Member Info for RogerJolly

@Hardnose. Re the terryfying dangers of ChatGPT you mentioned. You were not kidding :( https://fb.watch/isRh8Sba7U/

Considering the bid was .95 yesterday and at time of writing its now 1.10. Hmmm! You are a funny chap RoJo

Thanks CP that's covered that one :)

I believe I read that's been signed off and out to tender recently. I think they said they were now talking with Kenya about a gas pipeline too.

Old news Aimster, things have moved on. If they don't have the money, why would they be recruiting and how would they be making reparation payments. Do keep old boy :)

@Hardnose it appears my recolle tion was right yesterday. It looks like Ufufuo has researched over night as he posted this on Telegram...
Upgrade of the facilities at Madimba was specifically mentioned in the farmout circular...

"The initial intention is to use the existing two exploration/appraisal wells (Ntorya-1 and Ntorya-2) as development wells together with the planned Chikumbi-1 well"..."Ndovu has two development cases. Case A, contains the initial three well development".

"The initial production scheme, Case A, is designed to produce from three wells with flowlines tied to a central manifold. Onward transmission to the Madimba plant is via a 18” line. This is expected to be supplemented by a further eight wells, Case B, to absorb the remaining plant ullage. Flow assurance has been assessed with no significant issues foreseen."

"The scheme consists of a gathering system of flowlines tied back to a central manifold which exports the gas via a 33 km x 18” pipeline to the Madimba gas processing plant which is known to have a current available ullage of approximately 170 MMscf/d.

The Circular did also outline options to increase production beyond that with an expansion of Madimba (I believe it has potential for an additional train) or additional dedicated plant or export...

"RPS is proposing an ‘Intermediate Development Scheme’, Case B, whereby further wells could be drilled to take up much of the remainder of the Madimba plant capacity. It is recognised that the field has further upside potential which would necessitate a future processing plant upgrade (Madimba) or a dedicated processing plant located within the field. Export options would require further examination but there is a possibility of a tie-in to the main 36” trunkline to Dar es Salaam"

RoJo ROFLMAO. I bet you are great fun at a party

Thanks for the translation, with the recruitment going on as you posted earlier it seems the pipeline us running to schedule. That shows me just how keen the government are to get aex gas and as for those adding misleading questions about the gas not being proved, common sense although hard to find these days, should tell them how unlikely it is that a government would spend 70billion shillings without being sure it is there. :) Perhaps an RNS is likely afterall.

Good find Ufufuo, looks like the pipeline all go

That would be nice BG, but I'm really not sure it means anything. I am more curious as to why when we have made a blue gain day along comes a UT that makes it appear a red day. As said, this is not the first time in the recent past.

So there we have it, a false ask uplift. 3 buys appearing as sells then a UT to make it look a downward trend. Cant help but think manipulation. This has happened 2 or 3 times in recent month or two.

Hmmm

Let's hope so Haggis, and I accept what was said, but I just have a nagging feeling that Invictus keeping their Xhalo 202 drill may play a part.
We know already that it affected Helium ones plans and their schedule may well have allowed that drill to come to AEX next.

Of course I'm only putting two and two together and perhaps making five, but if right, both companies are scrambling to get the best drill available first. I'm invested in both, but if that is the case it can't be blamed on management

Well Hardnose, nothing in life is guaranteed, when we step out to cross the road, who knows whether we will get to the other side and drilling is a mechanical process after all. It is therefore important to contract a rig best suited to the task and rather than pick up an old boneshaker, I would prefer to lessen the risks and wait an extra couple of months or so to have the right equipment. As I said, a September drill should still bring first gas home on time.

I do agree the main catalyst would be spudding the new well and so, the sooner the better for all of us. As for the programme of works, if I am correct and without a re reading, that was in the farm out proposal documents we received. I seem to recall it said that the pipeline will be fed by CH1 (possibly still named NT3 at the time) and a reworking of both NT1 and NT2 For further FFD I think it mentioned a larger pipeline may have to be installed down the line. As it took me a long time to read and digest it, I'll leave it to you to check back if you wish.

As Tanzania lures mega investors: "President Samia is expected to launch a major fertiliser factory in Dodoma, which will be producing one million metric tonnes per year, while the country’s demand stands at between 400,000-600,000 metric tonnes annually."

https://dailynews.co.tz/tz-lures-mega-investors/

Thanks for your regular input Hammy, can't wait for the next episode next Wednesday

Is Parma ham time :)

Hi Hardnose not sure what chat GBT is or where that timeline was gained from, but my own enquiries four years ago with a Scottish company indicated around three months depending on terrain. None the less even on the timeline you suggest it would still be ready early 2024 when it is required. My own feeling is it will be completed prior to year end and as follows they plan first sod sometime between June and August.

"Construct a 30 km pipeline to tie the Ntorya gas field into the existing Madimba processing and pumping station in the next six to nine months." This was officially announced back in November and on their government twitter page, they told the world they were discussing terms with landowners, so I hardly think the go ahead can be questioned.

Timing of course is all down to the rig availability IMO and aex are not party to that information until told by the operator.

I, like Ufufuo, feel there will be a short delay because we haven't yet heard of the rig contract. The answer to your question on the length of delay, as you know, is how long is a piece of string. We may or may not get news tomorrow, but again I too am an investor and I don't fret over day traders worries. TBH I've seen enough to be confident that we will spud asap after a rig is confirmed.

When I look at the schedule, we could drill as late as September and still be ready for early 2024, which will still be a year earlier than expected. So I'll not be sweating at this stage.

Interesting Haggis, all this time and I hadn't noticed that. Having just looked at previous presentations that Jurassic target area is significant in size, somewhere between 20 and 25% of the upper levels as shown in the illustrations. Well spotted

The difference between then and now being, they are sitting on 25% of estimated 8.236tcf of gas with an operator paying the first $140million of the FFD costs, a government agreement to build the pipeline to the plant and all aimed to begin that development in the next few months just as soon as the rig is secured. Looks to me like you will soon be rewarded for your long wait :)
PS the 3D seismic results may quite possibly affirm or increase that GIIP which would be even sweeter