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
over 30,000 bbl/d. Prior to joining Aminex he was Vice-President Exploration at Serinus Energy Inc and was a key member of the team that grew its Ukrainian gas production organically by approximately tenfold through an active drilling programme. As COO he becomes responsible for all operations in Tanzania and elsewhere when applicable.”“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
Company hires Brian Cassidy a Solicitor “with over 20 years' experience in the oil and gas industry, during which time he has worked in the UK, Azerbaijan, Singapore, Hong Kong, China and South Korea. Before working in the industry he practised law with Ledingham Chalmers LLP, McGrigors LLP and Clifford Chance LLP. Prior to joining Aminex, he was Head of Legal and Company Secretary at Bowleven plc.”
- Tanzanian government changing VAT laws to aid faster development
- Work starts on new oil pipeline to Uganda with gas to run alongside
- Gas demand doubled in a year
- Gas Power plants under construction and more out to tender
- All population to be connected to National Grid within three years
- Tanzanian economy fastest rising in East Africa
- Nyuni 3D Seismic
- Foreign investment flooding into the country
- Power hungry roads, cities & housing construction underway
- Phase one gas pipeline to run through Ruvuma
“Tanzania – A country considered by many as the new energy hub of Africa”
“Discovered a Major Gas Condensate filed at Ntorya”
“Onshore appraisal underway”
“Pipeline systems needed to monetise are already in place”
“It is already Commercial”
“Reserves potential indicate it could be a GIANT”
- Horrendous Gas Field
- Airport expansion
- LNG export terminal
- FLNG
- Red tape slashed to promote business permits to be granted in just three days
- Going Deeper to maximise targets “Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”
All this without even mentioning what we have in the ground. The ducks are certainly lining up here
