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Interesting to read this report.

http://www.firstenergy.com/research/documents/Facts-C-ORC_B-2011-12-14.pdf

So first of all, Orca could lose the Songo Songo PSA (and Aminex might be in pole position to take it over if Orca are ejected from it).

We also have confirmation that the Chinese pipeline being built could bring gas from down south to the capital (and yes so if Ntorya-1 is gas this can connect into this pipeline and so infrastructure is being put into place for by default for a Ntorya-1 gas find - but oil is more valuable of course so oil please but if not then gas).

The potential to take over the Songo Songo PSA might be another reason our Thai/Chinese friends are involved, they put the financial clout behind Aminex so the Tanzanian government know that money is not a problem now, if they were to give the Songo Songo PSA to Aminex then progress would be fast.

proselenes, what do you see as a realistic chance of success at Ntorya ? in the
RNS they state 20% but that is normal in the oil industry.

Around 1 in 4 I say, so 25%.

Thats a good chance when it comes to drilling wildcats, but still 75% chance of failure.

News should be soon, anytime in the coming days IMO.

lar . i will be there at 4.30 tomorrow if the train is on time
see you in meg

Perky perky....... news soon ?

http://www.bloomberg.com/news/2012-01-16/poorest-nations-host-biggest-gas-finds-in-sign-of-deals-energy.html


...........“You’ll see the majors becoming more dominant through acquisitions,” said Stuart Joyner, an oil and gas analyst at Investec Securities in London. “A lot of the independents that really have been the vanguard in terms of opening the new province will sell out as things start to move out of the exploration stage.”................

Think we will get some news this week.

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Aminex, huh!

Its quite interesting - the wording of the AEX, compared to that of the SOLO RNS.

"Wireline logs and check shot data will now be recorded to determine whether or not to drill further."

"Wireline logs and a seismic check-shot survey are now being recorded in order to evaluate the section already drilled and to determine if additional drilling is worthwhile."

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Gawd knows!

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:-)

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Looks like a dud.....or does it.....I presume ......back to Tanzania offshore and Texas....no luck this company it seems...not a fab update....

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Sold out what I had above 3.1p - a gain is gain, even if its a small one. Its lucky that this was under 2.8p after Nyuni which allowed some buying at under 3p.

Will be interesting if they deepen to 3200 metres to find gas, but not for me, all out now, no interest anymore.

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