Study Article - Ntorya Gas Condensate Field, Ruvuma Basin, Tanzania

Ntorya gas condensate field located in south-east Tanzania and forms part of the Ruvuma Petroleum Sharing Agreement (PSA), which is jointly owned by its operator Aminex (75%) and UK-based Solo Oil (25%).

The JV submitted a development plan for the gas field to the Tanzania Petroleum Development Corporation in September 2017.

io GE Company "Indicating Positive Economics for Early Production & Full Field Development" Says Solos Neil Ritson

Solo Oil Plc Interim results from DirectorsTalk on Vimeo.

"io GE Company "Indicating Positive Economics for Early Production & Full Field Development" at 2min 15sec  -  First 4 minutes relevant to Aminex

AMINEX returns to profit - Half Yearly Results

2017 HALF-YEARLY REPORT

Aminex PLC ("Aminex" or "the Group" or "the Company") announces its half-yearly report for the six months ended 30 June 2017.

FINANCIAL HIGHLIGHTS

               ·      Profit for the period of $1.01 million (30 June 2016: loss $2.45 million)

               ·      Repayment of the corporate loan: Aminex now debt-free

               ·      Cash balance of $6.91 million at 30 June 2017

OPERATING HIGHLIGHTS

               ·      Successful completion and testing of the Ntorya-2 appraisal well at 17 MMcfd

               ·      Ntorya-2 well encountered 31 metres of high quality net gas pay

               ·      Average production from Kiliwani North-1 of approximately 15 MMcfd for the first half of 2017

Multibillion development projects under execution to transform the tourist city of Arusha, Tanzania

ROBUST multibillion development projects are currently under execution to transform the tourist city of Arusha, President John Magufuli said here, yesterday.

He cited the construction of the 139bn/- Usa River- Arusha road, 42bn/- Arusha Water Project and the Rural Electrification project that will supply power to the region’s over 200 villages.

Dr Magufuli was addressing residents of Sangsi suburb on the outskirts of Arusha city. The ‘wananchi’ had intercepted the presidential motorcade to Kilimanjaro International Airport (KIA) for a flight back to Dar es Salaam, seeking to express their grievances.

Hussein Boffu of Tanzania Petroleum states that Petroleum Upstream Regulatory Authority (PURA) will approve

UK independent exploration and production company (Aminex) has applied for development license of Notary field, Ruvuma basin in Tanzania. Aminex submitted development plan to Tanzania petroleum development operation (TPDC).

And Petroleum Upstream Regulatory Authority (PURA) will approve.

More ducks join the line - Licence a Foregone Conclusion?

Update:

• Io a GE company collaboration announced to develop Ntorya field
• 25 year licence application due early September
• Updated Basin Model expected to bring upgraded figures
• Basin model updates reservoir to 1.3TCF
• Licence now applied for and awaiting approval
• Half Yearly results due before end of September
• Wider basin model and NT3 decisions expected 4th Qtr.

Licence could be a foregone conclusion...

“The supply at the moment is good. We can pump 300million cubic foot a day from Mnazi Bay and Songo Songo. The supply will be boosted further when gas from another field at Nturya in Mtwara comes in…,” Mr Musomba said.

Aaron LeBlanc announced as Chief Operating Officer “His early career was spent with Devon Energy Corporation where he was an integral member of the acquisition and development group for the Iron River oilfield which saw production increase from under 3,000 bbl/d to

War Against Corruption Policy Bringing Tanziana More Overseas Investment

In an exclusive interview with the ‘Daily News’ in Dar es Salaam yesterday, TIC Public Relations Manager Pendo Gondwe, said global reports rank Tanzania among the best destinations for investment in Africa.

Ms Gondwe also disclosed that newly registered investments each accounts for not less than $100m, citing the key areas that had attracted investors as agriculture, fishing, energy and constructions and transportation – all of which reflect the country’s focus towards industrial economy.

Chinese Jinpeng become a Cornerstone Investor: Building Jumbo Processing Plant at Lindi

Jinpeng has extensive experience in Africa and will become Walkabout's largest shareholder.

 On-site at Lindi

Walkabout Resources Ltd (ASX:WKT) has shown that quality assets in Tanzania attract investment, with Chinese engineering firm Jinpeng Mining and Machinery Co. Ltd. investing US$1 million.

Jinpeng will now become Walkabout's largest shareholder with a holding of 10.6% and has not ruled out further investment to support the company in developing the Lindi Jumbo Graphite Project.

Order Given to Complete Power Line Transmission within 14 days

THE Deputy Minister for Energy and Minerals, Dr Medard Kalemani, has issued a 14-day ultimatum for completion of the Power transmission line at Gongo la Mboto on the outskirts of Dar es Salaam, as a part of Tanzania Energy Development and Access Expansion Project (TEDAP).

With sponsorship of over US 32 million dollars from the World Bank, TEDAP’s objective is to improve the quality and efficiency of electricity service supply and to establish a sustainable basis for energy access expansion, plus renewable energy development in the country.

Tanzanian President Magufuli orders exploitation of natural gas a matter of urgency

14 March 2018 KICC, Nairobi, Kenya

2018 will see the East Africa Oil & Gas Summit celebrate its 5th Anniversary as the most prestigious oil and gas summit in the region.

Significant onshore oil discoveries in Uganda and Kenya and offshore gas discoveries in Tanzania and Mozambique have made East Africa a subject of intense interest among the global energy industry.

Chinese Neusoft to Build Largest African Medical Equipment Factory in Tanzania

Dar es Salaam — The Government has signed a contract with Neusoft Medical Systems Company Ltd from China for the construction of the medical equipment manufacturing factory.

The anticipated factory will be capable to design and manufacture a wide range of medical products that diagnose, monitor and treat diseases and conditions that affect humans.

Gas Hungry Smelter Under Construction - Production to start Sept 2018

Dar es Salaam — The first plants to process Tantalum and Niobium, worth $40 million is set to be constructed and start production in Tanzania from September next year.

The plants are the first of their kind to be put up in in Africa and will be operating at African Minerals and Geoscience Centre (AMGC). Their construction has been possible after agreements was reached with AB Minerals Corporation, to improve capacity of the centre.

Debt Busted as Brazil wipes out $203million Tanzanian Debt

BRAZIL has officially cancelled 203 million US dollars debt owed by Tanzania accrued from a loan secured from the South American economic power house in 1979 for construction of Morogoro-Dodoma road.

Tanzania's Ambassador to Brazil, Emmanuel Nchimbi and a senior officer in Brazil National Treasury, Dr Sonia Portella signed agreement for cancelling the debt at an event held at Tanzania's Embassy in Brazil capital city of Brasilia, according to a statement issued yesterday.

Tanzania Readies to Train for Oil and Gas Boom

OIL and Gas Local content regulations will come into effect in November this year, the government has said.

National Economic Empowerment Council (NEEC) acting Director of Local Content Esther Mmbaga said in Dar es Salaam that both the policy and law are in place and the government is only finalising the regulations.

Schlumberger Points to Possible Road Forwards for Aminex & GE Baker Hughes?

Schlumberger:  The world’s largest oilfield services firm has decided that it should take an ownership stake in upstream oil and gas production, rather than simply provide the services for doing so. The new strategy is being closely watched as a potential model for the major oilfield services companies that have drilling prowess but struggle with lackluster activity in a world of $50 oil.

The Middle Class Fool - Trading the Truth

Anton Kreil Annihilates Retail Brokers and “Training Educators”

Bank CEO Urges Government to Invest Massively in Power Supply

A banker has urged the government to invest massively in power supply, technological development and human resources if the country’s industrialization goal is to take shape.

The chief executive officer for Azania Bank, Mr Charles Itembe said industrialization at the weekend that industrialization requires proper infrastructure and improvement in several aspects related to the business climate.

First News from Oil & Gas Congress - Tanzania Fully Geared for Stable Fuel Sector

The government is striving to ensure effective management of natural gas resources, by creating a stable system for regulating the industry, for the benefit of investors and Tanzanians alike.

The remarks were made yesterday by Vice-President Samia Suluhu Hassan (pictured), when launching the first ever oil and gas congress in the country, taking place in Dar es Salaam.

Important Long Term Collaboration Message from io Consultants Top Men

Ntorya Development Plan submitted to Tanzanian authorities

Following on from the appointment of io by Aminex PLC to assist with the development of the Ntorya Field, io is pleased to announce that a development plan, incorporating the findings from it’s Gas Commercialisation Study has been submitted to the Tanzania Petroleum Development Corporation (‘TPDC’) for approval.

New 3 fold increased 1.3TCF estimates for Ntorya Do not include Potential of Adjoining Exploration Acreage.

Aminex (LON: AEX) has announced a further material increase in its estimates of gas initially in place (‘GIIP’) in its Ntorya appraisal area in the onshore Ruvuma Basin of Tanzania.

The Africa-focused oil and gas exploration and production company has upgraded its unrisked resource estimates to approximately 1.3 trillion cubic feet (TCF) Pmean GIIP.

Tanzania to Install new Sewage System with World Bank Funding

Wastewater treatment plants, to be built in a $600-million project backed by the World Bank and other donors, are intended to improve human and marine health

DAR ES SALAAM, Sept 11 (Thomson Reuters Foundation) - For Andrew Kilula, the wastewater perpetually seeping from his toilet presents a daunting and costly challenge.

New Dry Port to Change Face of Ruvu, Bringing More Power Hungry Business

AS the construction of a new dry port at Kwala Village in Ruvu- Vigwaza area in Coast Region goes on, a new urban business centre is likely to emerge and sprawl, giving the area a new face.

Authorities in Kibaha District, Coast Region have begun scratching their heads on how to capitalise on the opportunity to expand the region’s economy.

764Mw New Capacity Annually Required in Tanesco Roadmap for Tanzanias Power System

2.6 Diversification of Power Generation Resources

To improve the security of supply, the GoT is diversifying the sources of electricity generation to include natural gas, coal, hydro, uranium and renewable energies. Tanzania

Who let the Dogs Out? Magufuli Steps up the Fight Against Corruption

Tanzanian president John Magufuli has ordered an anti-corruption watchdog to investigate suspected cases of corruption and fraud in the country. 

A statement, issued on Monday last week by the Directorate of Presidential Communications at State House in Dar es Salaam, said the president made the order

Mobile power payments and smart meters plug in Tanzanian homes

Mobile power payments and smart meters plug in Tanzanian homes

DAR ES SALAAM (Thomson Reuters Foundation) - When Asteria Lymo saw her prepaid electricity meter was short of units, she grabbed her smartphone and bought some using Tigo Pesa, a local application that allows customers to pay their utility bills on their mobile phones.

Private Sector Supports Tanzanian Efforts to Enhance Power Generation

The private sector has commended new efforts to enhance power generation that will ensure reliable electricity supply for industrial plants being established in the drive to industrialise the economy

The Executive Director with the Tanzania Private Sector Foundation (TPSF), Mr Godfrey Simbeye, said access to affordable and reliable power is important for the country’s industrial transformation ambitions.

“As a result of the investments being made in key infrastructure projects such as

Gas to Power in 30 Days with GE

Fast, Efficient Electricity On Demand Is What The GE TM2500 Mobile Turbine Is All About

GE facilitates the delivery of electricity to a quarter of the world’s population and now, it is once again making significant inroads into delivering power to develop communities, increase production in industries and enable governmental development.

The TM2500 mobile gas turbine power solution from GE Gas Power Systems enables governments, power utilities and businesses to meet their electricity generation needs

Solo Oil plc Chairman Neil Ritson Interview

To hear what Neil has to say.....

Aminex 25 Year Development Plans Submitted

06 September 2017

Aminex plc

("Aminex" or "the Company")

Submission of Ntorya Development Plan

Aminex is pleased to announce that a Development Plan for the Ntorya field, located onshore in the Ruvuma Basin, Tanzania has been submitted to the Tanzania Petroleum Development Corporation ('TPDC') for approval.  The Development Plan is a key step towards obtaining a development licence and the commercialising of the resources from the Ntorya appraisal area which sits within the Ruvuma Basin.

The Development Plan, which incorporates the findings from io oil and gas consulting's Gas Commercialisation Study, is a comprehensive review of the existing data and

"Plenty of Upside for Aminex" and Already risen 82.82% on Malcy's Bucket List

Referenced at 11 Mins 05 Secs

Malcy's Bucket list:  Aminex Creates the Largest Gains Since February

82.82% Increase

Aminex "Seriously Undervalued"

Malcy's words today…  "News today from AEX tells us that at Ntorya there has been a further ‘material resource upgrade’ as the unrisked resource estimates have increased from 466 BCF Pmean GIIP to 1.3 TCF of Pmean GIIP and this is for the Ntorya area only.

Aminex announces Major Increase to Ntorya Resource Estimate - "Five to Sixteen Wells"

80sqKM Conventional reservoir taking vertical drills capable of taking between five and sixteen wells

RNS - Ntorya Gas Field Basin Model Update - It's a big one!!!

Ntorya Gas Field Basin Model Update

Mon, 4th Sep 2017 07:00

RNS Number : 6598P

Aminex PLC

4 September 2017

Aminex plc

("Aminex" or "the Company")

Ntorya Gas Field Basin Model Update - Further Material Resource Upgrade

Aminex is pleased to announce a further material increase in its management estimate of gas initially in place ('GIIP') in its Ntorya appraisal area in the onshore Ruvuma Basin of Tanzania.   

The Company has upgraded its unrisked resource estimates from 466 BCF