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Aminex shares rise after reveals plans to spud Tanzania exploration well. Je mnajua?

Discussion in 'Jukwaa la Siasa' started by Mdondoaji, Nov 22, 2011.

  1. M

    Mdondoaji JF-Expert Member

    Nov 22, 2011
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    Oil & Gas Sector:

    6 November 2011 | 16:18pm StockMarketWire.com - Shares in Aminex rose after it announced that it expected to spud the Ntorya-1 exploration well in Tanzania next month.

    [FONT=inherit !important][FONT=inherit ! important][/FONT][/FONT][FONT=inherit !important][FONT=inherit ! important][/FONT][/FONT] Company says it is making significant progress in strengthening its position in the highly prospective Rufiji Delta and Ruvuma Basin regions of Tanzania.

    It says that through extensive seismic reprocessing in its licence areas, the company believes it is now able to recognise feeder channels supplying the deep-water fan systems where BG, Anadarko and ENI have recently made world-class gas discoveries.

    Aminex believes that its acreage in the Ruvuma and Nyuni are part of the same play fairway.

    The company's 2012 work plan includes seismic acquisition commitments to better image and de-risk these plays.

    Aminex is well funded to meet its commitments for drilling and seismic exploration in these core licences.

    DEO UK (LON:DEO) and its partners Atlantic Petroleum UK and Faroe Petroleum have agreed, subject to regulatory approvals, to assume Maersk Oil UK's 19.11% interest in the Perth field.

    DEO will then have just over 52.03%, Faroe Petroleum over 34.6% and Atlantic Petroleum more than 13.35%.

    EnQuest (LON:ENQ) is on track to deliver its full year average production guidance of 23,000-24,500 barrels of oil equivalent per day.

    Production to the end of October averaged 23,944 boepd, up 20% on the 19,876 boepd last year.

    It said the Thistle well A57/58 was completed and was producing over 1,500 boepd, in line with expectations, and operations had started on Dev-P1, the first well in the Deveron field for over 20 years.

    CEO Amjad Bseisu said: "I am pleased to report that EnQuest continues its growth [FONT=inherit !important][FONT=inherit !important][/FONT][/FONT]with a 20% year on year production increase to the end of October 2011, all three of our hubs achieved strong production growth over the same period in 2010.

    "EnQuest is now concluding its active ten well drilling programme for 2011, five new production wells have been brought onstream during the year, one on Don Southwest, one on Conrie and three on Thistle."

    Heritage Oil (LON:HOIL) was down slightly despite claiming that it is making great progress across its portfolio and has a strong balance sheet to pursue its programmes.

    The company said it had a cash position of approximately $353m at the end of September - excluding amounts related to a tax dispute in Uganda of approximately $405m - which was more than sufficient to cover the work programme into 2013.

    It said a tax tribunal in Uganda and a domestic process were ongoing and in May it began international arbitration proceedings in London against the Ugandan [COLOR=#00b1f7 !important][FONT=inherit !important][COLOR=#00b1f7 !important][FONT=inherit !important]government[/FONT][/FONT][/COLOR][/COLOR].

    Heritage is seeking a decision requiring, among other things, the return of approximately $405m currently on deposit either with the Ugandan Revenue Authority or in escrow with Standard Chartered [COLOR=#00b1f7 !important][FONT=inherit !important][COLOR=#00b1f7 !important][FONT=inherit !important]Bank[/FONT][/FONT][/COLOR][/COLOR] following the sale sale of its interests in blocks 1 and 3A in Uganda on 26 July 2010.

    CEO Tony Buckingham said: "We are making great progress across the portfolio by adding exciting new exploration acreage, [COLOR=#00b1f7 !important][FONT=inherit !important][COLOR=#00b1f7 !important][FONT=inherit !important]investing[/FONT][/FONT][/COLOR][/COLOR] in hydrocarbon prolific areas such as Libya, conducting seismic across existing licences and moving ahead with exploration, appraisal and development work across the Miran Field in Kurdistan.

    "We have a strong balance sheet to pursue these programmes whilst also considering further opportunities."

    Source. Stockmarketwire.com
  2. Ng'wanangwa

    Ng'wanangwa JF-Expert Member

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    kwa faida ya kina riz-1
  3. M

    Mdondoaji JF-Expert Member

    Nov 22, 2011
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    Taarifa nyengine ya ziada:-

    Rig sent to Tanzania's Ntorya-1 well

    A rig has been mobilized to the Ntorya-1 well in Tanzania’s onshore Ruvuma basin, which is expected to spud in mid-December, its exploration partners have announced.
    Bill Lehane 21 November 2011 10:36 GMT

    The Caroil-6 rig is expected to arrive at the site early next month, where drilling to a total depth of 2020 metres is expected to take 32 days, the partners said in a statement on Monday.
    Aminex subsidiary Ndovu Resources operates the Ruvuma Basin petroleum sharing agreement, with partners Tullow Oil Tanzania (56.25%) and Solo Oil (18.75%)
    The Ntorya-1 well, the second to be drilled by the joint venture, will be drilled in the Mtwara Licence to target marine basin floor fans of Oligocene and Cretaceous age.
    More than 250 metres of sandstones of this age were identified in the Likonde-1 well drilled last year which encountered both oil and gas shows, the partners said.
    Partners believe this well has a 20% chance of making a commercial discovery, with mean recoverable resource potential of more than 600 billion cubic feet of gas, or 100 million barrels of oil equivalent.
    Solo executive director Neil Ritson said the results from the well, expected early next year, would provide valuable data on an underexplored area of a basin that has seen major discoveries.
    Published: 21 November 2011 10:36 GMT | Last updated: 21 November 2011 10:36 GMT
  4. Rose1980

    Rose1980 JF-Expert Member

    Nov 22, 2011
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    misjaelewa jaman.
    lugha iyo ahhh...pls summary inahusika

    aliyewapelekeni nyinyi st monica ndo alinipeleka mimi MKANAWE SHULE YA MSINGI...:lol::lol::lol::lol::rant:
  5. M

    Mdondoaji JF-Expert Member

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    Rose tunawaombea mungu wafanikiwe kupata mafuta kwani wanategemea kuanza kuchimba mwezi ujao na either watapata mafuta au gesi but utafiti wao unaonyesha kuna kiwango cha kutosha for commercial purposes. Amnex walikuwa na eneo jengine la baharini maeneo ya Nyuni ila wamesimamisha kwanza na kushungulikia hili kwani lile eneo la mwanzo, chumvi ya baharini na hali ya hewa, imesababisha wasimamishe shughuli za uchimbaji.