Member Info for StockCheque

Edgar,

For sure!

Half of them are already on their summer recess judging by the number of empty seats! 🙄🙄

Hopefully we'll get some clarification rather than diplomatic circumventing of the question.

(I didn't get where I am today by beating around the bush Reggie! 😆 )

Edgar,

We also have something else in our favour that could mean extraordinary Gas flows from CH-1. Item 3 on your list, Pressure Gradient.

"The Ntorya-1 well, part of Aminex's Tanzanian gas discovery, had an initial reservoir pressure of 5,424 psi"

Which we can also cross reference to ARA's notes.

"Significant overpressure was encountered in Ntorya-1 and Ntorya-2 amounting to some 1,500 psi to 1,800 psi

above a hydrostatic pressure in Unit 1 and Unit 2 sands. This is considered to be consistent with a gas column

of ca 600m at the apex/crest of the mapped Ntorya reservoir"

This overpressure is going to push out the Gas out at a very high rate if they can drill a clean well with no mud issues.

600m sounds like a lot of Gas pay to hit!

"In a hydrocarbon well, a gas column refers to the vertical extent of gaseous hydrocarbons (like natural gas) within a reservoir or trap, measured from the hydrocarbon-water contact (HWC) to the structural or stratigraphic spill point. It represents the height of the gas accumulation in the well."

"Hydrocarbon-Water Contact (HWC): The boundary between the hydrocarbon accumulation and the underlying water in the reservoir."

"Spill Point: The lowest point in the trap where hydrocarbons can escape or spill out."

"Gas Column Height: The vertical distance between the HWC and the spill point, representing the height of the gas accumulation."

Edgar,

Well that's a question that can really only be answered when CH-1 is drilled, but for me the signs are all there.

The main question is how much of the sands are gas bearing, with porous gas pay and how much are not.

ARA have gone very conservative with 20mmscfd for CH-1 considering the additional thickness of sands. They clearly prefer the drill to prove any upside on that, including whether there is commercial Gas or oil in Unit 3 and the shallower targets.

My view is that if they are penetrating sands some 8-12x what NT-2 penetrated, and they perforate the same percentage of those sands (Gas pay percentage of sands), then there's a good chance they'll see much higher Gas flow.

If you have a sponge cake with cream in the middle, you cut a slice and get 5mm of cream. Now stack 8-10 of these on top of each other and take a slice right through all of them, now you have 40-60mm of cream.

Cherry on the cake is still Oil in one of the untested traps, preferably the massive Unit 3.

NT-1 "The upper 3.5 metres of the gross 25 metre sand interval was perforated", 20.1 mmscfd, 3,350 bored.

NT-2, "The well was perforated over a gross interval of 34 metres", 17 mmscfd, 2,833 boed.

So NT-2 perforated almost 10x the sands that NT-1 had perforated. If NT-2 had not had the well damage and smaller choke, it could in theory have produced at a much higher rate, potentially as high as almost 10x what it produced.

CH-1 is going to penetrate 8-12x the thickness of sands penetrated by NT-2. The potential for huge gas flow is mind boggling. No way is it going to be just 20mmscfd with sands that thick.

Buys now going through at 1.6p.

Chart trend still as I posted last week, upwards.

https://ibb.co/60F8gLrF

Ntorya-1 shows even more so that the potential Gas flows from CH-1 and further wells could be massive. 20.1mmscfd from just 3.5m. So no choke and no well damage like there was at NT-2 and the potential is off the scale.

"Testing of the Ntorya-1 well has now been completed. The upper 3.5 metres of the gross 25 metre sand interval was perforated and the well was flow tested on several choke sizes for extended periods over the last four days with corresponding shut-ins for pressure build-up data."

"The well flowed gas at a maximum rate of 20.1 million standard cubic feet per day (the equivalent of 3,350 barrels of oil per day) and an estimated 139 barrels per day of 48 degrees API condensate through a 1" choke. Small volumes of formation water were also produced. "

https://www.investegate.co.uk/announcement/rns/aminex-cdi---aex/ntorya-1-test-results/3328852#:~:text=The%20well%20flowed%20gas%20at,formation%20water%20were%20also%20produced.

As the 2nd link was blocked by this site, here's a different link.

https://www.lse.co.uk/rns/AEX/successful-ntorya-2-well-test-9zo4f3jz7yvkypj.html

gaslady,

"from 60 mmscf/d to 140 mmscf/d to 280 mmscf/d"

"an additional 13 wells."....that's a lot of gas to be exploited and utilized"

this is undoubtedly an amazing future for aminex shareholders to look forward to, but it's also very very conservative.

look at the ch-1 location vs nt-2 location.

https://aminex-plc.com/wp-content/uploads/2024/03/apt-revised-resource-potential-mtwara-licence.pdf

according to the 3d seismic:

1) the thickness of sands that ch-1 should hit, are 4-5x the thickness hit at nt-2.

2) ch-1 will also penetrate the untested massive unit 3 above and up-dip from the majority of the ntorya sands. they could hit another thickness of sands 3-5x that hit by nt-2.

3) there's additional untested shallow sands above unit 3 that ch-1 could penetrate.

so, ara's target of 20mmscfd from ch-1 has to be seen as very conservative, because they are going to hit sands many multiples of what nt-2 hit with 17mmscfd with a damaged reservoir and on a 40/64 choke.

"higher mud weights resulted in reservoir invasion"

"company limited test flow rates with a 40/64" choke and the well flowed dry, high quality gas at average stable rate of 17 mmscfd (2,833 boed)"

https://*********************/newsfeed/article/successful-ntorya-2-well-test-645866

i could easily see ch-1 flowing 80-100mmscfd with the huge combined thickness of sands it's set to hit. even 60 is 3x what ara are proposing. now extrapolate that across 13 wells and suddenly it's looking like potential for 3 x 280 = 840mmsfcd by the time they've finished developing the field. that's a level of gas that could put 500mmscfd into the huge lng plant or go into pipelines to other nearby countries.

ch-1 could also find commercial oil in any of the untested traps it penetrates.

"CPN, in June, signed an agreement with the Transport and Logistics Bureau, or TLB, of the Hong Kong government toward establishing special administrative region as a global hub for green marine fuel bunkering and trading."

"Aligned with the government's Action Plan on Green Maritime Fuel Bunkering, launched in November 2024, this partnership is directed towards building a "robust green marine fuel bunkering supply chain, integrating the mainland's production capabilities with Hong Kong's international trading gateway," CPN said in a statement on June 27."

"Earlier in July, CPN in a LinkedIn post said it had supplied over 78,000 mt of marine biofuel in Hong Kong in the first six months of 2025, exceeding its total biofuel supply for all of 2024."

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/071425-chimbusco-pan-nation-makes-first-ever-b-30-marine-gasoil-delivery-in-hong-kong

AKHM,

RE: "they could be planning a massive scale up across the fleet as soon as the get the LONO nod."

I personally believe that they are planning a rollout of MSAR way before the BioMSAR LONO is completed. They don't need the LONO to do that, we know that, JM and Andy have told us that. Just a six week confirmation PoC and MSAR can go full steam ahead.

AC oozing with confidence on 27 June.

"Zenith Energy is approaching a crucial point in a major arbitration dispute worth up to US$130 million. With solid results from previous proceedings and thorough preparations, management emphasizes: "Our belief in the outcome is stronger than ever."

“We have an extremely experienced legal team that has worked tirelessly for our case, this is not about whether we win – but how much we win,” he says.

https://aktier.se/ikke-om-men-hvor-mye-avgjorelse-i-zeniths-voldgiftssak-pa-130-musd-ventes-snart/

One massive pipeline nearing completion just as a tiny one begins.

"After $3.6bn spend, Uganda-Tanzania pipeline enters last ‘12-month sprint’."

https://www.theeastafrican.co.ke/tea/business-tech/uganda-tanzania-pipeline-enters-last-12-month-sprint-5115574

Tourism overtakes gold as Tanzania’s top foreign exchange earner.

https://www.thecitizen.co.tz/tanzania/business/tourism-overtakes-gold-as-tanzania-s-top-foreign-exchange-earner-5113614

Tanzania aims for 8 million annual tourists by 2030 in economic growth push

https://www.thecitizen.co.tz/tanzania/news/national/tanzania-aims-for-8-million-annual-tourists-by-2030-in-economic-growth-push-5115852#google_vignette

Tanzanian women at the forefront of redefining adventure tourism

https://www.thecitizen.co.tz/tanzania/magazines/sound-living/tanzanian-women-at-the-forefront-of-redefining-adventure-tourism-5114208

Solar energy shines as nuclear and other thermal generators wilt in European heatwave

The extraordinary heat waves that swept across Europe in June and early July brought with it the highest solar power production on record, which turned out to be useful because thermal generators, and France’s nuclear fleet in particular, struggled to stay on line as temperatures hit 40°C and more.

A report by climate and energy think tank Ember says June was the highest solar electricity production month on record in the EU, with a total of 45 terawatt hours (TWh), a 22 per cent increase from June 2024 (37 TWh).

In Germany, for instance, solar delivered up to 50 GW of power during the peak heatwave days, delivering around one third of total demand needs on those days, and was supported by 14 GW of battery storage and 10 GW of pumped storage, which helped to store some solar to use when the sun went down.

https://reneweconomy.com.au/solar-energy-shines-as-nuclear-and-other-thermal-generators-wilt-in-european-heatwave/

CEO interview. ICC2 - July.

00:06:06

"Okay. and so uh if we look at the timeline here uh the ICC2 is due to summer July maybe?"

"Exactly, July."

00:15:02.800

"We have had in Christmas the uh 10 million victory in ICC1 and then before the the end of the summer in July most probably we will have the result of ICC2."

https://youtu.be/YnFUGtlp6Eo?si=UpKbKjvnVbMCPaHP

Nobody has been 'ramping' AEX, that's utter garbage. Everyone here has used the data supplied by ARA, AEX and TPDC to calculate FACTUAL future valuations. NOBODY here posts anything that can be construed by anyone intelligent as 'ramping'.

What ramping posts ACTUALLY look like:

BUY NOW OR MISS OUT! NEWS INCOMING MONDAY!!

THIS WILL BE 20p SOON, DON'T MISS THE BOAT!!

BIG ICEBERG ORDER RUNNING, THIS BILL EXPLODE SOON!!

FACT is, nothing like that has EVER appeared on this stock, because nobody is ramping it, that is just the lame excuse every stock bashers uses to pull the wool on their blatant bashing of the stock.

What is actually "misleading, deceitful and insidious" is attacking a stock it's never owned, attacking a stock every day for 14 years with lies, deceit, misinformation, disinformation, abuse of CEO, abuse of Directors, abuse of staff. Using multiple logins to try and FORCE people away from this stock.

There's only ONE con man on this board and we all know who it is

If Tunisia have sequestered it then they'll take on the staff. Tunisia aren't going to effectively nationalise it and then sack all the staff, they need those staff to keep operations going.

As I say, we'll have to wait for ZEN to advise on the situation.

My thoughts are that Tunisia have no interest in having ZEN sharing their country's Oil, period. That means Tunisia will force ZEN out of all its operations there, paying any Arbitration awards the courts penalise them with.

Robbana comes under Ecumed. Here's the info on that. It looks we've still not had a crude oil lifting which was supposed to happen in October 2024, as none has been announced. It looks like this has basically been sequestered by Tunisia via blocking any lifting or sales of Crude. We will have to wait for ZEN to advise, maybe that will be in the 2025 FY annual audited report. Last years report was an RNS on 31st July.

--

On April 30, 2021, the Company announced that Compagnie Du Desert Ltd ("CDD"), its fully owned subsidiary, had entered into a share purchase agreement ("SPA") with Candax Energy Limited ("Candax") for the acquisition of a 100 percent interest in Candax's fully owned subsidiary in Barbados, Ecumed Petroleum Tunisia Ltd ("EPT") (the "Acquisitions"), which holds a 100% interest in the El Bibane and Robbana concessions in Tunisia.

--

ICC-1 Arbitration – Awarded amount – US$9.7 million

The ICC-1 Arbitration was commenced following ETAP’s failure to comply with its contractual obligations to pay for oil produced and sold by the Company’s fully owned subsidiary, Ecumed Petroleum Zarzis Ltd, in Tunisia.

--

12 Aug 2024

Zenith Energy has provided an update in respect of its Tunisian onshore oil production portfolio comprised of the Robbana and El Bibane concessions, both wholly owned by a subsidiary of the Company.

Zenith can confirm that approximately 11,500 barrels of crude oil are presently held in stock and that an international lifting of crude oil is expected to take place on or before the close of October 2024.

Production from Robbana and El Bibane has been irregular, with various interruptions due to delays in payment of staff salaries resulting from the non-payment of past oil production, as well as delays suffered by the Company in selling its stock of crude oil due to unexplained obstructions in facilitating crude oil liftings from the Tunisian authorities.

The Company can confirm that it is working towards ensuring that the salaries of field personnel are fully settled, and that production is expected to resume on or before August 19, 2024, at a cumulative total rate of 90 bopd from both concessions.

Andrea Cattaneo, Chief Executive Officer, commented:

'The Company, its shareholders and employees have continued to suffer damage because of the arbitrary behaviour of the Tunisian authorities.

Notwithstanding the great difficulties caused by the various arbitrary obstructions, we have sought in good faith to make every reasonable effort to continue operating the Robbana and El Bibane concessions in full compliance with our obligations.

We shall apply our best endeavours to complete the international crude lifting on or before October 2024, not long before the expected publication of the decision for the ICC Arbitration initiated against ETAP for non-payment of oil production in respect of other assets held by the Company in Tunisia.'