Member Info for feelinlucky

drilling shallow but successful wells is just what oil and gas explorers do. They limit their expense and risk by not drilling deeper. They get to go back later to reassess the wells once they have proved up their acreage through several successful drills and maybe get one or two wells producing. It's fairly standard practice.

I wouldn't mind if they came back from the current drill to say they want to deepen ALL the other wells :-)

do you take fluff down the back of the sofa? all cash available (including old buttons) currently invested while I wait for a ship (Aoka Mizu) to finish sea trials before leaving it's dock in Dubai, make it through straits of Hormuz (politics permitting), and on to Shetland to plug into a (hopefully very well strapped-down) floating buoy (weather permitting), for first oil to flow-test. Advantages are: well already drilled, about to flow oil and cash, BP let slip they are interested in buying as the HUR company staff know about fractured-basement oil plays (oil between layers of granite) which is the 'new thing' in the north sea, three more wells early next year.......as for SAVP, waiting on a well due in any day now testing a deeper oil play which could prove up a large structure. The company is also in the process of concluding a deal which will acquire a pipeline for it's gas providing access for 40 TCF of gas to be sold from Niger through Nigeria (which is extremely business-friendly) and significantly up the value of the company. The deal will conclude before the end of the year. The CEO gets on with drill after drill and communicates well, the sp graph is going UP, Tullow veteran executives were eyeing up the company to buy it two years ago but missed their chance to raise the cash then, charting works for it, it gets charting analysis by Zak Mir...........ok yes, its bb is a bit boring!

got your message on SAVP bb......they are VERY serious and boring over there so Jackson and Buster would go down like lead balloon!........there is life over on the HUR bb though with a lot of Scottish sense of humour I'm pleased to say, all the best to yous-lot heere :-)

surely that if this well finds the deeper oil then they would go back to Amdigh to deepen it to further confirm the link?

https://allafrica.com/stories/201810010585.html/ people need to watch this carefully, why were the Tanzanian govt so calm about apparently missing the deadline? and they were keen to end the agreement.....so how was deadline missed needs explaining. Shell Tanzania, Pavillion and Ophir are subject to whatever the outcomes are... but could it signal a general attitude re. all gas producers? anyway, there is clearly some tough negotiation on the cards and that deal with Netherlands/ending it clearly has been playing a role in the delays re. contracts for oilies imo

thanks for the tip......new on here! :-)

.....is he related to Jackson? (this may take some explaining on this bb)

I don't know about Buster, but thought I'd look in here anyway to see how Mouse is getting on. Not in this one at mo but will watch. I moved out of AEX recently due to high political risk until Host Government agreement is secured. I believe there is a high chance of govt nationalising/grabbing the gas, so not prepared to risk it there. Currently in HUR and SAVP (great prospects but bb's rather dull.... so missing Mousey's banter)

What's brown , steams and comes out of cows backwards?..............the Isle of Wight ferry ;-))

if it comes in then sp chart movement predictions could be blown out of the water.....remember chartists don't take into consideration fundamental sp movers

some two days ago and more today...like the deal, like the well due, like Zak Mir's chart breakout and sp target, like the pipeline aquisition and second pipeline plan, like the acreage, like the countries and governance, like the fact that Tullow veteran executives were interested in this company, like the rising oil markets, like that it's a top pick on Malcy's Bucket List....a lot to like!

if anyone knows...when Aoka Mizu gets here will it be able to start working in between the rough winter weather? or would staffing and operation thereof only be in spring? I assume HUR are very keen to start the well asap. Would AM need a large staffing over summer time / would there be a small team of staff full-time employed?

New on here. Can anyone tell me the current location of the Aoka Mizu and what's happening with it at the moment. thanks

https://resourcegovernance.org/sites/default/files/documents/uncertain-potential-managing-tanzania-gas-revenues.pdf/

I'm not trusting Magufuli's agenda and his references to his hero Mwalimu Julius Nyerere's 'Arusha Declaration' he wants to revive. It might be ok but it seems a rather backward style of vision coming out of Magufuli. His recent statements about how he wants prisoners mis-treated, and the assassination attempt on the life of an opposition leader about a year ago (ironic!) aren't endearing him to this investor. There is a lot of harshness around him that bothers me.The lack of renewal of gas contracts for this long is also bothering me. I may be back later if he goes/ is pushed or if there's some really positive news on the Aminex front

been defections of politicians from the opposition to CCM lately....probably to help get the numbers up in order to facilitate his removal? Support from those with deep pockets? it looks promising

https://allafrica.com/stories/201809200110.html/ Tanzania: Anti-corruption Crusade Endears Tanzania to International Investors

For me it shows Tanzania still wants to encourage investment. It cites in particular the Gas conference next week. It maintains the LNG plant is still on the cards. Magufuli's loose cannon outburst re. not building LNG but exporting to neighbouring countries and building an expensive dam instead of electricity from gas have been quashed by the other politicians it would seem? I get the feeling they think he's 'looking tired' ahead of elections in 2020 and he's been coming out with rather daft things lately. He has indeed been undemocratic and tyrannical and the opposition is getting vociferous about it. The CCM politicians know they will have to oust him and get international investment to keep their position strong when they ease up on the opposition. It will have to be 'investment, investment investment!' Don't be surprised if he gets replaced

the conference Jay is attending is where they'll discuss and analyse what policies the crazy Tanzanian govt has formulated, while the 'CTG' (my new ref to said 'crazy Tanz govt')....decide what they want without any reference to what's going on in reality because a) they have their conference first and b) they aren't at the second conference and c) even if they did attend second conference, the conferences would be in the wrong order timewise d) they haven't got a time-machine ......it's like going round in circles.... SLOWLY!!!!

Thanks GL! very interesting get together of all the important movers and shakers......no one from Tanzanian Govt. though. There seems to be a 'disconnect' between the businesses getting on with the upstream side (at this conference) and Tanzanian authorities who are attending their conference in Dar on Monday and Tuesday next week...