Views of the presentation and Q&A with Brian Hall from Aminex as...

Views of the presentation and Q&A with Brian Hall from Aminex as it relates to KEY from an attendee:

Aminex expect to publish a resource estimate for KN-1 within the next 3 months. Brain stated that he was committed to doing so by the end of Q1 - which i guess makes it 2 months! I asked Brian what remained to be done to be able to do this. He said that the estimate was being finalised by a consultancy in Perth. Mike Rego was due to travel there in 3 weeks time, to get the job completed. SW10's law appears to have applied to the integration of historic seismic data, the KN-1 logs and the new Songo-Songo seismic shot last year, allowing the reserve estimate to be made.

I asked Brian about export of the gas from KN-1. He was adamant that the planned upgrade to the Songo-Songo processing plant, which is awaiting government approval, would be sufficient to allow Aminex to begin production (subject to confirmation of reserves, grant of production licence and contract with customers), despite possible indications to the contrary from Orca. A pipeline upgrade was not required. Should further export capacity be required beyond that facilitated by the plant upgrade, Brian pointed out that the pipeline from Songo-Songo to shore was 16" but the onshore line to Dar-es-Salaam was 18" (IIRC - but the onshore line is certainly larger), so dualling the relatively short 25km shallow-water stretch from SS to shore would increase capacity further at relatively modest cost.

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