The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Crusty- the license is the key here to unlock everything imo
The resource is huge, much bigger than anyone imagined as recently confirmed by the 3D seismic survey
The GSA is signed and we now have a major condensate resource to sell too
Pipeline may be a year away but we have the drills before all that to complete
This is not ramping- it’s just the facts- that we’re close now to seeing the major potential here unleashed
Imo
Atb
The operator continues to work on multiple work-streams to commercialize the discovery and contribute towards Tanzania’s energy security. Upon receipt of the Development License, APT will:
Contract a rig operator to undertake the drilling of the CH-1 appraisal well to further derisk the asset and, if successful, complete as a gas producer.
Re-enter and repair a tubular leak in NT-1 to enable the well to be safely completed as a gas producer.
Undertake further testing on NT-2, currently suspended as a gas producer, using a mobile test unit, to refine the design of in-field gas processing facilities.
Continue to support the Tanzanian authorities in the early construction of a spur gas pipeline from Ntorya to the Madimba Gas Plant to accommodate gas extraction from the field.
Crusty, I would say the pieces are all now falling into place.
The GSA has been signed
The 3D seismic massive upgrade reported
Development license is due any time
Then rig contracts and drills will follow
With first gas sales around say a year from now and also seems we can sell condensate too for additional income
With all that in mind, imo I would think that this could lead to a sp rise of somewhere between 300% to 1000% during the next 12 to 18 months.
That rise could start tomorrow, it could start in a week, a month, but you show me any other share with so much potential upside over that period of time
The fact you can currently load up sub 1p I guess is the cherry on the cake 🍰
Imo
Here’s my general summary as to why we are on the road to multi bag imo
Gas sales agreement signed: Aminex signed a gas sales agreement with the Tanzanian authorities. This is clearly a BIG step forward because it establishes a framework for selling the gas that will be produced from the project. Always good to have a BUYer lined up ready.
Development Licence progress: The company anticipates receiving final written approval for the Development Licence VERY soon.
Once received we can proceed with drilling the Chikumbi-1 well and working on other development activities.
3D seismic data processing completed: The full processing of the 3D seismic data has been completed, which is essential for identifying potential drilling locations. This resulted in a MAJOR resource upgrade.
New well location identified: A new and improved well location for the Chikumbi-1 well has been identified based on the 3D seismic data analysis. This suggests increased confidence the best location has been chosen now.
Government support: The Tanzanian authorities are reported to be prioritizing the project and supporting its accelerated development, including facilitating faster pipeline construction.
Imo