 sq km to 500. which will increase cost, but i think you can knock the planed 2D on the head as i believe that was for the rest of the Mtwara license outside the development area, which has now been lost.

"The extension, which was applied for in late 2017, is valid for one year. Under the terms of the extension the Company, through the Ruvuma PSA Joint Venture, is committed to perform the following works during the extension period:"



· Acquire 200 square kilometres (surface coverage) of 3D seismic (min. expenditure of US$7 million)

· Drill the Chikumbi-1 exploration well (min. expenditure of US$15 million)

"I think we all already know the work programme & costs, the only question now is how quickly they can secure the rig and 3D."

cperkin, i'm sorry having to keep labouring this point, but i think the new proposed work program has more 3D and the total estimated figure is now somewhat more. ( "The total value of the contingent elements proposed to be reclassified to firm is currently budgeted at approximately US$40million (gross)")

http://admin.aminex-plc.com/uploadfiles/200225%20RNS%20Corp-Ops%20Update%20Final.pdf

"APT and Aminex have agreed, subject to the requirements of the Ruvuma PSA and Joint Operating
Agreement (“JOA”), that upon completion of the Farm-Out and the transfer of operatorship to APT, to
request approval from the Joint Venture and the Tanzanian authorities to move the contingent elements
of the previously approved 2020 Work Programme and Budget into the firm budget for the year. The
intention would be for the seismic acquisition to form part of the immediate work programme and no
longer be contingent upon the award of a Ntorya Development Licence. Under the terms of the JOA,
approval from two parties holding at least a 65% participating interest in the licence will be required to
move those elements into the firm budget. After completion of the Farm-Out, APT will hold 50% and
Aminex will hold 25%. Assuming that approvals under the JOA and PSA are granted, the firm budget will
then include the drilling of the Chikumbi-1 well and the acquisition of an extensive 3D and 2D seismic
survey. The total value of the contingent elements proposed to be reclassified to firm is currently
budgeted at approximately US$40million (gross), for which Aminex would be fully carried. The proposed
3D seismic survey, expected to cover approximately 500 km²"

so when APT "formally present their programme and schedule for the drilling of the Chikumbi-1 well and the 3D seismic acquisition programme" at the Operating Committee Meeting, SCIR well have little or no clout to change the work program.

"APT, as the new operator of the Ruvuma PSA, intends to call an Operating Committee Meeting (OCM) shortly, where it is expected that they will formally present their programme and schedule for the drilling of the Chikumbi-1 well and the 3D seismic acquisition programme."

this should be well known by all parties involved even us as share holders.

http://admin.aminex-plc.com/uploadfiles/200225%20RNS%20Corp-Ops%20Update%20Final.pdf

" Under the terms of the JOA, approval from two parties holding at least a 65% participating interest in the licence will be required to move those elements into the firm budget. After completion of the Farm-Out, APT will hold 50% and
Aminex will hold 25%"

yes, and i'm still thinking a marriage of sorts with Orca, who's newly revised strategy could align with Aminex's, though i reckon the Nyuni Area PSA extension needs confirmation first.

https://orcaenergygroup.com/2020/10/15/orca-energy-group-inc-appointment-of-advisor/

Jay Lyons, Interim CEO of Orca, said:

“We are delighted to welcome Lloyd Herrick to Orca. His experience, developed over a forty-year career in the industry, including two decades as a director and VP, COO of TransGlobe, is particularly aligned with Orca’s newly revised strategy to focus on the optimal development and value creation of the Songo Songo gas field in Tanzania. Lloyd will play an important advisory and oversight role supporting our operations team and working closely with Orca’s Board and management as we continue to capture the value from the Songo Songo gas field in Tanzania for the benefit of all stakeholders.”

yes, and i'm still thinking a marriage of sorts with Orca, who's newly revised strategy could align with Aminex's, though i reckon the Nyuni Area PSA extension needs confirmation first.

https://orcaenergygroup.com/2020/10/15/orca-energy-group-inc-appointment-of-advisor/

Jay Lyons, Interim CEO of Orca, said:

“We are delighted to welcome Lloyd Herrick to Orca. His experience, developed over a forty-year career in the industry, including two decades as a director and VP, COO of TransGlobe, is particularly aligned with Orca’s newly revised strategy to focus on the optimal development and value creation of the Songo Songo gas field in Tanzania. Lloyd will play an important advisory and oversight role supporting our operations team and working closely with Orca’s Board and management as we continue to capture the value from the Songo Songo gas field in Tanzania for the benefit of all stakeholders.”

"we are now reliant totally on APT for all Ntorya based newsflow"

well yes, but Aminex's interests are tide in and linked with APT through ARA/Zubair, i would imagine there is a good chain of communication between AEX and APT.