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There are no delays.

Well is presently at week 9 and expectation was 9 to 10 weeks. So no delays as yet.

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See post 25.

Its all going ahead now.........

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Its been held up by government red tape, all articles now suggest on line in 2012, so not long to go now it seems.

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The interim results are due out next week, should be more detail in them on everything.

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400 metres to go.

http://www.asx.com.au/asxpdf/20110826/pdf/420ndw9yk874fk.pdf

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Looks like Aminex (Ndovu Resources) will get Kiliwani on line through the Orca pipeline.


Page 32 of the Orca Q2 results.

http://www.orcaexploration.com/2011/2011_Q2_OrcaExploration_FULL.pdf


Access to infrastructure

Ndovu Resources Limited, with support from TPDC and the Ministry of Energy, has indicated that they wish to tie into the gas processing plant on Songo Songo Island and sell up to 10 MMcfd from their Kiliwani North field. The Company is currently in discussions with Ndovu to agree appropriate commercial terms

Could fly past 10p on a good result...

Indeed it could.

If the median estimates for Nyuni-2 come in, it puts 30p a share on.

If its top range for Nyuni-2 it adds 50p a share.

So depending on what level of success, IF ANY, then it could easily fly through many levels much higher than where the share price is now.

Starting to liven up a little now.

Bought in here for the prospects news over the next 12 months somwhat swayed by the level of director buying a few months ago, and which ones were buying.

That alone told a story.

have in the last week bought in to these looking for big jump over the next 6 months

For those saying Nyuni is isolated and will take many years to bring on line, well, it does not look that way now...... snippets below with link :


http://dailynews.co.tz/home/?n=23312&cat=home

By ALVAR MWAKYUSA, 1st September 2011 @ 14:36,

CONSTRUCTION of a US$700 million (about 1.12trl/-) natural gas pipeline from Mtwara to Dar es Salaam will be implemented for one year and not three as earlier planned.

The Director General of Tanzania Petroleum Development Corporation (TPDC), Mr Yona Kilagane, said in an interview that the project will be fast-tracked................

............The pipeline is expected to connect Mnazi Bay, Songo Songo, Kiliwani/Nyuni, Mkuranga and a deep sea gas reserves in the country.

The Chinese government is expected to fund the multibillion project. Three teams from China have visited Tanzania on separate occasions to discuss implementation of the mission...............

This weeks Oil and Gas price monitor from Merchant Securities :

http://www.mediafire.com/?ddmh1qawrnb9w3e

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AEX is a main market listed stock, so you can ISA it !!

(general reminder for newbies as many people think its an AIM stock and not ISA'ble)

As stand alone wells, Nyuni-2 top end result is worth more than a Ntorya-1 good result (50p per share upside Nyuni v 40p a share upside Ntorya-1), however, what it means for the future and other potentials is of course that success at Ntorya-1 will not only add a lot to the share price short term, but it also validates a lot of other leads and is worth a lot lot more over the longer term.

The question is, apart from will Nyuni-2 be good or not, how will the market respond to a good result given that at 6p there is nothing in the price for ongoing Nyuni-2 well and also nothing in the price for the upcoming Ntorya-1 well.



Oilbarrel article about Solo talking about Ruvuma:

http://oilbarrel.com/news/solo-oil-sees-progress-in-canada-and-looks-ahead-to-high-profile-spud-of-ruvuma-wildcat

"...............Solo has a 12.5 per cent interest in the Mtwara Block, part of the Tullow Oil-operated Ruvuma PSA in Tanzania. This, as regular readers will know, is part of the exciting surge of exploration now taking place across sub-Saharan Africa in the wake of major finds in landlocked Uganda (by Tullow) and the deepwaters offshore Tanzania and Mozambique.

The Ruvuma PSA is a huge - more than 12,000 sq km - tract of exploration acreage, largely onshore, in southeast Tanzania. The co-venturers, which comprise Tullow with 50 per cent and Aminex with 37.5 per cent, are hopeful of the prospectivity here in the wake of recent finds in the deep offshore; BGs deepwater licence directly adjoins the Ruvuma PSA.

The JVs first well here, Likonde-1, drilled in 2010, intersected two sandstone intervals with a combined thickness of over 250 metres with evidence of residual oil and gas but was terminated due to high gas influx. The follow-up well, Ntorya-1, will drill in Q4 some 14 km to the south of Likonde-1, to a planned total depth of 2,020 metres. It will target the same high quality Lower Tertiary reservoir sands encountered in the Likonde-1 well with the hope of intersecting a potential mean recoverable resource potential of 100 million barrels oil equivalent............."

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