Africa Energy Corp HPMCF

South Africa and Gas to Power...hopefully sooner than later.

[Ebenizer3]

https://www.naturalgasworld.com/south-africas-petrosa-targets-mozambique-gas-in-new-sales-pact-110716


Quote:
"PetroSA wants to form a joint venture (JV) with ENH to woo potential gas clients in energy-starved South Africa, and intends replicating the JV model at Mossel Bay to trade gas from offshore fields discovered by TotalEnergies to the Cape market.

 

"At Mossel Bay we will be looking at potentially two different JVs, one with Total for Brulpadda (field) and then another JV is for the Block 9 development, but the main entity that will trade gas for the group is PetroSA Gas Trading," Sesakho Magadla, chief operating officer at PetroSA, told Reuters."


https://www.engineeringnews.co.za/article/south-africa-needs-13-gw-of-gas-to-power-capacity-more-than-the-irp-envisions-2024-04-17

Quote:
"Eardley-Taylor contrasted this with the LNG to baseload GtP LCOE expectations. He added that, if the 11B and 12B discoveries – otherwise known as Luiperd and Brulpadda – could be developed, they would pay tax to South Africa on gas earnings, which would see the baseload LCOE reduce further down to about R1.10/kWh.

[Gambrinus]

Curious... Has anyone done the math? As to the value per share (for AFE)  of 11B and 12B discoveries – otherwise known as Luiperd and Brulpadda. 

[Ebenizer3]

try the latest presentation which is I believe may 2023, Luiperd and Brulpadda is predicted at around $1.25 boe with over 1 billion bbl boe, AFE currently has 1.4 bil shares you could put a $1.00 on it if it made it all the  way to production but after listening  to AOI comments thats highly unlikely, but don't forget you have three drill ready prospects with high degree of

[Harel1976]

1.25$ is a fair value for boe in the ground while project is stuck due to regulations and political complications, the value of a boe that is fdp/fid in such an economic, fast track, tie in to existing infrastructure is 4$ a boe min'. The gap will close as the project advances. Beginning with inking the new bill, to commercial agreemenrs and fid. Other prospects are the bonus.

[Harel1976]

Btw, what comments by aoi are you talking about?

[Ebenizer3]

the comments they made about divorcing AFE and Eco

[Harel1976]

Not only them, they eill exit or consolidateeach of their investees but they will not give up on upsides like the purchase of another 8% of impact, so once ghis project advanced they will wait for a sell out or invest more to fund the fast track development. I think people under estimate the value of this project, a direct tie in to existing lng plants makes the economics of this project a world