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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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http://www.investegate.co.uk/Article.aspx?id=201109080700098413N

Excellent news.

Obviously for Tullow it just does not make operational sense to have a set up for Tanzania and get involved in all those costs, when Aminex are busy with Kiliwani, Nyuni and can easily handle operational matters at Ruvuma, given that Ruvuma is the only interest of Tullow in Tanzania.

Tullow now save the costs (and hassle) of being operator but still retain a 25% interest in the area, allowing Aminex, who are busy in Tanzania anyway, to get on with being operator of the Ruvuma license area.

http://www.proactiveinvestors.co.uk/companies/news/32877/update-aminex-becomes-operator-of-ruvuma-basin-in-deal-brokered-with-tullow-32877.html

UPDATE: Aminex becomes operator of Ruvuma Basin in deal brokered with Tullow

Thu 12:59 pm by Ian Lyall and Sergei Balashov

Later this year with the Ntorya-1 well, south of Likonde, will be drilled to 2,020 metres and is expected to take 25 days to reach its target depth

Adds comments from Shore Capital...

Aminex (LON:AEX) will become the majority owner and operator of the Ruvuma Basin production sharing agreement in Tanzania under a deal brokered with Tullow Oil (LON:TLW).

Tullow has assigned an 18.75 per cent stake to Aminex, which takes its holding to 56.75 per cent, while Solo Oil (LON:SOLO) receives a 6.25 per cent boost from the FTSE 100 explorer, giving it 18.75 per cent of the PSA.

It leaves Tullow with 25 per cent of Ruvuma, which is an on-shore and offshore prospect.

The re-organisation was described as a logical and practical move because Aminex already operates a well in Tanzania, where Tullow doesnt.

Therefore there will be operating efficiencies with Aminex in charge of the drilling programme.

Last year the partners drilled the Likonde-1 well on the permit, which while not a commercial discovery, provided strong evidence of both oil and gas in the area.

Later this year with the Ntorya-1 well, south of Likonde, will be drilled to 2,020 metres and is expected to take 25 days to reach its target depth.

The Caroil-6 rig is being mobilised to Ruvuma from the Aminex-operated Nyuni-2 well, where results are expected imminently.

Chairman Brian Hall said: "We are looking forward to drilling the exciting Ntorya prospect at Ruvuma, in one of the last major under-explored deltaic basins in Africa.

The PSA was originally awarded 100 per cent to Aminex in 2005 and we acquired the original seismic data before passing operatorship to Tullow in 2008 after they had joined the joint venture.

We are very grateful for the good work done by Tullow on this project and much appreciate the opportunity to increase our interest and reassume operatorship.

We are fully anticipating Tullow's continued support and assistance."

Broker Shore Capital welcomed the update, calling the transfer of operatorship to Aminex a very logical outcome which should expedite the work programme and lead to operational efficiencies, also noting the increase of Solos interest in Ruvuma.

We think that this is good news which provides (Solo and Aminex) with additional leverage to drilling success in this exciting basin, said Shore Capital analyst Craig Howie.

No news is good news - very possible today.

Today is possibly bad news dumping day, so I shall even be positive to see no news released today.

If they really have no gas, they should have finished and logged by now, as drilling with no gas is much faster than drilling into a gas filled reservoir.

So fingers crossed for no bad news today, then we can all get exciting about next week.

Bought a few more.....calculated risk....could jump past 10p on a good result....and guess what ?...it comes up as a sell ???...nuts....