Member Info for RogerJolly

Bug bare of mine.

Tick down on the back of four trades totalling £31

With up coming drills back then, it was on every ones radar. I'd hazard a good guess it is mainly Lths who have picked up on the news so far. Once the RNS lands I expect it to grow from there and the more solid future plans they provide, the higher it's likely to climb.

Almost immediately after the tweet.

The wording there hints it is very close, but yes would ve great to see that RNS with some meaty bones

From the wording in the tweets it sounds like its all agreed

My word Joyo is that excitement I detect. Are you sure you are posting with the right ID? 🤣

#1 of 3: 2024 is shaping up to be one of our busiest years yet as we take part in Tanzania’s largest onshore gas development, Ntorya.

#2 of 3: Together with Ntorya’s operator, ARA Petroleum, we have much work to develop the field and start producing gas for the growing domestic gas market, ensuring energy security for Tanzania.

#3 of 3: To access all the details of the next steps for the Ntorya gas development and read our latest announcements, go to our website at aminex-plc.com

#Tanzania #natgas #energysecurity #africagas #eastafrica #ongt #onshore #offshore #pipeline #investors #shares

Yes RoJo opinions are only opinions. Nothing to get knickers in a twist over.

Anyway RNS at 7am hopefully.

Ok so you dont want to answer my specific question which was...

What part of the RNS for CH1 relocation do you not understand?"

As for three years, I think it was obvious that it was only my opinion about making a specific exploration for oil.

I take it I am allowed an opinion?

SC I am all for going after the oil but what part of the RNS for CH1 relocation do you not understand?

The new plan is to concentrate on the16.5tcf (re 3d seismic upgrade) of gas which in itself is recognised as a world class gas field. This was at the request of Tanzania. It is as said, highly likely exploration for the oil will take place in the future because of those shows but with gas being the priority, I can't see that being for at least three years.

If you read Ufufuos workings on potential value, on the gas alone he is showing anything from 4p to 25p. On top of that they claim to have large quantities of valuable condensate which would bring added value. The oil potential is now only a long term potential option.

Hi Edgar

Uchimbaji

Uchunguji

You are correct but the partners have already done the exploration and further exploration is to come with each development well. Afterall it is a field development licence applied for and not an extraction licence.

Even so, the above Swahili represents both and could easily be misinterpreted in translation.

With it flying up 46% the other day and the PR pump that went alongside it, I would have thought an RNS of denial would have been demanded if the rumour/Tanz news were false. Unusual trading generally gets looked at I would think.

*Barrelage.

Rns due to confirm the words of the Tanzanian Deputy Prime Minister/Energy Secretary that The Tanzania Petroleum Development Corporation (TPDC) and its partners have secured a license to conduct natural gas exploration at the onshore Ntorya gas field in Mtwara region.

The words were said in a speech during last week in Dodoma at the Tanzanian energy week event. Covered fully across their in country media in English and Swahili.

Good luck all

It's true they did have oil shows in the mud at nt2 but the concentration for now is on that 16.5 tcf of gas and the huge barrel edge of condensate they believe they have. Once the income starts rolling then the exploration to the lower levels for the oil can and will no doubt begin.

9.9% above RoJo 😁 but let's see what Santa brings on Monday

I will ride off into the sunset with my 25.57p right now Ufufuo.

Thanks for that eye opening piece of research, you should write more often here.

Wheels don't matter if I can get from A to B, but I'd prefer a private island untouchable by the warmongers and dictators in this world

Another point about back dated costs. Would that be wholly due to Aminex or pro rata with Aminex?

I suppose it's possible they have their back in by means if the negotiated GSA. While we know that has been agreed I don't remember a figure being published

20% is more than I had in mind. I was thinking it was around twelve at one point. I must have missed the Sultans words on that. So much to take in sometimes but yes the lower the slice the better but as you say I don't see this being held back