back-in<\/a> right and acquires 5% of the interest it will still make the A$3 million profit as anticipated.<\/p>\nAfter the TPDC buy in we still anticipate that in 2016 Bounty will receive gross annual revenue of around A$ 3 million from this project.\u201d Bounty\u2019s CEO, Philip Kelso said.<\/p>\n
Production start is scheduled for November 2015 and production is anticipated to be at a stabilised rate of 20-30 MMcf\/day is nearing with a short tie in from the Plant to the Kiliwani North Gas Field now completed, packing of the line with gas having commenced, Minor works have also been completed at the Songo-Songo Gas Processing Plant and negotiation of the gas sales agreement is in its final stages.<\/p>\n
\u201cThe KN-1 well has now been tied into the main pipeline infrastructure and is awaiting completion of the adjacent Songo Songo processing plant. The Company has been advised that this will be completed shortly and commissioning gas is to be produced thereafter,\u201d Kelso added.<\/p>\n
Meanwhile at the license a new 3D seismic planned to image deep water turbidite gas plays of up to 1.3 TCF potential. A major gas target named Pande West has been identified in the deep water eastern section of the Nyuni Block where Bounty holds a 10% interest and 3D seismic surveys are planned for early 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"
Australian oil and gas explorer with interest at the Nyuni PSA with 5 percent interest has said it expects to generate net operating profit before tax for Bounty of $3 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":3881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[137,2960,959,961,1321,3527,2958,2365,2466],"class_list":["post-3880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aminex","tag-bounty-oil-and-gas-nl","tag-gas-pipeline","tag-gas-sales-agreement","tag-kiliwani-north","tag-ndovu-resources","tag-nyuni-psa","tag-songo-songo","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Kiliwani-North-2.png?fit=313%2C402&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-10A","jetpack-related-posts":[{"id":3873,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tpdc-to-acquire-5-interest-in-the-kiliwani-north-license\/","url_meta":{"origin":3880,"position":0},"title":"TPDC to acquire 5% interest in the Kiliwani North License","author":"","date":"October 5, 2015","format":false,"excerpt":"Aminex has said that the Tanzania Petroleum Development Corporation (TPDC) has notified the Company of its intention to acquire a 5% working interest in the Kiliwani North Development (KNDL) and will become a full working interest partner going forward. Under the terms of the Nyuni East Songo-Songo Production Sharing Agreement\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11004,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-aminex-reaches-agreement-with-tpdc-for-past-gas-sales\/","url_meta":{"origin":3880,"position":1},"title":"TANZANIA: Aminex Reaches Agreement with TPDC for Past Gas Sales","author":"","date":"October 18, 2021","format":false,"excerpt":"Aminex has announced that it has reached an agreement with the Tanzania Petroleum Development Corporation (TPDC) for the payment of outstanding monies owed for past gas sales to the TPDC, resulting in a net cash inflow to the Company of approximately US$1.85 million. Aminex and the TPDC have been engaged\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Tanzania-Aminex.png?fit=443%2C537&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2701,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-receives-deferral-two-well-drilling-commitment-nyuni-area-psa-tanzania\/","url_meta":{"origin":3880,"position":2},"title":"Aminex receives deferral of a two well drilling commitment on the Nyuni Area PSA in Tanzania","author":"","date":"March 16, 2015","format":false,"excerpt":"Aminex \u00a0has notified shareholders that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed by the end of October 2015, into the four-year First Extension which expires October 2019. The deferral is conditional on\u2026","rel":"","context":"In "Profile"","block_context":{"text":"Profile","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/profile\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Nyuni-PSA.jpg?fit=396%2C447&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6668,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kiliwani-north-well-production-decemberaminex-seeking-remedies\/","url_meta":{"origin":3880,"position":3},"title":"Kiliwani North Well Production Up in December,Aminex Seeking Remedies","author":"","date":"January 8, 2018","format":false,"excerpt":"Aminex has reported that the Kiliwani North well produced 95 MMcf of gas during the month of December up from after fluctuating below 1 million standard cubic feet per day in October and November due to low reservoir pressure and inlet pressure restrictions of the gas processing plant. Aminex says\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/07\/kiliwani-north-well-300x297.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4551,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gas-production-commences-at-tanzanias-kiliwani-north-gas-field\/","url_meta":{"origin":3880,"position":4},"title":"Gas Production Commences at Tanzania’s Kiliwani North Gas Field","author":"","date":"April 6, 2016","format":false,"excerpt":"Operator at the the Kiliwani North Development Licence\u00a0 Aminex has announced gas production from its\u00a0Kiliwani North gas field\u2019s Kiliwani North-1 well ('KN-1') \u00a0in Tanzania has commenced on schedule as had earlier been announced. According to Aminex production is expected to build up to an anticipated production rate of 25-30 mmcfd\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4496,"url":"https:\/\/www.oilnewskenya.com\/index.php\/commissioning-of-tanzanias-songo-songo-island-gas-set-for-april-2016\/","url_meta":{"origin":3880,"position":5},"title":"Commissioning of Tanzania\u2019s Songo Songo Island gas plant Set for April 2016","author":"","date":"March 15, 2016","format":false,"excerpt":"The Tanzania Petroleum Development Corporation (TPDC) has provided a revised work schedule in the \u00a0Kiliwani North license and informed the operator Aminex that the commissioning of the Songo Songo Island gas plant is expected to commence in early April. Aminex which concluded the final well integrity testing of the Kiliwani\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/kiliwani-north-1-well.png?fit=493%2C556&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=3880"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3880\/revisions"}],"predecessor-version":[{"id":3883,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3880\/revisions\/3883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/3881"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=3880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=3880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=3880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}