The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The inclusion of the Oman JSRS eMarketplace (JeM) in this year’s Tanzania Energy Congress is a clear indication of the strengthening economic ties between Oman and Tanzania-Zanzibar. But what does this collaboration truly signify? At its core, it’s about mutual growth and sustainable development in the energy sectors, particularly oil, gas, LNG, and emerging new energies.
Oman, with its vast expertise in oil and gas, finds a promising partner in mainland Tanzania and of course its neighbouring Island Zanzibar, both nations on the cusp of an energy revolution. With abundant natural resources and a strategic geographic location, Tanzania and Zanzibar are poised to drive economic prosperity while championing environmental sustainability.
https://theexchange.africa/industry-and-trade/tanzania-and-oman-pioneering-a-sustainable-energy-future/
RNS Number : 7053F
Aminex PLC
12 July 2023
Aminex PLC, the oil and gas exploration and production company focused on Tanzania, is pleased to announce that operations on the Ruvuma PSC have continued to progress under the direction of the operator, ARA Petroleum Tanzania Limited ("APT"):
· Following analysis of the results of the initial 3D seismic processing and interpretation, the JV partners have chosen a new optimal target location of the Chikumbi-1 well ("CH-1"). The Tanzanian authorities have given provisional approval of the new CH-1 well pad location and final written approval is expected imminently.
· The full processing of the 3D seismic data is now complete. Given the vast volume of data acquired, interpretation is now due to be completed in Q4 2023, which may result in a full revision of gas reserve and resource potential for the field.
· A well-workover of the Ntorya-1 well ("NT-1"), to enable rapid tie-in to the gas production facilities and bring the well into early production requires the use of a drilling rig and remains scheduled to run after the drilling of CH-1.
· The Gas Sales Agreement ("GSA") in respect of the Ntorya Gas Field has now been agreed among the JV partners and the Tanzania Petroleum Development Corporation ("TPDC"). Signing of the GSA will take place upon approval by the Attorney General's Office.
· The Field Development Plan ("FDP") for the development of the Ntorya Area has now been approved by all parties.
· The Development Licence for the Ntorya Area has been approved by all relevant Tanzanian authorities and has been submitted to the Cabinet of Ministers for final authorisation.
· The Tanzanian authorities have continued with the necessary workstreams to progress the construction of the export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas, according to recent public reports, by December 2023.
· APT recently received the first shipment of long lead items, including tubulars, required for the spudding of the CH-1 well.
· The two-week well-testing programme on the Ntorya-2 well ("NT-2"), designed to provide additional information required for the design of in-field processing facilities, and originally scheduled for late March 2023, is now expected to run in the coming months.
As previously announced, the conclusion to the above workstreams decouples the spudding of CH-1 from first gas production and receipt of gas revenues. The re-defining and de-risking of the project materially advances first gas production, which is now expected at the end of 2023. A further announcement on drilling rig arrangements and timings will be made in due course.
Aminex, with a 25% non-operated interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex). The carry is expected to see the Company through to the commencement of commercial gas production from the Ntorya gas-field at zero cost
They only hold 1 million RJ and those are in an account that is in administration. So effectively they currently have 0 He1 shares, certainly 0 to trade.
" from the last annual report"
"On 5 June 2023, 1,906,088 shares in Helium One were sold for an average price of 7.5p/share. As such, Scirocco's
remaining holding in Helium One is 1,000,000 shares." (1,000,000 shares held within the general Pello Capital Crest account which had not been credited to the Scirocco named account.)" ......as the holding company is in administration
8TCF in Ruvuma alone according to the operator.
Will they have the deal here all signed and delivered before the 20th September and the 5th Energy congress?
https://www.tanzaniaenergycongress.com/
Probably imo
Most probably all done and dusted ready for the 20th September.
https://www.tanzaniaenergycongress.com/
RNS Number : 7053F
Aminex PLC
12 July 2023
"The full processing of the 3D seismic data is now complete. Given the vast volume of data acquired, interpretation is now due to be completed in Q4 2023, which may result in a full revision of gas reserve and resource potential for the field."
Surprised if you can even find your hat when the time comes to be honest xD
HI Latorre, please see the below from the annual report dated 30/06/23 their web site is not up to date and is complete carp.
"On 5 June 2023, 1,906,088 shares in Helium One were sold for an average price of 7.5p/share. As such, Scirocco's
remaining holding in Helium One is 1,000,000 shares."
So they only held as of June the 1 Million shares that they have manged to get locked up in administration.
The trade is for more shares than SCIR hold/held? Crusty, bearing in mind the fools over there have manged to effectively lose 1 million shares that are locked in a company that went into administration ) At best sleeping on the job or something much worse?
Excerpt from the annual report below, ref HE1
"Scirocco held its shares in an account with Pello Capital which entered administration in October 2022. As a result
Scirocco’s Helum One shareholding was split into two tranches.
• 1,906,088 shares held in a brokerage account
• 1,000,000 shares held within the general Pello Capital Crest account which had not been credited to the Scirocco
named account."
The Zubairs will then own 75% and AEX 25% of 8 Trillion Cubic feet of GIIP gas
Scirocco will now write to the Tanzanian Minister for Energy to obtain the final approval of the transfer of the licence interest to APT. On receipt of this approval, all conditions precedent to the transaction will be satisfied and Scirocco and its counterparty ARA Petroleum Tanzania can proceed to complete the transaction by the amended long stop date of 31 August 2023.
Geita Gold to save $19m annually after national grid connection
https://www.thecitizen.co.tz/tanzania/news/business/geita-gold-to-save-19m-annually-after-national-grid-connection-4324174
Parts 1 & 2 of the $16 million for SCIR draws ever closer.
Scirocco will now write to the Tanzanian Minister for Energy to obtain the final approval of the transfer of the licence interest to APT. On receipt of this approval, all conditions precedent to the transaction will be satisfied and Scirocco and its counterparty ARA Petroleum Tanzania can proceed to complete the transaction by the amended long stop date of 31 August 2023.
Scirocco will now write to the Tanzanian Minister for Energy to obtain the final approval of the transfer of the licence interest to APT. On receipt of this approval, all conditions precedent to the transaction will be satisfied and Scirocco and its counterparty ARA Petroleum Tanzania can proceed to complete the transaction by the amended long stop date of 31 August 2023.
Https://www.lse.co.uk/rns/SCIR/ruvuma-transaction-update-8211-tax-clearance-received-il4bxgorcl1yz66.html
Ruvuma Transaction Update - Tax Clearance Received
All about that GSA and Development licence now!
The Gas Sales Agreement ("GSA") in respect of the Ntorya Gas Field has now been agreed among the JV partners and the Tanzania Petroleum Development Corporation ("TPDC"). Signing of the GSA will take place upon approval by the Attorney General's Office.
· The Field Development Plan ("FDP") for the development of the Ntorya Area has now been approved by all parties.
· The Development Licence for the Ntorya Area has been approved by all relevant Tanzanian authorities and has been submitted to the Cabinet of Ministers for final authorisation.
RNS Number : 7053F
Aminex PLC
12 July 2023