Member Info for winalot

We're into the 2nd year of the 25yr development license but haven't really 'developed' much.

“The Tanzanian government continues to express its full commitment to the project and we hope to receive confirmation of the award of the pipeline contract shortly"

That statement was almost 4mths ago now. Talk about snail pace, this is getting painful now! Put us out of our misery and let us either sink or swim

Prospero,

Fair comment.

I'm hoping for some news soon to get our feelings tingling!

Prospero,

What makes you think the Pipeline construction + commissioning estimated to take 10–12 months. Educated guess?

I'm thinking that is way over the top. a 35KM pipleline is surely 4mths tops (based on the progress of the East Africa oil pipeline, not to mention its the Chinese doing it (allegedly) and they don't mess about . Commissioning, another 3-4 weeks. Lets face it, there's not much involved in commissioning a pipeline. I've been in the Oil & Gas game for 25yrs.

Emptyend, was it not also in last years budget?

Any particular source?

"and they will want to deliver the news of their fabulous progress with the pipeline and work on the Ntorya licence"

Assuming there is progress that is. We've been here time and time again, hoping for news to be blurted out during a conference or gathering of some sort only to be disappointed.

Correct, no office. Still working from home. And I use that word 'working' lightly.

From my experience, Aminex never ever reply to e-mails. Remember they are just the puppets, ARA pull the strings here. Aminex don't even have an office anymore and have a combined workforce of about ~6, who are no doubt sitting in their respective homes watching daytime TV.

Roger, he only sees what he wants to see. I agree, there is zero difference in those 2 photos. One is a bit greener than the other. And like you say CH1 is nowhere near there.

There is no sign of the pipeline starting or equally no sign of a rig contract. To answer your question, in theory, yes. But the 2 work scopes are independent. One is driven by the TPDC and the other ARA.

My gut feeling is ARA will not put a spade in the ground for CH1 until the TPDC start the pipeline.

Any well can be drilled, completed ready for hookup, NT-2 for example.

On the share price, well, again this is purely a news driven stock (or lack of it!)

People keep mentioning a raise but Aminex are debt free and have signed a finance facility of $3M to take when they choose that is taken from their carry, so i'm not worried about dilution.

Africa is slow but it'll come.

"Eclipse Investments LLC and Aminex have recently signed a funding facility for $3.00 million against the carry, ensuring Aminex has sufficient working capital available after 2024 and until the commencement of revenues from Ntorya gas sales."

BP,

I suggest you take a look over at the AEX Telegram chat if you're not already part of it. You'll find very knowledgeable people with balanced opinions backed up with links, articles, etc. Don't make investment decisions from this playground of bickering. But also, more importantly DYOR.

I think it's the same shape Rojo. Don't quote me though.

What you talking about "with the SP up". Are you seeing something I'm not??

The sp has been on a downward spiral since the highs of over 2p in June. Honestly, this radio silence is a joke now. I was expecting pipe to be in the ground by now.

I'm not withdrawing freedom of speech in the slightest. I'm just saying that what you are saying isn't relevant to your/our investment, but hey whatever makes you happy Tanz, that's what the filter button is for.

Combined 45 upticks Tanzania. Read the room or leave the room! Silence is golden.

To be honest Tanzania, you're no different. You only post with Rojo in mind and add no value to the chat board regarding your investment, it's an obsession. The more you poke the bears the more they respond. Just saying.

Remember NT-2 is not a workover, it is a well test presumably to gather data, flow rates, gas composition, CO2 content etc. Nothing to screw up as such. Not unless they find damage or flow issues since it has been shut in for a number of yrs. Best get the WD40 out on the wellhead valves

Finally signs of life:

17th Oct

ARA Petroleum Tanzania Ltd. (APT), a Tanzanian Oil and Gas company, is the Operator of the Ruvuma concession with operations in and around Mtwara. APT intends to issue a tender for the following Civil Works Roads and Well Site Construction to support the oilfield operations in and around Mtwara:

Construction of well pad and access road

Ntorya-1 (NT-1): Rehabilitation of the site and preparation for a well intervention program

Ntorya-2 (NT-2): Rehabilitation of the site and preparation for a well test

Ntorya-3 (NT-3): Rehabilitation of the site and preparation for a workman camp site

Any other ad-hoc work related to civil works such as land clearing, water well construction, road repair, maintenance, upgrade, and widening.

SC,

I tend to disagree on how ARA will proceed with future drills. It is not good business to spend money when there is no denamd. NT-1, NT-2 & CH-1 will be more than enough to supply current demand of beyond 40-60mmscfd. ARA will more than likely drill wells 4 & 5 once the demand increases from all the power stations, cement plants, etc.

This strategy has been proven by the TPDC & ARA playing off each other until now.