Member Info for cperkin

I am no O&G person either but surely it makes sense to 3D in and around the small area of the current drill pad and analyse that first and concurrently whilst they deal with the rest of the 200 square kilometres ?

It's the appraisal and deeper exploration target that is CH1 and the Zubairs/ARA have already identified a further TCF of gas or oil from the 2D reprocessing.

Either way, events are moving fast now, Farmout complete, 2 year extension licence, agreed work programme and 3D mobilised or about to be and all importantly the tax dispute is resolved.

Finally after many years of waiting, it's getting exciting again!

I assume you are aware of the company that owns HEV?

https://find-and-update.company-information.service.gov.uk/company/13355240/officers
https://find-and-update.company-information.service.gov.uk/officers/UhbuxMO1PAAtKWLutRYFTBCSeYM/appointments

https://www.oranacorp.com/team

Worst thing is that one of them is allegedly posting on the LSE under a pseudonym de-ramping daily a company he was kicked out off.

I should update my post with the below.

Placing next, if they actually get any kind of deal away that is, there again placing anyway :0)

Looks like you are missing the significance of the resolution and what it means for Tanzania O&G and more importantly what it means for any sale of Ruvuma and Kiliwani.

Still no surprise there.

I think the numbers published were

NT1 + 2 and CH1 (Early production system) = $11,428,571 PA to SCIR Approx cost to production = $7 million ish (We are waiting updated numbers)

Full field development =$40 million PA to SCIR and a further cost of around $23 million

The Government have a limited window of opportunity to develop their gas reserves for the benefit of the people and they know it. It was spelled out for them in a book published in November 2019 "Governing Petroleum Resources: Prospects and Challenges for Tanzania"

https://www.researchgate.net/publication/337534863_Governing_Petroleum_Resources_Prospects_and_Challenges_for_Tanzania

It's Green lights all the way at the moment.

Me Dan? Mr anonymous will let you know when you see it & the times right, apparently he has many friends on the street?

Getting exciting here now Dan :)

Seems to be a lot of gas assets on the market right now in Tanzania.

SCIRS 25% of Ruvuma
SCIRS 8.39% of Kiliwani
AEX Kiliwni and Nyuni?

Could be some new JV partners on the Horizon.

Seems like more fun than some of the dribble from he who should not be named :0)

1.0 (F) March
2.0 (B) November
3.0 (D) $30 Million (For Both)

Have a great weekend ALL. It's looking very promising here for the first time in a very long time!

Wanted to select "Locked and loaded" but I could only put buy.

https://www.africanews.com/2021/10/14/tanzania-races-to-develop-natural-gas-reserves-business-africa/

You were not far out Frank :)

Scirocco Energy shall receive US$0.15 million its share of the gas sales net of remittance of indirect taxes and export duties.

More importantly there is nothing in the way of the bundled sale now for any buyer & or for remediation work to be agreed.

Well done steve, and the main event is yet to happen :)

Guess that clears a major hurdle for SCIR to sell both Kiliwani and Ruvuma as they say they intend to do....

Just over 8% of US$4.37 million Frank

Well that takes care of my concern about the BOD here selling both Kiliwani and Ruvuma as a bundle.

Game on imo.

Just over 8%, RNS due

Wow, things are really moving in Tanzania!

Aminex is pleased to announce that it has reached an agreement with the Tanzania Petroleum Development Corporation ("TPDC") for the payment of outstanding monies owed for past gas sales to the TPDC, resulting in a net cash inflow to the Company of approximately US$1.85 million.

As previously announced, the Company and the TPDC have been engaged in constructive negotiations over the last few months which have resulted in an agreed settlement.

The settlement between the parties involves the netting off of past gas sales of US$6.77 million due to the Kiliwani North Joint Venture ("KNJV") against certain amounts owed to the TPDC, including licence and training fees and the TPDC's profit gas share on the unpaid gas sales. As at 30 June 2021, and as previously reported, the KNJV was owed US$8.34 million by the TPDC (net US$3.50 million to Aminex). Of this amount, the KNJV has agreed to waive its claim for interest of US$1.57 million under the Kiliwani North Gas Sales Agreement ("GSA") on the unpaid gas sales in order to settle the matter and secure payment by the TPDC.

The TPDC is required to make a payment of US$4.37 million to the Company within 30 days of execution of the settlement agreement. After distribution of JV partner shares of the gas sales and remittance of indirect taxes and export duties the Company will retain approximately US$1.85 million.

In the terms of the settlement agreement, the TPDC has reserved its rights relating to the Nyuni East Songo Songo PSA and certain rights under the GSA as has the KNJV in respect to the GSA.

Don't worry Dan, I am sure MR anonymous will provide every thing on Dan at the optimum time :)

Glad you approve Dan :) Not our fault you lost control of the company and got kicked out m8, take a long look in the mirror if you dare, Dan lol

Don't worry Frank and all, we can all return the 2 years of favours on the HEV BB for months to come if & when it ever gets of the ground and if and when they ever get to persuade some idiot that they have something to offer for their consultancy :)

Going to be fun!