Member Info for cperkin

Not much in the report and no significant update on KN-1 since the previous RNS from Aminex.

The Company has started to mobilise personnel and equipment for the initial remedial work The preferred work programme, based both on the results of a simulation study conducted on the field and on a history match of past reservoir performance, is the potential of accessing a deeper unperforated zone. This is a significantly cheaper approach to raising production and may add to the recoverable reserves the Company has already booked.

gross production from the Kiliwani North-1 well was 0.03 BCF of which Aminex's share was 0.01 BCF
gas revenues of US$0.05 million for the period

Production rates are determined by the plant operator and are currently based on normal requirements for testing and commissioning procedures

Disappointed at the lack of update on KN-1 though!

The Company has started to mobilise personnel and equipment for the initial remedial work

gross production from the Kiliwani North-1 well was 0.03 BCF of which Aminex's share was 0.01 BCF
gas revenues of US$0.05 million for the period

Production rates are determined by the plant operator and are currently based on normal requirements for testing and commissioning procedures

Grrr!

@ Willow, I bet you have read less than 1% of it :)

Intresting

"the Farm-Out has an effective date of 15 March 2018 and allows for operational costs incurred on Ruvuma from that date to be reimbursed through the US$35 million carry on completion."

Sorry translation is not so good, this one is better

Minister for energy DR. Medard Kaleman when he cut the Ribbon marking the launch of the energy use of Gas for electricity Megawats of 45 in Cement industry based in Mtwara.

first phase of the project, the use of natural gas to produce electricity to be used by Cement factory of Dangote #TUNATEKELEZA2018

https://twitter.com/TPDCTZ/status/1045397442273906689

Sounds good GL, you know that what should not be mentioned ;)

Well you know what they say, it's always a 10p party somewhere :)

Not April the 1st GL?, although if C-1 is spud and flowed as per the previous two wells then flows in March?

The only change I see between 17 and 18 is the addition of a licence area in Ruckwa, south next to the Helium -1 licence area.

Looks like the all clear willow, 0 after hours.

Aminex Annual report due tomorrow, wondering if they will give us any update on KN-1 in the post results and when that circular that is due will land?

You don't think it's possible the valve might have been replaced and they are testing the flow rates, recharge and inlet pressure then?

Certainly we are due an update, will they roll it up in post period events in the half year report?

"Solo is currently in the midst of a key transitional period. Under the guidance of a newly composed Board, Solo has one principal objective; to realise the inherent value of the portfolio through monetisation in order to generate value for our shareholders."

Hang on Hex, let me check my Crystal ball ;)

Nope still go to wait for the Farmout it seems.

Just bottle the collective gas from this BB over the last few months and I reckon there is a good BCF or two alone :)

The only licence blocks I care about are the ones Aminex have rights over.

Anyway, Results due by close of business tomorrow and we should expect that circular soon after.

You sure Tarry? Guess we might find out tomorrow?

"Aminex PLC is a producing, upstream oil and gas company" Looking forward to the Oil bit.

Whoops ;)

"They have done nothing concrete on the ground" Well other than a few wells drilled and 2 TCF proven up I suppose.

As for the licence, it won't come till the Zubairs are the operator imo and that looks like happening Q4

Quite right, everybody owes them a Pint down the black horse....now that would be some night out!

"They will get bought out early in Tanz once all the blocks are in play"

I agree the asset is far too big a play for such a small company, I expect they will drill C-1 with the Omani's and AEX and look for an exit $40 million +