Tanzania

Friday, May 22 2009 by
28

NO TA ON THIS THREAD PLEASE

Aminex has significant interests in Tanzania, including Ruvuma which will be drilled later this year.

Having started this thread some months ago, I have now added doverbeach, SW10chap, tournesol and marben100 as collaborators on the thread and intend that any moderation (or proper header writing/amending !) that may be required should be done by them and not me.

I hope that the outcome of this thread proves a happy one for all concerned.

ee


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Aminex PLC is engaged in the exploration for, and the development and production of oil and gas reserves. Its principal area of activities includes the United States, East Africa, North Africa and North Korea. Its segments include Producing Oil and Gas Properties, Exploration Activities and Oilfield Services and Supplies. The Company's licenses in Tanzania include Nyuni PSA, Kiliwani North and Ruvuma PSA. During the year ended December 31, 2010, it drilled three wells, one in Tanzania and two in the United States. As of December 31, 2010, the Company held leases at Shoats Creek covering approximately 2,100 acres. Aminex Oilfield Services & Supply Company (AMOSSCO), its wholly owned subsidiary, provides logistics services to oil industry and sources oilfield equipment and consumables to international oil companies. In October 2013, Aminex Plc announced the sale of its producing gas wells at the South Weslaco Field, Hidalgo County, Texas to Northcote Energy PLC. more »

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608 Posts on this Thread show/hide all

DearLeader 28th Apr '11 369 of 608

In reply to djpreston, post #368

Thanks for that Darron.
Do you know if they are more offshore? These maps show some interesting areas to the North-East, East of Mafia:

http://www.energy-pedia.com/article.aspx?articleid=144975

cheers
DL

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peterg 28th Apr '11 370 of 608
4

In reply to DearLeader, post #369

Totally agree, I'm little short of gobsmacked by the flatlining of the SP recently, while a string of positive news has come out, some of which addresses the most fundamental concerns about the company and its future. Were I not fully loaded I'd probably be very pleased and buying more.

I'm not sure that the AR tells us much more than we knew already about the new Nyuni PSA, it's clearly still waiting for final approval/presidential signature, and it will be very interesting to see the detail when that happens.

Your link, DL, is interesting, not only in terms of the blocks shown but more immediately for its headline: "Tanzania postpones 4th offshore licensing round until 2012". I don't know what that means in terms of AEX? Are 4 of the blocks that have been withdrawn from the licensing round already earmarked for the PSA, or will we have to wait till 2012 for finalisation? Certainly the tone of the last 2 announcements on this strongly suggest that specific blocks have been assigned, short of a signature. Presumably the other alternative is that they are inshore blocks, immediately north of Nyuni, and hence not in this round. The only problem with that theory is that area is marked as assigned in your link - but it's presumably possible some have been relinquished?

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davjo 28th Apr '11 371 of 608
6

Re :-

This new
PSA will cover the existing area held
under licence with the exception
of the Kiliwani North Development
Licence area together with four
additional blocks to the north

There’s a supposedly up to date (April 2011) Ministry explo licence map here :-
http://www.tpdc-tz.com/TANZANIA%20ACTIVITY%20MAP-APRIL-2011.pdf

Observations :-

As far as I can tell, there are no open blocks to the north. Four blocks sounds an awful lot in one go, so must be small? Combining Nyuni with new blocks under a single PSA sounds as if they are neighbouring each other? Likely contender, relinquished bits and bobs from M&P’s Bigwa Rufigi Mafia block immediately to the north of Nyuni? This explo licence was signed in 2003/4 and ends 2015, so they are presumably just entering their final explo period, probably having relinquished acreage twice to date. That could easily amount to four smallish areas.

Brief check on M&P’s activity on the block suggests they’ve drilled up to seven wells, having spent about $140m in the process. Modicum of success with yet to be proved tcf or two of gas. If this acreage is indeed the subject of AEX’s new PSA, I trust and hope their focus will be on the shallow stuff. M&P’s Mafia Deep well appears to be a TGD lookalike in terms of trouble and cost seeking the biggy!

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Surandy 29th Apr '11 372 of 608
1

I presume the blocks that Aminex are talking about are linear blocks (Kiliwani North Development Block consists of one linear block), Nyuni PSA is 3 linear blocks wide at the northern end of the PSA so I'm presuming they are talking about the three blocks directly north of Nyuni and one other adjacent block.

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blackgold00 30th Apr '11 373 of 608
1

Interesting read, a lot of info, they sure got a problem with tubing corrosion in their wells at Songo Songo.

Orca Exploration Group INC. 2010 Annual Report

http://www.orcaexploration.com/2011/Orca_Exploration_AR_2011.pdf

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safetyfirst 1st May '11 374 of 608

Thanks Blackgold, a very informative and comprehensive annual report from Orca as usual.

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blackgold00 3rd May '11 375 of 608
5

What a maze, the corridors of power are in Tanzania. It’s a few weeks old, but quite an over view, of the energy situation in Tanzania and what Aminex has been up against.

http://zittokabwe.wordpress.com/2011/04/08/restructuring-reforming-tanzania-petroleum-development-corporationtpdc/

"Restructuring Tanzania Petroleum Development Corporation (TPDC)"

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D1G3Y 5th May '11 376 of 608
4

In reply to blackgold00, post #373

Orca's SS-9 well will have to be taken off production by Q1 2012 (subject to well re-loggin Sep 2011) this well produced 9.4BCF in 2010.

Orca are looking to drill a new well SS-A in 2011 and increase production from SS-10 to bridge the gap of the SS-9 well going off production.

At a time where Tanzania is already suffering numerous controlled power outages and with light rain limiting the ability to utilize hydro electric power option, getting the Aex gas on stream as a safe guard for Q1 2012 would look like even more of a compelling event to get the required approvals in place now. Do we have an estimate of how long it will take to get the Aex pipeline inplace and hooked up? D1G3Y



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blackgold00 5th May '11 377 of 608
2

In reply to D1G3Y, post #376

"Do we have an estimate of how long it will take to get the Aex pipeline inplace and hooked up? D1G3Y "

I don't think we have had an estimate of time to put (pipline in place and hook up) put into the public arena, but I’m pretty sure that if it can be achieved in such a short time frame then Aminex has it covered, Orca gas supply issues has been realised for some time now, so Aminex and the Tanzanian authorities have had some time to consider best options and plan to bring KN gas online as a contingent safe guard. I seem to remember reading some where Aminex has already carried out an (environmental impact study)

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Surandy 5th May '11 378 of 608

My understanding from reading the proposal for the expansion of the Songas plant was that a tie-in point (that could be utilised by a third party such as the Nyuni JV partners) would be completed in conjunction with the expansion of the plant. Orca is currently saying that the upgrade to the gas plant (which is still awaiting official approval, last I read was that this was awaiting final engineering drawings) won't be completed until 2013 so presumably the Kiliwani North field couldn't be brought into before then unless someone is prepared to pay overs to have the tie-in point done separately from the plant expansion.

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flyingswan 9th May '11 379 of 608
4

Surandy this may be of interest....Tanzania Government needs Aminex's AEX Gas. Perhaps they are installing the Pipeline connectors during this shutdown for Aminex AEX to start selling its Gas?

http://www.ippmedia.com/frontend/index.php?l=28910

Aminex (LON:AEX)

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dbfromgb 9th May '11 380 of 608
1

FS

Thanks - a good find. Of particular note....

"He cited the upcoming Songo Songo shutdown as evidence of a lack of vision, saying that government and TANESCO should have diversified their gas portfolio so that the entire national grid is not disrupted when one gas supplier is carrying out maintenance work".

You don't have to read too far between the lines to understand what he is getting at!

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peterg 9th May '11 381 of 608

In reply to dbfromgb, post #380

You don't have to read too far between the lines to understand what he is getting at!

Of course, shutting the gas plant would stop supply of KN gas too, were it being delivered, so he may not be talking about KN gas there, or at least not that alone.

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dbfromgb 9th May '11 382 of 608
1

Peter

You may be right. I had thought it was to do with Orca shutting down some of their Songo Songo production capacity for essential well maintenance following pipe corrosion (see Orca latest report), but if it is the Songas plant itself that is shutting down for upgrade/maintenance then that is another thing. In that case the reference is presumably to Mtawara.

In any event it has highlighted the fact that they recognise the need to diversify suppliers

dbfromgb

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blackgold00 9th May '11 383 of 608
1

Yes I think we are talking about shutting the plant because of the need for well maintenance, but also then taking the opportunity to service the plant as well.

From the start of the report.

"The Tanesco announcement of electricity rationing to allow servicing of the Songosongo natural gas wells and plants, against the reported poor water flow into Mtera dam has consumers worried over continuing power blues."

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flyingswan 22nd May '11 384 of 608

Here is some background info from last week on Aminex (LON:AEX) and is looking good for the coming week IMHO:

The Irish Times - Friday, May 20, 2011
Aminex upbeat on gas operation in Tanzania:

http://www.irishtimes.com/newspaper/finance/2011/0520/1224297354480.html

Broker Fox Davies has backed the view of other brokers who follow oil and gas explorer Aminex (LON:AEX) by pointing out that shares in the firm will be driven in the near term by the company’s Tanzanian exploration activities.

The broker said that the news that Aminex, Tullow and Solo Oil have approached the Tanzanian authorities for the approval of the next Ruvuma exploration well “is positive as it confirms the partners’ commitment to the exploration expenditure”. Fox Davies said that it retained its buy recommendation and a target price of 13 pence per share.

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/5399/broker-roundup-standard-chartered-enterprise-inns-experian-bp-aminex-falkland-oil-gas-metminco-geong-5399.html

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flyingswan 24th May '11 385 of 608
4

Aminex (LON:AEX) is looking set to move up now with all the drilling prospects about to Spud. IMHO

Anyone else got any suggestions?

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blackgold00 26th May '11 386 of 608
2

could be an interesting read tomorow, i think are gas is going to be in big demand

"Fight for power in Tanzania"

"Corrosion issues on a Tanzania gas field are causing mounting problems for the operator, which is fighting to restore production on which the capital Dar es Salaam and the rest of the country’s industrial activity depends for its power supplies."

Upstream staff 26 May 2011 07:46 GMT

Find out more in the new-look Upstream newspaper, available tomorrow.

Published: 26 May 2011 07:46 GMT | Last updated: 26 May 2011 07:49 GMT



http://www.upstreamonline.com/live/article258201.ece?WT.mc_id=rechargenews_rss

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blackgold00 27th May '11 387 of 608
5

thanks to spursmatt99 from over at that other place, a little bit more info may be. and diagrams


Distributed: May 27, 2011

Bounty Oil And Gas Nl (ASX:BUY) Nyuni 2 Well And Block Update - Tanzania
News
Company Overview
More..
Bounty Oil And Gas Nl (ASX:BUY)

Bounty Oil And Gas Nl (ASX:BUY) Nyuni 2 Well And Block Update - Tanzania
Sydney, May 27, 2011 (ABN Newswire) - Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) is pleased to announce an update on the planned Nyuni 2 appraisal well, the Nyuni Block and Kiliwani North Gas Field developments, Tanzania.

Nyuni 2 Apraisal Well

Bounty expects the Nyuni 2 well to spud around 8 June 2011. Shareholders will be advised further on progress closer to the expected spud date.

The Caroil 6 drilling rig has been off -loaded to Nyuni Island where it is currently 50% rigged up at the location and additional equipment is being delivered. The 30" conductor pipe for the well has already been set.

Nyuni 2 will be drilled from the same lease location on Nyuni Island as the Nyuni 1 well drilled by the joint venture in 2004. The planned well depth is expected to be 3325 metres BRT.



For the complete Bounty Oil And Gas announcement including diagrams, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/635957.pdf

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salty64 27th May '11 388 of 608

Bounty spelled it out for us in a little more detail and mentioned the spud date of 8th June.
Then the RNS from AEX:

http://www.investegate.co.uk/Article.aspx?id=201105190700138755G

The highlights say sufficient for me, though I have read it in full.

HIGHLIGHTS

· Rig now mobilised for Nyuni-2 well, offshore Tanzania, which will be spudded shortly.

· Next prospect in Ruvuma Basin now identified and awaiting government consent for drilling this year.

· Recent Development Licence award for Kiliwani North gas field is key to commercialisation.

· Further drilling planned this summer at Shoats Creek, Louisiana.

· Sunny Ernst-2, Alta Loma, Texas now recompleted and producing from the 'S' sands.

· New PSA to replace expiring agreement at Nyuni, Tanzania is negotiated and awaiting ratification.

· Institutional placing and open offer of new shares in first quarter raising £26 million (before expenses) leaves Aminex securely funded to implement a significant exploration and development programme.

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