Member Info for Drewky

Will answer in the morning

Of course there are risks but that applies to crossing the road. I asked you for links to negatives that haven't been superceded by positive news but instead it appears you are still hanging on with fingernails to the past and you are also stating blatent lies to build up your negative front. KW is undergoing repairs NOW Investment is flying into the country NT3 delayed. Who's denying that but to say it's a bigger risk with a farmout is a shockingly poor joke. Come back when you have something substantial

Yep that's the day the teddy bears have their picnic :0))

Reuters 40 minutes ago - A passenger ferry in Tanzania’s Lake Victoria has sunk and rescue operations are underway, Tanzanian authorities said on Thursday.

Tanzania’s Electrical, Mechanical and Services Agency, which operates ferry services, said the boat, known as MV Nyerere, sank on Thursday. It was unclear how many people were on the boat.

Let's hope all survived

Hex, have you some negative information that hasn't been superseded by positive information? If so, please provide link so we can all see that it is not just some bashers opinion. I'd be more than happy to see it

FL thanks for the link but I see nothing in it relating your political remarks. The fact is it seem foreign investors are queuing up to invest in the country and while he is attracting growth and providing for the people I really can't see the people pushing him out! Of course like all countries the opposition are making lots of noise but it is not shown in that article in fact I would say the article is full of praise of his crusade.

"The congress would be a testimony of a growing trust between the government and the private sector for public and private sector collaboration in economic activities"

"The Minister for Energy, Medard Kalemani is expected to outline the vision for Tanzania industrialisation to be powered by oil and gas and highlight investment opportunities and the latest project developments in the sector"

Check the year Willow! 1997 is 21 year old information

SADC nations developing plan to allow gas imports from Tanzania, Mozambique & Namibia

Just askin...

Perforation

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

Completing a well

https://www.youtube.com/watch?v=iXdq65xzsus

A two minute job? Nope!

So if gas can flow from that point and as they said the reservoir has fully recharged we should be generating income for a few weeks while they do the testing prior to the reperforating.

Buses! Did someone say buses? Will 800 running on natural gas be of any use to you cp? Oh! Did you know they are also pushing to build filling stations across the country and promoting a fuel change to the public for a 30 to 50% saving on fuel costs

https://allafrica.com/stories/201809200082.html

TPDC was in process of building the main gas distribution centre at the UDSM that will serve the entire city.
"We plan to use fuel filling petrol stations to distribute natural gas. This means motorist will be refill at any nearby petrol station," he said, noting that they have already struck a deal with Camel and Oilcom.
The deputy minister for Energy, Ms Subira Mgalu, pleaded with the TPDC to speed up the process of building the stations

The first of two electrified rail lines is underway with tracks being laid...

The line will host a passenger train and a cargo train that will have the capacity to transport 10,000 tonnes of freight at once, and create over one million jobs upon completion in 2019.

According to SGR Project Manager, Eng Maizo Mgedzi from Dar es Salaam to Makutupora, 86,000 tonnes of rail were needed.

Out of which 36,000 would cover a railway line from Dar es Salaam to Morogoro and the remaining 50,000 would cover another line from Morogoro Region to Makutopora station in Dodoma Region.

Expressing optimism for the progress of the project, the SGR Project Manager further revealed that the government had already opened tender for procurement of freight wagons and locomotives of the envisaged high speed electric train.

On other SGR infrastructure including electricity, Eng Mgedzi said the entire system would be incorporated in the national grid, adding that 160 megawatts of electricity were needed to operate the electric train

https://allafrica.com/stories/201809200114.html

ONE MILLION JOBS - That is some industrialisation plan and another 160mega watts required for the railway alone!

Wonder where the gas will be coming from to power all this? Aminex currently in pole position with CH1 drill and spur to Mdimba gas plant planned for 2019 while competition is at full capacity and have no plans to drill in next few years

Expected end this month

Positive - Kiliwani Valve change completion with further perforation of lower level expected by Christmas https://www.youtube.com/watch?v=QQhhGwR4TZo

Negative - 1/2 yearly Financials (No surprises - Lack of Kiliwani income already priced in and fully expected) Any income from Kiliwani will be a bonus

Positive - EGM announcement

Move to Gas Economy dominates at Africa Oil and Power conference

https://www.youtube.com/watch?v=G-r42OPRGDE

This the one? Or would you like one of all the recent investments piling into the country?

4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C

io commercialisation study est. $143m spend to recover 3/4 tcf based on current gas price, $3.27/mcf is worth $25m to $35m cashflow per annum to Aminex from 2020 to 2049” "Fully covered"

FARM OUT - APT committed to spending up to $110milion on the full field development of the Ruvuma project which includes a committed spending of $40million to Aminex. $5m cash & balance $35million paid as full carry up to 40MMscf/d at which point any unspent remainder will be paid in cash from gas profits.

APT to acquire 50% of the Ruvuma project with Aminex retaining 25%. Solo Oil hold remaining 25%

“APT will establish an early production system to achieve an accelerated first gas to a MINIMUM gross rate of 40MMscf/d by Qtr1 2020” representing full carry to minimum $10 to $12m p.a. cashflow “Not revenue – Free Cash”

"Much more expected! Not worth building a 30Km pipeline for just 40MMscf/d"

Adding the Solo share of costs $35m gives $140m total potential spend & brings full carry to profitability as per “io” projections

"Any further spending will be self-generated"

**“Chikumbi-1 well pad is complete - planning to drill this year” RIG TENDERING COMPLETE

“Multiple Targets - Gas - Oil at the lower level - Oil shows found down dip at previous drill”

“Planned around same time” APT will acquire 3D seismic data over 200km2 to optimise drilling targets

Based on results of CH1 and 3D seismic APT will build a 33km pipeline to Mdimba gas plant to allow for maximum gas delivery “planned for 2019”

“Q1 2020 Monetisation to coincide with demand call”

“Plan” Drill CH1 alongside 3D & back with further 3 to 4 drills (possibly 2019)

Full field development is projected to 140mmcfd by mid 2020’s

**KILIWANI REMEDIATION WORK UNDERWAY - FURTHER PERFORATION OF LOWER LEVEL EXPECTED COMPLETE BY CHRISTMAS https://www.youtube.com/watch?v=QQhhGwR4TZo

**Aim to bring drill ready target at Kiliwani South via 3D Seismic 2019 combining Nyuni licences to save costs & provide better Data Quality & Use.

Competitors running maximum capacity & demand forecast to outstrip supply 2019

**TPDC AGREEMENT SIGNED FOR PIPELINE CONSTRUCTION TO UGANDA (Aminex in pole position to supply)

**Pensions funds invest 20% more in Tanzanian business one year sparking further demand

**SADC nations agreed to develop plan to allow gas imports from Tanzania, Mozambique & Namibia

Malcy Comments “Bucket list status assured” "It's in the bucket, it's for a good reason. The value of this asset is high!"

Everything in this list has been produced in good faith & to the best of my knowledge is factually correct & has been published or stated verbally by management with regards to time schedules etc. DYOR https://aminexunofficial.blogspot.com/

Yep 17 to 18 days incubation :0))

Nope but all the fuss the bashers made and shouted how nobody would ever invest in Tanzania has been disproven with the newsflow in just the last week! Acacia news today shows something more and as for their sp suffering so much, I'd say that half of that is due to panic sales and people talking it down just as they have here. There are far too many people trying to screw others in this business and that's one little part of the game that's been put to bed this week here for Aminex. It has now been proven investment in the country is flowing and in fact getting stronger :0))

Considering the meal that was made of their issues last year all seems to have been sorted :0))

Tanzania: Acacia to Relocate Core Functions to Tanzania Next Year

https://allafrica.com/stories/201809190657.html

Power Demand Keeps Coming

ATI, Marsh offer $95 million bank surety for Tanzania rail project

Marsh, a global player in insurance broking and risk management solutions, has provided a $95 million innovative bank surety solution to Yapı Merkezi Construction and Industry Inc., to support the construction of a new high-speed electric railway line in Tanzania.

The solution was structured in collaboration with the African Trade Insurance Agency (ATI), a multilateral pan-African investment insurer, and is backed by ATI’s treaty reinsurers (led by Munich Re) and a consortium of facultative reinsurers Trust Re (lead facultative reinsurer), BarentsRe, AfricaRe, and ZepRe.

Yapı Merkezi was awarded the contract to design and build the new $1.25 billion, 300km (including 95km sidings/passing loops), high-speed electric railway line by Tanzanian state-run railway firm RAHCO: Reli Assets Holding Company (currently TRC: Tanzania Railways Corporation).

The line from Dar es Salaam to Morogoro will replace the century-old track and will have the capacity to transport 17 million tonnes of cargo each year.

To help enable Yapı Merkezi to comply with project requirements to use local Tanzanian banks, Marsh’s Global Bank Surety Syndication team, headed by Manuel López, structured an innovative solution that guarantees Yapı Merkezi’s contractual performance-related obligations and the repayment of advance payments.

“Collaborating with Marsh enables us to keep focused on one of our main priorities: to pave the way for increased investments into ATI’s African member countries. Frequently these inroads can only be made with innovative solutions, which this project embodies.ATI has mobilized investments well in excess of US$1 billion into Tanzania in recent years. Marsh was instrumental in helping us close this deal, thus supporting additional investments into the country and ultimately delivering critical new infrastructure to the people of Tanzania,”

https://africabusinesscommunities.com/news/ati-marsh-offer-$95-million-bank-surety-for-tanzania-rail-project/