Aminex Share Discussion Threads

[lfdkmp] 13/2/2015 10:42

...yes, must say I found it mildly amusing myself ;-)

[thecynical1] 13/2/2015 10:38

nice one......the old "you wouldn't want to be out of this over the weekend" routine........hilarious!

[lfdkmp] 13/2/2015 09:58

I heard a rumour on Tuesday that some people don't want to be out of this over the weekend. I can't vouch for the reliability of the rumour, however.

[blackgold00] 13/2/2015 09:15

So Orca could be up a creek with a lot less additional gas to sale, if (as is likely) the SS-4 well also has to be suspended as the SS-3 SS-5 and SS-9 has already been, because of well corrosion. I think as time goes on Orca's hand becomes weaker in the despute between them and TPDC. they can only market and sale the gas produced over and above the 45MMcfd protected gas, (additional gas) so if SS-4 is suspended then Orca will lose additional gas volume, as the protected gas is as it says protected.

something is going to give with the TPDC/Orca stand-off, I wonder how much TPDC has in insuring and influencing the safety of the Songo Songo wells.

SONGO SONGO DELIVERABILITY

hHtp://www.orcaexploration.com/pdfs/2014_Orca_Q3.pdf

"As at 30 September 2014, the Company had a field productive capacity of approximately 93 MMcfd, with expansion of production volumes limited to 102 MMcfd by the available Songas infrastructure. Production wells SS-3, SS-5 and
SS-9 remain suspended pending workovers. SS-4 continues to be monitored and it may have to be suspended in the future."

"There remains no redundant productive capacity until additional wells can be drilled in the field, or existing wells can be worked over or until compression facilities are installed. A loss or material reduction in the production of any given well will have a material adverse effect on the total production and funds flow from operations of the Company."

"Significant additional capital expenditure will be required to enable the Songo Songo field to produce 190 MMcfd in line with the anticipated infrastructure expansion requirements. There are no contractual commitments either in the PSA or otherwise agreed for capital expenditure at Songo Songo. Any significant additional capital expenditure by the Company in Tanzania is discretionary and remains dependent on: (i) agreeing commercial terms with TPDC or other buyers regarding the sale of incremental gas volumes from Songo Songo; (ii) TANESCO receivables being brought up to date, guaranteed or other arrangements for payment satisfactory to the Company, (iii) the establishment of payment guarantees with the World Bank or other multi-lateral lending agencies to secure future receipts under any contracts with Government entities; and (iv) the arrangement of finance with the IFC or other lenders."

"Whilst the Company continues to refine a full field development plan based on expanded infrastructure submitted to the Ministry of Energy and Minerals (“MEM”) during 2013, the Company does not intend to proceed with the plan until
the issues outlined above are resolved."

[dan_the_epic] 13/2/2015 00:02

we warned you all.

hxxp://constructionreviewonline.com/2015/02/tanzania-madinda-dar-gas-pipeline-project-end-year/

Pipeline TARGET COMPLETION DATE NOW JULY 1st. CASH CRUNCH?

[gerryjames] 12/2/2015 19:49

😊 #Televisions? @Skin I see they've done away with the cheaper B&W alternative BBC licence. I believe you need proof of ownership nowdays! They'll be counting your bedrooms next.

[skinwalker] 12/2/2015 17:50

speak for yourself Gerry!
Black and white? Are you talking televisions? :-)

[gerryjames] 12/2/2015 15:55

888ICB there are a lot of lonely millionaries on this thread who have neglected the more important investments in life while persuing monetary wealth. And perhaps due to the rise of social media would have otherwise ended their torment over not joining that night class or buying those golf bats and going for a walk on manicured lawns with poorer more rounded individuals. Please be nice, not everything is black and white.

[thecynical1] 12/2/2015 13:25

blackgold......you really couldn't....and if you did....no-one would believe you! : )

[thecynical1] 12/2/2015 13:24

an easy fix.....what like......move the ocean.....that will be an "easy fix"......

[888icb] 12/2/2015 12:07

It sounds as if there is an easy fix to the potential threat to the pipeline which is already underway.
It is amazing how some people have got nothing better to do with their time other than clutching at straws so that they can post comments designed to put the shares in a negative light.

[blackgold00] 12/2/2015 11:50

thecynical1, you couldn't make it up could you.

[thecynical1] 12/2/2015 11:37

blackgold.....if that report has any substance, it looks to me like the engineers who planned that pipeline need a refresher course in risk assessment / risk management

[last throw] 12/2/2015 11:27

Hi all

Idling away my day, I cam across this:

hxxp://www.hoifuenergy.com/eva6.html

Some words have been lost in translation but it makes for good reading, underscoring as it does the technical and financial investment Hoifu have made in WEEM 2.

10% of that could be quite something!

LT - apologies if it's been posted before.

[blackgold00] 12/2/2015 11:01

hmm, that's all they need

(Rising tides threaten Mtwara gas pipeline)

[blackgold00] 12/2/2015 10:18

also from Solo's last RNS.

Neil Ritson, Solo's Chairman, commented:

"As we reach the point of gas commercialisation we are naturally tracking the process very closely and shortly expect to see final hook-up and pressure testing get underway. With the imminent hook-up we also remain extremely confident that the GSA will be signed in time to commence exports of gas from the field as soon as the facilities are complete."

[blackgold00] 12/2/2015 10:07

from AEX last RNS, which to me can only relate to the Songo Songo processing plant and spur/ hook-up line.

"The Board expects the GSA to be signed prior to any gas being delivered for pressure testing or commissioning and the Company will continue to keep the market informed on developments accordingly."

[ngms27] 12/2/2015 09:55

I think he meant the main pipeline not the spur so M&P/Wentworth who have a their GSA in place.

AEX made it clear, no GSA no gas for testing

[ngms27] 12/2/2015 09:23

Perhaps so but it won't be Gas from KN-1

[blackgold00] 12/2/2015 09:22

from Eliwallach from lse

"I've had a few mails from Neil Ritson, one saying there is no delay with the pipeline, if anything it was ahead of schedule. I told him these were rumours circulating message boards and he said he had looked into it and it's just confusion over when the pipeline will be in use and when it's formally handed over to the Tanzanians! His final words were 'gas will be sold though the pipeline before the formal handover which occurs when everything is complete'"

"Positive words as always from NR! Not long now I'm sure"