Member Info for PageofCups

Just voted Reform, as are all my family, friends and neighbours are doing.

Watch if you've not seen it.

https://www.youtube.com/watch?v=h9XUip3akeU

Vote for common sense. Vote for Reform.

The 2018 CPR is being updated and confirmed to me by Robert Ambrose.

29 February 2024

RPS has been engaged to undertake a revision of their 2018 CPR to support the initial Field Development Plan. The study is likely to focus on a much narrower area of the reservoir, surrounding the two existing wells and CH-1 location that will be targeted for initial production, with the aim of defining preliminary 1P and 2P reserve estimates. These reserve estimates are expected to increase substantially as phased development and project maturation progresses in light of the results of the newly reported APT interpretation studies.

RPS have been engaged.

29 February 2024

RPS has been engaged to undertake a revision of their 2018 CPR to support the initial Field Development Plan. The study is likely to focus on a much narrower area of the reservoir, surrounding the two existing wells and CH-1 location that will be targeted for initial production, with the aim of defining preliminary 1P and 2P reserve estimates. These reserve estimates are expected to increase substantially as phased development and project maturation progresses in light of the results of the newly reported APT interpretation studies.

The CPR is being produced. It's a very valuable report that gives ARA and it's stakeholders a valuation of the Ruvuma asset that gives future access to capital funding options.

When I spoke to Robert Ambrose I was told the rig is selected and contracts are being executed and timings are for Q4 drilling. Also, they need to enter NT2 and sample the gas for the surface facilities spec and pipeline. This needs to be done before the pipeline begins construction to ensure the pipe lining can be specified.

Pretty clear from the AGM that the work schedule is being finalised. Expect an update anytime.

The 3D model looks amazing. Rammed with high pressure gas and thick reservoirs. Those Jurassic post rift fan leads and ravine plays look very good. Likonde 1 intercepted the edge of the Jurassic and had oil shows.

Statement in presentation.

Ruvuma 3D seismic – the phenomenal potential

I'm laughing at these sells at 1.5p now have to pay 1.6+p

In fact, more buys than sells so this will move up again.

Sellers presenting buying opp. Pretty clear an update is coming on the sign off for the work programme.

Those present at the AGM buying.

Buy this dip..the sign off for the plans and work will come pretty quickly to meet the TPDC deadline of mid 2025 for first gas.

Good to see the spur pipeline tender for construction will be issued soon and construction begin for completion in 12 months. So they only have 12 months to drill CH-1 workover NT1 and re-enter NT2. The 18 months began beginning of this year and they clearly state that the ops will be completed in time for the spur pipeline. Expect the work programme will be signed off shortly and shareholders updated.

Time to buy. Only 2 weeks to confirmation of production permit and a copper JV in the works.

Great result fro the survey. The additional larger WH3 target in the valley under the sediments looks very strong and huge. Free dig material and easy to get at. No doubt a partner will be liking this huge copper deposit.