Member Info for haggismchaggis1

US Senate approves bill to fight climate change

The US Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections.

After a marathon, 27-hour weekend session of debate and Republican efforts to derail the package, the Senate approved the legislation known as the Inflation Reduction Act by a 51-50 party line vote Vice President Kamala Harris cast the tie-breaking ballot.

The action sends the measure to the House of Representatives for a vote, likely Friday when representatives plan to reconvene briefly during a summer recess. They are expected to pass it, which would then send the bill to the White House for Biden's signature.

Schumer said the legislation contains "the boldest clean energy package in American history" to fight climate change while reducing consumer costs for energy and some medicines.

https://www.gulftoday.ae/news/2022/08/08/us-senate-approves-bill-to-fight-climate-change

PageofCups,

Aye, Mike Rego explains that the oil is pushed up-dip by the high pressure gas, and where are we drilling next, up-dip from NT-2.

Tick up coming, to 0.975p.

Testing quotes:
Buy for 0.99p
Sell for 0.9425p

Now a buy of 996,075 at 0.994 so still on the same trajectory as last week.

Own up! Who's the little Devil that sold 666,666 shares?

Did I tell anyone to buy on the potential that there's oil at CH-1? If you check my posts I never said anything of the sort. What I clearly stated was:

"Many TCF's of Gas will be great, but the oil had to go somewhere, and wherever it is there could be a lot of it...."

That is called POTENTIAL, not any claim of fact that oil will be found. Mike Rego says the oil is there somewhere, and he knows far more about it than all of us put together.

LOL!!

It's looking like the placing overhang has cleared, as nobody selling into the demand.

0.975p to buy
0.923p to sell

From the Ntorya-2 well results RNS:

"Ntorya-2 also encountered traces of oil in the gross reservoir interval and the Company is updating its basin model to determine the optimal drilling depths for Ntorya-3 and for future development wells."

I just KNEW Crustyknob, the Victor Meldrew of AEX would be straight onto this post, he's SO PREDICTABLE and no doubt still trying to talk down the oil potential, despite Mike Rego knowing far more than he will ever know about the oil potential and the reasons for it.

Meanwhile, here's another snippet from AEX pointing to oil potential.

From the NT-1 update:
"Having previously logged oil shows in the Likonde-1 well drilled in 2010, drilling to deeper targets offers the possibility of finding liquid hydrocarbons"

And drilling to deeper targets is EXACTLY what ARA are planning to do at CH-1.

Stick that in your pipe and smoke it Victor Meldrew!

Germany’s Switch to Diesel From Gas Comes at a Cost
Javier Blas
Bloomberg

https://energiesnet.com/germanys-switch-to-diesel-from-gas-comes-at-a-cost-javier-blas-bloomberg/

Things could sure start getting interesting as we head towards 3D Seismic results and then drilling.

Who remembers that the oil is believed to have moved up-dip, from the basin to onshore? Who remembers we chased this oil at Likonde and had oil shows, and looked again for it further up-dip at Ntorya where we also had oil shows? And now we are drilling even further up-dip at Chikumbi.

Many TCF's of Gas will be great, but the oil had to go somewhere, and wherever it is there could be a lot of it....

January 05 2010
"Likonde is an onshore prospect, meaning drill costs are lower and while it may be a relatively small scale project for Tullow, it is an entirely new exploration region for the company. The target is located on the Ruvuma licence and is reckoned to have the potential to hold 500 million barrels of oil in place, with estimates of recoverable reserves in excess of 150 million barrels of oil."

https://www.independent.ie/business/irish/aminex-shares-boost-as-tullow-begins-drilling-in-tanzania-26620232.html

Finding East & Southern African Oil & Gas conference in London. 2017.

Mike Rego: “The oil is out there, we just have to improve how we look for it"

Neil Ritson: "“Black oil was seen on the cuttings [at the NT-2 well in Tanzania] – now what we will make of that in the next few months to years, I don’t know"

https://www.rigzone.com/news/oil_gas/a/148862/industry_consultant_theres_still_oil_to_find_in_east_africa/

(Now we will have 3D Seismic to work with!)

Mike Rego presentation, well worth watching.

Scroll down to 'All Video Presentations from Mike Rego' and click on the link there

https://www.findingpetroleum.com/biography/Mike-Rego/c7fce48d.aspx

Mike Rego did another presentation in November 2020. He still believes the oil is there, and he knows far more about the science of Africa oil and gas than anyone else I reckon.

https://www.geoexpro.com/articles/2020/11/underexplored-african-source-rocks

Mace Dragados JV (MDjv)

"MDjv, supported by its principal sub-contractors Cementation Skanska, Careys and JGL, brought forward innovations to improve the environmental credentials of the works. Redesigning the tunnel to lower the carbon impact during construction – through reduced material and water use, a reduction in vehicle movements, and a lower energy consumption – resulted in an overall carbon saving of 140 tonnes, while efforts to reuse material already on site resulted in over 1,000 fewer lorry movements and an associated saving of 76 tonnes carbon dioxide from vehicle emissions."

https://mediacentre.hs2.org.uk/news/euston-gets-hs2-ready-creating-a-new-tunnel-for-london-underground-infrastructure

And soon AFC Fuel Cell Power!!

Tanz,

Pipeline.

"Aminex Plc’s AGM presentation in May 2022 anticipates “first gas” for the Ntorya development by the end of 2024 and targeted production of 140 MMcfd (million cubic feet per day) - a significant increase when compared to existing national production (128 MMcfd in 2020). It also highlights the importance of existing infrastructure (including the 36 inch gas pipeline from Mtwara to Dar es Salaam with the capacity to transport 784 MMcfd) and planned infrastructure (in particular, the pipeline from Dar es Salaam to Mombasa)."

https://www.pwc.co.tz/press-room/why-tanzania-why-now.html

And the CH-1 plan before ARA took over:

"Upon success at Ntorya 3 the company envisages an Early Production System (EPS) at the well and some remediation work at Ntorya 1 and Ntorya 2 with pipeline to Madimba gas plant."

"According to io’s report a gas development project at Ntorya could be viable with three wells Ntorya 1, Ntorya 2 and Ntorya 3 producing into a raw-gas pipeline to the Madimba gas plant, approximately 33 km away."

https://www.oilnewskenya.com/ntorya-3-ready-spud-h2-2018-ntorya-field-declared-commercial/

And this:

"Mtwara–Dar es Salaam Natural Gas Pipeline"

"The main pipeline from Madimba in Mtwara Region, to Dar es Salaam, measures 36 inches (91 cm) in diameter. At Somanga, in Lindi Region the main pipeline is joined by a smaller 24 inches (61 cm) pipeline delivering natural gas from Songo Songo Island. Both processing plants, one in Madimba and the other in Songo Songo are two trains (processing units) each and together are capable of processing 350,000,000 cubic feet (9,910,896 m3) of natural gas every 24 hours.[2]"

https://en.wikipedia.org/wiki/Mtwara%E2%80%93Dar_es_Salaam_Natural_Gas_Pipeline

DoN,

Absolutely!

Let's get MSC commercial supplies up and running first. Don't try and rush Mexico, let them have the 18 months to either sort thier act out or fail miserably. If they sort it out then by that time QFI should be running profitably, so any issues with PEMEX not paying our bills won't send us into administration or huge dilution.

Either way, shipping it a longer term thing, as there's more to consider than just chucking a Fuel Cell and Ammonia Cracker on a ship, such as Ammonia Bunkering (bulk fuel supply at ports) infrastructure, approvals from the IMO and Insurance companies, etc.

But ultimately it's ARA that are the operator and if they decide they don't need an EPS then partners just have to deal with it.

AEX raised funds to keep itself fully in. SCIR didn't raise funds and now look to lose out.

Not long to go to find out, with 3D results over CH-1 before the end of August, that is just 17 trading days or less.

3-D advantages

What is the attraction of 3-D? Why do you want a 3-D survey rather than a (less expensive) grid of 2-D seismic lines? A 3-D seismic survey has many advantages over a 2-D line or a grid of 2-D lines—even a dense one. (A 2-D grid is considered dense if the line spacing is less than about 1/4 mile [1,320 ft; 400 m].) The advantages of 3-D include the following:

True structural dip (2-D may give apparent dip)
More and better stratigraphic information
Map view of reservoir properties
Much better areal mapping of fault patterns and connections and delineation of reservoir blocks
Better lateral resolution (2-D suffers from a cross-line smearing, or Fresnel zone, problem)

https://wiki.aapg.org/3-D_seismic_data:_the_data_cube

Two things stand out on that list that could really boost the resources estimate for CH-1.

The first is to show the true volume of traps in a 3D view, instead of likely just one or two lines of 2D view that current estimates have been based on.

The second is "Much better areal mapping of fault patterns and connections and delineation of reservoir blocks". Where 3D will show if what are seen as separate traps in 2D could actually be connected and thus boost the available gas at the CH-1 well.