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Some work for Compass and they are now starting to stir.
From my understanding they are looking to reopen army camps they manage in early June.
I’ve worked for them for over 10 years.
They are a money churning machine all over the globe and I’m expecting a big bounce as they come out of slumber.
I bought in earlier today and happy to wait long term to see them double from here.
Dunder- There is a huge difference between the grades of Barite that can be purchased.
Check it out on the net.
It was not just the rig!
There are different qualities of Barite that is used to control high pressures.
Aex will have used a cheap nasty barite and the reason for having to mud up so much.
I really dont think ARA will follow suit.
Better rig, better drillers and certainly top grades of Barite for controlling pressures.
We will soon find out and yes I’m expecting great results from CH1.
NT2 in reality was a gusher until they had to mud up to control. 40/50 scuffs.
Don’t think they will re-enter as barite is a bastard to remove.
Sink a new well close by.
Massive potential and can’t wait for seismic to be completed.
Yes the wait is nearly over Chris.
I’m hearing positive things but let’s just wait and see.
The ship is about to sail and the long suffering Aex fans should be handsomely rewarded.
It’s a funny old game but we have been here before waiting for an age for nt1 gsa ect.
They don’t do anything quickly as we know but they get there in the end.
Tanz need to start moving as they need lots of gas over the coming years.
I have a feeling we are going to get multi drills in quick time once they break ground.
GL
Potentially, it’s worth a lot more than 2p
Funded until production is a huge bonus too so reduces risk.
And what will they find in C1 And for that matter across the rest of their acerage?
Tanz is a hot bed for gas and I’m happy to keep adding shares.
Have any Schematics of the CH1 drill been posted yet?
I’m expecting ARA to pull out all the stops on this one unlike NT2.
This next drill is the one I signed up for so fingers crossed.
Never hit oil on the mainland in Tanz.
This could be the one where the oil has migrated up dip of NT2 which did have oil shows in the cuttings.
GL
Yes I’m sure there will be no expense spared and as long as they can deal with the high pressures there should be some great scuffs added to the bottom line.
Very interested to see what they do with NT2.
They may just sink another well close by.
Hi Sambo, Only just saw your post.
Aex have been busy behind the scenes.
It’s going to be a very interesting 12/18 months.
GL
Because they want you to sell John.
On the prize.
Lots of gas and more to come
Are we there yet;0)
Rumblings afoot
Is a virtue!
Although I did think it would land before now.
Still holding ready for it to pop
Hi FJ- He’s not in Tanz now he’s in Chad.
No information to report.
Just waiting for Tanz to sign the Liscence.
Sambo- All I’ve heard is that ARA have finished their talks with Tanz ref issues they had put forward.
I’m sure it will be our turn very soon for L update.
Aex are apparently sourcing long lead items.
I get the feeling that ara are going to throw everything at this with full backing from Tanz.
CH1/TN2/Spur
If it all comes together over the next 12 months aex are going to have a lot of income.
Now when NT2 was being done I got told it was going to be an absolute gusher until they had to mudd up.
I originally came in to this for NT3 after some info from a friend.
Exciting times are finally around the corner and I now have a very good holding.
Regards
Peeky, What about if they plan to sort out the spur pronto?
There’s a squeak NT2 may be re-entered
Hearing business is complete with Tanz Govt
Expect L anytime.
30 mill shares gone to?;0)
If I was ARA I would be looking to take out aex before C1 drill.
Sambo- Good drilling teams never sit idle and the same can be said of drilling rigs.
But ARA seem to have this in hand.
Hi Sambo- Hope your well.
I think your comments are good for the chosen months.
If ARA get the green light I think they will do everything in their power to break ground before year end should Tanzania need them to but this next drill is crucial and will be difficult from the off so I don’t expect ARA to take any chances.
If they are not 100% satisfied with any part of the set up or team they want to mobilise they will push it back.
A lot of money at stake.