Member Info for cperkin

No idea steve, they are using a new technology and much smaller nodes as I understand it, I think they plan to complete before the rains.

I guess all will be revealed soon AJ, both in terms of flow results & the Operations report. Which will come first?

Thanks to Ufufuo on the AEX board

Interesting article from yesterday. A nice reminder and reiteration of the impact of the new president and her very clear intent to rebuild trust with international investors:

"Barely three months since Tanzania’s incumbent president Samia Suluhu Hassan made a public announcement of her intention to regain investor confidence, her efforts are already bearing fruits".

"The president recently said ‘…investors view the country as having an unpredictable investment climate, hostile tax collection, and bureaucracy all of which are scaring investors away.’ As such, she pledged to change the status quo".

"“The sixth phase government will take an uncompromising approach on this, and we will start with the blueprint for the improvement of Tanzania’s business climate…” the president announced".

"In the report titled ‘Enter President Samia, time for a rethink’ the financial firm said thanks to Samia’s positive fiscal and monetary policies, the country now has ‘lower risk charges’ and an ‘attractive Post-Covid-19 recovery play.’"

https://furtherafrica.com/2021/09/26/tanzanias-efforts-paying-dividends-as-investors-regain-trust/

Now or never if someone wants a deal imo, once the 3D is done, we may as well hold on to the asset for the drill and 3D starts October.

Interesting Frank, but there again Twitter is probably more of a traders tool. I see many of the large holders are missing from the twitter feed and that's where the majority of the real votes lay.

'Pre-Committee Presentation – Monday 27 September 2021-Application 21/02464/STFUL-
West Newton Exploration Well Site, Fosham Road, High Fosham

I would like to inform you of the arrangements for a pre-planning Committee presentation by the
applicant and objectors with regard to the following planning application:-
To construct an extension to the existing West Newton A (WNA) well site, test appraise and
produce from the two existing wells and drill, test, appraise and produce from up to six (6)
new wells followed by decommissioning and well site restoration at West Newton
Exploration Well Site, Fosham Road, High Fosham.
The pre-planning Committee presentation involving the applicant and objectors will take place on
Monday 27 September 2021 commencing at 2.00 pm. The process will involve a 30 minute
presentation from the applicant and a 30 minute presentation from objectors. Should you wish to
observe proceedings the meeting will be live streamed on You Tube, the link for which is included
below and is also detailed on the Council’s Planning Committee web page:-
https://www.youtube.com/channel/UCR6ExCx8bLOJUyRfmC1IMeQ
The intention is that the planning application will be considered by the Planning Committee on
Thursday 30 September 2021. The report for that meeting should be available on Wednesday 22
September 2021 on the Council’s web-site.'

Thanks to SelfishMcNimby on RBD

So that's Ruvuma ticked off and delivered on time much to my surprise, I thought the Greenan deal would close first, so first revenue producing asset due to close soon.

RNS Number : 7183J 25 August 2021
"While the initial acquisition of GGL - which is expected to complete very soon - is relatively small in size, it is strategically important in terms of delivering immediate cash flow which can be re-invested into a compelling pipeline of complementary opportunities alongside our new partner."

Looks like full speed ahead for gas in Tanzania with the new Energy minister.

ARA/AEX/SCIR seismic approved on time and now LNG on the go.

I had a productive meeting today with Jared Kuehl, Vice President, Shell Tanzania and Unni Fjær, Vice President, Equinor Tanzania. I expressed our utmost desire to see the LNG project happen. The government is reorganizing teams for immediate, speedy and fruitful negotiations.
https://twitter.com/JMakamba/status/1441386898988011539

ARA/AEX/SCIR seismic approved on time and now LNG on the go.

I had a productive meeting today with Jared Kuehl, Vice President, Shell Tanzania and Unni Fjær, Vice President, Equinor Tanzania. I expressed our utmost desire to see the LNG project happen. The government is reorganizing teams for immediate, speedy and fruitful negotiations.
https://twitter.com/JMakamba/status/1441386898988011539

A Liquefied Petroleum Gas (LPG) refilling plant is a system which can be used either automatically or manually to refill LPG cylinders.

Oil and gas companies have projected an increase in demand of LPG in the future due to increase in its domestic use. The demand is likely to increase subsequently over the years to come. Even in the present scenario, it is very difficult to meet the market demand of many regions in Tanzania.

In line with the requirements envisaged and to ensure fulfillment of demand, a medium LPG plant can be established in major cities and municipals with a storage capacity of 50 MT x2. This proposed plant shall meet the short supply of LPG cylinders in the area and also decrease lead time in the areas. It will also be used to meet the future household demands of the people.

https://tanzaniapetroleum.com/2020/12/18/a-detailed-project-feasibility-report-on-starting-and-operating-lpg-refilling-plant-in-tanzania/

I think the Bod plan to sell steve and I will be surprised if they still hold come the drill. The 3D is the first step now to confirm the Full field development and now is the ideal time for ANO to buy it on the cheap imo. The 3D will likely add value but the second appraisal drill is likely to add very significant value and price it out of the market for many.

Good news that it has been negotiated well below budget.

"the joint venture has been able to take advantage of favourable market conditions securing a Lumpsum contract considerably below the joint venture's expected budget for the activity. AGS intends to commence activities in the Ntorya location from October 2021."

Well done the Zubairs (ARA) looks like we are paying much less than budgeted.

"the joint venture has been able to take advantage of favourable market conditions securing a Lumpsum contract considerably below the joint venture's expected budget for the activity. AGS intends to commence activities in the Ntorya location from October 2021."

Blimey that's a first and bodes well.

Aminex is pleased to announce that the Ruvuma joint venture has awarded the seismic acquisition contract to Africa Geophysical Services Limited ("AGS"). The award follows an extensive tendering exercise conducted by ARA Petroleum Tanzania Limited ("APT") for the seismic programme during which the joint venture has been able to take advantage of favourable market conditions securing a lumpsum contract considerably below the joint venture's expected budget for the activity. AGS intends to commence activities in the Ntorya location from October 2021. The acquisition will consist of approximately 338 km² of 3D seismic data focusing on the area of primary interest. AGS will mobilise, weather permitting, and focus on the proposed location for the Chikumbi-1 well ("CH-1") to acquire as much data as possible before the start of the rainy season with the programme re-commencing after that with no additional cost to the JV partners.

Under the Farm-Out agreement completed with APT in October 2020, Aminex is carried for its 25% participating share of the associated field development costs up to US$35 million, equivalent to gross development expenditure of US$140 million.



Charlie Santos, Executive Chairman of Aminex commented:



"We are delighted that the seismic contract has been awarded and that seismic acquisition operations on the ground are scheduled to commence shortly. This award marks an important development for the Ruvuma project. APT has made quick progress completing the procurement process and securing highly competitive acquisition rates that benefit the project with considerable financial savings. The Ntorya gas development is now entering a period of operational activity through the acquisition of 3D seismic and well execution that represent major steps towards monetising this large gas resource into existing infrastructure and an established market in Tanzania. We look forward to updating shareholders on further progress in due course."

That's a first in Tanzania!

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, is delighted to announce that the Ruvuma joint venture - where Scirocco owns a legacy position of 25% - has awarded a seismic acquisition contract to Africa Geophysical Services Limited ("AGS").

The award follows an extensive tendering exercise conducted by ARA Petroleum Tanzania Limited ("APT") for the seismic programme during which the joint venture has been able to take advantage of favourable market conditions securing a Lumpsum contract considerably below the joint venture's expected budget for the activity. AGS intends to commence activities in the Ntorya location from October 2021.

The acquisition will consist of approximately 338 km² of 3D seismic data focusing on the area of primary interest. AGS will mobilise, weather permitting, and focus on the proposed location for the Chikumbi-1 well ("CH-1") to acquire as much data as possible before the start of the rainy season with the programme re-commencing after that with no additional cost to the JV partners.

Tom Reynolds, CEO at Scirocco Energy comments: "The award of the seismic acquisition contract is exciting news and marks an important milestone for the Ruvuma project. Following the recent award of the two year licence extension, the project is now entering a period of operational activity designed to understand the full potential of the development - a key value inflection point. Operator APT has made excellent progress to secure highly competitive seismic acquisition rates, delivering a considerable cost saving to the joint venture. The project is now gathering momentum towards development of a proven gas resource into the established Tanzanian gas market."

The new energy minister is reported to be very investor friendly

The Minister for Energy Hon.
@JMakamba
has just announced that “there will only be ONE Goverment LNG negotiation meeting before the negotiations with the LNG partners
@exxonmobil

@Equinor

@Shell
starts to enable project to start”. This is an excellent news for Tz

https://twitter.com/abdulsamadz/status/1440960861049339904

The new energy minister is reported to be very investor friendly

The Minister for Energy Hon.
@JMakamba
has just announced that “there will only be ONE Goverment LNG negotiation meeting before the negotiations with the LNG partners
@exxonmobil

@Equinor

@Shell
starts to enable project to start”. This is an excellent news for Tz

https://twitter.com/abdulsamadz/status/1440960861049339904

According to the video below they started well testing around the 16th September and clean up was complete so they must have a good idea by now. Not sure how long before they can announce a stabilized flow rate?

https://www.youtube.com/watch?v=IHFQURAdlXA

Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has raised £3 million by way of a placing of 13,636,364 new ordinary shares of 5 pence each ("New Ordinary Shares") at a price of 22 pence per New Ordinary Share (the "Placing").

S.P. Angel Corporate Finance LLP ("SP Angel") acted as Financial Adviser and sole broker on the Placing.



Placing

In light of the excellent performance at Wressle where flow rates in excess of 950 barrels of oil equivalent per day have been achieved, and the potential untapped upside, the Board has decided to continue to focus on its core projects at Wressle, West Newton and Biscathorpe while also progressing its other existing production and appraisal projects. The Placing will be principally applied to upgrade the Wressle producing assets to expand future cashflow generation and to fund the planned side-track well at Biscathorpe.



Use of Proceeds

The Company intends to use the net proceeds of the Placing to:

· expand the oil production facilities at Wressle that has achieved rates from the Ashover Grit reservoir of 884 barrels of oil per day ("bopd") on a significantly restricted choke setting, with high wellhead flowing pressure and with zero water cut;

· progress a gas to power revenue stream at the Wressle project facility;

· drill the planned side-track well on Biscathorpe in 2022, which the Company believes to be one of the UK's largest onshore un-appraised conventional hydrocarbon targets; and

· for project contingency and general working capital.

In making its ongoing commitment to fund its core projects, the Board has decided not to pursue the acquisition of a further 25% interest in the Claymore Piper Complex Royalty Units that was previously disclosed in the Interim Results released on 13 September 2021.

https://www.londonstockexchange.com/news-article/UJO/placing-raising-ps3-million/15145689

@ saint-tropez, more to come on that one and yes quite a crowd ;0)

We are sure hoping for that breakout on the soon to be published well results here.

Thanks and GL

AJ, as someone who has benefited myself from share options I fully understand performance related remuneration. However to suggest that such a high dilution to shareholders which has been paid for via a loan from the company (us shareholders) is fake howles of protest is at the very least disingenuous.

Now if it means 2 wells in production and no placings then maybe not so bad. Personally, I think they are completely taking the p!33 out of us all.