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[mjapac32] 11/7/2024 18:29

Was a good RNS though! #bellend

[haggismchaggis] 11/7/2024 15:28

ARA fit what TPDC want.
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[haggismchaggis] 11/7/2024 15:17

A good example of TPDC bringing in private investment. Also, more outlets for our Gas.
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TPDC, private sector to build 28 natural gas filling stations
By Christina Mwakangale , The Guardian
Published at 08:38 AM Jul 10 2024
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THE Tanzania Petroleum Development Corporation (TPDC) has been tasked with increasing compressed natural gas (CNG) filling stations for motorists in Dar es Salaam and Coast regions from the current two stations to 30 during the current financial year.
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He reiterated the government’s wish that the private sector invest in gas filling facilities to increase the speed of available service centres, urging greater collaboration with TPDC without explicitly setting out the commercial arrangements for mainstreaming that effort.
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“Through TPDC and the steps that the ministry has been taking, we believe the private sector will involve itself so that we do not exclusively rely on TPDC," he said.
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[haggismchaggis] 11/7/2024 14:27

From Ufufuo on lse.
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Something I posted on Telegram the other day but forgot to put on here…
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At the AGM, The Board said that two gas fired power plants are under construction. So, I did a brief search to see what I could find. This TANESCO document from August last year details major power investment projects (so it’s less than a year old): hxxps://www.tanesco.co.tz/attachments/investors_portal/doc_priority_project/PRIORITY%20PROJECTS%20TANESCO.pdf
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The first section is ‘Short Term Generation Projects To be Implemented By June 2025. Hey presto! That section has just two projects - two gas fired power plants!
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✅ The first is the 70MW Umbungo II gas fired plant
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✅ The second is the 300MW Kinyerezi III gas fired plant
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Following that, the document details plans for an additional gas fired power plant to be completed each year until 2030. Those are:
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✅ 320MW Somanga Fungu gas fired power plant. Target to be online: Aug 2026
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✅ 318MW Somanga Fungu (Mtama) gas fired power project. Target to be online: Oct 2027
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✅300MW Mtwara combined cycle gas turbine power project. Target to be online: Sept 2028
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✅330MW Kinyerezi IV combined cycle gas fired power project: Target to be online: Mar 2029
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✅300MW Mtwara II combined cycle gas fired power project. Target to be online: ‘by 2030’
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So, that’s 7 additional gas fired power plants planned to be producing power by 2030, with a new power plant every year! Together, they add up to 1,938MW of new gas fired power generation!
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All part of Tanzania being a regional energy hub. If the offshore LNG project ever goes ahead, it will not be ready in time to meet any of this new demand. Ruvuma is in pole position.

[haggismchaggis] 11/7/2024 14:26

HaiderAliFool,
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Not connected to any RNS we are waiting for. The GPP is not needed for the 140mmscfd already planned for production from Ntorya.
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The ARA plan update is IMVHO awaiting a decision on whether to use the Maurel et Prom rig and drill CH-1 in December, saving money by sharing one of MeP's Caroil rigs, or alternatively to ship ARA's rig from Oman and drill CH-1 a bit earlier.
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The well pad will take 1-2 months, plus site clearance, camp setup, etc. So the time saving between the two options is minimal, which is likely why they are looking at the rig sharing option at all.

[888icb] 11/7/2024 14:10

AEX rising now Up 8.77% at 1.55p on volume of 7 million.1.6p has just been paid.

[bhoddhisattva] 11/7/2024 13:38

Please don’t feed the troll - help his/her mental health and recovery by ignoring them.

Haiders post is a further step along the hopefully short road to news and SP🚀

[haideralifool] 11/7/2024 13:13

"The right time to make the decision on this is NOW, before the trench for the Madimba pipeline is dug, as laying both pipelines at the same time would significantly cut costs and save doing everything twice, the Ntorya GPP can be built afterwards."

Could this be the reason or the delay in an RNS?

[haggismchaggis] 11/7/2024 12:10

Multi TCF resources, could be up to 16.2 TCF

Looking at GTL and fertilizer for even more output

LNG to Uganda now a clear option

LNG to Kenya and Zambia likely to be proposed following Uganda coming up with the idea

Pipelines to Uganda, Kenya and Zambia for huge amounts of gas, all three being actively looked at

Potential to strike Oil in any of the 24 untested traps, with wells penetrating multiple traps at the same time

Gas flowing in April 2025, 8 months earlier than originally planned

CPR report either before or after CH-1 analysis, giving AEX significantly increased reserves (assets) to report

[haggismchaggis] 11/7/2024 11:38

I said recently that the Madimba plant can take 140mmscfd, but they had in the past mentioned a possible GPP at Ntorya, so could run a parallel pipeline in the same route as the one to Madimba, giving them one pipe carrying unprocessed gas to Madimba for processing there, and another pipeline carrying processed gas from the Ntorya GPP to connect straight into the Dar es Salaam pipeline.
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The right time to make the decision on this is NOW, before the trench for the Madimba pipeline is dug, as laying both pipelines at the same time would significantly cut costs and save doing everything twice, the Ntorya GPP can be built afterwards.
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"The pipeline capacity from Madimba to Kinyerezi is 784 mmscfd, which can be increased to 1002 mmscfd with compression"
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There is clearly demand potential for ARA+AEX to put 250mmscfd into the pipeline, as that is what they are looking at skimming off the huge LNG feeds. The LNG feeds are many years away from being connected up, but we can get that gas into the pipeline much quicker.
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"About 10% of the gas to be produced from the proposed LNG terminal, around 250 MMscfd will be used domestically to fuel industries,"
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On top of this Tanzania are looking at pipelines to Uganda, Kenya and Zambia. If they sent each of those 100mmscfd then you're looking at potential for up to 550mmscfd from Ntorya, which is possibly doable when you work out that the 140mmscfd was based on 2.3TCF and there could be 16.2TCF there.
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140 / 2.3 X 16.2 = 986mmsfcd over 25 years.

[rangenoresources] 11/7/2024 10:00

Looks like HE1 will be back up to 1.40-1.50 by the end of the day. Clearly someone believes in them.

[rangenoresources] 11/7/2024 07:33

Skin - morning. What makes you think that? EWT hasn’t happened yet. I must admit the presentation was a bit amateurish. Reminded me of Blunderheed and his pals on a PlayStation!

🤭🤭🤭🤭9325;🤭ԍ25;🤭🤭;🤭🤭🤭

[fatfish] 11/7/2024 06:16

and no doubt a lot of people made a good profit with the recent price action.
why do people only tell one side of a story. just saying like.

[skinwalker] 10/7/2024 22:49

I have to say it looks like Helium 1 is a dead duck.
Shame. A lot of people have lost a lot of money I fear.

[slingerman] 10/7/2024 18:41

RNS 1st thing haggis .....???

[haggismchaggis] 10/7/2024 14:59

1 trade at 14:27.

[mjapac32] 10/7/2024 12:30

Sea of red today over at Helium One to be expected I suppose