Well, I did indeed get a reply from Brian Hall at Aminex. So a big thanks to him for some clarity.
Here is a brief precis of a few points.
- Pipeline Access PSA GIVES US RIGHT OF ACCESS TO THE PIPELINE BUT WE HAVE NO THROUGHPUT CONTRACT AS SUCH. PIPELINE PLANT NEEDS TO BE EXPANDED AND CONSENT IS NOT YET FINALISED BETWEEN GOVT OF TZ AND PIPELINE OPERATOR - Spare capacity in pipeline THERE IS SPARE CAPACITY AT PRESENT WHICH CAN BE INCREASED BY COMPRESSION AND WHICH COULD ULTIMATELY BE INCREASED BY TWINNING THE LINE IF THE DEMAND WAS THERE - Timeframe of results of recent 3d Seismic WE ARE MAPPING AND WE HAVE INDICATED THAT WE SHOULD HAVE THIS FINISHED IN Q1
To answer Davo's question... KN1 was much deaper than expected and appears to have hit a seperate reservoir to what was expected. As such most of the numbers went out the window. It is also much larger in area than expected. So potential upside could be very large. T4P did some good diagrams that explained potential, if some one could post a link it would be great.
If we go thru Songas the cost of development is very small.
KEY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held