Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I prefer to add over a period of time leading up to significant news. That way I don't miss out good news but add when there is a bump in the road (eg placing). Most important Is not to add on spikes or chase a fast moving sp.
Provided the end game does not change I wont sell my position until sp targets are reached then I will start to de risk.
I am happy to pick this up in two weeks time? Sure, but it was not the point I was trying to make.
You have to speculate on these things sometimes. News could drop next week that takes the sp significantly higher. By then it could be too late for those on the side-lines.
RoJo ... See it as an opportunity to buy more before the RNS drops.
We are getting news from official sources that things are progressing. This project is finally making headlines in the local press which until recently has been a only footnote.
Not often does the normal investor get a chance to get a head of the curve before official company new releases.
Continued “
One of the benefits is that various youths from our village and others will benefit from job opportunities, especially during the construction process, women and other people will have the opportunity to sell food and other stuff during implementation of the project,” he said.
The construction of the gas pipeline from Ntorya Gas Reserve to Madimba Gas Processing Plant involves passing through five wards and eleven villages in Mtwara District Council.
Text from article
MADIMBA Gas Processing Plant is projected to start processing additional 60 million cubic feet per day (mcfpd) of natural gas from the Ntorya gas field in Mtwara coming next December.
The plant, a subsidiary of Tanzania Petroleum Development Corporation (TPDC), currently is on the final stage of constructing a 35-kilometre gas pipeline from Ntorya Gas Reserve to Madimba.
The TPDC Communications Manager, Ms Marie Msellemu, said they are finalising the process of paying compensation to 255 villagers for the land where the pipeline will pass from Ntorya to Madimba.
“Some 437m/- has been allocated to compensate the villagers mostly,” Ms Msellemu said.
She further said the processing capacity for gas from Ntorya will more than double from 60 mcfpd to 140 mcfpd in the next two years to stay ahead of gas demand.
“We will start to process gas from Ntorya at a lower capacity before doubling the capacity in the next two years,” she told reporters who recently visited the Madimba plant.
Madimba Gas Plant Manager, Eng Leonce Mrosso said the plant has the capacity of processing 210mcfpd gas from Mnazi Bay gas field some 10 kilometres away.
“The gas is pumped from Mnazi Bay to Madimba through a 16-inch pipe, most of our gas is pumped to Dar es Salaam [some 551 kilometres away] for generating power and running some manufacturers factories,” Eng Mrosso said.
Additionally, Dar is getting natural gas from Songo Songo plant with a capacity of processing 140mcfpd.
In total, Eng Mrosso said, Madimba and Songo Songo plants process 350 million cubic feet per day.
ANNE ROBI, DAILY NEWS Reporter in Mtwara reported that some of the “wananchi” lined to pave way for construction of the pipeline, highly thanked TPDC for ensuring smooth and timely payment of their compensation.
“We really appreciate the way TPDC cooperated with us as they conducted the process right from the beginning when they introduced the project to us (‘Wananchi’) to date, we have not had any problem so far,” said Hassan Mohammed, one of the beneficiaries of the compensation.
One Fatma Abdalla said TPDC conducted the process fairly by ensuring that each and every one lined to vacate his/her piece of land was satisfied with the way the corporation is conducting the process to settle their compensation.
“I did not experience any problem during the process, the corporation (TPDC) explained to us well how each and every one was supposed to be paid based on the size of land provided by each,” she said.
Mtendachi Village Executive Officer, Muhidin Ally said the plan to construct the pipeline through the village was crucial as the villagers will benefit from social and economic opportunities to come along during and after the construction of the pipeline.
Https://dailynews.co.tz/madimba-plant-to-process-ntorya-gas-next-december/
I suspect they mean Dec 2023 and not Dec 2024...
The NT-2 well must have tested OK for them to be proceeding with the pipe line construction and the TDPC would likely have seen early 3D results to enable them to commit funding.
Also at Madimba
https://dailynews.co.tz/madimba-natural-gas-production-more-than-doubled/
Before Orca started selling anything
Item .................................
1. Gas Production .... 0 MMscf/d.....
2. Cash Flow per share ... negative ...
3. Working Capital ... negative ..............
4. Cash / equivalent .. minimal ........
5. Net Income ...... negative ...........
6. Dividend Yield .... No dividend ........
Lets compare once the gas starts flowing....
Continued...
279. Honorable Speaker, the Government through PURA and TPDC will continue to manage Private companies that conduct oil and natural gas exploration activities in particular in Tanga and Ruvu Nurseries. In addition, the Government will continue to manage the activities of development and production in Ruvuma Nurseries (Ntorya), Songo Songo and
Nazi Bay. The goal is to ensure the availability of natural gas in the country and become a Company they carry out their activities in accordance with the Agreements and the Law.
Continued...
277. Honorable Speaker, the Government through PURA will manage the processing activity and
interpreting the seismic information taken in the Ruvuma Block area of 334 square kilometers as well as the management of the repair (work over) of the well Ntorya -1 and the excavation of the search well (Chikumbi – 1). In addition, PURA
will continue with the management and inspection of the activities carried out in the blocks all the exploration and production of natural gas in the country, the aim being to ensure that relevant Laws and Agreements are observed. A total of 1.774 billion shillings local funds have been allocated to facilitate the implementation of these works.
Some snippets
D.11: DEVELOPMENT PROJECTS, PRODUCTION NO
TRANSPORTATION OF OIL AND NATURAL GAS
i) Ruvuma Nursery (Ntorya)
157. Honorable Speaker, the Government through TPDC has continued with various efforts with the aim of increasing the availability of natural gas in the country where the Government, TPDC and the investor of the Ruvuma Block which has approximately Trillion Cubic Feet 1.6 have completed negotiations and signed the Additional Natural Gas Agreement (Gas Addendum) on November 25, 2022. Development of natural gas in The block will provide access to approximately 40 to 60 million cubic feet per day starting with approximately 140 million cubic feet per day during production high (full field production) will be reached.
158. Honorable Speaker, Negotiation of the Gas Sales Agreement Agreement - GSA) between TPDC and the investor is in the final stages. In addition, TPDC in collaboration with the investor are continuing the preparations
construction of a 35 km long pipeline from Ntorya to the factory to process Madimba natural gas. Currently, the Government has completed the valuation of the properties of the citizens who will be compensated for passing the pipe developer where 255 citizens have been compensated. Also, TPDC and the investor continue to complete
Development Plan (Development Plan) of the gas that will facilitate gas production from the Ntorya Block by the end of the year 2024.
193. Mr. Speaker, the Government continued to manage the implementation of the Participation Policy
of Tanzanians in the Subsector of Oil and Gas where on the part of EACOP project a total of 1,969 Tanzanians were employed through direct employment one and 160 Tanzanians were employed for seismic data collection
3D system in Ruvuma Nursery. In addition, until April, 2023, a total of 134.6 million US dollars equal to 313.14 billion shillings were spent in the purchase of goods and services from the local market.
276. Honorable Speaker, the Government through PURA will continue to manage oil and natural gas exploration activities in Kilosa-Kilombero Blocks, Tanga, Ruvu, Nyuni Area, Blocks No. 1, 2 and 4. In addition, PURA will continue to manage the activities of development and production in Ruvuma Nurseries (Ntorya), Songo Songo and
Nazi Bay. The goal is to ensure that the companies carry out their activities in accordance with the Agreements. Appendix No. 12 shows the Map of Blocks Exploration and Development of Land and Sea Areas.
Below is the speech that January Makamba delivered yesterday on Tanzania's Energy budget for 2023/2024. There are references to ARA / RUVUMA / Madminba Pipeline / GSA negotiations / PSA
You can download the document and use google translate to convert the document language https://translate.google.co.uk/?sl=sw&tl=en&op=docs
https://www.nishati.go.tz/uploads/documents/en-1685520962-HOTUBA%20YA%20BAJETI%20YA%20NISHATI%202023-2024.pdf
Do they know something we dont?
https://www.offshore-technology.com/marketdata/oil-gas-field-profile-ntorya-conventional-gas-field-tanzania/
Production from Ntorya
Production from the Ntorya conventional gas development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 414 bpd of crude oil and condensate and 231 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2064.
Sorry about that, not sure if the below link is any better.
https://www.pura.go.tz/uploads/documents/en-1681831185-Main%20Activities%20to%20be%20Implemented%20by%20NOC%20and%20IOCs%20in%202023.pdf