Just go and download petronor annual report it tells you all about aje.
FIELD DEVELOPMENT
The redevelopment of the Aje field involves
field development activities. These include the
re-entry and completion of existing wells, the
drilling of new wells, and the installation of Subsea
Production Systems (SPS) & Subsea Umbilical,
Riser and Flowline (SURF) packages. From a
refurbished FPSO, the field will be connected to
shore by a 30-km gas pipeline, ensuring efficient
transportation and processing of natural to the
onshore LPG plant located close to the West
African Gas Pipeline (WAGP).
Albeit delayed, significant progress has been made
on negotiations of gas offtake contracts and the
company is moving forward both in our discussions
with licence partners and relevant financing
institutions.
The strategy entails advancing with
a Final Investment Decision (FID) to replace the FPSO
unit, drill more oil and gas wells, and lay a 30 km
pipeline to an LPG plant near the West African Gas
Pipeline's (WAGP) export station. Condensate and
oil will be produced and offloaded offshore while
offtake agreements will include gas sales and swap
arrangement for gas and LPG products.
The plan for 2024 is to proceed towards a final
investment decision on the project which involves
deployment of an FPSO, connection of existing
suspended wells, drilling further development
wells, and building a 30 km pipeline to an onshore
LPG plant close to the export compressor station of
the West African Gas Pipeline.
Wasn't a bad announcement, see what happens now, how much the field is valued at with the new data
We should be due the updated 3D seismic results soon
This will rise tomorrow, I am seeing some similarities now that I have seen happen in the past to this share
Announcements coming thick and fast lately.
M.youtube.com/watch?v=UCeoebH-dLo&si=mLuYgp8z2ViuAk6Y
Should double in price today
Petronor will buy it, they have had a good year and they want control of that asset
I just remembered we have a bigger holding in it since the last valuation
Was it $19million last time
Knew they would put it up for sale.
How much?
Well I didn't expect that rise yesterday, are we going to get a December rally?
Nothing they do seems to grab investors interest. All these acquisitions over the last couple of years and not a return on any off them, what happened to the well reworks in USA, supposed to be happening in the 4th quarter of 2024.
Come on, you were supposed to have started those USA wells this quarter which you have got us in debt for. Or were we just helping out our mates? And you can chase up the money we spent on barracuda instead of letting folks off. Patience is wearing thin, sorry everyone, don't mean to rant.
Those two holdings announcements came out late
Interesting announcement this morning