Member Info for RogerJolly

.

Me too Crusty progress is what most of us want here. I do recall the chatter about Ara having their own rigs but I seen to remember somebody disproving that at the time. Whether they do now or not I wouldn't know. As I said I'm only going on the ministers words and it makes sense to me. If you remeber at the last AGM we established that the long items for Chikumbi were already there as the question was asked about them having a particular rig in mind. I think we will know soon enough now and we know the first phase is to test NT2 in the summer and then organise the plant required to extract and process the gas for the pipeline. Lot's for them to do over the next six months that's for sure and all of it news worthy

I beg your pardon Mr Moi 🥺 Raging at Crusty? Do you not recognise a conversation between two grown ups debating the news before us?

I know the modern trend of the young is to say shut up, or put your fingers in your ears or wear dark glasses or deflect and call people names when somebody disagrees with you but us old gammons can cope with talking to each other.

Its not hard if you try. All you have to do is behave like you would if speaking face to face.

1.24 paid on H/L

Crusty I tend to read what I see and not dismiss it without looking at the logic of it. As you know, Tanzania is a difficult place to hire rigs and equipment because of its remoteness, so it makes perfect sense to purchase a rig that can be used over and over during the FFD. It would prevent relying on others releasing their rigs on time. I was convinced the timing last year was screwed up by Invictus retaining the rig and in Ara's position, I would not want that to happen again. So it makes sense to me to be looking around for that deal. Of course if this is so, you can bet they will have been looking at availability for a long while now and only now can they look to sign contracts. It does not mean nothing has been done during this long wait.

If you fail to plan, you plan to fail. They are not stupid

"Works carried out include completing the interpretation of the 3D system seismic information collected in an area of 334.9 square kilometres and continuing with the preparation of repairs and well tests for the Ntorya 1 and Ntorya 2 wells."

"In addition, the Contractor is continuing with the PURCHASE of the Chikumbi-1 well boring plant."

"Likewise, the Cabinet has approved the issuance of a license for the development of this Block where the procedures for the issuance of the license to TPDC on behalf of the investor (ARA Petroleum Company) are being completed."

GL I'll bring salt n pepper for the grand hat eating

Leave it out Crusty, after six years baiting everybody the guy deserves his various chains rattled for a few minutes.

Row, row, RoJo boat, gently out to sea.

You will need that boat the way you are heading buddy.

https://youtu.be/rROMzY-PhfA?si=s46b6J_2-zEMWX2d

You've got it bad today old boy. Poor man

Oh dear Rojo has somebody rattled you today? Digging deep there aren't you, name calling and nosing about at my other holdings.

One tick Mick regularly got rattled.

Nevermind Rojo if true to your own words, you will be gone at 1.50 and that is likely to come the day of the RNS and maybe even tomorrow, so you won't have to worry yourself too much longer. The CPR will then be of no consequence to you.

For those sensible enough to build their holding, only a fool would expect a CPR in two months, when it took over twelve months for the 3D to be analysed in full.

Answer 1. No far too early for that.

Answer 2. All the detail you need is in the ARA presentation on the Aminex website.

That should help you 😁

Application was submitted in 2017 for a 25-year Development Licence to permit development and further appraisal of the Ntorya Field.

RPS Energy completed a Competent Person’s Report (CPR) for Aminex in 2018 and estimated a gross Pmean of 1.87 TCF gas-in-place with 763 BCF gross recoverable gas of 2C Contingent Resources associated with the Ntorya Discovery. In July 2018, the Company agreed a farm-out of a 50% operated interest in the PSA to ARA Petroleum Tanzania Limited (APT), a wholly owned subsidiary of ARA Petroleum Limited, itself an associate of Eclipse Investments LLC, who then owned just under 29% of the issued share capital of Aminex PLC. In return, the Company received $5 million and a carry of up to $35 million of its costs for its retained 25% interest in the development of the Ruvuma asset, equivalent to a carry on the first $140 million gross expenditure on the project. The farm-out completed and operatorship transferred to APT in October 2020. APT also acquired Scirocco Energy’s 25% interest in Ruvuma and now has a 75% interest.

29th February 2024 RNS

Ruvuma Seismic Update

· 3D seismic improves Ntorya gas field volumetrics and reveals enormous wider potential

· Operator's geomodelling significantly increases Ntorya GIIP to 3.45 Tcf

· 3D seismic reveals considerable upside for Mtwara Licence with total unrisked GIIP of 16.38 Tcf

Charles Santos, Executive Chairman of Aminex commented:

"Completion of the 3D seismic data interpretation is another important milestone for the Ntorya gas field development, and I am delighted that the results are so positive. The quality of the new 3D seismic dataset was excellent giving the JV partners the ability to map in detail the Ntorya gas discovery, refine volumetric estimates and provide the basis to locate future appraisal and development drilling targets. We are particularly excited by the significant potential gas volumes now identified in other untested structures within the licence area. To place these volumes in context, the Ntorya accumulation is potentially the largest onshore gas discovery in East Africa and, with the sizeable new exploration targets, should be much less expensive to exploit than offshore resources. Further announcements can be expected detailing a future programme of drilling and an associated schedule to commercialise these exciting new opportunities and add further value for all stakeholders."

https://www.lse.co.uk/rns/AEX/ruvuma-seismic-update-onc65upi3b8jp5q.html

From today's Tanzanian budget speech by the Energy Minister "Cabinet has approved the issuance of a license for the development of this Block where the procedures for the issuance of the license to TPDC on behalf of the investor (ARA Petroleum Company)"

Thanks Bullfrog. Well found. I's all go as we suspected. RNS incoming after that.

"A founder of Ruvuma, the largest onshore gas project in Tanzania."

"Committed to energy security and Prosperity for the people of Tanzania"

"Fuelling Tanzania's economic development and bettering the lives of its people through natural gas"

"Bringing reliable and cost-effective energy faster and cleaner for decades to come"

All the PR noise say's it is happening. The last two paragraphs particularly could not get past the nomad if it weren't known to be happening, as it would be seen as blatantly misleading.

The RNS is surely on its way

Desperate Hams intellect is not looking so clever having been ripped apart by a proper accountant 😂😂🤣

BG I believe the budget was approved at government level this time last year

With more laugh a minute twaddle from 'Desperate Ham'

The author writes more like the envious One Tick Mick with every issue he posts and looks like it too with that inevitable tick that appears with in minutes of the publication.

At least now this fella is running on borrowed time here, he won't be getting these prices for too much longer.

You leaving at 1.5 now Rojo? You keep lowering your sights.

Folks are going to miss you