Aminex Share Discussion Threads

[tidy 2] 28/2/2017 11:23

The gas is there and highly pressurised flaring as we speak and flow testing ongoing.

[tidy 2] 28/2/2017 11:21

Ngm still after a buy in lmao

[ngms27] 28/2/2017 11:15

LOL this is Africa. By the time palms have been greased the projects slip a few years.

Remember KN-1 was sidelined for years yet Aminex said they had a contract that said they had access to the old Songo Songo gas plant and pipe.

Aminex cannot even get a commercial rate agreed for KN-1 yet.

[dbfromgb] 28/2/2017 11:13

Interesting post no 472 on the WRL BB in which the ex FD at Wentworth talks about monetisation of gas.

[billy_buffin] 28/2/2017 11:08

Max. Projected demand mmscf/d
2016 166
2017 214
2018 291
2019 379
2020 469

[tidy 2] 28/2/2017 11:06

We have has flare !!

[ngms27] 28/2/2017 11:02

haggis, M&P/Wentworth already have a signed, sealed, delivered GSA for upto 130mmscfpd. Currently they are producing 44mmscfpd. Rounds it up nicely with this demand don't you think?

On the other hand AEX don't even have an agreed commercial rate for KN-1 yet.

M&P/Wentworth will undoubtedly be supplying this demand if they can.

I still maintain that it's highly unlikely that Ntorya gas will have any meaningful market until the 2020's.

[bunbooster2] 28/2/2017 11:01

I have never seen it stated that WRL/M&P will be the sole gas supplier to Kineyerezi I and II. In their statement they are saying that there will be additional demand but nothing about that being supplied solely by them. If it were I think they would have been loud and proud about it. However WRL have said that part of the reason there output has been restricted has been competition, ie gas supply from KN-1, and I see no reason why that wouldn't continue.

[thegreatgeraldo] 28/2/2017 10:55

Obvious follow-on question is, "What's the future demand for electricity looking like?"

[haggismchaggis] 28/2/2017 10:55

I don't believe gas is contracted to power stations, it is contracted into the pipeline. What TPDC/Tanesco choose to use the gas for, is entirely up to them, once the gas is in the pipeline.

[haggismchaggis] 28/2/2017 10:53

As stated by WRL today."Kinyerezi-I Expansion and Kinyerezi-II gas-fired power generation facilities are under construction and on schedule for completion and commission starting in 2018; anticipated additional demand from power sector of 70 - 80 MMscf/d once these new facilities are fully operational."

[thegreatgeraldo] 28/2/2017 10:34

It would be quite an act of faith to build a gas powered station without contracting gas to power it....

[ngms27] 28/2/2017 10:29

I'd think 390MW requires around 60 to 65mmscfpd rather than 100mmscfpd. These have already been assigned to M&P/Wentworth I believe.

[billy_buffin] 28/2/2017 10:15

Above total 390MW requires around 100mmscf/d (CCGT) for the two (assume not CHP)

[tidy 2] 28/2/2017 09:19

That's our place.

[tidy 2] 28/2/2017 09:19

Future development of TanzaniaWorld bank... The Bank is supporting ongoing projects in Tanzania's energy sector including in power generation and capacity strengthening in addition to two recent development policy operations in 2013 and 2014. Among the recent significant achievements registered in the Sector are the progress of the gas-to-power program - a key medium to long-term cost reduction measure, enabled by the completion of a large gas transmission pipeline, connecting producing fields in Mtwara and Songo-Songo to Dar es Salaam. A new 150MW gas power plant (Kinyerezi I) has been completed while the construction of another 240MW gas power plant (Kinyerezi II) has also begun. With the increased gas production and gas becoming available to all existing and newly commissioned power plants in the Dar es Salaam area, this has eliminated the need for using more costly liquid fuels in those plants and significantly reduced the cost of generation.

[tidy 2] 28/2/2017 09:15

With an estimated 55 trillion cubic feet of natural gas reserves that are expected to rise in future, Tanzania is now firmly on the world energy map as a hot spot for the global energy industry.Hello Aex

[tidy 2] 28/2/2017 09:11

Today 09:04 Price: 6.95PHILBORO 795 postsAexJust a bit of info, not really big news but the " flare is lit"Observation Strong BuyReply to postReport post

[tidy 2] 28/2/2017 08:58

https://www.macroaxis.com/invest/technicalAnalysis/AEX.L--Naive-Prediction#

[warbaby43] 28/2/2017 08:37

Maintaining the fiction that the Tanzanian state will fund the LNG plant - $30bn = c80% of current GDP

[skinwalker] 28/2/2017 08:36

I think that nutcase Celticheart on LSE is your conspiracy theory leader. Did he write the book you've all read?

[888icb] 28/2/2017 08:35

Solo is currently staying in positive territory.

[kryptonsnake] 28/2/2017 08:21

Bit of panic buying going on this morning? MM's making the spread wider to make more money.

[haggismchaggis] 28/2/2017 08:10

It's a cover up. We know how MM's and II's really work.