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.... ;-)
Crusty - Not really sure you can state that NR is totally irrelevant to Ruvuma PSA when Solo holds 25% share ??? I'm fairly sure that it's the same for NR as JB but they have not been to Kiliwani since the infrastructure has been built, so they were due a visit. However, I'm sure this would be brought about by something more important. My money is on a Ruvuma extension to allow us to move forward with funding and drilling. It's also a great opportunity for Billy to get plenty of snap shots for the website and media coverage. !!!
Eli - I'm deeply offended by your accusation of myself being ramper. Some may call me a ramper, most would call me positive........ ..Tomayto/tomartoe :-)
Although the BOD seem to have convinced a number of people that went to the recent meeting, these shares remain in the high risk category as far as I am concerned.
Note in advance to Lord Tiptop: please don't post saying how the lack of these fundamentals is more great work by JB and that it gives us more flexibility going forwards in our transformational year blah blah blah. I invest on facts not ramping.
KN1 flow rate and commercial production date is the most likely candidate in my book - I do not see why NR has to be involved one iota in the Ruvuma PSA extension - he is totally bloody irrelevant.... The second option - though contingent on Ruvuma extension I agree - is a farm-out of Solo's 25% (and maybe AEX too) so as to part fund the Ruvuma NT2 drill and commitment....
In short Eli "NO"... this si why when the GSA was signed I was totally underwhelmed with the whole thing; a GSA without any "teeth". Particularly worrying as, at the time, there was a lot of talk about "overcapacity" in GAS productione etc. It meant that there was a risk that the date for "commercial production" could be months if not, possibly, years away. The flow rate will be determined by the need to optimise the life and production of the well which JB has always maintained will be between 25 and 35 MMscf/d. Bjt the date that we will go "online" and get paid "in advance" for that rpoduction has yet to be "fixed"...
JB has stated that he believes that these two things (flow rate and date will have been determined and agreed with TDPC by the end pf June; so there should be no reason why this could not be from the start of July. Any delay beyond this would be a worry - to me anyway....
On the subject of NR and JB's trips to Tanzania as AEX via Ndovu are the operator of KN1 and Ruvuma it will only be JB on Ndovu's behalf that would be signing a Ruvuma PSA extension or committing to NT1 and / or NT 2 drilling dates and NR has nothing whatsoever to do with Nyuni so why and for what possible benefit would NR be there with JB? A farm-out maybe? Determine optimal flow rates for KN1? Agreement to funding NT2 drilling?
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