Member Info for haggismchaggis1

Lots of talk of oil potential at CH-1 over on https://twitter.com/shafaq39

It's not my page, I don't do twitter, it just came up in a Google search just now.

Lots of talk of oil potential at CH-1 over on https://twitter.com/shafaq39

It's not my page, I don't do twitter, it just came up in a Google search just now.

Check out the 3D Seismic tracks, they grew between 5 August and 10 August. The maps are covered in cloud since then, so we can't see what's changed since 10th, but work was still ongoing on 10th.

5th, look at the block of lines on the right:
https://tinyurl.com/AEX5Aug

10th, compare to this:
https://tinyurl.com/AEX10Aug

Good that ARA did the 3D around CH-1 first, so they can ensure the well will be drilled on schedule, and we will know all about it before the end of August, they say.

Volume looking great, now 26,766,558.

Looking forward to the 3D results (despite how some repeatedly try to talk those down, it could easily be a trigger for another rise).

53% in one month on no big news, contrary to the repetitive claims some make on here that the price would not rise without the result of the drilling LOL!!

'consultancy services'

"We recommend a solution of Fuel Cells running on Green Ammonia/Methanol/Hydrogen"

Could turn out to be a very good link through to AFC.

Competition until you take into account the much higher CAPEX and OPEX of the PPS system. It has to use 99.999% purity Hydrogen and is PEM. So in a competitive tender it easily loses to an AFC system fed with lower grade Hydrogen, Ammonia or Methanol.

"National Grid has appointed international construction and consultancy company, Mace, to its Design & Project Services Framework for the next four years."

"Mace's appointment to the 'Project Services' lot will see the company provide consultancy services to support the delivery of National Grid's projects and programmes."

https://www.construction.co.uk/construction-news/288534/mace-appointed-to-national-grid-framework

Looks like that was leaked last week, as PPS shot up whilst the peer group all fell back.

"Mace to deliver redevelopment of prestigious Stonecutter Court"

"Reducing carbon will be a key priority for Mace on the project, with a net zero carbon delivery strategy in place to reduce emissions from site energy and water use, embodied carbon, as well as transport and waste. The project is targeting a BREEAM Excellent rating and WELL Gold standard upon completion."

"Ged Simmonds, MD Commercial Offices & Residential at Mace, said: “This is a fantastic win for Mace, and I am proud that we have been appointed as construction partners by our new clients CO-RE on such an ambitious development. Sustainability is one of our biggest drivers and we have a strong track record in delivering sustainable office buildings that set new standards in carbon reduction.”

https://specificationonline.co.uk/articles/2022-08-18/mace/mace-to-deliver-redevelopment-of-prestigious-stonecutter-court

tvrandyshep.

AB did say (it was either at the AGM or on a video interview) that AFC had been approached by many people wanting a fuel cell system for home, and he said that is not the market we are targeting right now. There is no way AFC at this stage are going to support that. Imagine the support network needed for home users spread across the UK. It's not like buying a Dishwasher where there's loads of companies nearby that already offer maintenance and repair.

With the big companies AFC are working with, for outright purchases their own staff will be trained to maintain the systems at the first/second level, and AFC staff would be second/third level. For leased systems, staff will still be trained on basic maintenance and troubleshooting as part of end user operating procedures, and AFC will then fully support the systems under a paid maintenance contract.

Clueless basher must think everyone is thick.

A few percent down does not affect the rounded bottom. The price will often bounce off the rounded bottom line, just as it did on the way down (wow, who'd have thought!!). To negatively affect continuation of the rounded pattern, the price would have to drop considerably and not recover in the following few days, but I do not see any chance of that happening as w head towards 3D results and then drilling CH-1.

Clueless basher must think everyone is thick.

A few percent down does not affect the rounded bottom. The price will often bounce off the rounded bottom line, just as it did on the way down (wow, who'd have thought!!). To negatively affect continuation of the rounded pattern, the price would have to drop considerably and not recover in the following few days, but I do not see any chance of that happening as w head towards 3D results and then drilling CH-1.

NM,

I'd have thought that whomever is skilled enough to be analysing the 3D data would be able to do that, it could possibly be produced by of one of the algorithms in the Supercomputer they are using to analyse the 3D data. When you get to that level of knowledge and computing power, the only need for independent verification is for audit purposes, which can be done later on. They may not spend time and money doing independent verification until the well is drilled and that data is in the bag.

Or 5p?

Or 10p?

Something I'd put a small wager on, like a bet on the outsider in the Grand National, is that APT make a tiny mention of possibly targeting oil. I can't see why they wouldn't especially as we are drilling up-dip from Ntorya 1+2 and Likonde 1 which all had oil shows, and the oil would have migrated up-dip from those.

On top of that the Jurassic is completely untested in this area, so why not target oil, as there is no proof it is a Gas system in that area, it could thus be either. In Africa in general there have been oil shows in the Jurassic, take a look at the file on the link below, page 3, Figure 4, lower Jurassic, read the text around that image.

https://mdoil.co.uk/pdfs/HGSPESGB09_East_Africa.pdf

Re: 3D Results

My bets are on a resource increase for CH-1 from both targets, based on the greater accuracy of 3D over 2D, and much tighter grid this time than ever before in AEX history.

From old AEX news:
"RPS Energy Consultants has independently assigned the Albian aged Ntorya Gas Field a mean un-risked GIIP (Gas Initially in Place) of 1.87 TCF, with total combined gross 2C Resources of 763 BCF, and has additionally assigned 936 BCF of 2U Resources (previously equivalent to 'Best Estimate' Prospective Resource) to the Jurassic aged Chikumbi prospect."
https://www.energy-pedia.com/news/tanzania/aminex-provides-update-on-tanzania-operations-175454

From recent WEN news:
"The Chikumbi-1 well aims to confirm 2C resources of 763 Bscf."
https://www.investegate.co.uk/wentworth-resources/rns/proposed-acquisition/202206130700075639O/

So currently with 2D we have:
763 BCF + 936 BCF

With 3D I could see both of these figure increasing, possibly by as much as another 30% each just due to the greater accuracy and insight of the tight grid 3D over the not so tight 2D.

Pointless talking to that troll, he makes it up as he goes along, bluffing his way through trading, and as with all those that bluff their way through life, he can never remember all the garbage he's spouted. You'll get more investing sense talking to a lump of granite.

Chart showing the Rounded Bottom Pattern, as per the link below.

https://ibb.co/zVpxMg9

https://www.investopedia.com/terms/r/roundingbottom.asp

Moving up again. Up 16.7% now. Leaky leaky??