Member Info for cperkin

Birds and worms theme today then?

I think the RNS carrier pigeon is stopping at all countries on it's northern route from Tanzania to London to sample the fare in each country, so far Tanzanian worms are the tastiest.

I think they might have given the Viagra to the RNS carrier Pigeon which is stopping in all countries in it's North bound flight from Tanzania to London and checking out the Chicks en route

https://twitter.com/solooilgas/status/1057231565921705984

According to industry sources, Gazprom has declared a supply shortfall and suspended all deliveries of bulk liquid helium for export from Russia, effective immediately, due to an order issued by Russia’s anti-trust committee.
Apparently, this action has been taken in response to the current worldwide shortage of helium, which has destabilised domestic Russian helium markets.

Will it be a repeat run of the 7th August & the Slovenia Gov traders.com association?

Sorry for holders here, best of luck.

Just add it to the missing directors buys & missing RNS regarding KN-1 ;)

Orca presentation show the following demand profile.

180 mmscfd 2019, 300 mmscfd by 2020, just under 400 mmscfd 2021 and 500mmscfd by 2022

Lots of demand, in fact enought to go round for everyone of the Tanzanian gas to power producers :)

Well done NG, always pleased to hear when someone makes some money from a trade, I picked up a nice bunch just over 1.3p the other week, think I will hold on till the RNS before I decide my next move :)

lol HY if you mean 12 mins in and they mention KN-1 not supplying then I can save everyone a lot of time ;)

Hi TWalbyoff I agree with Tarry and fully expect the development licence to be issued. The only question I have will it be pre or post C-1 drill.

Appreciated Crusty and interestin that there share is declining. I see there projected demand is about the same as wRLs as per slide 16.

300 mmscfd by 2020, just under 400mmscfd 2021 and 500mmscfd by 2022

Seems Tanzania will need Orca, WRL and Ruvuma gas to meet the demand and the TPDC have the producers all tied up neatly.

Thanks, thats significant, when you say immediate you mean post workover and GSA agreement. The other interesting quote from the WRL presentation is the below,

"No uncommitted 2P reserves in country vs. Government ambition for 5,000 MW in 2020 "

So I assume Orca are 2C as well?

Hi Crusty the 300 mmcfd comes from the October 2018 WRL presentation as does the below.

"Tanzanian power generation currently ca. 1,500 MW, with ca.780 MW from Natural gas"

"Government ambition for 5,000 MW in 2020".

"Demand forecast by end 2021 predicted at ca.300mmcfd"

Thanks ref Orca, they are in dispute at the moment are they not?

That gas demand I mentioned in my post @ 07:02 today, more evidence.

https://www.jamiiforums.com/threads/forget-about-stieglers-dam-tanzania-to-eclipse-kenya-in-power-generation-with-upcoming-gas-to-electricity-plants-in-2019.1500812/

Quite agree ref UKOG NG if you think 3 to 6 million barrels of recoverable oil for a market cap of over £100 million offers more upside than 32 million barrels of oil equivalent for a market cap of £13 million?

The AEX/SOLO comparison is a little more complex than the £56 million market cap at AEX V SOLO's £13 million and both holding 25% of the main asset.

IMO DYOR

Guess thats one of the reasons for the investors evening in November. The RNS is quite standard for a NOMAD announcement.

Seems they are lining up the ducks for Ruvuma development or disposal (or a mixture of the two) to me, they raised funds, sold assets, built cash and now a new Nomad.

Only a couple of weeks left for Aminex to publish their farmout circular for completion by their communicated due date.

Looks to me like solo are getting their ducks lined up for Ruvuma development. Raised, cash, selling assets and now the new Nomad.

http://www.strandhanson.co.uk/about-us

Already started willow.

I am inclined to agree Crusty after reading in more detail the October presentation from WRL I have changed my stance on the speed of the FFD.

"Tanzanian power generation currently ca. 1,500 MW, with ca.780 MW from Natural gas"

"Government ambition for 5,000 MW in 2020".

"Demand forecast by end 2021 predicted at ca.300mmcfd"

As it stands WRL can only produce 130mmcfd of that 300mmcfd demand and thats after compreession and workovers, so leaving a shortfall of 170mmcfd.

Ruvuma as I understand it is the only as available to meet that shortfall in demand starting 2019/20

If the demand is correct Tarry then the Tanzanians need Ruvuma gas and they need it soon and a lot of it by 2021