re: Ann: Quarterly Report for the Quarter End... Why did no noise get made over this bit?
"Kiliwani North #1 - Commercialisation Process – The Joint Venture continues with its plans to commercialise the Kiliwani North #1 gas discovery. A specialist negotiator was recently engaged by the Joint Venture for the process to continue and assist in efforts to negotiate terms and conditions with the various government departments and potential clients.
As an aid to the negotiators, a full market review has been completed which now provides the Joint Venture with a clearer understanding of the markets for gas, both in the growing region of Dar es Salaam but also in and around the country where there is an ever growing demand for electricity and gas. There has also been a recent announcement that funding has been approved for a feasibility study to be undertaken to determine if the gas pipeline, that currently terminates in Dar es Salaam, would be an economic option if it were extended to Mombasa in Kenya.
A 2D appraisal seismic programme was approved over part of the Songo Songo Island and adjoining areas and will increase the confidence in defining potential sales gas volumes. Shot hole drilling for the survey commenced during June, prior to the first recording of data on 1 July. The survey has now ended and results will be interpreted by the Joint Venture."
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