Aminex Share Discussion Threads

[bunbooster2] 03/3/2017 09:32

- LNG investment decision at least five years away, maybe a lot more
- Statoil Tanzania chief says companies now focusing on onshore rather than offshore

[edgein] 03/3/2017 08:37

JonnyT,

There are apparently numerous industrial users of diesel that can benefit from much cheaper power, plus at the two gas to power plants coming on line next year. Also a vastly under-supplied domestic market as well as industrial. Again until the plans of the jvp are announced we could waste more time speculating what these will be. Perhaps you'll get more drilling, perhaps NT-2 will be sufficiently large at this point not to require more immediate drilling. We should hear within days now imo.

Regards,
Ed.

[ngms27] 03/3/2017 08:35

TheLung, it's not me whose the Mirror Man. Take a look yourself.

In the shorter term I'm looking for a thriller from NT-2.

[thelung] 03/3/2017 08:31

Keep waving to yourself in the mirror JonnyT

[ngms27] 03/3/2017 08:29

Ed, the thing is I don't have any argument that the demand will be large, my argument is how soon is now.

The boy with the thorn in his side.

[tmmalik] 03/3/2017 08:17

Some good progress leaked last nightSee the share price today back towards 7p

[edgein] 03/3/2017 08:15

JonnyT,

No it doesn't because the coal to power are imo longer term projects than the gas to power, they're not far beyond the MOU stage yet and perhaps a year or two off the construction phase. Also if Tanz ever reach the over powered stage that they're years off from that they can export more coal, gas or power. What it shows is that any coal to power project is being covered by the Chinese in Tanz as the future power demand and investment demand is vast.

Haggis,

I think that's the point that most are missing here, the jvp isn't massive, we've very few staff between the two companies so they're more flexible. A small gas to power plant to serve even the cement factory would be a meaningful step, it could quickly double current jvp production, there could be other industries here too also diesel fueled currently. Anything that helps to build up cash flow and reserves quickly for further appraisal drilling is meaningful for holders (anything that books NT-2 as 2P if successful is meaningful). But again we're heading down the road of more speculation without plans from the jvp. Again best to wait for those, as the plan may perhaps be further drilling that will please holders and non-holders alike. :)

Regards,
Ed.

[greatfull dead] 03/3/2017 07:56

Good morning Mr Haggis,

Your link in post #61521 is excellent. A very good read with lots of other links on Linde Engineering web site that I have yet to read up on on LNG plants. That I will do over the weekend.

Your link in post #61522 unfortunately opens but says page not found.

Thank you for posting both links, I will work on getting link #2 and try getting the page opened.

ATB,
GD

[haggismchaggis] 02/3/2017 23:30

Read the slides and you'll see there are plenty of LNG options out there that are cheap and quick to install, if TPDC fancied taking the small scale LNG direction to monetise Ntorya gas, depending on production levels of course.http://www.beg.utexas.edu/energyecon/abuja_07_workshop/small%2520scale%2520lng%2520projects%2520(Adjei-Boye).pdf

[haggismchaggis] 02/3/2017 23:03

Here's a fourth link to a small modular LNG plant. It can be built up to a midscale plant over time if required. http://www.linde-engineering.com/en/process_plants/lng-and-natural-gas-processing-plants/liquefied_natural_gas/small_to_midscale_lng_plants/index.html

[haggismchaggis] 02/3/2017 22:57

Small modular LNG plants are skid-mounted and therefore very fast to deploy and set up, think more like 6-9 months, not years.

[haggismchaggis] 02/3/2017 22:56

Greyingsurfer, I posted 3 links already, didn't you follow them?

[greyingsurfer] 02/3/2017 22:41

stick your other glasses on for peat sake, what do you think, any thing like 75% of 100mmscfpd would be worth? even if it wasn't untill 5 years time. No one is arguing that large scale production when it happens will not be valuable. The argument is about how soon it will happen. In 5 years? If you are talking about five years, then yes, possibly.Peter

[greyingsurfer] 02/3/2017 22:33

Haggis,Can you give us a link to a modular LNG plant costing 10s of £m, and commisionable within 2-3 years?Peter

[blackgold00] 02/3/2017 19:25

ngms, "I'm with Peter if NT-2 is all it's cracked up to be with 500 BCF then meaningful production from these sands must be 100mmscfpd (Not from a single well) and it's years away"

ngms , stick your other glasses on for peat sake, what do you think, any thing like 75% of 100mmscfpd would be worth? even if it wasn't untill 5 years time. ngms you know i know, Aminex and the ARA Petroleum division of Zubai know, there is such a big potential here.

[ngms27] 02/3/2017 18:22

Don't be fooled by the use of production testing. Most DSTs these days use a production string.

The whole purpose of testing for longer than a few hours to get samples is to examine well deliverability for production / development planning purposes. It doesn't mean production is imminent.

I'm with Peter if NT-2 is all it's cracked up to be with 500 BCF then meaningful production from these sands must be 100mmscfpd (Not from a single well) and it's years away.

Basic chicken and egg stuff.

Forget Ntorya gas going to LNG, it won't happen as the offshore boys are planning to fund this with FID later this year, they aren't going to let in some immaterial gas onshore when they have 75TCF offshore thats stranded without LNG. It's also official Government policy for onshore gas to be used for domestic consumption.

Another point if indeed Kibo et all are being lined up for power generation this infers less forward demand for gas does it not.

[tidy 2] 02/3/2017 17:58

Kilwani already to market giving $900k per month on 50% restricted flow. Flowed at 40 scuffs per dayN1 from 10.5 foot perf gave 20 scuffs per day. N2 has 90 foot of net pay and higher than expected pressures and net pay. Massive upside and gone straight to production testing.

[greatfull dead] 02/3/2017 17:34

thegreatgeraldo,

As you posted yesterday you think electric power can be provided on a smaller scale basis using temporary gas fired generators,I fully agree with you.

I still say a power station with the necessarily feed engineering requirements can be obtained from a gas fired power station design company off their own data base and modified very quickly. For material procurement this can also be fast tracked by an engineering consultancy that specializes in doing so for their clients. May cost a % more but it is feasible. The actual building of the power station would not cost as much from a manpower point view. Due to the huge lay offs of highly skilled construction engineers of all engineering disciplines of Oil and Gas company staff and contract staff worldwide, especially here in the UK. The reason is because of what Saudi Arabia did by oversupply of crude oil, which hopefully does not happen again for at least another 10 years+
,
ATB,
GD

[thegreatgeraldo] 02/3/2017 17:24

bg00 - of course Tanzania will benefit from LNG exports, before that happens, don't you think building the LNG plant will give a boost to the economy?

[haggismchaggis] 02/3/2017 17:15

If N1 + N2 + N3 is into 150mmscfd or more, and the 'experts' on here claim there won't be a market for that much gas before 2020, there is a huge business case for the TPDC to ask China to install a modular LNG plant like the one I posted a link to, an LNG plant that can process 150mmscfd or whatever amount of gas the 3 N's are producing. TPDC pay AEX for the gas at wellhead price, China pays TPDC for the LNG and does its own logistics. Simple.

[blackgold00] 02/3/2017 16:57

gerald, "Stuff the export of LNG,"

gerald, don't you think that Tanzania would have a $$$$$$ cut of that export? tax revenue of sorts.

[thegreatgeraldo] 02/3/2017 16:54

Building an LNG plant (or two, or 3) would do wonders for the economy... great news if you happen to own a cement factory!

[edgein] 02/3/2017 16:43

That's some attitude! There's around 53Tcf of the stuff to be produced and if all goes well in the not too distant future perhaps up to 55 or even 56Tcf! :) Yup most likely.

Regards,
Ed.