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ยท 3d seismic improves ntorya gas field volumetrics and reveals enormous wider potential
ยท operator's geomodelling significantly increases ntorya giip to 3.45 tcf
ยท 3d seismic reveals considerable upside for mtwara licence with total unrisked giip of 16.38 tcf
aminex, the oil and gas exploration and development company focused on tanzania, is pleased to announce that the interpretation of the recently acquired 338 km2 3d seismic dataset over the ruvuma psa has improved the in-place volumetrics for the ntorya gas discovery and revealed a significantly higher resource potential in the wider licence area than previously identified on the existing sp**** 2d database.
the interpretation of the 3d seismic has been completed by the ruvuma psa operator, ara petroleum tanzania (apt). seismic inversion geomodelling, undertaken in collaboration with ikon geoscience, has defined a high confidence area with a revised in-place volumetric estimate for the ntorya gas discovery. a most-likely (approximating to p50) estimate of 3.45 trillion cubic feet (tcf) of gas initially in place (giip) is now believed to be potentially connected to the reservoir sandstones encountered in the ntorya-1 (nt-1) and ntorya-2 (nt-2) discovery wells. this revised ntorya volume represents a substantial increase to the published p50 giip of 1.64 tcf estimated by rps energy (rps) in their february 2018 competent person's report (cpr).
furthermore, the new 3d seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. this provides for potential additional prospective gas volumes associated with the cretaceous age sand units tested in nt-1 and nt-2 (units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (unit 3), to be tested by the forthcoming chikumbi-1 (ch-1) appraisal well later in the year. an upside aggregated giip volume for the ntorya accumulation based on a success case in multiple stacked sands at ch-1, is estimated by apt to be up to 7.95 tcf (approximated to a mean unrisked p10 giip).
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 3d dataset has also revealed, for the first time, considerable undrilled exploration potential within the broader licence area. multiple undrilled structural and stratigraphic plays spanning a range of geological intervals are estimated by apt to contain a total pmean unrisked giip potential of 8.43 tcf
Did someone ask earlier "How's it going?" Not too bad is the answer thanks for your concern ๐
I'm told 1.40 just paid by a buyer
Happy talk, keep talkin' happy talk,
Talk about things you'd like to do....
A couple of 500k buys above 1.35 Rellik, who knows. One mans dream is another mans nightmare ๐
Baby Troll still at it ๐ถ๐ผ Today we have two voices of many from one pen.
There really are some warped people that stalk these bulletin boards.
MMs don't want to work today. 1.20 - 1.40 ๐
Baby trolls ๐ถ๐ผ One pen
First class stupid question when you know there is no answer yet. Dear god man. How old are you? Grow up! ๐
That's yet another question you can and should ask at the AGM Rojo because there is no point in asking stupid questions on a bb where you already know that nobody can answer because we haven't yet been told.
Are you really dense enough to believe readers will not see through your continuos line of stupid questions?
Ufufuo. A point on the transport of equipment, I remember Jay stating the roads were hard topped, so it would only be an access lane for CH1 as per the NT1 and N2
The pipeline as you say will be across a variety of terrain.
Ducks lining up? I believe they've been quacking for the last couple of weeks and more are coming.
Quack quack quack ๐ฆ ๐ฆ ๐ฆ
For some strange reason I might take my recent ยฃ2k top up and walk with ยฃ40k at 1p. then again I'll still have plenty to roll with. Fingers crossed all will be good. I expect it to climb over the coming week
One thing you can be sure of is they will not confirm each site until they are ready to do them.
They said at the AGM last year that they have to be careful or someone would build a shed and claim the land.
I'd like to see a hat eating party ๐ฅณ
Email, it us more about the realisation of what we have here. Due to past delays this has gone under the radar and many don't appreciate the size of this field.
Larger than UK reserves must give an indication that this is vastly undervalued as the field development process is due to begin within the next 3 months
Couldn't have put it better myself ๐พ๐พ๐พ ๐
Wait until that RNS drops hopefully on Tuesday and those silly few grabbing their quick 5% this afternoon will be paying dearly, but hey ho, as long as they have their weekend beer money
The largest natural gas fields are the supergiants, which contain more than 850 bcm (30 tcf) of gas, and the world-class giants, which have reserves of roughly 85 to 850 bcm (3 to 30 tcf). Supergiants and world-class giants represent less than 1 percent of the worldโs total known gas fields, but they originally contained, along with associated gas in giant oil fields, approximately 80 percent of the worldโs reserves and produced gas.
That is the kind if company we keep here.
Full article in subscription https://www.britannica.com/science/natural-gas/Location-of-major-gas-fields#ref502437
Tuesday is the regular PR day with the new team over the last few weeks and an RNS confirming the dev licence being issued would not surprise me.
Is that on L2? I'm on phone so 15min delay for me atm. If so perhaps a tick up in the sp coming
Well up went the ask and 1.30 paid. Hopefully will kick on for a nice finish