Member Info for Moneymunch

The following is pretty close to Njom-3. Gla :-)

OML-99: TotalEnergies, in Port Harcourt, says oil starts to gush at Ikike offshore platform
...Targets 50,000 bpd by end of 2022 with low-cost, low-emission achieved

29/7/22

Ikike offshore oil platform which started shortly before Covid-19 pandemic struck has started producing oil to the admiration of TotalEnergies and partners.

TotalEnergies Nigeria Limited which had earlier announced this in Paris (France) has reconfirmed the breakthrough in Port Harcourt, Wednesday, July 27, 2022.

The managing director, Mike Sangster, who announced this at the groundbreaking ceremony for three human capital projects at the Government Technical College in Okujagu section of Port Harcourt, said; “TotalEnergies’ IKIKE project with investment decision in 2019 achieved first oil few days ago. It is very remarkable to highlight that this milestone was achieved without any Lost Time Injury (LTI) or incident.”

IKIKE platform is located off Port Harcourt into the Gulf of Guniea with Cameroon close to it by the right. TotelEnergies experts said the platform with a depth of about 20 meters is tied back to the existing Amenam offshore facilities through a 14 km multiphase pipeline.

“The Ikike project leverages existing facilities to keep costs low, and is designed to minimize greenhouse gas emissions: estimated at less than 4kg CO2e/boe, they will contribute to reducing the average carbon intensity of TotalEnergies’ upstream portfolio. In addition, 95percent of hours were worked locally: the jacket as well as the topside modules were entirely built and integrated by local contractors.

“TotalEnergies is pleased to start production at Ikike, which was launched a few months before the Covid-19 pandemic, and whose success owes a lot to the full mobilization of the teams.

“By tapping discoveries close to existing facilities, this project fits the Company’s strategy of focusing on low-cost and low-emission oil projects,” said Henri-Max Ndong-Nzue, Senior Vice President Africa, Exploration and Production at TotalEnergies.

The fact that the £1.5m placing shares have been hoovered UP in record time, including the obvious conclusion, judging by a significant number of massive trades, that there are several major players who have been accumulating, suggests that it's not just JA who is extremely confident of a successful conclusion to JV partner funding and bank loan completion. It looks nailed on and a done deal imho.....News expected before the end of September....Watch this space!!! Gla holders...get ready for a significant re-rate on confirmation. :-)))

NJOM-3 is an appraisal well, in a proven oil producing oil basin , where oil flowed at previously drilled NJOM-1 & 2 from a known reservoir. Oilfield International reckon NJOM-3 has a 90% chance of success, which pretty incredible odds for any small cap explorer!!! Gla :-)

Initial Development Plans

Phase 1

Tower plans to drill four wells from a single location into the Njonji-1, 2 and South Fault Blocks in 2020-2021, with the first, Njonji Marine #3 on Njonji 1 Fault Block.

In our view there is a 90% chance that this well will be commercially successful.

One well into the Njoni South Block will be deepened to explore for oil in the PS3 reservoir, a potentially major upside that could influence the development plan and immediately reclassify some Prospective Resources as Reserves, subject to meeting the usual criteria at that time.

Ongoing activity all day at the Trident, several days now, including the Soteria offshore supply ship that had paid a couple of visits a few weeks back. Gla holders....News fast approaching imho. ;-)

Continued significant activity at the Trident Vlll drilling platform, which must indicate that it's being prepared for its next contract, and so news on its planned destination imminent imho....if it's for Tower at NJOM-3, then get ready for a sudden and significant re-rate. Gla holders....Excitement building!!! :-)

https://www.marinetraffic.com/en/ais/home/centerx:8.4/centery:4.6/zoom:11

Finding more hydrocarbons with better seismic

Monday, August 8, 2022

With Russian gas being taken off the market, the world is looking for ways to find more hydrocarbons and get it into production. Neil Hodgson suggested ways that this can be done with modern seismic data.

.........................

Crossing the Atlantic to offshore Namibia, the Venus discovery, recently made by Total, is also very big, about 3bn barrels of light oil. Its 'next door neighbour' Graff is also a large discovery. Although it is in 3000m water depths, the benefits of the hydrocarbons outweigh concerns about the complexity.

'A lot of revenue from that will go to the government of Namibia. They will be able to do really great things for the people of Namibia.'

On the modern seismic, you can pick out the source rock, which is feeding oil up to the two reservoirs which make up the Graf discovery.

'I was still being told there wasn't a source rock south of Walvis Ridge until half way through last year,' he said. (The Walvis Ridge is an ocean ridge which hits land near the North Coast of Namibia / border with Angola).

'Now it's proven and it's generating enough oil to charge this 3bn barrel prospect Venus.'

If South Africa wishes to develop oil production, it has 'the possibility of this play extending to South Africa.'

'There will be plenty of other discoveries in Namibia on the back of this.'

To drill in 3000m water depth was unimaginable about 15 years ago; in 2012, the world's deepest well was 3100m offshore India, he said. By 2016, the record was the 3400m Raya well (Uruguay) drilled by Total. By the end of 2021, Total made a new record, the 3628m Ondjaba Well offshore Angola. So, the trend is clear.

The largest prospects may be under over 4000m of water - which we may be comfortable drilling by 2026, he said.

The geological knowledge from West Africa can also be used to explore on the East Coast of South America, around Uruguay, southern Brazil and Northern Argentina. Seismic lines from both sides can be fitted together.

'We see exactly the same geology, the same Aptian source rock, the same basin floor fans stacked on top of them,' he said.

So, the Venus discovery has also 'opened up the South American play'.

https://www.digitalenergyjournal.com/n/Finding_more_hydrocarbons_with_better_seismic/e2a9d6fa.aspx

Cheers hopefulpatience, the Rio del Rey basin lies in shallow waters, between 8m and 48m. The location of the Trident , which is warm stacked awaiting its next contract , is already pretty close to the NJOM-3 well site, which is located between Malabo and the Trident's position. They also plan to drill to a minimum Target Depth of 1100m, and so operations could happen quite quickly when JA gets the go ahead. Gl :-)

A swarm of offshore supply, tugs and crew vessels around the Trident all day, which presumably suggests the drilling platform is being prepared for its next contract. Gla :-)

https://www.marinetraffic.com/en/ais/home/centerx:8.406/centery:4.618/zoom:12

Near term it's going to be bigger than Namibia. Totalenergies are submitting plans to SA government next month for development and production of two world class gas discoveries Luiperd and Brulpadda which will transformSA'senergysecurity, both of which straddle Tower's highly prospective acerage...Totalenergies are planning to spend $3 billion on development with first gas expected early as 2025....the green light will be massive news for Tower and will be the catalyst for a JV to show their hand.....very likely Totalenergies imho....Gla holders...excitement building on several fronts...Fill ya Boots!!! :-)

Tower, looking encouraging for a bounce back to 0.28p

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-august-8-2472868/

9 Vessel's in attendance at the Trident!!! Gla :-)

9/5/22

Tower is also pleased to announce that it expects to complete shortly a letter of intent (LOI) with Shelf Drilling to cover the drilling and testing of the NJOM-3 well in the fourth quarter of 2022, using the Shelf Drilling Trident VIII jack-up drilling unit. The terms of the draft LOI are confidential, but in line with market levels and the Company's current budget for the well.

There's a crew boat at the Trident and 3 or 4 Vessel's including an offshore supply ship heading for the Trident...news from JA could be close. Gla :-)

https://www.marinetraffic.com/en/ais/home/shipid:752652/zoom:14

Lol....keep up you dumbo.....:-)

The moon is not round

From our planet's vantage point, the moon appears to be a perfectly round sphere — but it's actually egg-shaped. The moon's oval shape is a consequence of the ongoing gravitational tug-of-war between it and Earth, according to NASA.13 Nov 2015

Orbits: Earth

Category: Natural satellite

https://www.nydailynews.com › 10-...

10 fascinating facts about the moon - NY Daily News

Boom Time fast approaching....Game changing news at anytime!!! Gla :-)))

Near term, it's bigger than Tower's Namibia multi-billion barrel potential, as Tower's SA acerage straddles two world class gas disoveries that Totalenergies and the SA Government are now pushing forward the their development and production.......a massive near term UPside opportunity for TRP.... Gl ;-)

Project

26 July 2022

Luiperd-Brulpadda Gas Condensate Fields Development, South Africa

The Luiperd-Brulpadda project has the potential to transform the South African oil and gas industry.

The production right application for the project development is expected to be submitted by September 2022 and the final investment decision (FID) is targeted for 2023. First gas from the project is expected to be produced by the end of 2025.

https://www.offshore-technology.com/projects/luiperd-brulpadda-gas-condensate-fields-development-south-africa/

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Another huge trade of many since Tuesday's placing, a 40m late reported buy, which suggests we could have a major institution/ player or two accumulating, and so maybe disclosure of a new major shareholder or two could be in the pipeline. The £1.5m placing has certainly provided the opportunity for any major player, very likely in the know, to accumulate significant volume. Gla :-)

Tower's SA acreage straddles the Algoa and Gamtoos basins on the shelf, and the outboard slope edge of the South Outeniqua Basin, where Total has made its Brulpadda and Luiperd discoveries in its Blocks 11B/12B, which are adjacent to Algoa-Gamtoos to the West.... Massive upside potential opportunity for little old Tower...Gla holders :-)

Benefits of Luiperd-Brulpadda project

South Africa’s indigenous source of natural gas was developed in the 1980s and the Mossgas facility was constructed to beneficiate the gas. The additional requirement of natural gas is currently fulfilled by importing from Mozambique.

The Luiperd-Brulpadda project will reduce South Africa’s reliance on gas imports and serve as an alternative to coal-dominated energy generation. The feedstock from the project will be supplied to PetroSA’s GTL refinery. The refinery is one of the primary revenue generators for PetroSA but has struggled to source the natural gas required to continue its operations and is dependent on expensive condensate imports.

The Luiperd-Brulpadda project will help the refinery in continuing its operations and preventing shutdown. The gas from the project will also be transferred to the state-owned electricity utility Eskom’s 740MW Gourikwa oil-fired power plant through a 90km-long pipeline for power generation, apart from being used in the petrochemicals manufacturing industry.

The discoveries will support in attracting not only new oil and gas companies to the South African oil and gas industry but also investors.

https://www.offshore-technology.com/projects/luiperd-brulpadda-gas-condensate-fields-development-south-africa/

Malcy's Blog

The NJOM well in Cameroon is inching over the line, Chairman Jeremy Asher must think that he and a few loyal shareholders have carried the whole process and when completed as I’m sure it will be it will be a magnificent achievement. 

https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/988969

Lol...needs must, Tower were running on fumes, and JA is now in a strong position with £1.5m cash in the bank to finalise partner funding and bank loan for the Cameroon drill. How high do you think the sp will be when JA confirms deal completion....multiples of current sp imho....Great work indeed!!! Game changing news could also be weeks away on Tower's South African acerage that lies adjacent to Totalenergies huge gas discoveries, where TotalEnergies are now pushing ahead plans for development and production which will transform SA's energy security, dependent on the SA Courts ruling on continued seismic where news is expected imminently . The green light from SA courts will be massive news for Tower, whereby any JV partner, including the possibility it could be TotalEnergies, would be very interested in Tower's SA acerage given it straddles two world class discoveries....news on Namibia also in the pipeline. Fill ya Boots!!! Gla holders....Transformational Upside potential and prospects!!! :-)