News Recap21 Jul 2025 15:48
No major news over the weekend, but on July 17, Aminex released a detailed operations update that marks a clear step into active field delivery
TPDC formally notified ARA that pipeline construction is underway this month, with commissioning expected by July 2026
ARA has submitted a rig tender strategy to PURA to drill Chikumbi‑1 and workover Ntorya‑1, with rig tenders expected by mid‑August 2025
Ntorya‑2 is confirmed as the first well to feed gas once the pipeline is operational
✅ What This Means
Reinforces mobilisation signals we flagged earlier—construction is now public and underway.
Confirms timeline: first gas expected mid‑2026, aligning with our earlier model.
Rig tendering in August signals substantial field activity later this year—potential next big SP catalyst.
🔍 Takeaway for Investors
The Ground breaking event has essentially occurred—no longer hypothetical.
Next catalysts to watch:
Rig tender awards (Aug) → possible +20–30% SP lift.
CH‑1 spud/update → next +30–50% potential.
Pipeline work confirms the roadmap to first gas, reinforcing our previously projected SP drivers.