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All being well we could have an update from Nyuni anywhere from mid-month to end of this month.

Worth a read :

http://www.cnbc.com/id/44038676

Market Indicator with Perfect Record Just Signaled 'Buy'

Published: Friday, 5 Aug 2011

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Sunday August 07, 2011

Gas sector expansion will need private investments:

http://www.dailynews.co.tz/feature/?n=22556

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Got another 50K @ 5.21p this morning.

If people are going to sell them at silly prices I will buy up their silly sales, even though I hold too many of these already now.

All that is happening now is the "margin" is getting taken out of the market. All those CFD traders, T-Traders, Spread Betters and the like are getting closed out leaving the market only with real people with real cash in it - but lower also due to lots of those taking cash out as well.

Did think this might happen, if you read the post on TMF back on 6th May.

http://boards.fool.co.uk/sentiment-dont-you-just-love-it-12250382.aspx?sort=whole


This is the bad week needed to get people to accept QE3, and a rally is coming soon - just need to be patient and the rewards and a big move upwards is coming very soon - in the meantime the margin boys are going to be slaughtered again for another day.

After the day of capitulation today I do think the AIM index will be at its low and from there its back upwards into late 2011 and early 2012, a repeat of the 2006 fall and then rise into 2007.

QE3 and ECB action will be the catalyst for this, and the rise in oil up to 150US$ in 2012.



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My market "bottom" prediction in the previous post was pretty much spot on. :)

And as far as Nyuni-2 goes, we would hear news anytime from mid August onwards, so perhaps from 22nd August ?

Upside from activity in Q4-2011 and Q1-2012

Three companies stick out in the biggest way (and do not forget Aminex).



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Its worth remembering.

The ongoing Nyuni-2 well is targeting 1.5TCF of GIP (circa 250 MMBOE) of which hopes are 880BCF are recoverable (circa 146 MMBOE).

Aminex have 65% of this and are operator.

So thats possible net to AEX of 572 BCF of gas (circa 94.9 Million barrels of oil equivalent).

Which is why you can see why Nyuni-2 is a high impact well for a small 50 Million market cap company.

For comparison people are screaming RKH is cheap at 562M market cap, with now perhaps 200MMBO. Simple (and incorrect) division of the market cap by 2 for the barrels of oil equivalent means AEX could be moving to being a 280M market cap company, or say the share price rising by a multiple of 6 on this one well result, if its top end good results - and that would still be "cheap". Its rough and ready calculations but given isolated oil in the NFB compared to easy to develop gas at this location - I think its fair.

6p to 36p in real terms.

For Goldman Sachs it would show present target price of 16p being multiplied upwards.

Ndovu Resources is owned by Aminex - finally movement on developing their existing gas, and hopefully their future gas finds as well.

http://www.thecitizen.co.tz/component/content/article/37-tanzania-top-news-story/13746-cautious-bunge-nod-for-new-power-plan.html


Cautious Bunge nod for new power plan

Saturday, 13 August 2011 22:05

By Tom Mosoba

..........In his speech, Minister Ngeleja said the firms monopoly of the sub-sector was over and a new company, Ndovu Resources, would be allowed to invest in gas infrastructure. MPs John Mnyika (Ubungo-Chadema), Ms Jenister Mhagama (Perhamio-CCM) and Mr Habib Mnyaa (Mkanyageni-CUF) said it was time the country addressed long term projects to avoid recurrent shortages..............


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You can see why Nyuni-2 is potentially so big in terms of recoverable gas, all the red and orange area is what its going for...........



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The news appears to be sinking in about Ndovu (Aminex) being able to build their own infrastructure for gas development.............

http://uk.finance.yahoo.com/news/Oil-Shares-To-Buy-In-A-Brutal-foolcouk-1534578328.html?x=0&.v=1


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Certainly looking stronger.......



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Ndovu Resources is wholly owned by Aminex, for those who do not know.....more good news...........

http://www.dailynews.co.tz/bunge/?n=22830


............Mr Malima said that due to high power demand in the country, Tanzania Petroleum Development Corporation (TPDC) in collaboration with other companies, were working on other natural gas sources, efforts which he said were meant to satisfy the power demand which was on the increase.

The companies which were working collaboratively with TPDC were Maurel and Prom, Ndovu Resources and BG Company. ..................


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