Member Info for cperkin

Who knows Bluff, he lives and works in Tanzania for a consultancy firm and is very active on Twitter forwarding news on the Tanz Gov and the business sector, both O&G and Mining. He has provided some interesting information over the last 12 months, although this time it is not backed up with any evidence.

It comes when it comes, Shell etc are waiting for it so they can deliver their expected FID for the LNG this year.

Hi babel, yes exactly. The LNG is estimated to take 8 years to move to production and a to be determined % of the gas will be used for domestic, someone has to fill the domestic and export demand in the proceeding years.

He had $88 million in JnJ shares thanks to his Dr brother, maybe he spunked that as well. Hard being the under achiever in the family I suppose?

Wed, 21st Mar 2018 14:00
RNS Number : 4712I
Aminex plc
("Aminex" or "the Company")

Possible Transaction

Following recent inquiries Aminex advises that it is in discussions with Eclipse Investments LLC ('Eclipse'), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area. Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is the Company's largest shareholder. The Zubair Corporation is one of Oman's leading business groups.

Any farm-out would be subject to Tanzanian Government, shareholder and certain other approvals. There is no guarantee that a transaction will be completed. Shareholders will be updated when appropriate.

Huge increases in gas.

https://www.iea.org/articles/tanzania-energy-outlook

Thanks to GL

Feels like we might be missing out whilst suspended.

I think most PI's are tiered of waiting. Make you wonder why they chose Scirocco anyway as it's a hot wind from North Africa and currently solo has no assets in North Africa, only East Africa?

Plenty of people on Twitter railing about their PF taking a big red hit, seems Aminex is helping to buck the trend @ +5% I agree ref cocooned AA, depends of course if their is positive developments in Tanzania to back up the AEX trend, in which case we could be missing out?

Who knows Ivans. The so called draft may well have already been fully reviewed and agreed with the Zubairs?

Months, weeks, days, hours, who knows?

Well Frank, if the information that Mr Tayari has published is correct then the draft PSA has either landed or is in the post.

Let see.

https://twitter.com/TZSpokesperson/status/1220649594964430848

Who's next?

Haha Frogs, no worries. Kiswhali, and I thought some of the translations for Swahili were bad enough ;)

Hi Frogs for firefighting & Emergency equipment? Not sure what that has to do with Helium, or have I got the wrong end of the stick?

The fire department, which falls under the home affairs ministry, had signed the contract with an unnamed Romanian firm without involving the finance ministry or securing parliamentary approval, Magufuli said.
The deal was for the purchase of fire fighting and rescue equipment, Magufuli’s office said in a statement.

https://www.reuters.com/article/us-tanzania-politics-idUSKBN1ZM23C

https://www.thecitizen.co.tz/news/-Oil--gas-players-eye-deal-with-government/1840340-5428464-134i9qj/index.html

News flow is picking up again.

https://www.hellenicshippingnews.com/tanzania-natural-gas-plan-draft-finalised/

This bits funny though
“Tanzania has not delayed to invest in natural gas; teams of exploration are still exploring for more areas with natural gas and to those areas discovered with natural gas, we are in talks with investors who are willingly to invest to our country for the benefit of all Tanzanians."
How long have we been waiting for a licence over Ruvuma!

Thanks to artrader

Yes nothing much to say Bucks, the odd snippet on the increase in gas or electricity demand but not a sniff on the PSA negotiations and whilst demand increases investment in supply is almost $0

Country Director and Head of Trade and Investment
Department for International Trade
Main purpose of job:
To lead the Department for International Trade team in Tanzania, building the commercial relationship between the two countries, driving UK exports to Tanzania through supporting UK companies to win contracts, and supporting the cross-government Prosperity agenda to foster a better business environment in Tanzania.

https://fco.tal.net/vx/appcentre-ext/brand-2/candidate/so/pm/4/pl/1/opp/11445-Country-Director-and-Head-of-Trade-and-Investment-01-20-DAR/en-GB

Country Director and Head of Trade and Investment
Department for International Trade
Main purpose of job:
To lead the Department for International Trade team in Tanzania, building the commercial relationship between the two countries, driving UK exports to Tanzania through supporting UK companies to win contracts, and supporting the cross-government Prosperity agenda to foster a better business environment in Tanzania.

https://fco.tal.net/vx/appcentre-ext/brand-2/candidate/so/pm/4/pl/1/opp/11445-Country-Director-and-Head-of-Trade-and-Investment-01-20-DAR/en-GB

They are going to need both licences Babel, the extension licence followed by the 25 year development licence to get it into production and the 25 year licence was applied for in September 2017!

Maybe they will both come together or maybe they will wait for the CH-1 drill first?

Yep,until we see it delivered steve! The Bod's target of 20,000 boepd within 5 years, no one else's.

Ruvuma is still the current prize here for me, pending one of the two licences they are waiting on the Tanz Gov. of course.