Aminex Share Discussion Threads

[greyingsurfer] 13/12/2016 10:32

Odd tweets from Lenigas. They found oil but Tullow wanted to keep hush to guard their competitive advantage elsewhere in East Africa.

Clearly not true - there's no question that TLW pulled out because their only interest was oil and their view from L-1 was that there wasn't any in recoverable or commercial quantities. Of course, they may yet be proved wrong about that - but the big difference between now and then is that there is a rapidly developing gas market and infrastructure.

Anyone who pays much attention to DL's tweet and tries to analyse them is wasting their time. They consistently stretch the underlying truth as far as it possibly can be to suit his agenda.

Peter

[pj 1] 13/12/2016 10:03

So if you turn it on it's head, you could actually say TLW and AEX mis-led the Market?

[bunbooster2] 13/12/2016 09:59

Odd tweets from Lenigas. They found oil but Tullow wanted to keep hush to guard their competitive advantage elsewhere in East Africa. Nice if it's actually true but seems hard to believe. I thought the rumour at the time was TLW walked because no oil and Ruvuma looked prone to small pockets of isolated gas.

Wonder if they are trying to pump price then capital raise.

I guess we'll see what the drillbit shows.

[blackgold00] 13/12/2016 09:03

i guess due to the depth that the well reached 3,647 metres when they encountered the high gas influx, they must had been drilling through the deepest objectives the Triassic (Permo-Trias Karoo), which i think is earlier than Jurassic? ngms how do you see it? for what ever reason TLW never made things clear.



4 January 2010

"Ruvuma PSA: Likonde-1, the first well to be drilled on the Ruvuma PSA, is due to
be spudded on 7 January 2010 and drilled to a programmed total depth of 3,200
metres. Drilling time is estimated to be around two months, subject to any
operational delays which can occur in a remote frontier area. "


"The Likonde prospect is a robust faulted rollover structure with the potential
for 500 million barrels of oil in place and estimated P10 recoverable reserves
in excess of 150 million barrels of oil, risked by Aminex at a 1 in 4 chance of
success. The Likonde-1 well will test multiple targets in the Tertiary,
Cretaceous, and Permo-Trias Karoo intervals."



01 April 2010
"The well was drilled to a total depth of 3,647 metres and results of
drilling, wireline logs and side-wall coring have shown that the well has
intersected two sandstone intervals of over 250 metres (820 feet) combined
thickness with evidence of residual oil and gas. Drilling had to be terminated
in the deepest objectives due to high gas influx."

[pj 1] 13/12/2016 08:39

pmsl. Ask if if he's ever claimed hes seen 3d seismic, when none existed?

Have a look at the Co'S he has ramped in the last year. Look where they are now (some are as good as insolvent and / or fraudulent)

[ngms27] 13/12/2016 08:37

A small percentage of 100 billion could still be rather a lot. However I agree Horse Hill is the most over hyped play I've ever seen.

I also expect a placing at Solo given these tweets...

[qackers] 13/12/2016 08:36

Whatever you think of DL it is an interesting read. He knows the rules so I don't think he would post anything that wasn't true especially in such a public way.


David Lenigas
‏@DavidLenigas
What some folk (bloggers) forget is I drilled Likondie-1 well. I've seen the logs and all the results. It was never tested! Tullow refused!

7:58 PM - 12 Dec 2016

[pj 1] 13/12/2016 08:25

Always a Lenigas ramp before a placing.

[tournesol] 13/12/2016 08:25

Remember Lenigas made somewhat optimistic claims about oil discoveries near Gatwick.

"..David Lenigas, the flamboyant Australian entrepreneur behind the Horse Hill project, claimed last year that there were 100 billion barrels in the ground, only to be forced by regulators to clarify that only a small percentage could be retrieved….."

source:- www.independent.co.uk/news/business/news/david-lenigas-hails-fantabulous-early-test-results-at-gatwick-oil-well-a6878551.html

[ngms27] 13/12/2016 08:01

Well I've always maintained the kick at Likonde was likely significant and I've been posting my theory that NT-3 is effectively drilling the Likonde sands from where the kick came from. We all know that for Tullow it was the black stuff or nothing.

I think Mr Lenigas is suggesting that the kick may have been a gas cap and there COULD be oil below.

Either way it's interesting when we get to NT-3 to find out, hopefully they have a suitable BOP and mud to cope...

[qackers] 12/12/2016 23:17

More from Twitter

David Lenigas
‏@DavidLenigas
Message to KevJones2 on ADVFN. You were not privy to discussions with Tullow, Aminex and Solo the night before Likondie News. You are wrong!


David Lenigas ‏@DavidLenigas 18m18 minutes ago

Likondie-1 well stopped as we hit massive gas spike and was too unsafe to drill another metre. We risked losing the string and the rig. FACT


More
David Lenigas ‏@DavidLenigas 15m15 minutes ago

Likondie-1 had oil shows above gas. Angus McCoss from Tullow changed news release night before to "plug&abondon" To disgust of JV partners


Sunnyjim ‏@monkeynugget14 19m19 minutes ago
@DavidLenigas I think he's hinting at a possible oil play here not just gas as most expecting.

More
Share Money ‏@shareGBP 22m22 minutes ago
@DavidLenigas you expecting fireworks in Tanzania David? High impact / potential drill. Exciting prospect! #solo #aex

[ngms27] 12/12/2016 20:34

Ntorya-3 is targeting 5 separate reservoirs so you could well be correct

[vike1] 12/12/2016 20:33

My takeaways from discussions with mgmt is that NT2 is all about the gas, but there's a real chance for oil in NT3. The Zubairs were pushing to drill NT3 first, but AEX wanted to take lower risk approach by targeting NT2 first and prioritise establishing an EPS.

[dbfromgb] 12/12/2016 20:05

Ntorya 3 is though what I am getting excited about. My understanding (and I may be wrong on this) is that this is targeting both Ntorya updip and Likonde updip. Ntorya 1 was always intended to intercept the Likonde sands and just missed. An analogy I heard was of two table tennis bats lying one above the other but slightly offset. LIkonde 1 caught the handle of one, and Ntorya 1 the handle of the other. Ntorya 3 is target where the main part of the bats sit directly on top of each other. Both Ntorya and Likonde could have oil which has migrated updip, with gas at the handle ends. There are other target zones as well.So my take is that yes, there is a real chance of oil (or other condensates/liquids) that could prove transformational.But until the wells are drilled it is all guesswork, albeit of the educated variety.

[gerryjames] 12/12/2016 20:03

Good Photographer. Alas the lure of oil couldn't prevent his migration.

"I am a geologist by profession and have been fortunate to have travelled to many different environments around the world – often to places inaccessible to the regular tourist."

[dbfromgb] 12/12/2016 19:54

My understanding is that Ntorya 2 is primarily about appraising the Ntorya 1 well in a location updip where the sands are thicker and above the water line. There are other targets on the way down but I think these may be seen as indicative rather than reservoirs in their own right, but may prompt further seismic if they have a bearing on the next well.

[dbfromgb] 12/12/2016 19:47

Likonde 1 was all about oil. There were very significant liquid readings showing that oil had been present, close but no cigar. The Gas that they hit at depth (notwithstanding the fact that the pressure was so high they could not control it) was seen as a negative because it was not oil. Today, with the new pipeline it would have been seen as a discovery.Ntorya 1 was also about oil, with some liquid readings (but not I think as significant as at Likonde) but this time the gas was seen as a positive albeit thin sands at that point.Mike Rego some time ago said to me that he was certain that geologically there was an oil source and the question was where the oil had migrated to.

[ngms27] 12/12/2016 18:53

Um, is he really suggesting that NT-2 or most likely NT-3 could be oil bearing in one of the sands?

[tuff] 12/12/2016 18:49

Beaufort Securities, Charlie Long talks about Solo Oil and Malcy covers the price of oil, Range Resources #RRL Trinity Exploration, Aminex and SOLOhttps://audioboom.com/posts/5385210-660-charlie-long-on-solo-oil-solo-and-malcy-on-rrl-trin-aex-solo

[qackers] 12/12/2016 18:23

Interesting tweet from DL


David Lenigas
‏@DavidLenigas
Looking forward to @SoloOilplc next well in Tanzania. I remember when Likondie-1 hit big oil shows above the gas but Tullow wanted it hushed

6:47 AM - 12 Dec 2016

[pj 1] 12/12/2016 11:18

I seem to remember he followed Deitmer out? Seems a long time ago.......

[blackgold00] 12/12/2016 11:13

O well PJ, I suppose beauty is in the eye of the beholder. Anyway have we a spud on the menu this week?

[blackgold00] 12/12/2016 11:07

yes just seen that, maybe the market sees Wentworth as benefiting from the TPDC Dangote deal

[pj 1] 12/12/2016 11:07

The last time I spoke to Mark a few months ago he had a 'Bargepole' valuation on AEX.

[888icb] 12/12/2016 11:05

I agree Marben used to post some interesting views on AEX but I have not seen anything from him for sometime.
Interestingly Wentworth is UP 10% this morning on no news.