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I am thinking..
c. 2 - 3.5p pre drill + seismic etc...but post farm.
3.5 - 5p post farm + drill + seismic
But worst case 1.3p is ok if they hurry up!
Tanzania launches 240 MW power plant in bid to ease shortages
The natural gas-powered Kinyerezi II plant, which began operating on Tuesday, was built on the outskirts of Tanzania's commercial capital Dar es Salaam by Japan-based Sumitomo Corp using combined-cycle technology for 798 billion shillings ($353.72 million).
REUTERS April 06, 2018, 07:23 IST
New Delhi: Tanzania launched a power plant this week with a capacity of 240 megawatts (MW), part of a plan to end chronic energy shortages in East Africa's third-biggest economy.
The natural gas-powered Kinyerezi II plant, which began operating on Tuesday, was built on the outskirts of Tanzania's commercial capital Dar es Salaam by Japan-based Sumitomo Corp using combined-cycle technology for 798 billion shillings ($353.72 million).
Eighty-five percent of the cost was covered through a loan from a Japanese bank, a Tanzanian presidency statement said.
It did not name the bank but Tanzanian newspapers said Sumitomo Mitsui Banking Corporation had provided the loan.
"We expect to complete two more projects here in Kinyerezi, which will also employ natural gas and generate 600 megawatts," Energy Minister Medard Kalemani said, according to a statement posted on the website of TPDC, the national oil company.
The government aims to source more of Tanzania's electricity from natural gas above the current 50 percent, authorities say.
Tanzania boasts reserves of over 57 trillion cubic feet (tcf) of natural gas, but faces periodic power shortages as it relies on hydro-power dams in a drought-prone region for about a third of its 1,570 megawatts of installed capacity.
Last year President John Magufuli said the country needed to invest $46.2 billion over the next 20 years to revamp its ageing energy infrastructure and meet soaring electricity demand.
Investors have long complained the lack of reliable power hurts business there.
Tanzania plans to boost power generation capacity from around 1,500 MW currently to 5,000 MW over the next three years, according to the country's energy ministry.
It is aiming to launch construction of a $2 billion hydroelectric plant at Stiegler's Gorge in July that will produce 2,100 MW upon completion in three years time.
The government is working on two more projects in Tanzania's south that would generate 620 MW on completion, Kalemani said.
TPDC said it plans to help unlock more natural gas both for power generation for homes and businesses and for distribution directly to industries for use as a source of energy. ($1 = 2,256.0000 Tanzanian shillings (Reporting by Omar Mohammed with additional reporting by Fumbuka Ng'wanakilala Editing by Aaron Maasho and Mark Heinrich)
Sultan Al Ghaithi
Chief Executive Officer - ARA Petroleum
Sultan Al Ghaithi holds a bachelor’s degree in mechanical engineering and master’s degree in industrial engineering. With over 19 years in the Exploration and Production sector, he has accumulated a wealth of operational and managerial experience. Sultan began his career with Petroleum Development Oman where he started as a Well Engineer. He then moved to Weatherford International in the role of Country and Area Manager in Oman, Qatar, Bahrain and Yemen. Today, Sultan utilises his extensive experience to lead Ara Petroleum LLC as Chief Executive Officer. He is also responsible for two subsidiary E&P companies operating in Oman and serves as a board member of Aminex Plc in London.
...https://arapetroleum.com/who-we-are/who-we-are-and-what-we-do/
Internationally, ARA Petroleum is dedicating its resources to finding high potential plays that can benefit from focussed expert attention. East Africa is key to ARA’s long-term strategy and short-term tactical plan; solid relationships built with our stakeholders, both governmental and private, will deliver value to the countries in which we operate, ARA’s shareholders and team.
ARA’s primary strategy is to concentrate on projects where hydrocarbons have already been found but where uncertainty in volumes or production strategy persist. ARA’s in-house expertise aims to deliver results in a financially and socially responsible manner accounting for the various needs of all stakeholders.
;)
What is a reasonable valuation if/when granted the farm out?
Is it priced in?
As Tanz is in the commonwealth investment may be encouraged post Brexit.
The new frontier?
000.https://www.google.co.uk/amp/s/energy.economictimes.indiatimes.com/amp/news/oil-and-gas/total-secures-14-9-bn-to-finance-mozambique-gas-project/77028949
Total secures $14.9 bn to finance Mozambique gas project
As Africa's biggest financing agreement to date, it includes loans from eight export credit agencies, 19 commercial bank facilities and a loan from the African Development Bank
Johannesburg: French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.
The funding was secured for a $23 billion (20.1 billion euros) liquefied natural gas (LNG) project in the northern Cabo Delgado province, near the border with Tanzania.
As Africa's biggest financing agreement to date, it includes loans from eight export credit agencies, 19 commercial bank facilities and a loan from the African Development Bank.
"The signing of this large-scale project financing, less than one year after Total assumed the role of operator of Mozambique LNG, represents a significant achievement and a major milestone for the project," Total Chief Financial Officer Jean-Pierre Sbraire said in a statement on Friday.
"It demonstrates the confidence placed by the financial institutions in the long-term future of LNG in Mozambique."
The agreement was signed despite uncertainties caused by the coronavirus pandemic and militant attacks on nearby villages.
Cabo Delgado has been grappling with a jihadist insurgency since 2017 that has killed more than 1,000 people and complicated Mozambique's plans to develop its offshore gas reserves.
Earlier this month, gunmen ambushed and killed eight employees of a private construction firm working on the LNG project development.
Although the attack occurred around 50 kilometres (30 miles) from the Total LNG site in Palma, the company has said it would not be deterred by the unrest.
Meanwhile, nearly 100 Total employees tested positive for coronavirus last month, forcing the partial shutdown of the site for two months as 5,000 workers went into quarantine.
Tanzanian president orders investment body to cut red tape
Tanzanian President John Magufuli on Thursday ordered newly appointed executive director of the state-run investment body to cut red tape in facilitating investors wishing to do business in the east African nation.
Speaking shortly after he had sworn in officials he appointed recently in various senior posts, including the executive director of the Tanzania Investment Center (TIC) Madehu Kazi, Magufuli said that “you should not delay investors.”
President Magufuli appointed Kazi, a former senior official with the Bank of Tanzania, on July 12.
“You did an excellent job at the central bank. Now I am tasking you to hasten facilitation of investors wishing to invest in the country,” said the head of state in an event televised live by state-run Tanzania Broadcasting Corporation from Chamwino State House in the capital Dodoma.
“Investors are bringing opportunities in the country, including employment. If they need land, allocate them. We have vast chunks of land lying idle in the country,” he said at the swearing-in ceremony also attended by Vice-President Samia Suluhu Hassan and the Chief of Defence Forces, General Venance Mabeyo.
The focus now should be on improving the speed of economic growth, Magufuli said.
"(Though I do have one concern post Farm-Out and that is that once APT are the Ntorya Operator, will the TPDC even recognise AEX and Kiliwani as priorities - they could - I stress could -both become totally sidelined)"
Almost as if it would make sense to buyout or merge Aminex...?
What is the next prize after the farm out completion? Would you wait for the drill? Or sell on news Crusty? ??
Seismic? ??
I can sell all of my shares @ 0.825 (quite a few) but can only buy a very small amount...