The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
APT, the operator, has confirmed that mobilisation of the seismic team has commenced, and the first phase of the seismic shoot will begin on 15 November 2021. The team will then complete the second phase of the seismic shoot in Q1 2022 after the Tanzanian rainy season. The Chikumbi-1 well is expected to commence drilling in Q3 2022.
The rns clearly states that they continue
Great find
Rns in April is correct
You are wrong crusty. You must be confused with kiliwani north
Kiliwani North
Aminex considers that any future drilling on the Kiliwani North Development Licence ("KNDL") is contingent upon an improved seismic resolution of the prospective target structures. The Company has reached an agreement with Pan African Energy Tanzania ("PAET") to utilise their high-resolution 3D seismic campaign, targeting a mid-year start, to receive approximately 12.5km² of valuable new high-resolution 3D coverage over KNDL, at no cost to the Kiliwani North joint venture. PAET will be acquiring high-resolution 3D seismic over the adjacent producing Songo Songo field, and the Kiliwani North joint venture will allow PAET to partially overlap the KNDL area to enable full-fold processing of the new 3D dataset up to the Songo Songo and KNDL boundary.
So the rns was illegal then?
Ruvuma
In this important year for Aminex, on the Ruvuma PSA in Tanzania, with the seismic acquisition programme and the drilling of the Chikumbi-1 ("CH-1") well, the Company can advise that operational activities continue to progress under the direction of the operator, ARA Petroleum Tanzania Limited ("APT"). Whilst seismic operations continue, APT has further advanced the well planning for the CH-1 well with all long lead items contracts now executed. APT reports a target spud date for the CH-1 well in November 2022. Aminex, with a 25% non-operated carried interest, is carried throughout the ongoing work programme to a maximum gross capital expenditure of $140 million ($35 million net to Aminex) and is expected to see the Company through to the commencement of commercial gas production from the Ntorya gas-field, scheduled for the end of 2024, at zero cost to the Company.
April rns states seismics continue
Not sure you heard correctly crusty
Fantastic news.
Can’t go wrong here then
Odds are that they will hit more gas in November to increase resource
https://www.rigzone.com/news/oil_gas/a/148770/ntorya2_well_substantially_exceeds_expectations/?amp
I take it they will open this up when ready?
Am I right please?
Ntorya-2 was drilled in the onshore Ruvuma Basin of southern Tanzania, on the Mtwara License, which is governed by the Ruvuma Production Sharing Agreement.
Aminex further explained that limited test flow rates with a 40/64” choke produced “dry, high quality gas” at an average stable rate of 17mcf/d, or 2,833b/d of oil equivalent.
“Now we have the potential for a commercial development project in the Ruvuma Basin,” Bhattacherjee announced.
As he explained, Ntorya-2 is currently being suspended for future production. “The Ntorya-2 test clearly supports our belief that there is a considerable gas basin to be exploited in our Ruvuma onshore acreage,” he added.
The well was drilled to a final total vertical depth of 9,169 feet. At 8,507 feet, the well encountered a gross gas-bearing reservoir unit of approximately 167 feet.
Definitely worth getting in early in this one
Sesimic data and the closer we get to November
It will take a little patience.
Free carry to production
The gas is there we just need some luck along the way
‘£1 is possible if they hit large amounts of gas in the Jurassic but I’m happy to keep a level head and target 5p-10p to start
Possibly interested in taking working interest in Kiliwarni north imo after they 3D seismic over their resource into part of ours
I can certainly see 10p a share all going well quite easily
Given the remarkable response of 100% treatment with PD-1 blockade, dostarlimab may replace the current standard of care for locally advanced rectal cancer,”
June 05, 2022
Dostarlimab shows efficacy as curative-intent treatment in rectal cancer subset
CHICAGO — Dostarlimab, an anti-PD-1 monoclonal antibody, demonstrated a 100% clinical complete response rate among a small cohort of patients with mismatch repair-deficient locally advanced rectal cancer, phase 2 study results showed.
Kiliwani North
Aminex considers that any future drilling on the Kiliwani North Development Licence ("KNDL") is contingent upon an improved seismic resolution of the prospective target structures. The Company has reached an agreement with Pan African Energy Tanzania ("PAET") to utilise their high-resolution 3D seismic campaign, targeting a mid-year start, to receive approximately 12.5km² of valuable new high-resolution 3D coverage over KNDL, at no cost to the Kiliwani North joint venture. PAET will be acquiring high-resolution 3D seismic over the adjacent producing Songo Songo field, and the Kiliwani North joint venture will allow PAET to partially overlap the KNDL area to enable full-fold processing of the new 3D dataset up to the Songo Songo and KNDL boundary.
This coverage, which represents over 40% of the critical area of the licence, will enable Aminex to link the new high-resolution 3D data to its existing 2D seismic legacy data which currently covers the KNDL with an irregular seismic grid. This should significantly improve both fault resolution and reservoir horizon mapping; both considered to be essential to understand the compartmentalised nature of the reservoir.
https://allafrica.com/stories/202205040119.html
“Tanzania has an estimated 57 trillion cubic feet with a total annual production of 110 billion cubic feet from three fields: Songo Songo, Mnazi Bay, and Kiliwani North (Tanzania Invest). The reserves are in the Indian Ocean and offshore.”
The gas is there. We know that. What we need to know is how much gas.
A little bit of luck along the way and this share will do very well from here
No debt and a free carry to production. There could even be a lot of oil down there some where.
No nothing but it feels like november but it’s June
Time flys