Member Info for bullfrog

Welcome to the world of Aminex :)

Https://mtwaralng.com/justification/

Domestic Natural Gas Supply

Tanzania’s gas reserves offer a secure feedstock base for the Mtwara LNG Facility, enabling phased expansion and long-term reliability.

Primary Supply Sources

Ntorya Gas Field (Ruvuma Basin)

A key onshore discovery with ~1.3 Tcf of recoverable reserves, located just 30 km from Mtwara:

Short pipeline connection minimizes infrastructure costs and environmental impact.

Ideal for phased production to match LNG demand growth.

Mozambique Offshore – Area 1 (Rovuma Basin)

Mozambique’s vast offshore reserves provide a complementary supply:

Bilateral pipeline and trade agreements unlock cross-border integration.

Shared infrastructure improves economies of scale and regional resilience.

Strategic Supply Benefits

Diversified Feedstock: Combines Tanzanian onshore and Mozambican offshore reserves.

Scalable Growth: Modular expansion tailored to market development.

Domestic Value Retention: Keeps gas revenues and jobs within the national economy.

Regional Integration: Supports bilateral energy trade and infrastructure cooperation.

Climate Impact: Supports fuel switching and complements renewables.

It does however also say that one of the primary feeds for the plant is Ntorya Gas Field

Domestic Natural Gas Supply

Tanzania’s gas reserves offer a secure feedstock base for the Mtwara LNG Facility, enabling phased expansion and long-term reliability.

Primary Supply Sources

Ntorya Gas Field (Ruvuma Basin)

A key onshore discovery with ~1.3 Tcf of recoverable reserves, located just 30 km from Mtwara:

Short pipeline connection minimizes infrastructure costs and environmental impact.

Ideal for phased production to match LNG demand growth.

Mozambique Offshore – Area 1 (Rovuma Basin)

Mozambique’s vast offshore reserves provide a complementary supply:

Bilateral pipeline and trade agreements unlock cross-border integration.

Shared infrastructure improves economies of scale and regional resilience.

Strategic Supply Benefits

Diversified Feedstock: Combines Tanzanian onshore and Mozambican offshore reserves.

Scalable Growth: Modular expansion tailored to market development.

Domestic Value Retention: Keeps gas revenues and jobs within the national economy.

Regional Integration: Supports bilateral energy trade and infrastructure cooperation.

Climate Impact: Supports fuel switching and complements renewables.

And also today https://www.facebook.com/watch/?mibextid=rS40aB7S9Ucbxw6v&v=744603928303211

Gas Pipeline Ntorya–Madimba to Ignite New Development OpportunitiesThe government, through the Tanzania Petroleum Development Corporation (TPDC), is implementing the construction of a natural gas transportation pipeline with a length of 34.2 kilometers from Ntorya (Ruvuma Block) to Madimba, for the processing of natural gas.Pipeline Capacity:A 14-inch wide pipeline with the capacity to transport 140 million cubic feet of natural gas per day.Allocated Funds:TZS 23.2 billion (Internal Funds) for the construction of project infrastructure.Goal:To increase access to clean gas energy for industrial, household, and vehicle use, thus stimulating the nation’s economic development.

Thanks to Ufufuo on the Telegram group for finding this.

https://mtwaralng.com/justification/

Some interesting information on the feed supply, looks like our gas could be used for this as well

Domestic Natural Gas Supply

Tanzania’s gas reserves offer a secure feedstock base for the Mtwara LNG Facility, enabling phased expansion and long-term reliability.

Primary Supply Sources

Ntorya Gas Field (Ruvuma Basin)

A key onshore discovery with ~1.3 Tcf of recoverable reserves, located just 30 km from Mtwara:

Short pipeline connection minimizes infrastructure costs and environmental impact.

Ideal for phased production to match LNG demand growth.

Rojo, as you have been invested for 15 years you should know more than most that the company is very different compared to then.

It has been a long painful journey but within the next 12 months will be generating revenue and will have proven some of the 3d results.

Just wait.. suspect there will be a large delayed trade that appears after hours. Hence the tick up.

That's because we have already bought at around 1p or lower... now just waiting

Was invested back when NT-1 was being drilled bought around 7p but sold at a loss when they found gas and the market was expecting oil

Then bought again around 1.1p for NT-2 drill and sold around 5p and made a tidy profit. More than made back what I Lost

Been buying in again since the farmout was ratified. So been buying 0.5 up to 1.1p for the CH-1 Drill and pipeline commissioning.

Rojo - May I ask what your investment case was when you first bought into Aminex?

You may have already said this but could not find anything.

To calculate the value of 140 million cubic feet (MMcf) of gas sold per day at $3 per MMBtu, we need to follow these steps:

Step 1: Convert MMcf to MMBtu

The typical conversion factor for natural gas is:

1,000 cubic feet (Mcf) ≈ 1.037 MMBtu

So:

140 MMcf/day = 140,000 Mcf/day

140,000 Mcf/day × 1.037 MMBtu/Mcf ≈ 145,180 MMBtu/day

Step 2: Multiply by Price

At $3 per MMBtu:

145,180 MMBtu/day × $3/MMBtu = $435,540/day

✅ Final Answer:

$435,540 per day

what is 25% of this value for a year?

We already calculated the daily revenue as:

$435,540/day

Now let's compute 25% of this value for a year.

Step 1: Annual Revenue

$435,540/day × 365 days/year = $158,976,100/year

Step 2: 25% of Annual Revenue

25% × $158,976,100 = $39,744,025

✅ Final Answer:

$39,744,025 per year (which is 25% of the annual revenue at that gas sale rate)

Based on the numbers in this article ...

https://www.pura.go.tz/news/apt-tpdc-commended-for-implementation-of-upstream-petroleum-projects

"The Chikumbi 1 well drilling cost USD 7 million (TZS 16 billion)"

Cost of Aminex 25%

$1,750,000

Correction 25% of a potential 16Tcf up to 280 mmscf/d

Pipeline might not be a direct cost to AEX, however it will likely lose a % of the licence to the TPDC as part of its back in rights.

Based on the numbers in this article ...

https://www.pura.go.tz/news/apt-tpdc-commended-for-implementation-of-upstream-petroleum-projects

"The Chikumbi 1 well drilling cost USD 7 million (TZS 16 billion)"

Cost of Aminex 25%

$1,750,000

Can't make and omelet without cranking an egg

Dont think so

Https://x.com/Nishati2017/status/1895490378272485479

Deputy Prime Minister and Minister of Energy, Hon. Dr. Doto Biteko speaking to the Omani Ambassador to the country, Hon. Saud Hilal Al Shidhani when he visited him at his office today, February 28, 2025, in Dar es Salaam.

Also in the Picture looks to be Sultan Al Ghaithi CEO of ARA Petroleum...

Roll on Next week where ARA will present Day 2 @10:50am, March 6th: Oral Presentation by ARA on "Ntorya Field Development - ARA Petroleum Tanzania"

JB - Non Executive Chairman at SDX Energy

For the craic