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Aminex, the oil and gas exploration and development company focused on Tanzania, is pleased to announce that during a recent operations meeting in Muscat, Oman with ARA Petroleum Tanzania (APT) and Aminex, the Tanzania Petroleum Development Corporation (TPDC) updated the joint venture partners on its progress to construct a pipeline spur from Ntorya to the Madimba gas processing plant (the Pipeline). The TPDC told Aminex and APT that:
● It has acquired the land required for the Pipeline.
● It has completed all front-end engineering and design works required for the construction of a 35km pipeline to connect to the TPDC's existing processing and transmission infrastructure at Madimba.
● It is in the process of completing the necessary Environmental Impact Study in relation to the construction of the Pipeline.
● It expects to issue a tender for the construction of the Pipeline in July 2024.
The TPDC is responsible for the Pipeline's construction. At the meeting with Aminex and ARA, it reiterated its, and the Tanzanian Government's, firm commitment to achieving first gas as soon as possible, with a deadline of no later than mid-2025.
Charles Santos, Executive Chairman of Aminex commented:
"We are very appreciative of the TPDC's update on the Pipeline, the construction of which is a critical milestone in bringing Ntorya gas to the people of Tanzania. We wish to note the professionalism and commitment of the TPDC and highlight the importance the Tanzanian Government attaches to completing the Pipeline as soon as possible. This commitment is rooted in Ntorya's importance in helping to relieve energy poverty and improve energy security for the people of Tanzania. Although this construction is outside our control, we will endeavour to keep shareholders updated as we receive information from the TPDC as construction proceeds".
Not sure what new information is in this RNS . Can't be long now for the licence RNS
It is all coming along very nicely , more news due so hope to finish blue . hold tight to those golden tickets .
This is just a confirmation that everything is OK. No one need be worried
"We wish to note the professionalism and commitment of the TPDC and highlight the importance the Tanzanian Government attaches to completing the Pipeline as soon as possible."
"As soon as possible"
Tender issued in July
"There are two rainy seasons—the heaviest rains (called masika ) usually fall from mid-March to May, and a shorter period of rain (called vuli ) occurs from November to mid-January."
Could they issue the contract to the winning tender in time to complete the pipeline before the November rain starts?
Just about possible?
Years talk about pipeline.wast time for rns.same old.no license
That's not Rojo, it's Yoyo or Prosiwotsito. Same thing really.
Really good confident update. No slippage on timing, and CH-1 needs drilling and completing to hook up to that spur when it's ready. If ever that licence was imminent, now seems the time ;-)
They all merge into one...
Good rns
1.50+ today me hopes..
It is good news indeed but not, I fear, the news that everyone has been looking forward to.
Down 5% yesterday Rojo which considering "no finally agreed development licence, no published terms of the GSA, no independent 3D assessment, no drill rig and no pipeline." must be disappointing for you?
Oh well only another 45% to go to get back to the price of three weeks ago. Maybe today?
I was sceptical about this company after all these years but I have to hold my hands up and say that things are moving in the right direction now.
Someone experienced in this said on this board that they could do it in 6-8 weeks. That would make it doable this year so long as the government fast track their processes.
If not then starting in January it would still be finished well before mid 2025.
At least they are showing some urgency now under the new Energy Minister / Deputy Prime Minister. Something we've not really seen from Tanzania politicians until now. He was appointed in September 2023.
One thing to bear in mind with the pipeline build is the weather. Unlike the drilling building the pipeline would be compromised by the "rainy season" so the timing I would suggest will be determined by their having to use a window that avoids the heavy rains. So, maybe as SC alludes a January kick off would be appropriate and would coincide with a December Spud date for CH1.