Member Info for haggismchaggis1

No capital injection required yet, as advised by the company. Capital injection after Morocco trials and Utah MMU sale, also after the latest fuel test results, and quite possibly after meaningful news on the MSC trial, possibly after other news too. Share price will be a lot higher before any fund raising.

Latest clear images of MSC Leandra, one from 18/04 one from 26/04 for comparison.

https://ibb.co/855qB74

Guitarman,

Ok, thanks.

IAV have had a good look at the 100kW and have the test results, so maybe that has got them interested instead then.

BG,

Not sure AEX have anything up their sleeve for Nyuni, as they said in 2022:

"Nyuni Area
More than two years have passed since Aminex first notified the Ministry of Energy to move into the Second Exploration Period ("SEP") of the Nyuni Area PSA. Despite a number of exchanges with the Tanzanian authorities, the terms for entry into the SEP have not been agreed. Throughout, Aminex has sought an industry partner to progress a work programme on Nyuni with no success. Accordingly, the Company has opened discussions with the Tanzanian authorities regarding the return of the licence to the Ministry of Energy."

So well over 2 years searching for a farm out partner with no luck.

Maybe APT or Orca could be interested, but APT farmed into Ruvuma on 11 July 2018 and were in discussion with AEX on farm in long before that, but haven't show any interest in Nyuni in 5 years, including the two years AEX stepped up looking for a farm in partner and must surely have offered it to APT.

The only reason AEX are looking for a farm in partner is because the Tanz Gov't have asked AEX to do that.

"The Tanzanian authorities requested that we continue efforts to secure a farm-in partner over the next year, to which we have agreed."

I'd say with Orca working the shallow water zone and doing 3D Seismic over Kiliwani for nowt, they they are the prime candidate to farm in, it's their bag.

Someone thought David McBride could be this chap:

https://www.linkedin.com/in/david-mcbride-0582a45/

The position shown by the new line through Lobe 3 would be hitting around 5 times the thickness (the yellow bit) of the gas bearing zone that the NT-2 well hit.

NT-2 "Limited test flow rates with a 40/64” choke produced ‘dry, high quality gas’ at an average stable rate of 17 million cubic feet per day, or 2,833 barrels of oil equivalent per day."

5 times NT-2 would be 85 mmscfd using a 40/64” choke.

With no choke it would be 136 mmscfd.

Looks like I could be spot on with CH-1a.

My image uploaded on 16/04/2023 (reuploaded today but if you look back to posts from 16/04 you'll find it somewhere, as it does not expire for 6 months). Note where I chose to drill CH-1a.

https://ibb.co/fHXbWgV

Now comparing the old Seismic and new Seismic images. I adjusted the new one such that the measuring scale bar was the same size. On checking, the two lines for NT-1 and NT-2 turned out to match at this scale. I then combined the two images and drew the upward red arrow from the third line on the new Seismic image onto the old one. Low and behold it almost lines up with where I had chosen to place CH-1a!!

https://ibb.co/7RpR7XF

Just noticed a typo in the total value, obviously it should be a comma not a decimal point.

GBP777,630.84 worth of TOM stock at todays BID price

Something to make it a great weekend!

"The carry, equivalent to US$140 million of gross field expenditure, is expected to see the Company through to potentially significant gas production volumes with commensurate revenues."

David McBride
03 August 2020 21,550,000 3.2 percent
30 November 2020 23,750,000 1.6 percent
03 October 2022 55,900,000 3.2 percent
28 April 2023 90,900,000 4.05 percent

Matthew Jones
06 February 2023 154,062,579 6.86 percent
28 April 2023 165,685,565 7.38 percent

Keith Ingram
28 April 2023 67,427,283 3.0 percent

Between them they now own:
324,012,848 shares
14.43 percent
GBP777.630.84 worth of TOM stock at todays BID price

This could blow on Tuesday Captain! Especially with a satisfactory deal concluded RNS.

Klunk,

Funded for that long yes, however, I'd say that doesn't define how long it should take, as they should be doing everything to try and get it finished ASAP within the funding window.

But this is University we are talking about and things can move slowly with multiple projects on the go, significant deep analysis, lots of parties (LOL!), covid lockdowns, etc, so if it takes that long at least they have the funding for that.

Interestingly there are a few grants involved in this part of AEM development including ours:

This research has been funded by EPSRC grants EP/M014371/1, EP/M022749/1, EP/R044163/1, and EP/T009233/1 along with EU Project SELECTCO2 (grant agreement 851441).

https://iopscience.iop.org/article/10.1149/MA2022-02431611mtgabs

BB3,

"Nothing to do with VW" does not mean it has nothing to do with any of the other vehicle manufacturer OEM's that ABB and IAV both collaborate with, does it?

Trip is what's keeping ScumSeanceTroll's ears apart.

Maybe, as Orca (via PanAfrican Energy Tanzania) are interested in Kiliwani, they might be interested in Nyuni as well?

"Nyuni Area PSA
In April 2022, we commenced a process with the relevant authorities in Tanzania to return the licence, given our belief that although the Nyuni Area acreage offers upside exploration potential to complement the development projects at Ntorya and Kiliwani North, the significant risks of exploration and the lack of a farm-out partner was far too much risk for a company of our size. The Tanzanian authorities requested that we continue efforts to secure a farm-in partner over the next year, to which we have agreed."

I said the CH-1a well would likely move to the right as it would then intersect the same trap that NT-1 and NT-1 penetrated. The following makes me confident that they have indeed targeted that same trap, as it is being drilled as a producer, no exploration activities involved. The existing location that was designed to test the trap further up-dip and just get a small bit of the lower trap, so exploration combined with production, but the Government want guaranteed gas, so just drill the known gas trap in the best location to get the maximum paydirt.

"Entering into a rig contract to drill, test and complete the Chikumbi-1 well ("CH-1") as a gas producer"
"Following the processing of 3D seismic data, an optimal well location has been determined for the CH-1 well"

With the acquisition of 3D seismic data completed in November 2022 and the culmination of seismic data processing in March 2023, we now have an optimal well location for CH-1 grounded in significant 3D seismic data. We anticipate the spudding of CH-1, and a workover of the Ntorya-1 well ("NT-1") later this year. We also expect a completed well-test of the Ntorya-2 well ("NT-2") soon, providing information that will facilitate the construction of a 35-kilometre pipeline to the Madimba gas processing facility by the Government of Tanzania. The full 3D seismic results will be available by mid-2023 and will permit a thorough revision of the gas reserve and resource potential for the field later in the year. Finally, we expect to sign a Gas Sales Agreement and obtain a Development Licence for the Ntorya Area, securing the long-term development of Ruvuma imminently.



2023 will be a watershed year for the development of Ruvuma with the completion of the 3D seismic survey, the monetising of this extensive gas resource through production into existing infrastructure and transportation to an established power and industrial market in Tanzania. Since acquiring operatorship, APT has continued demonstrating focused determination, technical prowess, and a total commitment to the project.

• The operator of the Ruvuma PSA, ARA Petroleum Tanzania Limited ("APT") continues to progress operations at the Ntorya field, with the following planned for 2023:

o Two-week well testing programme on NT-2, utilising a mobile testing unit, principally to sample the gas and establish an accurate measurement of the gas composition, required for the design of in-field processing facilities and the export pipeline to the Madimba Gas Plant

o Conclusion of negotiations and execution of a Gas Sales Agreement

o Finalisation of terms for the construction of (i) an export pipeline from Ntorya to the Madimba Gas Plant to accommodate gas by October 2023; and (ii) in-field gas gathering and processing facilities

o Entering into a rig contract to (i) drill, test and complete the Chikumbi-1 well ("CH-1") as a gas producer; and (ii) workover and recomplete the NT-1 well as a gas producer

o Following the processing of 3D seismic data, an optimal well location has been determined for the CH-1 well

Juelich is H2, could still be as there's plenty of time for that

Interim Results RNS
"However, Juelich has advised due to further delays with regards the civils of the project mean they will be unable to take possession until the H2 2023"

That doesn't explain it at all.

ABB have a state of the art factory in Italy where it should have been tested.

There are no links visible on the internet between ABB and IAV. Zero pages linking them in any way. Zero on each others websites linking them with the other.

I still believe the 100kW was tested there so that other interested parties, clients of both ABB and IAV could see the test results.

Both companies work with the same major vehicle OEM's, one of them owns 50% of IAV.