Member Info for bullfrog

So literally next door .. convenient!

And a happy Christmas to you too

Every dog has its day and this will too.

The point was, if someone was willing to pay 1.2 billion for gas years away from production, then there is an awful lot of upside here given the resource size. Its not always about the now but the future.

Aminex / Ara are much closer to production and cheaper to produce as well.

Not really. Both are/were gas companies. Cove assets offshore and much longer lead time before that asset gets monetized.

Not entirely true. Cove was sold for £1.2 Billion and most of its gas assets that were acquired are is still in the ground.

Question will be, will the Drills planned by M&P produce enough to meet this increased demand.

It is my understanding that 2 of the wells are primarily to be used to maintain current production levels with the 3rd planned well exploration so potentially increased production.

With the problems between ORCA and TPDC as well, they might need our gas sooner than they think.

How long before we see 1.20 or less I wonder ?

Within 1-2 months. I see 1.1p being the low.. but lets see?

Can Tanzania manufacture carbon steel ? It can but i would expect the pipeline to be imported. The pipes for the EACOP pipeline was imported from China

How many compressors will be necessary along its length ?

Compressors typically required every 40 to 70 miles. The pipeline for this project is 35km so perhaps only one will be required.

Open trench ?

Likely open trench, the MDNGP is open trench too

I suspect the Bentley has lost more value than the AEX holding, albeit having more fun in doing do :)

If you know there are differences, then perhaps you can share your knowledge on the subject?

Im sure most of us are aware that both oil and gas pipe lines are indeed round but use different methods to push

its content through, eg Centrifugal pumps for oil and compressors for gas.

That question has already been answered.

https://energycapitalpower.com/eacop-reaches-47-completion/

They completed the survey of the Ntorya area

However the work they were doing for Orca was pulled and not completed due to a dispute.

Aminex would have got some data around Kiiwani North from this.

This was being done FOC in exchange to allow access to Aminex acreage so while it would have been useful to have this data, the resources around Songo Songo are much smaller and likely immaterial in the long run.

Correct me if I'm wrong but wasn't the 3D seismic abandoned as the company tasked went bust ?

Nope, AGS still in business. This article was from 2 weeks ago where they are doing seismic work in north of Tanzania currently.

https://dailynews.co.tz/eyasi-wembere-basin-oil-exploration-on-course/

Condensate is technically oil just a extremely light form of it.

There is apparently 20 MMbbls. (4 MMbbls net to Aminex if TPDC back in) recoverable condensate, so a nice additional revenue stream.

But I suspect all here already know that.

You have to go back to 2008 when the sp was in the 20's

This is the full text from the link

"France's Maurel & Prom is set to spend $80 million to drill three wells in Tanzania in 2025, one of which will be an exploration probe.",

"M&P operates the 640 billion cubic foot Mnazi Bay field, which lies in southern Tanzania’s Mtwara District and is one of the key suppliers of gas to the economy, with production averaging 74.24 million cubic feet per day last month.",

"The three-well campaign includes two infill wells at Mnazi Bay as well as an exploration probe on the Kasa prospect, said the Dar es Salaam-based Petroleum Upstream Regulatory Authority (Pura) whose officials met with M&P executives at the end of September.",

"This drilling campaign is expected to cost $80.2 million, according to PURA, whose E&P manager Simon Nkenyeli met with M&P’s general manager Sylvain Pichelin in Tanzania’s commercial capital.",

"Drilling of the two infill wells will enable the field to maintain its production plateau.",

"An environmental impact assessment for the drilling programme has been completed, said Pura, with the compensation process for project-affected-people expected to begin soon.",

"M&P has a 60% stake in Mnazi Bay, which produces through five wells, and is partnered by state-owned Tanzania Petroleum Development Corporation.",

In the past where I have made a mistake I sell up and move on. Each to their own I suppose.

If you believe you have made a mistake you should sell and move on.

The fact you keep your shares says to me you believe there is a chance the sp will recover.

That would include you as well