Slickchic,firstly welcome to the mad house,sorry I mean the AEX board.I am afraid I can't answer your question,however one of the boffins will get back to you no doubt I am sure.Hope you are invested here and good luck .
RE RNS 3/2/14 Anybody know what security is held over the Killwani licence as the way I read it, four wells need to be drilled by the end of 2016 on the Ruvuma licence before security can be fully cancelled on Killwani.
Strange proposition to say Ritson should not be therein Tanzania. He represents a party to the licence and if they are amending it they might need his signature. I agree that does not mean he has to be in Tanzania but hopefuly they are schmoozing too!
Tanzania’s energy industry is set to see a big boost in investment according to Kassim Majaliwa, the country’s prime minister. The government plans to be investing $1.9 billion per year by 2025 in energy projects to bring about an end to power shortages and boost industrial growth.
..as neither rep from the other KN partners was mentioned (Bounty or RAK Gas) I am assuming this trip has to do with Ruvuma where AEX and SOLO are partners - makes sense that both company heads are there.
Of course NR has every right to be kept informed,it is however a shame that us PI's are not shown the same curtesy,I trust that this trip is for both of them to tie up loose ends,raise some funds and then progress to the benefit of both Co's. Would be interesting to know who else is out there looking for a piece of the action.
I am amazed at what pi's are saying re NR and Solo- if SOLO did not farm in AEX by putting in extra 2.8 million, Aex would have gone down to poss 0.50p or less. Solo owns 8.5% of KN and 25% of Ruvma thus NR has every right to be in TanZ. SOLO is an investing company and had full investors rights. So be thankful to SOLO and it's investors.
Would be interesting to know who else is travelling with them. Are they showing off the assets to anyone? A delegation of potential investors or financiers? I can't imagine NR and JB sharing a twin room at a Best Western just to go kick the tires at the new plant.
NR / Solo are not the operator; so are not required to sign anything. Nor, without a farm-in, can they even afford to stump up any money for the drill.... (so it wont be 25% for long and it wont betheir money paying for it) So if I were JB I might choose to update him with my plans and strategy and let him know what I was negotiating on our collective behalf with the TDPC but only out of courtesy.....
So maybe "irrelevant" is a bit strong; I am sure that JB will let him help carry some bags.... ;-)
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