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One quick question Jodonne; are you looking to buy the stock or trade it using CFD's? I know most of the names below as CFD traders....
A question, if I may.
For various reasons, I use 4 brokers: KBC/Bolero; DEGIRO; T212; and eToro!
The first 2 will only allow me to sell, T212 will only allow a total of 200,000, and eToro don't recognise it.
Does anybody else have this problem. And can anybody explain why a broker thinks I need saving from myself?
I have around 6.5m but would like to top up at these prices.
Amazing how big a payout WEN CEO is due for repeated failures.
I took a little top up. Thank you
For those of you that also follow other Tanzanian gas producers, Wentworth published an operational update today. https://www.lse.co.uk/rns/WEN/operational-and-corporate-update-mdnwtvllofg419j.html
Let's not lower the tone of this erudite discussion forum eh stopcheque ?
Rojo talking Gas again, foul smelling Hydrogen Sulfide Gas from his bottom, as usual.
Deep breath Winston...
Have another try ?
Kenya and Botswana next.
https://www.theeastafrican.co.ke/tea/business/tanzania-uganda-sign-gas-pipeline-deal-4429132
No reason why they can't do both simultaneously, our sign offs aren't that complicated, especially the fact they are only awaiting for "final approval"
Tanzanian authorities said at the start of the year that gas production from Ntorya must be completed by year end "without delay".
I wish they would make up their mind
Correlation winalot is pecking order...my point is they will prioritize LNG negotiations ahead of our GSA etc
Why, what's the correlation between LNG and our gas? Nothing, just typical African pace of doing things. Growing this industry is still pretty new to them
Https://www.reuters.com/world/africa/uganda-tanzania-agree-do-feasibility-study-gas-pipeline-2023-11-10/
At least there are some discussions going on.There has gotta be some hold up by tanz gov with LNG in limbo since may and delay upon delay on getting ours signed off.Ive said it before this LNG needs to get sign off before we get ours
Oh BG - look at the SP !
How long have you been posting optimistic nonsense here ? 10 years ? More ?
Baloney
Don't be silly Tanz!
I'd love it to succeed, and to get my stake back.
I just don't think it will.
You don't want our investment to succeed do you RJ ? All because you still carry that huge, but huge grudge. Don't try that awful baloney of trying to prevent new investors making the same mistake you did ! We need to get the right rig that can tackle high the high pressures. Patience.
Chalk and cheese
"The issue is whether it can be extracted and brought to market at a cost that allows it to be sold for profit."
The issue? Lol, have a look at Wentworth/Orca's accounts 🙂
I don't doubt gas is down there Tanz.
The issue is whether it can be extracted and brought to market at a cost that allows it to be sold for profit.
Some progress though - by copying and pasting you have now at last managed to spell prosciutto correctly.
Worryingly for you RoJo, he doesn't say no gas does he ?
Read prosciutto's latest post
Research done with UK pipelayers suggested within 3 months depending on the the terrain being reasonably average.
I wonder who’s been selling the 500,000 tranches?
The opportunity to get a pipeline built in time for the projected "production" date has already passed - unless the pipeline build has started and no-one has told us! 2 - 3 months for the build once initiated and that would be compromised by heavy rain.
FYI my London offices are located some 50 yards from the Tanzanian High Commission - you now when Tanzania is in election season when there are Demonstrations outside the Commission demanding that the Tanzanian President and Govt cease selling off and repatriate Tanzanian farms and land to Overseas companies for the benefit of foreigners and Politicians.... I can see it from my window as we "speak"... ;0)
As I said a few weeks ago that whilst we were in election season many of the current regime's short term decisions are going to be coloured by politics and the self interest of re-election and not on commerce or economics.... So in that respect Tanzania looks very much lie the UK...
By for now.
As regards the CH1 (NT3) drill, we haven't even identified a rig or signed a rig contract yet so any concept of a spud for CH1 is currently pir in the sky. If they were to announce tomorrow that a rig contract was in place and even then subject to a rig being available immediately and being relatively close Geographically I would suggest three months at the bare minimum and even that would be pushing it
How long does everyone think it will take to get the pipeline built, and how long to get a rig in place and drill CH-1?
They said by year end but I can't see how they can hit that target even if they fast tracked everything, but they could get on with those processes this year which would be a good start.
I'm initially thinking an updated target could be issued of April next year for first gas.