Oil & Gas exploration, Production Sharing Contract, approved.
Our Minister of Labor, Integration and Energy announced to the press/media that the Government of Aruba has approved the conversion of Armstrong’s Study & Option Agreement into a PSC – Production Sharing Contract. Armstrong’s hunting ground will be to the NE of Aruba where Armstrong has named 3 natural gas prospect areas.
More detailed information will be forthcoming from CAP, Compania Arubano di Petroleo N.V. CAP will be the signing agent of the PSC with Armstrong.
CAP is 100% Aruba-government-owned, so let us stay tuned.
Armstrong has had a Study & Option Agreement going with GOA allowing Armstrong access to all archived materials, from past 4 exploration wells, 3D and 2D seismic surveys, well cuttings, and consultant reports, etc.
In the past we were told that Armstrong International identified three areas suitable for gas exploration in the island’s north-east. The company will drill in our territorial water, and according to their sources the prospects are good.
Armstrong International is a subsidiary of Armstrong Oil and Gas Inc. with experience in drilling both, in the USA, including Alaska. The independent privately held company explores and produces oil and natural gas. The company was incorporated in 1985 and is based in Denver. Their website only flaunts the logoed cover page, no other content.
Aruba dreams of getting rich fast, every few years, and with the above agreement we are drilling and dreaming.
The minister talked about the proximity to Perla, the Venezuelan oil field, and heralded the arrival of WEST CAPELLA, a drilling ship, he said Armstrong will rent offices, import experts and equipment, and have a significant economic presence, determined to help Aruba in its quest for black gold.
One of my friends writes: I’m confident that Armstrong will have success, he is a very good explorationist – And you’re lucky to have a minister like Glenbert Croes who isn’t afraid to undertake things. By now, having served long, he is a very experienced minister, and still underrated, unappreciated by most.
Last night
Our parliamentarians voted and approved a new tourist tax of $20 per person, per visit collected via the EDCARD registration, exempting locals and children, the money will be earmarked for a new company, Aruba Wastewater Sustainable Solutions N.V., managed by Utilities N.V., in charge of the operation of Bubali graywater plant, treating all wastewater including sewerage. A new plant will be built once financing is secured and meanwhile GOA is obliged by the court to buy and install mobile units, as auxiliary measure, to help manage the load. If you are a frequent visitor, you only pay the tax once a year.
