Member Info for Drewky

Whatever or whoever has the right to this ( Fungeo PT ? ) it is a forward looking move

Tanzania to start assembling smartphones, computers, power banks & home appliances in a new plant due to start producing in 3 months time. http://www.thecitizen.co.tz/News/Tanzania-to-start-assembling-smartphones--home-/1840340-4830180-hkwe9iz/index.html

Another piece of the industrialisation jigsaw needed gas to power

Thanks for the late night research Hex Environmental study for both Songosongo and Mnazi bay 3D. They do want this gas don't they :0))

Would go down well with your haggis

Not worth getting on the wing for some of the scrawny worms cp

One trade so far at 8:01 no effect on the SP

An hour later still no more trades and they drop the sp?

An hour further on and still no more trades.

What would the justification be for dropping it in the first place? Will we ever understand how they work?

Bring on that RNS. Let's get this party started Licence. EGM. Farm-out. Spud CH1 Drill. Kiliwani Remediation & 3D Seismic.

Just trying to get a feel for the picture if we were both let of the leash at the same time but thanks I appreciate it's a length of string sort of question

Should read Qtr1 2020

That's what we're all waiting for Pete that bingo call.

In comparison to Aminex aiming for production Qtr1 based on CH1 and pipeline installation not counting the possibility of 3 to 4 drills mentioned for next year we are talking 14 to 17 months. How long would you anticipate it to take for both Orca and wrl to bring theirs up to full production with regards to the workovers etc required by them?

As your man said there is nobody out there that can touch us offshore for at least 8 years so there is ample there for all three companies to make good. I don't know the issues for Orca or what their maximum supply potential is but as he again stated in the video the supply and demand situation would also push up the price of gas.

We know the fairly near term as 2020/21 they are going to need 300mmscfd but with the huge population explosion predicted, both in Tanzania and across the continent, that demand is going to be astronomical in the future.

Now is the time to be investing in Africa as a whole imo. There are risks in a challenging place of course but the predicted growth is enormous.

Thanks HY around twelve minutes it shows Aminex a little bit of green production wise and points out none at the moment which is true and a point we are well aware of. A good sales pitch for wrl I'm sure, but Tanzania need much, much more than wrl can currently produce so the "Huge demand Tsunami coming of additional domestic Gas" comment from Katherine and in his summing up at 2m 5secs that they can Potentially achieve 130mcfd is not only good for them but excellent news for Aminex because somebody has to find a further 170mcfd and there is no one on the horizon that can do that other than the Aminex JV

Well the demand news has is being grasped elswhere. More than enough for all companies to prosper. Katherine Roe from WRL is saying "Huge demand Tsunami coming of additional domestic #Gas"

@ 2min 20secs https://www.proactiveinvestors.co.uk/companies/stocktube/11018/wentworth-resources-restructure-allows-easier-execution-of-growth-opportunities--11018.html You can't stop the tide of demand!

What page would you like me to start? ;0))

Part 7

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obligations in respect of the Block or Blocks comprising the geological feature (as outlined by the relevant seismic data) in which the discovery is located.

(p) Where pursuant to sub-article (o) of this Article, Contractor has surrendered its rights and been relieved of its obligations in respect of any Block or Blocks in which the discovery is located, notwithstanding that the said Block or Blocks continue to be subject to the Exploration Licence referred to in sub-article (b) of Article 3, the said Block or Blocks shall not for the purpose of this Agreement, constitute part of the Contract Area.

(q) The Contractor shall not perform any Petroleum Operations with reference to the proposed Development prior to approval of the Development Plan upon granting of the Development Licence, save where the Minister has granted an express permission to enter into specific activities.

(r) The Contractor shall, together with the Development Plan accompanying the application for the Development License, submit evidence that the Contractor has undertaken a prior social and environmental impact assessment study relevant for the proposed Development and a copy of the social and environmental impact assessments study. In addition, the Contractor shall submit the necessary environmental authorisations pursuant to the Law

(s) Any deviations or alterations to the Development Plan or significant alterations to the Development facilities shall require the prior written approval of the Minister. The Contractor shall promptly notify the Minister and TPDC of any significant deviation from the assumptions and preconditions on which the Development Licence with the Development Plan has been submitted or approved. The Ministers may propose changes or modifications to the Development Plan.

(t) The Minister may set conditions for approval of the Development Licence as accompanied with the Development Plan, including that Petroleum shall be transported in specified transportation systems and shall be landed at specific locations.

Full 120 Page PDF Document TPDC Model Production Share Agreement

Part 6

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(k) When an application for a Development Licence inrespect of a Location is made in accordance with the Act then, unless the Contractor is In Default at the time of such application, within sixty (60) days the Minister shall grant pursuant to Section 37(1)(a) of the Act, on such conditions as are necessary for theDevelopment Licence.

(l) The Development Licence so granted pursuant to Section 37(1)(a) of theAct, shall, be infull satisfaction of the requirements of Section 40(1) and (2)of the Act, incorporate by reference the obligations of the Contractor as set out in Article 18 (“Lifting, Marketing and Domestic Supply Obligation”) of the PSA.The provisions of Article 18 of the PSA shall apply to both Crude Oil and Natural Gas.

In circumstances where the Parties determine to undertake the gas commercialization project in accordance with the terms and conditions set out in this Agreement, the Contractor in consultation with TPDC shall, in respect of the domestic market obligation and Section 40(2) of the Act, employ a suitably qualified international independent consultant(s) to prepare a reserve assessment report to determine the:

(i) Proven and certified gas reserves in the Block (“ProvenReserves”); (ii) The minimum amount of gas required for a gas commercialization project; and (iii) The amount of Proven Reserves that are to be dedicated for the domestic market.

Following receipt of such report, the consultant shall notify the Contractor and TPDC in writing of the Proven Reserves that are to be dedicated for supply to the gas commercialization project from the Block (the“AccessibleProvenReserves”) and the amount of Proven Reserves that are to be dedicated for the domestic market (the "Domestic Market Quantity").

(m) Contractor shall respectively provide TPDC with at least 90 days prior written notice before dedicating to a third party available capacity in the Pipeline or Gas Processing Plant that would have the effect of reducing or excluding TPDC’s ability to transport and process all or any portion of the daily maximum quantity volume through the Pipeline and the Gas Processing Plant. TPDC will consider the effect of such an action to the domestic daily maximum deliverable volume prior to approval.

(n) Natural Gas for the Domestic Market Quantity and Natural Gas for the Accessible Proven Reserves for the gas commercialization project shall be lifted at the Delivery Point proportionately, subject to normal operational requirements, it being understood that lifting shall be consistent with the Natural Gas lifting schedule for the gas commercialization project and domestic market and shall take into account the delivery obligations of both the gas commercialization project and domestic market.

(o) If Contractor informs TPDC that in its opinion the discovery is not of potential commercial interest then the Contractor shall surrender forthwith its rights and be relieved of its

Part 5

(l) an assessment and presentation of the possible outlets for Natural Gas from the discovery in question, both on the local market and for export, together with an evaluation of the necessary means for its marketing, with due consideration to the sale and marketing of the Government’s Profit Gas;

(m) a development schedule;

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(n) a long term production schedule;

(o) a description of technical solutions including possible solutions for enhanced recovery of petroleum;

(p) solutions aimed at efficient use of energy, and the prevention and minimisation of environmentally harmful discharges, flaring and emissions;

(q) a method for disposal and use of associated gas where applicable;

(r) information on systems for ensuring compliance, including information on the planning, organization and implementation of the development;

(s) information on operation and maintenance;

(t) a financing plan for the development;

(u) a description of fiscal metering systems;

(v) Petroleum marketing plan;

(w) a health and safety compliance system and plan;

(x) an emergency preparedness and environmental risk management plan;

(y) information on site-clean up, abandonment, decommissioning and disposal of facilities; a decommissioning plan in such detail as the Minister requires, including a calculation of the decommissioning costs, the annual amount in the decommissioning fund, and the proposal for financing of the decommissioning obligation;

(z) information on any applications for permits and licenses required pursuant to applicable legislation in connection with Petroleum Operations related to the Development Plan;

(aa) a local content compliance system and plan including an employment and recruitment programme and a technology and know-how transfer plan;

(bb)a security management system and plan for protection against deliberate attack; and

(cc) any other matter which the Minister may direct to be included in the Development Plan

(v) TPDC may within ninety (90) days of receipt of the Contractor's Development Programme, make proposals or amendments on the Contractor's Development programme to the extent that the Development programme meet the requirements of Section 36 of the Act;

Part 4

C. where the Technical Expert determines that the discovery is of Present Interest and the Contractor disagrees with such determination, then the Contractor shall relinquish said discovery comprising the geological feature (as outlined by the relevant seismic data in which the discovery is located; or

D. where the Technical Expert determines that the discovery is still of Eventual Interest, the Contractor may retain the discovery for the remainder of the Exploration Term.

(i) Where the Contractor has relinquished a discovery pursuant to sub article (h) (C) of this Article and TPDC decides to appraise and develop such discovery, the Parties will meet and discuss in good faith the development of said discovery such that it does not impact the exploration, appraisal and development of the remainder of the Contract Area.

(j) Where, Contractor (a) pursuant to sub article (a) of this Article, has informed TPDC that, in its opinion the discovery is of present commercial interest, or (b) pursuant to sub article (h)(B) of this Article the Contractor agrees with the determination of the Technical Expert

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that the discovery is of present commercial interest, Contractor shall:

(i) Within one hundred and eighty (180) days after the declaration of commerciality pursuant to sub-article (j), draw up a proposal for a Development Plan in consultation with TPDC which shall accompany the application for a Development Licence per the requirements of Section 35(1) of the Act (ii)

(iii) be designed to ensure the recovery of the maximum quantity of Petroleum from the proposed Development Area which the economics of the Development shall justify and it shall be designed in compliance with best international petroleum industry practices;

(iv) contain detailed information on matters of economic, financial, geological, reserves, technical, operational, health, safety and environment in accordance to Section 36 of the Act, including:

(a) a description of development strategy and concept;

(b) an economic assessment of the different development methods, estimated investments , operational costs and selection criteria;

(c) a plan covering the total development to the extent possible where the development is proposed in two or more phases;

(d) an assessment of capacities of facilities;

(e) assessment of possibilities for tie-ins, third party access and unitization;

(f) area studies for the possibility of co-ordination of Petroleum Operations;

(g) proposed drilling and well completion plans;

(h) geological parameters and reservoir engineering methodology;

(i) facilities for production, storage, transportation and delivery of Petroleum;

(j) information on facilities for utilisation or processing of Petroleum;

(k) the relevant Delivery Point(s);

Part 3

(f) Within ninety (90) days from the date on which the said Appraisal Programme related to the discovery is completed, the Contractor shall prepare and submit to TPDC a report containing the results of the Appraisal Programme for consideration by the Advisory Committee. The Appraisal Programme report shall include all available technical and economic data relevant to a determination of commerciality, including but not limited to, geological and geophysical conditions, such as structural configuration, physical properties and the extent of reservoir rocks, areas, thickness and depth of pay zones, pressure, volume and temperature analysis of the reservoir fluids; preliminary estimates of Crude Oil and Natural Gas reserves; recovery drive characteristics; anticipated production performance per reservoir and per well; fluid characteristics, including gravity, sulphur percentage, sediment and water percentage and

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refinery assay pattern. The report shall also include, technical and economic feasibility studies relating to processing and transport of petroleum from the Location.

(g) If the results of Contractor's re-assessment determine that the discovery has become of Present Interest, the provisions of sub articles (k), to (o) of this Article shall apply.

(h) If, upon the expiry of three (3) years in the case of Crude Oil and four (4) years in the case of Natural Gas from the date of notification that the discovery is of Eventual Interest, the results of Contractor's reassessment determine that the discovery is still of Eventual Interest and TPDC does not agree with such determination, TPDC may, at any time prior to the expiry of the three (3) years for the case of Crude Oil and four (4) years for the case of Natural Gas dispute the results of the Contractor's reassessment. If TPDC and the Contractor cannot resolve such dispute within sixty (60) days of the date on which TPDC informed the Contractor of its opinion, then the matter shall be referred to the Technical Expert and the Technical Expert shall determine whether the discovery is of (a) Present Interest; or (b) Eventual Interest. Determination of the commerciality of the discovery shall be carried out within one hundred and eighty (180) days. The Technical Expert shall notify TPDC and the Contractor of its findings and:

A. wheretheTechnicalExpertdeterminesthatthediscoveryisnolongerofpotentialcomm ercialinterestthe provisions of sub-article (o) and (p) of this Article shall apply;

B. where the Technical Expert determines that the discovery is of Present Interest and the Contractor agrees with such determination, the provisions of sub-articles (j) to (l) of this Article shall apply;

Part 2
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days, the Contractor shall be deemed to have surrendered the discovery to TPDC.

(vii) within one hundred and eighty (180) days from the date of such discovery submit to the TPDC the Appraisal Programme and budget for the determination of the Advisory Committee to meet the requirements of Section 34 of the Act.

(viii) within thirty (30) days following its submission of the Appraisal Program, the Advisory Committee shall convene to discuss and approve the Appraisal Programme;

(ix) where a Location has been declared by the Minister and in accordance to Section 34 of the Act, the Appraisal period shall be within three (3) years in the case of Crude Oil and four (4) years in the case of Natural Gas to ensure that the Appraisal Programme can be carried out and the results thereof assessed to enable an application to be made by TPDC for a Development Licence within the same period.

(b) Contractor shall conduct the approved Appraisal Programme immediately after being granted a Location.

(c) Contractor shall reassess and inform TPDC and the Minister in accordance to Section 34(3) of the Act the commerciality of the discovery every one (1) year from the date of notification that the discovery is of Eventual Interest based on the same economic criteria as set out in Article 9(a)(iv)(a); in case of further discoveries that could be tied and developed together in order to make economies of scale.

(d) During the conduct of the Appraisal Programme, the Contractor shall provide TPDC with all information enabling it to make a detailed examination of the data relating to the discovery so as to make an ongoing assessment in full understanding of the facts as to whether or not the discovery is likely to be capable of being commercially exploited. This information shall be provided promptly but in any case no more than thirty (30) days prior to the expiry of each year during the execution of the Appraisal Programme.

(e) If the results of Contractor's Appraisal Programme determine that the discovery is no longer of potential commercial interest, the provisions of sub article (j) and (p) of this Article shall apply.